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Tax-Turbo

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Here’s how to get the status of an Economic Impact Payment

Here’s how to get the status of an Economic Impact Payment Eligible individuals can visit IRS.gov and use the Get My Payment tool to find out the status of their Economic Impact Payment. This tool will show if a payment has been issued and whether the payment was direct deposited or sent by mail. In certain situations, […]

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Terms to help taxpayers better understand Individual Retirement Arrangements

Terms to help taxpayers better understand Individual Retirement Arrangements Many taxpayers may have heard of Individual Retirement Arrangements or IRAs, but some don’t know how IRAs help them save for retirement. People can set up an IRA with a bank or other financial institution, a life insurance company, a mutual fund, or a stockbroker. Here’s a list

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Taxpayers should know and understand their correct filing status

Taxpayers should know and understand their correct filing status Taxpayers need to know their correct filing status and be familiar with each option. Generally, the taxpayer’s filing status depends on whether they are single or married on Dec. 31 and that determines their status for the whole year. However, more than one filing status may apply in

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TAX RETURN PREPARATION CHECKLIST

TAX RETURN PREPARATION CHECKLIST PERSONAL INFORMATION o FULL NAMES, SOCIAL SECURITY NUMBERS AND DATES OF BIRTH FOR YOU, YOUR SPOUSE, AND YOUR DEPENDENTS o OCCUPATIONS/JOB TITLES FOR YOU AND YOUR SPOUSE o ARE YOU OR YOUR WIFE LEGALLY BLIND? o CURRENT MAILING ADDRESS o NAME OF COUNTY WHERE YOU LIVE o DID YOU LIVE WITH

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7 Reasons You Haven’t Received Your Tax Refund

7 Reasons You Haven’t Received Your Tax Refund None of them involve the new filing deadline or stimulus payments. With the deadline to file and pay taxes extended to July 15, it’s natural to wonder what impact that might have on the timing of your expected tax refund. You may likewise want to know what, if

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