Podcasts about economic impact payments

Approximately one million taxpayers are automatically receiving special payments of up to $1,400 from the Internal Revenue Service (IRS). The money is being directly deposited into eligible people's bank accounts or sent in the mail as a paper check. The IRS said it's distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. People who missed one of the COVID stimulus payments or received less than the full amount were able to claim the credit. But the IRS said it discovered many eligible taxpayers hadn't done so. "Looking at our internal data, we realized that one million taxpayers overlooked claiming this complex credit when they were actually eligible," IRS Commissioner Danny Werfel said in a statement. The IRS said most taxpayers eligible for the federal stimulus payments, formally known as Economic Impact Payments, have already received them. The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 tax return but left the data field for the Recovery Rebate Credit blank or they filled it out as $0 when they were actually eligible for the credit. Eligible taxpayers don't have to take any action. The payments have been going out automatically since last December and should arrive by direct deposit or check by late January 2025. They'll be sent to the bank account listed on the taxpayer's 2023 return or to the address the IRS has on file. Payments vary, but the maximum amount is $1,400 per individual. The IRS has posted information online about eligibility and how the payment was calculated. The IRS is sending separate letters to eligible taxpayers notifying them of the special payment. This article was provided by The Associated Press.

The COVID-19 Economic Impact Payments were not the first time the federal government has provided fiscal support to Americans during a crisis, but they did have a different purpose. The goal wasn't to stimulate the economy but rather to offer “pandemic insurance”—money to pay bills and buy food for people who may have lost income due to the pandemic. In the latest episode of the Brookings Podcast on Economic Activity, Hamilton Project Director Wendy Edelberg and MIT finance professor Jonathan A. Parker discuss Parker's recent BPEA study on how those payments were spent (or not spent) and the on-going impact on the economy. Show notes and transcript: https://brook.gs/3zv6rmi The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to podcasts@brookings.edu.

The three rounds of Economic Impact Payments during COVID-19 were by far the largest direct stimulus payments made to American households. They were one of the main policy successes of the pandemic response in providing immediate support directly to households. What effect did these checks have on households and the economy? Should the program be replicated in future recessions—or better targeted? Melvin Stephens Jr., professor and chair of economics at the University of Michigan, and Michael Gelman, assistant professor of economics at Claremont McKenna College, join host David Wessel to discuss lessons learned about stimulus checks. Show notes and transcript: https://brook.gs/3z2wf9S  Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Google, or wherever you listen to podcasts. Send feedback email to podcasts@brookings.edu, and follow and tweet at @policypodcasts on Twitter.

This episode is also available as a blog post: https://tax-turbo.com/irs-sending-information-letters-to-recipients-of-advance-child-tax-credit-payments-and-third-economic-impact-payments/ --- Send in a voice message: https://anchor.fm/bobby-c-williams-jr/message

The Internal Revenue Service (IRS) has announced that taxpayers can begin filing their 2021 tax returns on Monday, January 24, 2022The Jan. 24 tax-filing start date for 2022 is 19 days earlier than 2021's start date of Feb. 12. At the same time, the IRS warns that the upcoming filing season could be frustrating for taxpayers and tax preparers alike due to pandemic-related delays, a backlog of unprocessed returns from 2021, and years of budget cuts that have made the agency's job more difficult. KEY TAKEAWAYSTaxpayers can begin filing 2021 tax returns Monday, Jan. 24, 2022, 21 days earlier than last year. The IRS has warned there could be delays in issuing refunds in 2022 due to issues related to the pandemic, budget cuts, and unprocessed returns from 2021. The tax agency cautions taxpayers to file as early as possible after Jan. 24 and to make sure they have their paperwork in order. The IRS suggests taxpayers look for help online and use phone lines only if necessary. The agency says if you file electronically, choose direct deposit, and, assuming there are no issues with your return, you should get your refund within 21 days. To avoid processing delays and speed refunds, the IRS urges people to follow these steps. Gather your 2021 tax records including Social Security number, Individual Taxpayer Identification Number, https://www.irs.gov/individuals/adoption-taxpayer-identification-number (Adoption Taxpayer Identification Number), and this year's https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin (Identity Protection Personal Identification Number) for calendar year 2022. Check IRS.gov for the latest tax information, including the latest on how to reconcile advance payments of the Child Tax Credit or claim a Recovery Rebate Credit for missing stimulus payments. Make sure you report correct amounts for any Economic Impact Payments or advance Child Tax Credits received in 2021. If you need help, use online resources such as https://mkgtaxconsultants.com/ (MKG Tax Consultants) registered return tax preparer Tax Filing Mobile App instead of calling. Calling the IRS should be a last resort. Even if you are not normally required to file a tax return, you need to do so in order to claim a Recovery Rebate Credit, to receive a tax credit from 2021 stimulus payments, or to reconcile advance Child Tax Credit payments. File electronically and request direct deposit. If you request an extension to file by April 18 (or 19), you have until Monday, October 17, 2022, to submit your 2021 tax return. You must pay your estimated taxes, however, by the regular tax filing deadline of April 18 (or 19) Things That May Delay Your RefundEven though you can file your tax return as soon as Jan. 24, 2022, by law the IRS cannot issue a refund involving the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The purpose of the law is to prevent fraudulent refunds from being issued. Download MKG Tax Consultants covid free Tax Filing Loan Originator Mobile App and Get Your Max Tax Refund https://mkgtaxconsultants.com/ (https://mkgtaxconsultants.com)

