Stimulus – Tax Season Extension – Updates
Mac Neal LLC is working around the clock to stay current on the tax law changes, stimulus updates, and tax return processing times. The IRS has a backlog of over 7 million returns from 2019. In addition, the…
COVID-19 stimulus package: Jobless Americans get a tax waiver of up to $10,200 on unemployment benefits
UPDATE Returns not-filed yet with Unemployment Compensation Tomorrow morning, a software update for the new Unemployment Compensation Exclusion will be available, the IRS provided guidance just today. Tomorrow I will be able to file returns with this new…
2021 Covid-19 $1400 Relief Checks Update
The IRS has said it will issue information and details on the distribution of this third payment once the bill is passed by Congress and signed into law by President Biden. The House is expected to vote on…
Update on EIP2 Stimulus Payments
IRS REVERSES COURSE AND NOW WILL BE REDIRECTING PAYMENTS TO PROPER ACCOUNTS For those that have not yet received their EIP2 payment, there is a subset of payments that were directed to closed accounts – your customer’s…