CARES ACT /  COVID Updates

Useful COVID-19 Tax Links for Individuals

Get My Payment Frequently Asked Questions, Click Here

How to Use the Tools on IRS.gov to Get Your Economic Impact Payment, Click Here

 

To change your address or banking information with the IRS, Click Here to view the IRS Instructions. 

CARES ACT information for Independent Contractors and 1099 workers, Click Here

COVID-19 Tax Relief Information for Individuals and Families Click Here 

PPP Updates

COVID-19 TOOLS 

IRS.GOV

COVID-19 TOOLS 

IRS Stimulus Check Links

Use the "Get My Payment" application to:

  • Check your payment status

  • Confirm your payment type: direct deposit or check

  • Enter your bank account information for direct deposit if we don't have your direct deposit information and we haven't sent your payment yet

To help millions of people, the Treasury Department and the Internal Revenue Service launched a web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return.

Tax Deadlines 

July 15, 2020

In response to the COVID-19 Outbreak, the filing deadline for tax returns has been moved to July 15, 2020. Income tax payment deadlines for  individuals and C-Corporations are being automatically extended until July 15, 2020

To learn more and view the IRS notice, click here

IRS SCAM Alert

The IRS will NOT contact you or ask you to pay a fee or confirm personal information – IT Stay informed:

 www.irs.gov/coronavirus

Who is Eligible for Economic Stimulus Checks?

  • Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns.

  • Filers with income above those amounts - the payment is reduced by $5 for each $100 above the  thresholds.

  • Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.

  • Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment.

  • Parents also receive $500 for each qualifying child.

Office Updates

COVID-19 TOOLS 

Client Portal Available

Please utilize the client portal to submit your documentation to the team at Karen Collom, CPA. Click the button below to go to the portal login screen.  

 

If you have any problems logging in or accessing the portal, email Teresa at: teresam@tx-cpa.com

Document Drop-off
and Office Visits

We continue to follow COVID-19 Protocol and are forgoing client appointments to drop off paperwork. Please use the client portal to submit the paperwork required to manage your tax and accounting needs. If you are not comfortable or unable to use the portal, please drop your paperwork at the front reception desk in an envelope labeled: For Karen Collom, CPA.    

Our team will prepare the return and call you when it is ready.  We appreciate your patience as we all try to work safely and efficiently according to the CDC Guidelines.

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