IRS extends more tax deadlines, including Form 990-series returns and notices

Last month, the IRS announced that certain taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. The IRS has extended this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. The extensions apply to many forms and tax payments made by tax-exempt organizations, including: 

Form 990-series annual information returns or notices (Forms 990, 990-EZ, 990-PF, 990-BL, 990-N (e-postcard))

Forms 8871 and 8872
Form 5227
Form 990-T
Form 1120-POL
Form 4720
Form 8976

See Notice 2020-23 and Rev. Proc. 2018-58 for more information, including a complete list of affected forms, tax payments and other time-sensitive actions.

IRS operations during COVID-19: mission-critical functions continue

In response to the coronavirus (COVID-19) crisis, the IRS is continuing with mission-critical activities for the nation but is limiting some operations. To protect the public and employees, and in compliance with orders of local health authorities around the country, certain IRS services such as live assistance on telephones, processing paper tax returns and responding to correspondence are extremely limited or suspended until further notice. As a result, the following services related to Tax Exempt and Government Entities are suspended until further notice:  

Telephone customer accounts services
Some updates to Tax Exempt Organization Search

The IRS strongly urges taxpayers applying for recognition of exempt status under IRC Section 501(c)(3) to use the electronically-submitted Form 1023 or, if eligible, the Form 1023-EZ.

IRS.gov remains the best source for tax law questions. Continue to visit IRS.gov and our Charities and Nonprofits page for information, news, and educational resources about charities and other tax-exempt organizations. Refer to Revenue Procedure 2018-32 for more information for grantors and contributors to tax-exempt organizations on deductibility and reliance issues.

IRS updates on COVID-19 related issues are posted on IRS.gov/coronavirus.

The Families First Coronavirus Response Act (Families First Act) and The Coronavirus Aid, Relief, and Economic Security (CARES) Act

The Families First Act and the CARES Act provide considerable relief for exempt organizations, including grants, loans, tax credits, and other assistance.

Visit IRS.gov/coronavirus for the latest information about eligibility details and other requirements for the tax provisions under these Acts.

Acceptance of imaged and digital signatures and the electronic transmission of documents

As part of the response to the COVID-19 emergency, the IRS will temporarily allow employees to accept: 

Images of signatures (scanned or photographed) and digital signatures on documents related to the determination or collection of tax liability
Documents via email and to transmit documents to taxpayers using SecureZip or other established secured messaging systems

 This change expires July 15, 2020. Visit IRS.gov for details (PDF).

Annual revenue procedures 

2020-1
2020-2
2020-3
2020-5
Notable updates:

Added Section 2.04, which announced the electronic Form 1023.
Amended Section 6.08(2) to add that an organization applying for recognition of tax-exempt status after 27 months from formation under Section 501(c)(3) can’t use Form 1023-EZ if it seeks an effective date earlier than the submission date, but instead must file a Form 1023.
Amended Appendix A to reflect determination letter user fees as of July 1, 2020.
2020-0Notable update:

• Modified Rev. Proc. 2020-5 to provide that Form 1023 must be submitted electronically online at pay.gov. However, paper submissions of Form 1023 will be accepted if postmarked on or before April 30, 2020.

New mailing addresses for Form 941The mailing addresses for paper Form 941 have changed. Avoid delays by checking pre-printed envelopes to ensure the address is correct. You can also file and pay electronically for faster processing.

EO Internal Revenue Manual revisionsIRS recently obsoleted 57 Exempt Organization Internal Revenue Manual (IRM) sections, which are being converting to Technical Resource Guides. Information from these IRM sections can still be found on IRS.gov using the “Search” feature.

IRS extends more tax deadlines to cover individuals, trusts, estates corporations and others

WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 extends additional key tax deadlines for individuals and businesses.

Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes originally due on April 15. No late-filing penalty, late-payment penalty or interest will be due.

Today’s notice expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. Individuals, trusts, estates, corporations and other non-corporate tax filers qualify for the extra time. This means that anyone, including Americans who live and work abroad, can now wait until July 15 to file their 2019 federal income tax return and pay any tax due.