Micah asks if it is obvious we should have Universal Basic Income. Phil rants a lot. K Sera remains skeptical. Phil continues to rant. Micah predicts the future, K Sera expresses doubt, and Phil rants again. Note: This discussion was originally recorded in the very beginning of 2021, almost a year before the release of this episode. Show notes: https://en.wikipedia.org/wiki/Universal_basic_income Visit us at www.iiopodcast.fm to show support!   K Sera's After Thoughts: Sera: *doubt* Phil: Micah is a prophecy of the future person! Sera: *doubt intensifies* I'm not the best forecaster for what would actually happen if people were given UBI, but if I had to make a guess, I don't see UBI helping long term. It might provide temporary/immediate relief, and maybe that's what you need in that moment of desperation, trying to choose between paying rent and putting food on the table. Long term, though, supplying UBI is like taking an aspirin for cancer relief. Short term it might slightly alleviate the suffering, but that sickness and pain isn't gone. The Economic Impact Payments during the pandemic were helpful when things came to an economic standstill and millions of people were temporarily furloughed and relying on unemployment. Now, a year later, inflation has more than doubled. I'm looking at my most recent utility bill and see it has also doubled. Everything is more expensive and supply chains are in disarray. My wages haven't increased proportionally to inflation. In short… my budget needs to be overhauled and the next few years are looking potentially lean. While listening to this episode, or really any of our discussions involving our socio-political climate, I hear us putting a lot of blame for our unhappiness or dissatisfaction with our lot in life on the government or our society. That isn't necessarily undue, but it sure is easy to blame the complex and inexorable systems of our unwieldy populous than to put any effort into self reflection. Just saying. Adding UBI or universal healthcare or abolishing capitalism won't magically solve our discontentment.   Phil's After Thoughts: - After re-listening to this episode about 11 months after it was recorded I can proudly state that I am a moron. This is a classic example of Dunning-Kruger where I think I am smart but I am actually very dumb (especially about economics and finances). I am very ranty and very angry in this episode, and honestly I still am pissed to this very day. The literal “Billionaire” class is treating America like a toybox and our politicians are unfortunately not going to save us from the myriad of problems we face (rising poverty chief among them). - I pretty much ranted on three sides of this terrible triangle of hell. First, if we have UBI how many Americans would stop participating in life? If I had guaranteed income for life (despite how paltry) would I stop trying to improve myself and just be a total consumerist and provide zero positive impact to society? Basically, just live in my mom's basement and play MMORPG's like I'm 18, but forever? -Second, without UBI (at some level) we are going to start facing massive unrest to the point of becoming a failed state. The richest 1% own more SIXTEEN TIMES MORE WEALTH than the bottom 50% in America (as of Summer 2021). Eventually we are going to reach a tipping point where our consumer-based economy cannot consume because the rich have all the money. Once that happens, the rich will flee to a nice country while the exploited mass will suffer from an economic implosion. The only way to keep this stupid scheme going is to actually infuse more cash to the bottom, since ultimately poor people collectively will buy MILLIONS of things, and then they can't the factories will close and the snowball beings to roll. -Third (and final rant): UBI will be implemented wrong in the US. If it ever passes congress and the executive branch, whatever law that will be written that is meant for UBI will ultimately be so terrible that it would make our lives worse. My future prediction: they get rid of housing, child care, health care, social security, food stamps, heat/oil subsidies, tuition aid, and basically all the safety nets they (political-elite billionaire funded class) and they'll replace it with a measly 500 dollars a month. Then of course inflation will make it worth tremendously less year after year, to the point where it wouldn't even cover the cost of a cellphone bill. How do I know this? Because it's the same playbook how they treat Veteran Affairs, Social Security, and all the other programs that we (the people) pay into and look at how those funds are robbed and run in return. Our nation is a garbage fire and the worst part is that almost half of the voting population LIKE IT THIS WAY. -Fourth rant: all that being said, I think that things will eventually get better. Otherwise without blind and stupid optimism and naïve hope, the only other motivation we have is spite.

