March 1, 2019
Many people receive tax refunds from the IRS and wonder how long it will take to receive your refund. You wait by the mailbox or look at your bank account hoping that your refund is there. We will fill you in on the tax refund schedule and how long it takes for the IRS to issue refunds.
When Are Taxes Due?
The deadline to submit your 2018 tax return and pay your tax bill is April 15, 2019. If you are unable to meet the tax deadline, you can file an extension.
When will I Receive My Tax Refund?
If you go to the Where’s My Refund tool, you can check the status of your refund on the IRS website or go to the IRS2Go mobile app.
To find out the status of your tax refund, you will need to provide your Social Security Number (SSN), filing status and the exact dollar amount of your expected refund.
Federal Tax Refund Schedule
Please contact our office or go to the IRS.gov website for more information.
We'd like to draw your attention to the new 1099 forms for 2021. If you (as a business) prepare your own 1099’s, please be aware of the changes:
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Many of you reading this have received, or will soon receive, the Payroll Protection Program (PPP) loan. And that’s good news. Not surprisingly, however, this distribution now shifts the focus to “what qualifies as forgiveness under this program?”
As of now if you spend at least 75% on payroll costs over an 8-week period, from the date you received the funds,...