Extension of time to file beyond July 15

Individual taxpayers who need additional time to file beyond the July 15 deadline can request an extension to Oct. 15, 2020, by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004. An extension to file is not an extension to pay any taxes owed. Taxpayers requesting additional time to file should estimate their tax liability and pay any taxes owed by the July 15, 2020, deadline to avoid additional interest and penalties.

Estimated Tax Payments

Besides the April 15 estimated tax payment previously extended, today’s notice also extends relief to estimated tax payments due June 15, 2020. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, can wait until July 15 to make that payment, without penalty.  

2016 unclaimed refunds – deadline extended to July 15

For 2016 tax returns, the normal April 15 deadline to claim a refund has also been extended to July 15, 2020. The law provides a three-year window of opportunity to claim a refund.  If taxpayers do not file a return within three years, the money becomes property of the U.S. Treasury. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by the July 15, 2020, date.

IRS.gov assistance 24/7

IRS live telephone assistance is currently unavailable due to COVID-19. Normal operations will resume when possible. Tax help is available 24 hours a day on IRS.gov.  The IRS website offers a variety of online tools to help taxpayers answer common tax questions. For example, taxpayers can search the Interactive Tax Assistant, Tax Topics, Frequently Asked Questions, and Tax Trails to get answers to common questions. Those who have already filed can check their refund status by visiting IRS.gov/Refunds.

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IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments

IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments

WASHINGTON — The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft.

"We urge people to take extra care during this period. The IRS isn't going to call you asking to verify or provide your financial information so you can get an economic impact payment or your refund faster," said IRS Commissioner Chuck Rettig. "That also applies to surprise emails that appear to be coming from the IRS. Remember, don't open them or click on attachments or links. Go to IRS.gov for the most up-to-date information."

Taxpayers should watch not only for emails but text messages, websites and social media attempts that request money or personal information.

“History has shown that criminals take every opportunity to perpetrate a fraud on unsuspecting victims, especially when a group of people is vulnerable or in a state of need,” said IRS Criminal Investigation Chief Don Fort. “While you are waiting to hear about your economic impact payment, criminals are working hard to trick you into getting their hands on it. The IRS Criminal Investigation Division is working hard to find these scammers and shut them down, but in the meantime, we ask people to remain vigilant.”

Don’t fall prey to Coronavirus tricks; retirees among potential targets
The IRS and its Criminal Investigation Division have seen a wave of new and evolving phishing schemes against taxpayers. In most cases, the IRS will deposit economic impact payments into the direct deposit account taxpayers previously provided on tax returns. Those taxpayers who have previously filed but not provided direct deposit information to the IRS will be able to provide their banking information online to a newly designed secure portal on IRS.gov in mid-April. If the IRS does not have a taxpayer’s direct deposit information, a check will be mailed to the address on file. Taxpayers should not provide their direct deposit or other banking information for others to input on their behalf into the secure portal.

The IRS also reminds retirees who don’t normally have a requirement to file a tax return that no action on their part is needed to receive their $1,200 economic impact payment. Seniors should be especially careful during this period. The IRS reminds retirees – including recipients of Forms SSA-1099 and RRB-1099 −  that no one from the agency will be reaching out to them by phone, email, mail or in person asking for any kind of information to complete their economic impact payment, also sometimes referred to as rebates or stimulus payments. The IRS is sending these $1,200 payments automatically to retirees – no additional action or information is needed on their part to receive this.

The IRS reminds taxpayers that scammers may:

Emphasize the words “Stimulus Check” or “Stimulus Payment.” The official term is economic impact payment.
Ask the taxpayer to sign over their economic impact payment check to them.
Ask by phone, email, text or social media for verification of personal and/or banking information saying that the information is needed to receive or speed up their economic impact payment.
Suggest that they can get a tax refund or economic impact payment faster by working on the taxpayer’s behalf. This scam could be conducted by social media or even in person.
Mail the taxpayer a bogus check, perhaps in an odd amount, then tell the taxpayer to call a number or verify information online in order to cash it.

Reporting Coronavirus-related or other phishing attempts
Those who receive unsolicited emails, text messages or social media attempts to gather information that appear to be from either the IRS or an organization closely linked to the IRS, such as the Electronic Federal Tax Payment System (EFTPS), should forward it to phishing@irs.gov.

