IRS Partial Re-Opening Status 2020-05-06 The IRS issued a statement on Saturday, April 25 saying that the agency has requested, but not required, thousands of employees to volunteer to return to work, and provided an offer for incentive pay. The IRS said: "No employees have been requested to return to work in a manner inconsistent with federal COVID-19 guidelines, and the requirement for employees voluntarily returning to the workplace to…
Missouri Department of Revenue extends tax filing deadline, allows additional time to renew driver licenses and motor vehicle registrations 2020-04-21 Mirroring the federal guidance issued by the Internal Revenue Service, the Missouri Department of Revenue announced today that it will provide special tax filing and payment relief to individuals and corporations in response to the COVID-19 outbreak. The Department is also implementing automatic extensions for expiring driver licenses and motor…
IRS is launching a tool that will provide the status of an Economic Impact Payment 2020-04-14 The IRS is launching a tool, at https://www.irs.gov/coronavirus/economic-impact-payments, that will let everyone check the status of their Economic Impact Payment, including the date it’s scheduled to be deposited or mailed. The tool will allow taxpayers who filed taxes without banking information to provide it to the IRS to receive an Economic Impact Payment faster.…
Missouri Department of Revenue Covid-19 Information Page 2020-04-07 https://dor.mo.gov/news/newsitem/uuid/ad40f685-6b65-4df0-b376-c473bd50261e Highlights: Individual and corporate income tax filing deadline extended to July 15, 2020.Income tax payment deadlines for individual and corporate income returns with a due date of April 15, 2020 are extended until July 15, 2020.This payment relief applies to all individual income tax returns, income tax returns filed by C Corporations, and income tax returns filed by trusts or estates.…
IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19 2020-04-07 The Treasury Department and the IRS launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
IRS Operations in Response to Covid-19 2020-04-07 The IRS has temporarily closed all Taxpayer Assistance Centers and discontinued face-to-face service throughout the country until further notice. The Practitioner Priority Service is closed now and will reopen when it can. Existing Installment Agreements payments between April 1 and July 15 are suspended. The IRS is continuing to process tax returns, issue refunds and help taxpayers to the greatest extent possible. Direct…
IRS Installment Agreements During Covid-19 2020-04-03 See https://www.irs.gov/newsroom/installment-agreement-direct-debit-frequently-asked-questions To help people facing the challenges of COVID-19 issues, the IRS through the People First Initiative, will temporarily adjust and suspend key compliance programs. For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. Taxpayers who are currently unable to comply with the terms of an Installment Payment Agreement, including a Direct Debit Installment…
IRS Operations During COVID-19: Mission-critical functions continue The IRS posted a web page on operations during COVID-19 at https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continue .
Department of Economic Development revised processing of Neighborhood Assistance Program and Youth Opportunity Program Tax Credits 2020-03-24 With a confirmed case of COVID-19 at the Truman Building in Jefferson City, all Department of Economic Development programs (Neighborhood Assistance Program, "NAP", and Youth Opportunity Program Tax Credits, "YOP") will now be accepting all applications and documentation digitally. Until further notice, faxes and mail will only be retrieved periodically. Tax Credit Certificates…
IRS increases the fee for Offers in Compromise to $205 2020-03-13 The increase in offer in compromise (OIC) user fee from $186 to $205 applies to offers filed after April 27, 2020. When an OIC is accepted, the user fee is either applied against the amount to be paid under the offer or refunded to the taxpayer if the taxpayer requests a refund pursuant to §300.3(b)(2). Offers based on doubt…