RJ's Accounting LLC Lanny J. Schlamp, CPA

12/15/2020

Interesting article about IRS backlog.

Andrea Cimeno thought she would get her tax refund quickly after filing electronically in April.

08/12/2020

06/09/2020

Just a reminder the filing deadline was extended to July 15th. It was a 3 month extension, moving it from April 15 to July 15th. Our office is open and taking appointments please call us at 812-876-8500 to schedule an appointment.

06/07/2020

Please read! People are throwing these cards away because they didn’t know what it was.

According to a news release, the benefits will reimburse families of about 600,000 Hoosier children for the cost of meals that their children were unable to receive because their school

05/11/2020

On May 11, 2020 DOR Announces Additional Filing and Payment Extensions
The Indiana Department of Revenue (DOR) announces additional extensions for the filing and payment of certain individual and corporate tax returns to provide further relief during the COVID-19 health crisis. These extensions are in addition to the ones previously announced on March 19, 2020

Individuals and corporations benefit from extended due dates

05/07/2020

The IRS is still in the process of sending out stimulus checks to people, electronically and on paper. Many people were surprised and delighted to receive $1,200 checks for family members who had died in 2018 or 2019. Conveniently, the checks even had DECEASED printed directly on the check.

There has been some controversy about whether or not we had to return those checks to the IRS. Especially since the CARES Act did say that when folks filed their 2020 tax returns, they wouldn’t have to return the money if it turned out they received too much.

And therein lies the answer. People who died in 2018 and 2019 will not be filing 2020 tax returns. (Their estates might for income after death that is still to be distributed to heirs; but that’s not the same thing, is it?)

Answers to frequently asked questions about Economic Impact Payments (coronavirus stimulus checks). These questions and answers will be updated periodically.

05/04/2020

We wanted to share some information for those if you who have applied or have already received a SBA PPP loan:
75% of the PPP loan must be payroll and the employer must bring back all of the employees they had, they must have the same amount of employees when they applied or more.

Business who don't bring back their entire workforce will have their eligible forgiveness amount reduced.

04/27/2020

If you are eligible to receive the Economic Impact Payment and have previously had issues entering your banking information on the IRS portal, you should try it again as they have made some enhancements to the portal and the problem is resolved. We did a few today and had no problem completing the process. If you do not get your banking information entered you will receive a paper check to the address you used for your most recent tax filing.

Non-Filers: Enter Payment Info Here Get My Payment Get Coronavirus Tax Relief Get Your Refund Status Do Your Taxes for Free Get Your Tax Record View Your Account Make a Payment Forms and Instructions 1040 and Schedules 1-3 Individual Tax Return Other 1040 Schedules Information About the Other Schedu...

04/20/2020

Act Now – Go to IRS.gov – A Message from Social Security Commissioner Andrew Saul Posted on April 20, 2020 by Andrew Saul, Commissioner, Social Security Administration Social Security beneficiaries and Supplemental Security Income (SSI) recipients who don’t file tax returns will start receivin...

04/20/2020

I am attaching a link from the Social Security Administration blog, It confirms some of the information for Social Security recipients.I am not talented at this so hope it works.

https://blog.ssa.gov/act-now-go-to-irs-gov-a-message-from-social-security-commissioner-andrew-saul/?utm_medium=email&utm_source=govdelivery

They are urging Social Security and SSI recipients with qualifying children who do not normally file taxes to take action now. Immediately go to IRS.gov and enter your information with your dependents information so that you will receive the full amount of the Economic Impact Payments you and your family are eligible for. They will have your information but not the information of your qualifying dependents. If you have a qualifying child under the age of 17 you will also receive the $500 per dependent child payment in addition to the $1200 individual payment.

Act Now – Go to IRS.gov – A Message from Social Security Commissioner Andrew Saul Posted on April 20, 2020 by Andrew Saul, Commissioner, Social Security Administration Social Security beneficiaries and Supplemental Security Income (SSI) recipients who don’t file tax returns will start receivin...

04/17/2020

We understand and have experienced ourselves that some people are having issues with the IRS.gov "Get My Payment" portal when trying to enter their banking information to receive their Economic Impact Payment/Stimulus money. We have noticed that those of you owed Federal taxes on their most current filing are the ones having trouble with this process. If you are unable to enter your payment information you will still receive your payment but it will come in the form of a paper check mailed to the address you used for your most recent filing.

04/17/2020

If you have not filed a 2019 return we suggest you NOT use the "Non-Filers Enter Your Payment Info Here" portal on IRS.gov website because doing this will act as your 2019 filing and would then cause you to need to do an amended return for 2019, and because the IRS isn't processing ANY paper returns (amended returns) this in turn cause your true 2019 return be even more delayed. This process was implemented so quickly that there are still hiccups with the system. We understand these times are hard and many people are in need of the money but we encourage you to be patient and wait for a paper check if this situation, applies to you.