Taxpayers are encouraged not to engage potential scammers online or on the phone. Learn more about reporting suspected scams by going to the Report Phishing and Online Scams page on IRS.gov.

Official IRS information about the COVID-19 pandemic and economic impact payments can be found on the Coronavirus Tax Relief page on IRS.gov. The page is updated quickly when new information is available.

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IRS: crédito de retención de empleados disponible para muchas empresas afectadas financieramente por COVID-19

IRS: crédito de retención de empleados disponible para muchas empresas afectadas financieramente por COVID-19

WASHINGTON — El Departamento del Tesoro y el Servicio de Impuestos Internos publicaron hoy el Crédito de retención de empleados, diseñado para alentar a las empresas a mantener a los empleados en su nómina. El crédito tributario reembolsable es del 50 por ciento de hasta $10,000 en salarios pagados por un empleador elegible cuyo negocio ha sido afectado financieramente por COVID-19.

¿Mi negocio califica para recibir el crédito de retención de empleados?

El crédito está disponible para todos los empleadores, independientemente de su tamaño, incluyendo las organizaciones exentas de impuestos. Sólo hay dos excepciones: gobiernos estatales y locales y sus herramientas que les permiten trabajar y pequeñas empresas que solicitan préstamos.

Los empleadores que califican deben caer en una de estas dos categorías:

1. El negocio del empleador se suspende parcial o totalmente por orden del gobierno debido a COVID-19 durante el trimestre calendario.
2. Los ingresos brutos del empleador son inferiores al 50 por ciento del trimestre equivalente con el 2019. Una vez que los ingresos brutos del empleador superan el 80 por ciento de un trimestre equivalente con el 2019, ya no califican después del final de ese trimestre.

Estas medidas se calculan cada trimestre calendario.

¿Cómo se calcula el crédito?

El monto del crédito es el 50 por ciento de los salarios calificados pagados hasta $10,000 en total. Los salarios pagados después del 12 de marzo de 2020 y antes del 1^ro de enero de 2021 son elegibles para el crédito. Los salarios tomados en cuenta no son sólo pagos en efectivo, sino que también incluyen una parte del costo de la atención médica brindada por el empleador.

¿Cómo sé qué salarios califican?

Los salarios que califican se basan en el número promedio de empleados de una empresa en 2019.

Empleadores con menos de 100 empleados: si el empleador tenía un promedio de 100 empleados o menos en 2019, el crédito se basa en los salarios pagados a todos los empleados, independientemente de si trabajaron o no. Si los empleados trabajaron tiempo completo y se les pagó por el trabajo de tiempo completo, el empleador aún recibe el crédito.

Empleadores con más de 100 empleados: si el empleador tenía más de 100 empleados en promedio en 2019, entonces el crédito se permite sólo para los salarios pagados a los empleados que no trabajaron durante el trimestre calendario.

Soy un empleador elegible. ¿Cómo recibo mi crédito?

Los empleadores pueden recibir inmediatamente el reembolso por el crédito al reducir los depósitos de impuestos sobre la nómina que retuvieron de los salarios de los empleados por el monto del crédito.

Los empleadores elegibles reportarán sus salarios calificados totales y los costos de seguro de salud relacionados a cada trimestre en sus declaraciones trimestrales de impuestos sobre la nómina o el Formulario 941 a partir del segundo trimestre. Si los depósitos de impuestos del empleador no son suficientes para cubrir el crédito, el empleador puede recibir un pago por adelantado del IRS al presentar el Formulario 7200, Pago por adelantado de los créditos del empleador debido a COVID-19.

Los empleadores elegibles también pueden solicitar un adelanto del Pago por adelantado de los créditos del empleador al presentar el Formulario 7200 (en inglés).

¿Dónde puedo encontrar más información acerca del crédito de retención del empleador y otros esfuerzos de ayuda económica de COVID-19?

Las actualizaciones acerca de la implementación de este crédito (en inglés), las preguntas frecuentes acerca de los créditos tributarios para la licencia pagada (en inglés), y otra información se pueden encontrar en la página Coronavirus de IRS.gov.

Latin People News LPN: eNotification: Coronavirus Update #8

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From the City of Weston | Coronavirus Update #8 April 1, 2020 | 10:00 a.m.

