Robert Loe CPA

IRS Commissioner Requests Help from Tax Pros

The IRS Commissioner, Charles Rettig, recently contacted NATP Executive Director, Scott Artman, with an appeal for help from the nation’s tax professionals. His message stressed the importance that the taxpaying public is made aware of the Economic Impact Payments that are currently available to millions of qualifying Americans.

The IRS has created flyers for you to share with your clients, to post on your website and social media sites and to share in whatever ways you can with members of your community.

We appreciate that the IRS looks to NATP and other tax prep associations to spread this message. We strongly encourage you to share the information on these important payments. To stay up-to-date on all the latest tax news and office resources to help you and your clients navigate the coronavirus situation, visit our COVID-19 Resource site.

Below is Commissioner Rettig’s letter:

Scott,

At the IRS, we are soon going to be coordinating the delivery of Economic Impact Payments in the amount of $1,200 to every eligible American. As you know, things are moving fast in a most difficult environment and we want to get this right, from every perspective.

I’ve long viewed “tax administration” as the responsibility of everyone on behalf of everyone else. In this regard, we believe the assistance of the NATP community is critical to the overall success of getting these $1,200 payments out to all eligible individuals.

The IRS has strong support from the national, state and local tax communities, general and tax-related media, state and local tax authorities, etc. However, we need to reach beyond our normal contacts to reach many lower income, non-filers, military, veterans, ethnic and homeless communities who are not in the system and might otherwise not step up to provide information that would enable the IRS to generate the payments on their behalf. We need to mobilize these communities in a significant manner, with the full support of the IRS throughout.

I have attached some information that can be shared now. Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead, payments will be automatically deposited into their bank accounts. People with an adjusted gross income of up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full $1,200 payment and up to $500 for each qualifying child. The IRS will use the information on the Form SSA-1099 or Form RRB-1099 to generate Economic Impact Payments to recipients of benefits reflected in the Form SSA-1099 or Form RRB-1099 who are not required to file a tax return and did not file a return for 2018 or 2019. This includes senior citizens, Social Security recipients and railroad retirees who are not otherwise required to file a tax return

By early next week we will have specific information available about how people can go online to provide information (others could file an informational “zero” return) and, if they also provide banking information, they could receive their Economic Impact Payment quickly by direct deposit. Others, would receive a paper check.

We’d appreciate you and the NATP members thinking creatively and circulating the attached information and additional information we will soon be providing far and wide, and especially providing assistance in getting this information beyond our normal tax-related outlets.

We need to spread this information quickly, into every local community – feel free to forward this email to your friends and colleagues.

Thanks, stay safe and heathy!

Best,
Chuck

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