Phyllis Jo Kubey, EA CFP ATA ATP

The IRS just posted this news release that they're beginning to issue refunds for tax returns that qualify for the $10,200.00 unemployment exclusion but were filed before the new law was enacted. They say they will automatically correct any changes to the Earned Income Credit and Recovery Rebate Credit. https://www.irs.gov//irs-begins-correcting-tax-returns-for

https://www.forbes.com//t/why-is-my-refund-taking-so-long/

It’s more than your tax return that’s extended until 5/17. A reminder of important deadlines from Kiplinger https://www.kiplinger.com//602732/tax-deadlines-for-may-17

Fingers crossed for consistent and sensible multiple year #IRS funding https://thehill.com//550729-administration-details-bidens-

Here's the White House fact sheet for the American Families Plan: https://www.whitehouse.gov//fact-sheet-the-american-famil/

NYS Tax Department just updated its guidance regarding various federal coronavirus-related tax relief. Clarifies PPP loans, Stimulus payments, coronavirus retirement distributions. Check back often for any future updates: https://www.tax.ny.gov/pit/cares-act-faq.htm

The Tax Institute has a free email newsletter. It’s a good resource and anyone can subscribe. https://mailchi.mp//tax-in-the-news-january-13-2021-1fava9

#IRS tax refunds? Here’s a table that shows the expected timetable. It’s only an estimate, but based on reliable prior year experience. https://www.cpapracticeadvisor.com//when-will-you-get-your

Here’s the latest on those #stimuluscheck direct deposit issues https://www.cnbc.com//irs-saysstimulus-payments-sent-to-wr