what you need to know
Check IRS.gov for the latest information:
No action needed by most people at this time
IR-2020-61, March 30, 2020
WASHINGTON – The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.
Every fall, in one of nature's enduring miracles, birds fly south for the winter. The Sterna Paradisaea , or Arctic tern, flies as far as three times the distance between the earth and the moon in a lifetime. The Branta Canadensis, or Canadian goose, flies 3,000 feet high at 40 miles per hour and covers over 1,000 miles per day if the weather is right. The tiny archilocus colubris, or ruby-throated hummingbird, crosses the entire Gulf of Mexico in a single 18 to 22-hour marathon trip.
Today's high-tech economy is all about reinvention. We've got Tesla reinventing cars, Amazon reinventing delivery, and WeWork turning offices into a "state of consciousness." (Shhh, don't tell Michael Scott.) We've also got Bitcoin and other blockchain-based cryptocurrencies trying to reinvent money. Never mind that most people have no idea how cryptocurrencies actually work. Buying in has become ridiculously easy. Just download an app, find the nearest Bitcoin ATM, feed in a stack of Benjamins, and stuff your online "wallet" with all the "coins" you can afford.
"10 Most Expensive Tax Mistakes That Cost You Thousands"
"5 Things You Forgot About with Your Small Business That Are Costing You Money"
John Leidy, EA
DIY Books Coach
It was the third day of the very first income tax course when I realized that it will become my mission to help people understand their taxes better to be able to make better decisions and STOP wasting money on taxes they should not have to pay.