Coronavirus Stimulus Frequently Asked Questions

j david tax law coronavirus stimulus frequently asked questions

Stimulus Payment FAQs How big will each payment be? Most adults will receive $1,200, although some will receive less. An additional $500 will be included for every child. How many payments are expected? One payment. Future bills may allow for additional payments. This is barring any future Stimulus Packages. How do I know if I […]

Coronavirus Business Help Center

j david tax law coronavirus business help center

Struggling companies can now defer paying a portion of their payroll taxes to the IRS according to the multi-trillion-dollar economic stimulus package that cleared Congress on Friday. Companies will still be required to collect and pay each employee’s share to the IRS. “Companies would still be withholding from paychecks and remitting that to the IRS […]

Federal Tax Deadlines Extended & Tax Relief Programs During COVID-19

federal tax extension deadline irs update

The IRS has been tasked with collecting an unprecedented amount of taxes owed to fund the COVID-19 stimulus packages totaling more than $2.2 trillion ($2,200,000,000,000). The following release includes more information about the Federal tax payment deadline extension and related tax relief programs, as well as more information about what the stimulus packages mean for […]