What you need to know:
There’s plenty of information circulating about the tax ramifications of the Coronavirus outbreak—some of it accurate, and some of it not. Below, we’ve compiled the latest breaking news and FAQs regarding taxes and financial changes due to the Coronavirus.
Wondering how Covid-19 will affect your taxes? Call us today to find out.
Business Owner Posts
Learn more about how COVID-19 will affect your business taxes.
5 Quick Steps to Obtaining a Paycheck Protection Loan from The SBA By this point, most small business owners and operators are aware of the Paycheck Protection Loan Program (PPLP)…
Wondering how Covid-19 will affect your business taxes? Call us today to find out.
Individual Taxpayer Posts
Learn about how COVID-19 will impact your taxes.
ALERTA DE COMMUNITY TAX: Pagos por impacto económico La siguiente alerta especial de Community Tax contiene información importante sobre el pago de estímulo al que tiene derecho. Como habrán oído,…
Weighing in at a whopping $2 trillion in federal spending, the recently passed CARES Act is one of the most expensive — and expansive — pieces of legislation in our…
COMMUNITY TAX ALERT: Economic Impact Payments The following special alert from Community Tax contains important information regarding the stimulus payment you are entitled to. As you may have heard, the…
FAQs: Taxes and COVID-19
Will tax refunds be delayed due to Coronavirus?
No. The IRS is continuing to process tax returns and issue refunds. If you’re able to file your taxes, you should do so. Filing online is the fastest way to receive your tax refund, and the IRS says that those who file online typically receive their refunds within 21 days via direct deposit.
Does everyone get a Coronavirus tax relief check?
To be eligible for a stimulus payment from the Feds, you need to meet the following requirements:
- You must have filed a tax return for tax year 2018, 2019 or have a 2019 Form SSA-1099, Social Security Benefit Statement, or Form RRB-1099, Social Security Equivalent Benefit Statement
- Your AGI in 2018 (or 2019) must be below the threshold for your filing status
- You must be a legal resident
- You must not be claimed as a dependent on someone else’s tax return*
- Everyone on your return must have a valid SSN
Learn more about the latest breaking news regarding taxes and financial changes due to the Coronavirus.
Have unanswered questions?
We’re dedicated to helping you navigate your tax responsibilities and potential income due to the spread of COVID-19 with our services tailored to meet the special considerations of the pandemic.
Tax preparation services don’t have to break the bank. With Community Tax, you get more value for your money.LEARN MORE
From tax resolution, prior year income tax return preparation, and back tax debt relief, Community Tax can help with all of your tax resolution needs.LEARN MORE
Your business is unique. That’s why we offer customizable bookkeeping services for small businesses so that you pay only for what you need.LEARN MORE