DALLAS, Texas .- This year we will have to wait a little longer to render accounts to the Internal Revenue Service (IRS). Due to the coronavirus pandemic, they have had to postpone the scheduled date for the start of the tax season due to updates with the software that allows the presentation of tax reports.
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The IRSYou will start accepting tax returns just recently next February 12 and no longer during the month of January as was customary.
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A situation that, according to Mireya Ovalle, a tax preparer, would affect some taxpayers. “(The IRS) was already starting to process (the returns) by now, (and the people) were already waiting for the money next week to receive the money but imagine on the 12th they will start to process them.”
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In Ovalle’s office, he told Noticias 23, the phones have not stopped ringing because many are asking about the economic stimulus check. The big question is whether that money will have to be replaced. “It is a gift, we are going to put the word in this way, an economic aid that the government is giving us,” said the tax preparer.
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According to IRS spokeswoman Irma Treviño, this year there will be a specific question about the two stimulus payments. “Form 1040 has a special line, line 30, of economic impact that if you are a taxpayer, you did not receive those payments now it is your responsibility,” he added.
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“Mixed” families, where one has social security and the other has ITIN qualify for the second stimulus payment in addition to their refund, Treviño said.
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During 2020, the State of Texas suffered a considerable rise in unemployment insurance requests, up to 13.5%, so in this year’s declaration, the people who received it must report it in their declarations. “This money, this unemployment compensation is taxable and has to appear on the tax return,” added the IRS spokeswoman.
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To file your taxes for free, the Internal Revenue Service has assistance programs for low-income people like the ‘VITA’ program. To qualify, you must earn less than $ 57,000 per year, have a disability, not be fluent in English, or be over 60 years old.
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