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Social Distancing (and Washing Hands) Still the Best Way to Fight the Spread The City of Weston has issued Emergency Order 2020-07 effective at 12:01 a.m. on April 1, 2020, in an effort to further enforce social distancing. This order calls for the closure of all HOA/Condo common use recreational facilities. It does not affect homeowners that have such amenities at their own home. Specifically: Section 1: All pools, hot tubs, golf courses, tennis courts, basketball courts, fitness centers, gymnasiums and other common use recreational facilities, whether of a commercial or noncommercial nature, are closed for all purposes. Notwithstanding the foregoing, this order does not apply to sidewalks, streets and common mailboxes. In addition, notwithstanding the foregoing, this order does not apply to any pool, hot tub, tennis court, basketball court, fitness center, gymnasium or other recreational facility located: a) on a single family residential lot, or, b) at any townhouse, duplex, or villa, and which is for exclusive recreational or leisure use of the inhabitants of such individual dwelling unit. This order also adopts the emergency orders put into place by Miami-Dade County (Broward County's orders were already adopted by a prior order.) This streamlines the rules and regulations that are in place across both counties. These actions are being taken as measures to stop the spread of the Coronavirus during this public health emergency. We understand this is an inconvenience to residents but a necessary one for the health and welfare of our community and we thank you for your cooperation.   Read the full order at City of Weston Emergency Order 2020-07 Read more at WestonFL.org/Coronavirus.

"Safer at Home" Order Still in Effect A reminder that the Emergency Order 2020-05 ("Safer at Home" Order) is still in effect until the Local State of Emergency is lifted. The "Safer at Home" Order calls for residents to restrict outings to essential business only and allows for other specific essential tasks.  Parents - please review these guidelines with your children and teens. EXAMPLES OF WHAT IS PERMITTED: You can Go to the grocery, convenience or hardware store Go to the pharmacy Visit a health care professional for medical services that cannot be provided virtually (call first) Go to a restaurant for take-out or drive-thru Care for or support a family member or friend Take a walk, ride your bike, jog and be outdoors for exercise — with at least six feet between you and others Walk your pets and take them to the veterinarian Help someone to get necessary supplies Receive deliveries from any business which delivers This order defines the observance of social distancing practices and measures that any business exempt from closing will need to follow. Businesses are also responsible for prohibiting sick employees to enter the workplace. BSO and the City's Code Enforcement Officers are authorized to enforce all Emergency Orders that are in place.

It's Census Day! Take 10 Minutes to Impact the Next 10 Years It's important to make sure that everyone is counted. The Census will determine over 1.5 Trillion dollars in Federal funds, each year for the next 10 years, supporting over 300+ vital programs, including public health, emergency response, schools, hospitals, roads, transportation, public works, and more. Census data impacts how our governments respond to emergencies like today's Coronavirus crisis. *Visit my2020census.gov today.* It only takes a few minutes to make an impact over the next 10 years.

FREE Internet and Other Programs Available With the increasing need for internet access due to virtual learning and a large number of us working from home, several internet providers are offering free or reduced price programs. Find out if you qualify, click on "Free or Reduced Price Programs" at WestonFL.org/Coronavirus.

What to do if you are sick or have symptoms Call the Florida Department of Health at 954-412-7300 BEFORE visiting your health care provider.

The Coronavirus Outbreak In Florida: Daily Snapshot The Florida Department of Emergency Management (FDEM) is providing a daily snapshot of COVID-19 in Florida. Visit the Florida Department of Health: https://floridahealthcovid19.gov/ Scroll down and click "See the Report" to view the COVID-19 Daily Report. Here's the most recent report from March 31 at 10 a.m. Get the facts regarding the number of cases in our state. View Florida’s COVID-19 Data and Surveillance Dashboard

Latin People News LPN: Pagos de impacto económico

Latin People News LPN: Pagos de impacto económico: Pagos de impacto económico: lo que debe saber Verifique IRS.gov para información reciente: mayoría de personas no necesita tomar ninguna ...