The Internal Revenue Service today encouraged taxpayers to take important actions this month to help them file their federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments. This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A special page, updated and available on IRS.gov, outlines steps taxpayers can take now to make tax filing easier in 2022. Here are some key items for taxpayers to consider before they file next year. Check on advance Child Tax Credit payments Families... For the written story, read here >> https://www.signalsaz.com/articles/getting-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2022/

The third round of Economic Impact Payments was authorized by the American Rescue Plan Act of 2021 as an advance payment of the tax year 2021 Recovery Rebate Credit. The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. We continue to send Economic Impact Payments weekly in 2021 as 2020 tax returns are processed. Payments will be sent to eligible people for whom the IRS did not have information to send a payment but who recently filed a 2020 tax return. Plus-Up Payments We are sending additional or plus-up payments to people who:... For the written story, read here >> https://www.signalsaz.com/articles/irs-updates-information-on-the-third-economic-impact-payment/

Andrew Belter and William Schmidt discuss some items that have been happening at Legal Aid of Western Missouri (LAWMO). Last year, LAWMO set up a help line for people needing help getting their stimulus/Economic Impact Payments.  An article about the help line went viral and LAWMO wound up getting hundreds of applicants.  Now, LAWMO has a grant for a stimulus attorney to assist applicants. Tune in to hear more details!

In the first of a two part series, Shanna Tingom is joined by CPA Aaron Blau to talk about recent tax changes and how they can affect your bottom line.First, Shanna and Aaron cover the rules around retirement distributions during 2020 - what you could take out, under what terms you have to pay it back, and how it will affect your taxes.We also cover economic impact payments (EIP's) for personal, and the economic injury disaster loans (EIDL's) for businesses.  While grant money is gone, loan money is still available under the right circumstances.   Next, Aaron explains the Paycheck Protection Program (PPP) and all of its various implications.Congress actually changed a number of rules around these different programs, often times in your favor, with potentially more to come.  This episode is definitely worth a listen.For more information:Find Aaron Blau at The Blau Company: https://blauco.com/Find Shanna Tingom at Heritage Financial Strategies: https://www.heritagefinancialaz.com/ 

In this legal thought episode, the attorney gives us a general overview of the Economic Impact Payments and other Tax Benefits available to those Experiencing Homelessness. If you enjoy this podcast, make sure to stay tuned for more episodes from the taxation, litigation and immigration Law Firm of Coleman Jackson, P.C. Be sure to subscribe, leave a comment, and rate our Legal Thoughts podcast on Apple Podcasts, Spotify, and Google Podcast. Visit the taxation, litigation and immigration law firm of Coleman Jackson, P.C. online at www.cjacksonlaw.com

The COVID-19 pandemic has been an economic disaster for many families and businesses. The U.S. Treasury Department, the Bureau of Fiscal Service and the Internal Revenue Service have issued several rounds of economic relief payments to those that qualify. Read the full article here: https://www.oflaherty-law.com/learn-about-law/u-s-economic-impact-payments O'Flaherty Law now serves over 105 counties across Illinois, Iowa, and Indiana. If you have any questions regarding a case or would like to speak to one of our attorneys after watching a #LearnAboutLaw video, give us a call at (630) 324-6666 or send us an email at info@oflaherty-law.com to get in contact with someone from our team. Subscribe to our channel for daily videos dedicated to all things law and leave a comment with any questions about this topic. Find us online for more legal content and to stay connected with our team - Website: https://www.oflaherty-law.com/ - LinkedIn: https://www.linkedin.com/company/oflahertylaw - Instagram: https://www.instagram.com/oflahertylaw - Facebook: https://www.facebook.com/oflahertylawGroup/ **None of the content in this series is intended as paid legal advice. In this video, we discuss the various Acts authorizing economic relief payments that have been enacted in response to the pandemic and eligibility, including the: Coronavirus Aid, Relief and Economic Stimulus (CARES) Act Tax Relief Act of 2020 American Rescue Plan Act of 2021

With the U.S. Treasury Department now completing the process of issuing the third round of EIPs, financial institutions must navigate a maze of federal and state garnishment protections. After looking at the protection provided by the three federal pandemic relief laws, we discuss the actions states have taken to protect EIPs and offer our thoughts on the approach banks should take when responding to garnishment orders and analyzing the impact of state laws, executive orders, guidance, and directives. Ballard Spahr Senior Counsel Alan Kaplinsky hosts the conversation joined by Lori Sommerfield, Of Counsel in the firm’s Consumer Financial Services Group.

Today, the 9th batch of Economic Impact Payments from the American Rescue Plan has arrived in the accounts of Americans. Also, a resource to check the status of your most recent Economic Impact Payment, if you have yet to receive it. Our Website: http://our-pac.com Legal: https://www.our-pac.com/about.html Join Our Mailing List: https://bit.ly/3hxxRxQ --- Send in a voice message: https://anchor.fm/ourunitedresourcepac/message

Michael Devine from the Internal Revenue Service was our guest on the Noon Hour on WKEI. Michael joined WKEI to discuss another year of the delayed filing date. If you haven't filed your taxes yet, you have until May 15th rather than the traditional date of April 15th. Michael Devine also discussed Economic Impact Payments and how they affect your taxes, making sure you file correctly if you received unemployment last year and the latest efforts scam artists are making to try to separate you from your money.

