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Tax and financial planning information

Closing out 2020 - Happy New Year

One of the most asked questions during 2020 and I am sure will be a question in 2021 is where is my stimulus payment. The IRS website, www.irs.gov, has a “Get My Payment” page to get information relating to this payment. In addition, for filing your 2020 tax return you will need to save and provide for tax preparer preparation an IRS letter - Notice 1444 Your Economic Impact Payment. This letter will document the amount of stimulus you received, so that if you were short paid, then you will receive the difference through the 2020 tax filing.

John Condie