After the initial announcement of the economic impact payments, the IRS stated that Social Security recipients would need to file a simple return to receive their recovery rebate. However, the Treasury Department announced in a press release on April 1, 2020 that Social Security recipients would receive their economic impact payment automatically without a requirement to file anything. Payments to Social Security recipients will be direct deposited or paid by check, in the same manner they receive their Social Security benefits.
News
- Employee Retention Credit Update
- New Ohio Tax Law Summary
- IRS Warns of Tax Scams
- New Grant Opportunities for Certain Ohio Businesses
- Important Changes to the Child Tax Credit (CTC)
- Advance Child Tax Credit Payments
- IRS Information on a Few Tax Topics
- SBA Grant Opportunities
- April 15th Deadline Postponement Details | PPP Extension Passes
- Ohio and Indiana Follow Federal Tax Due Date | New Ohio Bill Changes some Ohio Tax Items
- Tax Day 2021– You “MIGHT” qualify for a May 17, 2021 filing date
- American Rescue Plan Act Passed by Congress
- Schedule C Filers can now apply for PPP based on Gross Income
- Unexpected Ohio Unemployment 1099-G Forms Received
- BRSW Information Updates from Recent Tax Law Change
- Second Round of Economic Impact Payments to be Delivered Soon
- Congress Passes New Relief Bill
- BRSW 2020 Newletter
- IRS Identity Protection PIN Program Available Soon
- PPP Tax Planning Issues and Update