Pagos de impacto económico: lo que debe saber

Verifique IRS.gov para información reciente: mayoría de personas no necesita tomar ninguna acción

WASHINGTON — El Departamento del Tesoro y el Servicio de Impuestos Internos anunciaron hoy que la distribución de los pagos de impacto económico comenzará en las próximas tres semanas y se distribuirán automáticamente, sin acción requerida por parte de la mayoría de las personas. Sin embargo, algunas personas de la tercera edad que típicamente no presentan declaraciones tendrán que presentar una declaración sencilla para recibir el pago.

¿Quién es elegible para el pago de impacto económico?

Los que presentan declaraciones de impuestos con ingresos brutos ajustados de hasta $75,000 para individuos y hasta $150,000 para parejas casadas que presenten declaraciones en conjunto recibirán el pago completo. Para los que presentan ingresos por encima de esos montos, el monto del pago se va reduciendo $5 por cada $100 por encima de los umbrales de $75,000/$150,000. Los solicitantes individuales con ingresos superiores a $99,000 y los que declaran en conjunto ingresos de $198,000, sin hijos no son elegibles.

Los contribuyentes elegibles que presentaron declaraciones de impuestos del 2019 o 2018 recibirán automáticamente un pago de impacto económico de hasta $1,200 para individuos o $2,400 para parejas casadas. Los padres también reciben $500 por cada hijo calificado.

¿Cómo el IRS sabrá a donde enviar mi pago?

La mayoría de las personas no necesitan tomar ninguna acción. El IRS calculará y enviará automáticamente el pago de impacto económico a aquellos elegibles.

Para las personas que ya presentaron sus declaraciones de impuestos del 2019, el IRS usará esta información para calcular el monto del pago. Para aquellos que aún no han presentado su declaración del 2019, el IRS usará la información de su presentación de impuestos del 2018 para hacer los cálculos de pago de impacto económico. El pago de impacto económico se depositará directamente en la misma cuenta bancaria reflejada en la declaración presentada.

El IRS no tiene mi información de depósito directo. ¿Que puedo hacer?

En las próximas semanas, el Tesoro planifica desarrollar una herramienta en línea para individuos para que provean su información bancaria al IRS en línea, así las personas pueden recibir sus pagos inmediatamente en lugar de cheques por correo.

Normalmente no tengo el requisito de presentar una declaración de impuestos. ¿Aun puedo recibir mi pago?

Sí. Las personas que usualmente no presentan una declaración de impuestos tendrán que presentar una declaración sencilla para recibir un pago de impacto económico. Los contribuyentes de bajos ingresos, personas mayores de edad, beneficiarios del Seguro Social, algunos veteranos e individuos con discapacidades que normalmente no presentan, no adeudarán impuestos.

¿Como puedo presentar la declaración necesaria para recibir mi pago de impacto económico?

IRS.gov/coronavirus pronto proveerá información con instrucciones acerca de cómo las personas en estos grupos pueden presentar una declaración de 2019 sencilla, pero necesaria, que incluye su estado civil tributario, numero de dependientes e información de depósito directo de su cuenta bancaria.

No he presentado mi declaración de impuestos para 2018 o 2019. ¿Aun puedo recibir un pago de impacto económico?

Sí. El IRS insta a cualquier persona que está obligada a presentar una declaración de impuestos del2018 o 2019 a que presenten lo más pronto posible para recibir un pago de impacto económico. Es importante incluir información bancaria para el depósito directo en la declaración.

Tengo que presentar una declaración de impuestos. ¿Por cuánto tiempo estarán disponibles los pagos de impacto económico?

Para aquellos preocupados por visitar a un profesional de impuestos o una organización comunitaria local en persona para obtener ayuda con su declaración de impuestos, el IRS enfatiza que estos pagos de impacto económico estarán disponibles durante el resto del 2020.

¿Dónde puedo encontrar información adicional?

El IRS publicará toda la información clave en IRS.gov/coronavirus tan pronto como esté disponible. El IRS tiene personal limitado en muchas de sus oficinas pero continúa comprometido en ayudar a los contribuyente elegibles a recibir sus cheques lo más eficientemente posible. Se insta a los contribuyentes a buscar información actualizada en IRS.gov/coronavirus o en lugar de llamar al IRS ya que el número limitado de asistentes disponibles están ayudando a procesar las declaraciones del 2019.

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