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Preparers divided over postponing filing deadline

Preparers divided over postponing filing deadline
accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.

Are you one of the 6 5 million who won t get a stimulus check this time?

Still waiting on the IRS?

Back Christanine Brodis gathered her tax paperwork in February including a 1099-G for state unemployment compensation and a W2-G for some gambling winnings at MGM Grand Detroit, the only bright spot in a money-losing 2020. But she’s looking at taxable income now. Brodis, 48, sent her forms to a tax preparer by encrypted email, talked on the phone in her living room on a cold Saturday morning and had her 1040 prepared remotely as part of COVID-19 precautions taken now through the Accounting Aid Society in metro Detroit. Now she waits and wonders. The Detroiter, who has been out of work during the pandemic, is expecting a tax refund of more than $4,500 for 2020 via direct deposit.

Schumer Announces Specifics Of American Rescue Plan

WASHINGTON, D.C. – Just back from Washington, U.S. Senator Charles Schumer announced, today, that ‘ help is on the way’ to New York and New Yorkers as he detailed specifics from the American Rescue Plan he just led to passage in the U.S. Senate. Schumer detailed the plan’s tentative impact to New York as $100 billion. The deal includes an additional round of direct stimulus checks, extends enhanced unemployment insurance benefits, will help solve New York State and Upstate New York municipalities budget woes. The assistance marks a not-too-soon moment of relief for countless families, workers, restaurants, more independent venues and small businesses across the state. As part of the deal, more than $23.8 Billion flows directly to New York State government(s) on top of increased education funding, transit funding and highways, vaccine distribution, COVID health funding, emergency rental and housing assistance and more included for New York in this bill.

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