The IRS will stop past-due balance notices until it catches up on paper returns.
Checks not cashed by the IRS-Do not stop payment, they may still be opened.
Payments will be considered when received by IRS, not when opened.
Click Here for IRS Virus Q&A
Click Here for Non-Filers Stimulus Payments
Click Here to Check on Stimulus Status
Home Loans or Sole Proprietor Loan
Unemployment for Sole Proprietorship
Please note: Two types of EIDL (Economic Injury Disaster Loans):
One is a loan for 30 years, payments deferred for one year.
The other is the EIDL Advance, with payments forgivable.
Presently, the EIDL Advance is out of funds. If funds become available we will process applications we have on file.
COMING FOR 2020 TAX YEAR:
Declaring Virtual Currency
Charitable Contributions of $300 without itemizing
Deferral of SE taxes
Line 30 for Stimulus (no instructions yet, perhaps means of distributing if not received)
Thank You for Visiting Fox Tax !!
Use the "Client Contact" link on the navigational bar to send and receive date, and for payments.
We hope your visit will be a helpful, informative, and offer a resourceful tool,
for you, our valued clients and visitors.
As you browse
you will see that we have kept it simple yet possible to address the most complicated issues.
In addition, we have provided for
your use many links to external web sites that we felt would be of interest
to our clients and visitors.
Use the "Internet Links" on the navigation bar for access to important sites.
Phone scams, e-mail scams, mail scams, etc.:
They are everywhere. If you receive one do not reply and contact our office or simply hang up. The IRS does not threaten
to send the police to collect taxes. If you owe the IRS you will receive notification via the mail, usually several times,
and eventually certified mail. Never under any circumstance give any data or information over the phone. In short, disregard
all phone calls and forward all written notices to our office.
Marketplace: Usually if you receive your Marketplace form 1095-A after filing your taxes and do not receive an IRS notice
you probably are due a refund. If your Marketplace notice results in owing the IRS, you will receive an IRS notice and your
refund will be held until Marketplace forms are submitted. Either way, mail or bring in your Marketplace form 1095-A to our
Financial Planning (Basic): You should have 6 months of expenses in cash savings in case of an unforeseen event. Only about
28% of US citizens have this set aside, and many only have $500 set aside. Early distributions from an IRA. etc., can result
in additional taxes of 35% to 65%. The penalty applies to Federal and State returns.
Visit the US debt Clock (also Homes, Autos, Energy, Gold, etc.)