Taxpayers should be aware of Coronavirus-related scams

According to IRS: COVID Tax Tip 2020-42

Taxpayers should be on the lookout for IRS impersonation calls, texts and email phishing attempts about the coronavirus or COVID-19 Economic Impact Payments. These scams can lead to tax-related fraud and identity theft.

 

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Treasury, IRS launch new tool to help non-filers register for Economic Impact Payments

CLICK HERE to submit your Bank Account Information to IRS

The non-filer tool, developed in partnership between the IRS and the Free File Alliance, provides a free and easy option designed for people who don’t have a return filing obligation.

 

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IRS extends tax filing deadline to July 15

The IRS moved the national income tax filing day ahead to July 15, three months after the normal deadline for Americans to send in their returns.

Treasury Secretary Steven Mnuchin announced the move, the latest emergency measure to deal with the financial fallout of the coronavirus pandemic.

 

The extension will give taxpayers and businesses more time to file returns and make tax payments without interest or penalties, Mnuchin said.

 

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Trump officials hopeful coronavirus stimulus can be approved by Congress by Monday.

Ambitious timetable may hit bumps after Democrats weigh in.

The Republican plan calls for direct payments of $1,200 per person and $2,400 for couples as part of a $1 trillion stimulus package to offset the damage to the economy from the coronavirus outbreak..

 

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O’Dell to serve as IRS Promoter Investigations Coordinator

WASHINGTON – Feb 24, 2020

The Internal Revenue Service announced today that Brendan O’Dell will serve as the agency’s new promoter investigations coordinator.

 

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All Taxpayers have the right to Quality Service,

The IRS wants taxpayers to know their rights in case they need to work with the agency on a tax matter.

The Taxpayer Bill of Rights, lists and defines 10 fundamental rights of every taxpayer. Included on that list is the Right to Quality Service:

Taxpayers have the right to:

 

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The PATH Act and Refund Delays

The PATH Act is federal legislation that prohibits the IRS from releasing certain Tax Refunds before February 15th..

 

...for tax returns which include the Earned Income Tax Credit (EITC) and/or Additional Child Tax Credit (ACTC).

 

This means that impacted customers will experience a delay in receiving their refund, particularly when filing early in the tax season.