News and Updates from the IRS

IRS Extends Deadline For Victims of Severe Weather in the South

An Update From The IRS: June 23rd, 2020

Highlights: 

  • The IRS announced that victims of tornadoes, severe storms, and flooding that took place in various parts of Mississippi, Tennessee, and South Carolina will have an extended due date of October 15th to complete individual and business tax returns, as well as make tax payments. Affected taxpayers will have until October 15th to make 2019 IRA contributions. 

  • The October 15th deadline also applies to estimated tax payments for the first two quarters of 2020 that were due on July 15th and the third quarter estimated tax payment normally due on September 15th. It also includes the quarterly payroll and excise tax returns normally due on April 30th and July 31st. Penalties on payroll and excise tax deposits due on or after April 12th and before April 27th will be abated as long as the deposits were made by April 27th. 

  • Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred or the return for the prior year. This means that taxpayers can if they choose, claim these losses on the 2019 return they are filling out this tax season.

  • To see eligibility, go to the “disaster relief” page on IRS.gov. Relief is designated by FEMA (Federal Emergency Management Agency). Currently, individual assistance is being offered to Clarke, Covington, Grenada, Jasper, Jefferson Davis, Jones, Lawrence, Panola, and Walthall counties in Mississippi, Bradley and Hamilton counties in Tennessee and Aiken, Barnwell, Berkeley, Colleton, Hampton, Marlboro, Oconee, Orangeburg, and Pickens counties in South Carolina. Relief will be given to any taxpayer with an IRS address of record located in the disaster areas. Therefore, taxpayers do not need to contact the agency to get this relief. 

  • The IRS will work with workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization and taxpayers who live outside the disaster area but whose records are located in the affected area.

Source: IRS Website

Access Full Announcement Here: Click here

Track Your Refund from the IRS

An Update From The IRS: June 8th, 2020

What You Need To Know: 

The Internal Revenue Service (IRS) is reminding and encouraging taxpayers and tax professionals to use electronic options to support social distancing and to speed up the processing of tax returns, refunds, and payments.

IRS services have been extremely limited due to COVID-19. All Taxpayer Assistance Centers are closed, and the processing of paper tax returns will remain extremely limited until processing centers can reopen. However, the IRS is able and will continue to process electronic tax returns, issue direct deposit funds, and accept electronic payments.

 

What Should You Do? 

  • Paper Tax Returns: These won’t be processed until the processing centers can reopen. If you filed a paper return, DO NOT file a second tax return or write the IRS regarding the status of your return or Economic Impact Payments.

  • Ordering Forms: The IRS can’t take any orders for forms or publications. Most forms and publications are available to download electronically at IRS.gov/forms.  

  • Web Alternatives: There are no email options to generate answers to your questions. Go to IRS.gov for any current questions. Check out Get My Payment, Where’s My Refund, and Get Transcript Online to check the state of your Economic Impact Payment, refund, and tax transcript. Go to the Get an Ip Pin tool to access your Identity Protection Pin.  

  • Telephone Alternatives: Automated phone lines are available; however, you should expect long waits and limited staffing. Tax compliance and IRS phone lines for taxpayers and tax professionals are available. There is an EIP phone line for individuals who received an EIP Letter (Notice 1444). To check REFUND STATUS ONLY call 800-829-1954.

  • Practitioner Priority Service (PPS): The PPS line is available with limited service. They will not be able to process Centralized Authorization File (CAF) requests. If you have an e-service account with client authorization, you can access the Transcript Delivery System to obtain prior-year transcripts. 

  • Taxpayer Correspondence: The IRS is receiving and storing mail, however, if you have chosen to mail correspondence, you should expect a longer wait time for response. Once the IRS resumes normal operations, it will take a while to work through correspondence backlog. Correspondence may be returned to taxpayers if the office is closed.

  • Balance Due Notice Mailings: Some printed balance due notices have not been mailed yet because of office closures. When operations continue, notices will be delivered with a new extended due date.

  • Extended Payment Due Dates: The new payment due date is July 10, 2020, or July 15, 2020, depending on the type of tax return and original due date.

  • Independent Office of Appeals: Employees are working through cases; however, no in-person conferences are being held. Telephone or videoconference will be used. Taxpayers still need to respond to outstanding requests for information of all cases.

Source: IRS Website

Access Full Announcement Here: Click here

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