Scott, Scott & Co, CPA, P.C.

3 more days until the May 17 tax deadline. Be sure to file your tax returns or an extension. (Payments are still due by May 17, even with extensions). Contact us if you need help!

IRS extends additional individual tax deadlines until May 17....specifically, 2020 IRA Contributions are included in this list.

https://governor.mo.gov//governor-parson-announces-individ

We're still accepting new clients for this tax season and can process returns with minimal contact as required. We utilize Microsoft and Google technologies for shared secure documents space for exchanging all client tax documents and tax returns. In person visits are available or you may drop off your tax return documents at our office (secure drop box available). Stephen P Scott, CPA and Harry Ambler CPA are available for consultation. Contact Stephen Scott, CPA at 314-98...4-9829 x11 or email [email protected]. Video conferencing available too, if needed. After hours appointments or phone consultation available. Small Business tax returns, as well as Individuals & Trusts. - Steve Stephen Scott, CPA President Scott, Scott & Co, CPA, P.C.

IRS Extends Filing Season: The IRS has announced that it will extend the filing season until Monday, May 17, 2021. This one-month extension is for filing and payment. Stay tuned as we confirm whether Missouri will follow in step.

COMING SOON: IRS Get My Payment The new IRS feature shows Economic Impact Payment date, and helps with direct deposit To help everyone check on the status of their payments, the IRS is building a second new tool expected to be available for use by April 17. Get My Payment will provide people with the status of their payment, including the date their payment is scheduled to be deposited into their bank account or mailed to them.... An additional feature on Get My Payment will allow eligible people a chance to provide their bank account information so they can receive their payment more quickly rather than waiting for a paper check. This feature will be unavailable if the Economic Impact Payment has already been scheduled for delivery.

When using new online tools in your business be sure to consider the security aspects by spending some time researching the product you plan to use.

Treasury and IRS Launch New Web Tool for EIP Registration The Treasury Department and the IRS launched a new web tool today allowing quick registration for Economic Impact Payments (EIP) for those who don't normally file a tax return. EIP Distribution Begins Next Week... The IRS also reminds taxpayers that Economic Impact Payments will be distributed automatically to most people starting next week. Get My Payment Tool Available April 17 To help everyone check on the status of their payments, the IRS is building a second new tool expected to be available for use by April 17. Get My Payment will provide people with the status of their payment and allow eligible people the ability to update their direct deposit information. Paper Return Processing Delayed The IRS also announced yesterday that they are not able to process individual paper tax returns since processing centers are closed. All taxpayers are urged to e-file their returns.

Social Security recipients will automatically receive stimulus payments.

Here's a link to the SBA's Payroll Protection Act Application Form. More information will be forthcoming..

Still Waiting on Guidance for FILING 'Simple Tax Returns' On Monday, March 30, the IRS indicated that those who normally aren’t required to file taxes will need to file a ‘simple tax return’ in order to get a stimulus payment. At this time, the IRS has not provided instruction on how this should be done. By filing these types of returns before you have IRS guidance, you may create more challenges for those taxpayers. In addition, the IRS also indicated it would provide a web-...based portal in the coming weeks for taxpayers to provide direct deposit information if they didn’t provide it on either their 2018 or 2019 tax return. This portal is not yet available. Taxpayers should be on alert for phishing scams that try to take advantage of this situation. We will provide more information on how to file taxes for those who need a simple return as soon as we receive it.