Category Archives: IRS News

TaxMama’s TaxQuips We Win and We Lose

win and lose

Today TaxMama®  wants to update you about some IRS announcements that may affect your tax life.       Dear Family, The IRS is putting out Tax Tips on a daily basis, as they have for several years now. The only problem is, they seem to be recycling old news and not updating it for […]

TaxMama’s TaxQuips Where oh Where Has My Payment Gone?

  Today TaxMama®  wants to talk to you about your missing payments to the IRS.             Dear Family, Feeling frustrated about getting your tax questions, answered, issues resolved and trying to understand where your stimulus checks have gone? Yeah. The bad news is – this is going to go on […]

TaxMama’s TaxQuips Filing Deadline Approaches

Today TaxMama®  wants to provide some tips before the upcoming July 15th filing deadline.                 Dear Family, I hope you’re able to enjoy (what we used to call) a “safe and sane” 4th of July holiday. When arriving in Los Angeles many decades ago, we used to have […]

More PPP Loans – Better Terms

Today TaxMama® wants to let you know that the House and Senate have passed the Paycheck Protection Program Flexibility Act of 2020 (PPPFA).         Dear Family, The latest Bill is heading for the President’s desk today. Believe it or not, it’s only 9 pages long. The PPPFA increases the time to pay […]

Death and Stimulus

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Today TaxMama® wants to tell you about even more news from the IRS. It just keeps on a-comin’!               Dear Family, The IRS is still in the process of sending out stimulus checks to people, electronically and on paper. Many people were surprised and delighted to receive $1,200 checks […]

IRS Updates and News – Some Campuses are Back at Work

Today TaxMama® wants to talk to you about some more news from the IRS. As you know, they are issuing announcements frequently.         Dear Family, The IRS announces that they have updated the stimulus look-up tools. Several people have told me that they can finally find their information. I was also able […]

The Stimulus Checks are on their Way! Updated Links

Dear Friends People are starting see the checks in their bank accounts. The IRS has opened BOTH portals – they are both found on this page: https://www.irs.gov/coronavirus/economic-impact-payments For people who didn’t need to file but want to file a zero ($1) tax return to get their bank account info into the system For people who […]

STUNNING, SHOCKING IRS NEWS!

IRS operations to process third-party authorizations are now closed. Please do not fax requests for Centralized Authorization File (CAF) numbers until further notice. The Income Verification Express Service also is temporarily on hold. Possible alternative for tax administration purposes: clients can go to Get Transcript Online, create an account to verify their identities and immediately review […]

The IRS Portal is Open!

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We have all been waiting for this! Here is the new tool for you to enter your bank account information, so you can get the stimulus checks! https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here How do I use the Non-Filers: Enter Payment Info tool? For those who don’t normally file a tax return, the process is simple and only takes a […]

Additional Time From the IRS!

Estimated Tax Payments Besides the April 15 estimated tax payment previously extended, today’s notice also extends relief to estimated tax payments due June 15, 2020. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, can wait until July […]