Medina, Horning & Kruse, LLP

Perfectly timed updates from my gal pal, @lisa.remillard and @beondtv on the Unemployment Exclusion and the delays in IRS refund processing. For some more timely updates, follow her on INSTA @lisa.remillard and BEONDTV

Deep Sigh...... there have been three (3) waves of Stimulus, each bringing a new set of changes to the American Taxpayer and Business Owners. With that, comes adaptation and a steep learning curve for your accountant as they work diligently to make heads and tails of the changes. PLEASE BE PATIENT WITH US....we have been given more time, and there's always an option for an extension.

For information on the 3rd STIMULUS : https://www.irs.gov/coronavirus/get-my-payment

https://www.kiplinger.com//irs-releases-income-tax-bracket

https://youtu.be/hg1Uk60rBsc

https://www.irs.gov//deferral-of-employment-tax-deposits-a

Looking for information on your Economic Impact Payments (aka "Stimulus Checks") ? Please note that if you owed tax in 2018 or 2019, then the IRS will not auto deposit your payment. You will need to log on to the page below and update your direct deposit information even though the IRS may have had it in previous years. If you didn't receive your payment electronically, you should receive a letter in the mail clarifying how/when you will receive your payment.... When you log on, please have your 2018 and 2019 tax return available and input the data EXACTLY as it appears on your most recent filing https://www.irs.gov/coronavirus/economic-impact-payments

Small Business COVID-19 Relief- two of many options available now through SBA.gov. Visit the SBA.GOV website, and speak with your local banking resources and Payroll Servicer for more details.

April 15th deadline still remains. So send us your documents ASAP to meet the deadline. Any existing client that filed with us last year, for which we do not have documentation for by April 1st, we will automatically extend your tax return as a courtesy in the exceptional times. However, if you owe taxes, the IRS has granted a 90 day extension on payments without incurring penalties or interest. Click below for more information. ... https://home.treasury.gov/news/press-releases/sm948

The MOST boring thing in the world just made us all laugh: tax files! This is Dan, a beloved client, who has a fabulous sense of humor. So grateful for the laughs in a time of stress and anxiety. #everybodyjuststaycalm #wewillgetthroughthis #coronavirus2020 #wekeepworking #anewwayofdoingbusiness

Important information for this remaining tax season. For more information, please call our office, or email us [email protected]