The IRS enabled millions of people to qualify to withdraw $100,000 from their IRA tax-free and penalty-free and repay within 3 years.
With the new IRS relief, you can now qualify for coronavirus-related distributions if you experience adverse financial consequences because:
•You, your spouse, or a member of your household has a reduction in pay or self-employment income due to COVID-19;
•you, your spouse, or a member of your household has a job offer rescinded or start date for a job delayed due to COVID-19;
•your spouse or a member of your household is quarantined, is furloughed or laid off, or has work hours reduced, due to COVID-19;
•your spouse or a member of your household is unable to work due to lack of childcare due to COVID-19; or
•Your spouse or a member of your household owns or operates a business that closed or reduced hours due to COVID-19.
Tax Filing deadline:
July 15
Call our office today to schedule your appointment.
508-992-0272
Plan ahead - NO TAXES WITHHELD from PUA PAYMENTS
Payments of Pandemic Unemployment Assistance (extra $600) is TAXABLE INCOME.
We recommend setting some of those funds aside to avoid a surprise tax bill on your next years tax return filings.
The IRS has sent 4 million payments by prepaid debit cards, or Economic Impact Payment (EIP) cards, as the Treasury Department has dubbed them. The cards are going out to certain eligible taxpayers who filed tax returns but for whom the IRS doesn't have bank account information. The stimulus payment is loaded on the debit card.
Your EIP card will arrive in a plain envelope from “Money Network Cardholder Services.” The Visa name will appear on the front of the EIP card; the back of the card has the name of the issuing bank, MetaBank, N.A. Note that you can't request you receive your stimulus payment by debit card — it either arrives that way or it doesn't.
Exciting to see all these phases coming together.... Stay safe everyone
When will I get my stimulus check ?
Here is the schedule
Less than $10,000: April 24
$10,001 - $20,000: May 1
$20,001 - $30,000: May 8
$30,001 - $40,000: May 15
$40,001 - $50,000: May 22
$50,001 - $60,000: May 29
$60,001 - $70,000: June 5
$70,001 - $80,000: June 12
$80,001 - $90,000: June 19
$90,001 - $100,000: June 26
$100,001 - $110,000: July 3
$110,001 - $120,000: July 10
$120,001 - $130,000: July 17
$130,001- $140,000: July 24
$140,001 - $150,000: July 31
$150,001 - $160,000: August 7
$160,001 - $170,000: August 14
$170,001 - $180,000: August 21
$180,001 - $190,000: August 28
$190,001 - $198,000: September 4
Remaining checks: September 11
If you filed for an extension, the October 15 deadline is quickly approaching.
Call our office today:
508-992-0272
Full time in our accounting department. Must know how to prepare corporate tax returns
DIANE LOPES TAX & ACCOUNTING SERVICES
Tax Accountant/tax preparer
We are ready... excited to see everyone and catch up.
**Appointment
**Drop Off
**Virtual
508-992-0272
PFML. .... how to apply.
MASS.GOV/PFML
Get to know PFML.
Department of Family and Medical Leave - DFML
January 19 at 3:36 PM ·
Paid Family and Medical Leave is here, and if you have questions, there is one place to find your answers: mass.gov/pfml
MESSENGER
Diane Lopes Tax & Accounting Services updated their business hours.
Support the local business’s
Keep it simple, keep it local
File your taxes online with us.
www.dianelopes.com
Didn't get your stimulus, no worries... we can help you get it...
Make your appointment today....
Virtual meetings available...
508-992-0272
www.dianelopes.com
Dear Taxpayer's
Earlier this week, the Internal Revenue Service and the Treasury Department announced that they will be delivering a second round of stimulus payments to those who qualify.
We do not have access to the status or details of your specific stimulus payment. To find out more information, visit https://www.irs.gov/ and click on the "Get My Economic Impact Payment" link.
Many taxpayers have already seen deposits made to their bank accounts today....
IRS.GOV
Internal Revenue Service | An official website of the United States government