The IRS will send out covid benefit stimulous payments to all taxpayers who filed a 2018 or 2019 tax return. If you income decreased in 2019 you may want to file that tax return with the IRS as soon as possible since that decrease may me you eligible when previously your adjusted gross income was
too high or if you want IRS to direct deposit in your US bank account (and that information was no on your 2018 form 1040).
Determine your benefit payments and the rules, cut off for high income, etc. in the FORBES MAGAZINE ARTICLE HERE
If you did not file a tax return you need to file it very soon. If your income was low and you were not required to file a tax return you can file a simple one now (to speed up process) or wait for the IRS to put up a website where you can register to receive it by direct deposit.
So far there is no limitation on making payments to those expats living and working abroad, though at some time in the future further rules or limitations may be anounced. Want to file a tax reutrn now. CONTACT US TO GET YOUR TAX QUESTIONNAIRE A FEE QUOTE.
Determine your benefit payments and the rules, cut off for high income, etc. in the FORBES MAGAZINE ARTICLE HERE
If you did not file a tax return you need to file it very soon. If your income was low and you were not required to file a tax return you can file a simple one now (to speed up process) or wait for the IRS to put up a website where you can register to receive it by direct deposit.
So far there is no limitation on making payments to those expats living and working abroad, though at some time in the future further rules or limitations may be anounced. Want to file a tax reutrn now. CONTACT US TO GET YOUR TAX QUESTIONNAIRE A FEE QUOTE.
