ALL U.S. Citizens:

ECONOMIC IMPACT PAYMENTS - WHAT YOU NEED TO KNOW PER THE IRS

For your convenience, here are several links from the IRS to help you understand further the Economic Impact Payments to ensure that every U.S. Person receive their aid. Click on the title to reach the IRS webpage.

• Coronavirus Tax Relief and Economic Impact Payments

• Economic Impact Payments

• See if you are eligible for an Economic Impact Payment

• Non-Filers: Enter Your Payment Info Here -

  • (not required to file, social security payments recipients, etc.). If you are NOT required to file a tax return, the IRS will set up a web-based portal to sign into to receive a stimulus check. The main requirement is to have a U.S. social security.

• Filers: Get Your Payment (Use the "Get My Payment" application) -

  • (coming mid-April) the IRS will establish a site for you to input your bank information so that you can receive the funds directly into your U.S. bank account, especially if you have not provided it to them in the past. If you do not have a U.S. bank account, they will mail you a check. However, if you do not have a U.S. bank account and you live abroad, you can create one here via the Americans Citizens Abroad. The account will be at the State Department Credit Union.

• If you moved since you last filed, let the IRS know your new mailing address.

• Economic Impact Payment Information Center

• Tax Scams/Consumer Alerts

• IRS Operations During COVID-19

• IRS Topics in the News

• Coronavirus (COVID-19)

• What the U.S. Government is Doing

• Coronavirus.gov Covid-19 Task Force

• CARES Act Rebate Calculator

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If you have questions or need further assistance, please be sure to contact us here. If you are self-employed in Belgium, click here from Tax Patria for more information on receiving aid.

Read our prior Newsletters with additional news updates on the Covid-19 in relation to U.S. taxation here. 

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Filing season 2020: Covid-19 updates

Stimulus payments (CARES Act)

• Most people do not have to take any action to get a payment. The IRS will use 2019 tax return information, or 2018 information if 2019 is not yet available.
• Taxpayers who are not required to file (NRTF) will be able to file a “simple” return to get a payment. Click here. 
• The IRS intends to develop a web-based portal for taxpayers to provide their banking information if they did not provide it on their tax return and wish to do so now. Otherwise, the IRS will mail the payment to the taxpayer’s address of record.

IRS news release IR-2020-61

Read additional information here on the following topics. The article will include additional information as well as IRS-sourced links to provide additional details.

• Emergency paid leave and employer credits (FFCRA)
• Employee retention credit (CARES Act)
• Penalty relief (FFCRA and CARES Act)
• Loan guidance and resources (CARES Act)
• Postponement of gift taxes

State / International Tax Relief Updates - Covid-19

If you need additional news concerning your home state, or foreign resident country, please click below to find out you can find additional tax and/or economic relief. 

• Country-by-Country Responses to COVID-19 
• TaxPatria provides information for Belgium taxpayers
• State-by-State Responses to COVID-19
• A Visual Guide to Unemployment Benefit Claims

• State tax implications of phase three relief

• Supporting America’s Healthcare System in the Fight Against COVID-1​

Need a tax consultation?

Please contact us if you wish to arrange for a time to speak concerning your tax situation. In-person appointments in Brussels have been cancelled until further notice. We can conduct telephone/video consultations. Appointments in Brussels can be made here. 

Or you can contact us by email with any questions or concerns for this tax season. 

Check website for more news ... www.mirtaxes.com

Pray for those infected and deceased of the Covid-19 disease. RIP.