Filers: Get Your Payment

Use the “Get My Payment” application to:

  • Check your payment status
  • Confirm your payment type: direct deposit or check
  • Enter or update your bank account information for direct deposit if the IRS doesn’t have your direct deposit information and they haven’t already sent your payment

Update your bank account or mailing address

  • If the IRS does not have your direct deposit information from your 2018 or 2019 return – and a check has yet to be sent  – use the Get My Payment application to update your bank information. This would be where you would want your stimulus payment to be deposited into.
  • 2019 Filers: The IRS will send your payment using the information you provided to your tax preparer when you filed your 2019 tax return.
  • 2018 Filers: If you need to change your account information or mailing address, file your 2019 taxes electronically as soon as possible. That is the only way to let the IRS know of your new information.

It is important that everyone knows the IRS is currently not processing paper returns due to the Coronavirus.

 

For questions or more information contact Monica Brewer, #TheTaxExpert at 706-221-5171.

 

https://www.irs.gov/coronavirus/economic-impact-payments

Employment or Payroll Taxes

The Tax Expert

Like sales taxes, some employment taxes are collected, reported, and paid. In this case, the taxes are paid to the IRS and the Social Security Administration.

Employment taxes are those paid by the owner of a business for several types of taxes based on the gross pay of employees. These include FICA taxes (for Social Security and Medicare), federal and state unemployment, and federal and state workers compensation taxes.

Some of these taxes (unemployment tax, for example) aren’t collected from employees, and they must be paid completely by the employer. 

Due to COVID-19 and the CARES Act, that was signed into law on March 27, 2020! Employers can delay paying their portion of taxes until 2021-2022.

Need help filing your business taxes or doing payroll or computing payroll taxes? Need a payroll company? Contact Brewer Financial Firm, LLC at 706-221-5171 and ask for Monica Brewer – The Financial Expert!

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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