Tag: IRS

Checking the Economic Impact Payment

The IRS now allows taxpayers to view their Economic Impact Payment amounts online, if any, by using their online account. Online account is an online system that allows taxpayers to securely access their individual account information. Taxpayers can view:

  1. The amount they owe, updated for the current calendar day
  2. Their balance details by year
  3. Their payment history and any scheduled or pending payments
  4. Key information from their most recent tax return
  5. Payment plan details, if they have one
  6. Digital copies of select notices from the IRS, and
  7. Their Economic Impact Payments (EIP 1 and EIP 2), if any

Use: https://www.irs.gov/payments/view-your-tax-account

Taxpayers can also:

  1. Make a payment online,
  2. See payment plan options and request a plan via Online Payment Agreement, &
  3. Access their tax records via Get Transcript. The amount of the Economic Impact Payment is needed when calculating the amount of the taxpayer’s Recovery Rebate Credit for 2020.

Warning. Taxpayers must first create an account with the IRS before accessing any information. Tax professionals are not allowed to access or create an account for their tax clients. The taxpayer must create his or her own account and is the only person allowed to access the information, even if the client provided their information to the tax professional to create or access an account, or consented to use their information to create or access the account. Unauthorized use of the online account system is prohibited and subject to criminal and civil penalties.

IRS – New Scams!

Scammers never sleep!

IR-2019-145, August 22, 2019

The Internal Revenue Service and its Security Summit partners late last week warned taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally on email. Remember: the IRS does not send unsolicited emails and never emails taxpayers about the status of refunds.

The IRS this week detected this new scam as taxpayers began notifying phishing@irs.gov about unsolicited emails from IRS imposters. The email subject line may vary, but recent examples use the phrase “Automatic Income Tax Reminder” or “Electronic Tax Return Reminder.”

“The IRS does not send emails about your tax refund or sensitive financial information,” said IRS Commissioner Chuck Rettig. “This latest scheme is yet another reminder that tax scams are a year-round business for thieves. We urge you to be on-guard at all times.”

To read the full article, CLICK HERE.