If you did not file a return, or have a family member or friend who did not file a return, the IRS has just activated a link on their website ( irs.gov ) “Non-filers: Enter payment info ”. Therein you can provide the information necessary for the IRS to process the stimulus payment.

The IRS will be using records from Social Security to issue stimulus payments to retirees who have not filed a tax return. However, that program is still being developed and the payments/checks will be issued at a later date. People in that group can utilize the “Non-Filers” program to enter their information to accelerate receipt of the stimulus payment.

The IRS is currently developing a second new tool: “Get my Payment ”. It is similar to the “where is my refund” tool whereby you can click on this link and the IRS will provide the status of your payment, including the date the payment is scheduled to be deposited into the bank account. This link is slated to be available on April 17, 2020. Taxpayers who do not have direct deposit information on file with the IRS can use this tool to provide the information to the IRS and thereby receive a direct deposit of the stimulus payment rather than waiting for the IRS to issue and mail a check.

On April 9, 2020, the IRS announced that all return filing due dates and payment due dates originally scheduled to be due between April 1, 2020 and July 15, 2020 have been extended to July 15, 2020. For the vast majority of taxpayers, this means that the second quarterly estimated tax payment previously due June 15, 2020 has been extended until July 15, 2020. This follows the previous deferral of payments due with the 2019 tax return and the first quarterly estimated tax payment for 2020 until July 15, 2020. The filing due date for regular C corporations is also extended from April 15, 2020 to July 15, 2020.

Thank you, take care and be safe,

McCarthy Kaster Guerrero CPAs

mkgcpas.com