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TO PROVIDE IRS WITH THE BANK ACCOUNT TO RECEIVE THE STIMULUS THIS IS THE LINK: https://www.irs.gov/coronavirus/get-my-payment... IR-2020-72, April 15, 2020 WASHINGTON Working with the Treasury Department, the Internal Revenue Service today unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information. How to use Get My Payment Available only on IRS.gov, the online application is safe and secure to use. Taxpayers only need a few pieces of information to quickly obtain the status of their payment and, where needed, provide their bank account information. Having a copy of their most recent tax return can help speed the process. For taxpayers to track the status of their payment, this feature will show taxpayers the payment amount, scheduled delivery date by direct deposit or paper check and if a payment hasn’t been scheduled. They will need to enter basic information including: Social Security number Date of birth, and Mailing address used on their tax return. Taxpayers needing to add their bank account information to speed receipt of their payment will also need to provide the following additional information: Their Adjusted Gross Income from their most recent tax return submitted, either 2019 or 2018 The refund or amount owed from their latest filed tax return Bank account type, account and routing numbers Get My Payment cannot update bank account information after an Economic Impact Payment has been scheduled for delivery. To help protect against potential fraud, the tool also does not allow people to change bank account information already on file with the IRS.

PARA PROPORCIONAR AL IRS CUENTA BANCARIA PARA RECIBIR LA AYUDA USAR ESTE LINK https://www.irs.gov/es/coronavirus/get-my-payment... IR A "OBTENER MI PAGO" (ventana azul) Cómo usar Obtener mi pago Disponible solo en IRS.gov, la aplicación en línea es segura de usar. Los contribuyentes sólo necesitan un poco información para obtener rápidamente el estado de su pago y cuando sea necesario, proporcionar la información de su cuenta bancaria. Tener una copia de su declaración de impuestos más reciente puede ayudar a acelerar el proceso. Para que los contribuyentes verificar el estado de su pago, esta función proporcionará a los contribuyentes el monto del pago, la fecha de entrega programada por depósito directo o cheque en papel y si no se ha programado un pago. Tendrán que ingresar información básica que incluya: Número de Seguro Social Fecha de nacimiento, y Dirección postal usada en su declaración de impuestos. Los contribuyentes que necesiten agregar la información de su cuenta bancaria para una entrega rápida de su pago también tendrán que proporcionar la siguiente información adicional: Su ingreso bruto ajustado de su declaración de impuestos más reciente ya sea de 2019 o 2018 El reembolso o la cantidad adeudada de su última declaración de impuestos Tipo de cuenta bancaria, números de cuenta y de ruta Obtener mi pago no puede actualizar la información de la cuenta bancaria después de que el pago de impacto económico haya sido programado para la entrega. Para ayudar a proteger contra fraudes, la herramienta tampoco permite que las personas cambien la información de la cuenta bancaria que ya está registrada con el IRS.

Paycheck Protection Program The program offers loans of up to $10 million to cover eight weeks of payroll plus some additional expenses, like rent and utilities. The loan can effectively turn into a grant. Most, and in some cases all, of the loan will be forgiven if a company uses the money to retain workers or hire back positions it had to cut. The S.B.A. has waived many of its usual requirements for these loans... How does the loan forgiveness work? Both full and partial forgiveness is available. Businesses can have their loans forgiven in full if they maintain their full-time equivalent head count (based on a 40-hour workweek) and wages for eight weeks after the loan is disbursed, the Treasury Department said. The agency said that not more than 25 percent of the forgiven amount may be used for nonpayroll costs, like rent. How much can I borrow? Companies can borrow up to two months of their average monthly payroll costs for the past year, plus an additional 25 percent, up to $10 million. Payroll costs include salary, wages, tips, commissions, paid leave benefits, employer-paid health insurance premiums, and state and local payroll taxes. I’m self-employed. How do I calculate my payroll cost? The CARES Act text says that you can claim your wage, commission, income, net earnings from self-employment or similar compensation, up to $100,000 a year. You may need to work with your accountant or lender to confirm what qualifies.

Does my business qualify to receive the Employee Retention Credit? The credit is available to all employers regardless of size, including tax-exempt organizations. There are only two exceptions: State and local governments and their instrumentalities and small businesses who take small business loans. Qualifying employers must fall into one of two categories:... The employer's business is fully or partially suspended by government order due to COVID-19 during the calendar quarter. The employer's gross receipts are below 50% of the comparable quarter in 2019. Once the employer's gross receipts go above 80% of a comparable quarter in 2019, they no longer qualify after the end of that quarter. How is the credit calculated? The amount of the credit is 50% of qualifying wages paid up to $10,000 in total. Wages paid after March 12, 2020, and before Jan. 1, 2021, are eligible for the credit. Wages taken into account are not limited to cash payments, but also include a portion of the cost of employer provided health care.

Who is eligible for the economic impact payment? Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced. Social Security recipients and railroad retirees who are otherwise not required to file a tax return are also eligible and will not be required to file a return. Eligible taxpayers who filed tax ...returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child. The IRS does not have my direct deposit information. What can I do? In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail. Who is not Elegible? Your adjusted gross income is greater than $99,000 if your filing status was single or married filing separately $136,500 for head of household $198,000 if your filing status was married filing jointly You can be claimed as a dependent on someone else’s return. You do not have a valid Social Security number. You are a nonresident alien. You filed Form 1040-NR or Form 1040NR-EZ, Form 1040-PR or Form 1040-SS for 2019.