This week's podcast is hosted by Guinevere Moore. Listen in as Gwen interviews immigration attorney Vivian Kalaf and civil rights attorney Lana Nassar regarding taxation issues that arise in immigration cases, as well as how they teamed up to fight for all United States Citizens to be able to receive Economic Impact Payments under the CARES Act no matter who they are married to.

Today's Subjects: 1) April 15th is now May 15th 2) California still won't conform on PPP Loans 3) The American Rescue Plan 4) The IRS? There is an APP for That! Greenstein Rogoff Olsen & Co rcohen@groco.com 510-797-8661 www.groco.com Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline April 15th is now May 15th...News outlets are reporting https://www.wcpo.com/news/national/irs-to-delay-tax-filing-deadline-to-mid-may-says-reports California AB 80 in limbo: Now what? (03-15-21) Spidell PPP Loan conformity: On Friday, the Governor's office announced that AB 80 has been put on hold. AB 80, as initially drafted, would provide at least partial conformity to the federal provision allowing Paycheck Protection Program (PPP) loan borrowers to deduct expenses paid with PPP forgiven loan amounts. The state is awaiting additional guidance from the U.S. Treasury Department to see if AB 80 can be enacted. At issue is a provision in the American Rescue Plan Act that bans states who are receiving additional funding through the Act from using these funds to enact state income tax cuts. What this prohibition encompasses is a wide open question and the Governor and Legislature are waiting for guidance to see if AB 80 can actually be enacted. As an alternative, our sources report that the state might provide additional grants or other ways to help small businesses. (People are working on there tax returns right now!) We will keep you posted as soon as there are any further developments. In the meantime, we highly recommend that, unless we get guidance in time, you plan to send extension payments on the appropriate voucher to the FTB and pay an amount due based on the assumption that legislation will not be enacted. The Governor's press release can be found here: www.gov.ca.gov/2021/03/12/governor-newsom-legislative-leaders-issue-statement-on-additional-covid-relief-for-businesses-and-employees/ Individual tax provisions: Spidell • A $10,200 per individual unemployment insurance exclusion for the 2020 taxable year, only for households with modified AGI of $150,000 or less. Taxpayers who have already filed returns reporting 100% of their unemployment will need to supersede or amend their returns to get a refund; • A third round of Economic Impact Payments of $1,400 per individual and dependent (including dependents over age 17); • Extension of Pandemic Unemployment Assistance until September 6 with the $300 boost; • Increased and fully refundable Child Tax Credits and Dependent Care Assistance Credits for the 2021 taxable year; • An increased employer-provided dependent care assistance exclusion; • A five-year COD exclusion for student loan forgiveness; • An expansion and increase of the Earned Income Tax Credit; • Tax relief for excess advanced Premium Tax Credits received in 2020, and an increase in the Premium Tax Credit for 2021 and 2022; and • Six months of free COBRA benefits. Business tax provisions • Extension and expansion of the Employee Retention Credit; • Extension and expansion of the employer credits for paid sick and family leave benefits; • Credits for providing subsidized COBRA benefits; and • Restaurant revitalization grants to cover restaurant business losses. • To access the full text of the bill, go to: • www.congress.gov/bill/117th-congress/house-bill/1319/text Deloitte: Tax News & Views: https://dhub.blob.core.windows.net/dhub/Newsletters/Tax/2021/TNV/210310_1.html IRS2Go is the official mobile app of the IRS Check your refund status, make a payment, find free tax preparation assistance, sign up for helpful tax tips, and more! IRS2Go is available in both English and Spanish. https://www.irs.gov/newsroom/irs2goapp

This episode is also available as a blog post: https://paylesstax.com/2021/03/17/tax-tip-podcast-for-real-estate-professionals-90-million-economic-impact-payments-today/ --- Send in a voice message: https://anchor.fm/don-fitch/message

This episode is also available as a blog post: https://tax-turbo.com/millions-of-taxpayers-will-receive-their-second-economic-impact-payments-by-debit-card/ ✅GET Your Tax Preparation TODAY! ✅Not Happy With Your Previous Tax Refunds? Get Your FREE 3 Years Income Tax Review TODAY! ✅Need Cash Now? GET Your $6,000 Fast Cash Money Refund TODAY! Please Click The Links Below, We Will Accommodate Your Tax Needs. ✅Click Here

Coronavirus tax relief and the included Economic Impact Payments have created opportunities for criminals to create bogus schemes to attempt to take advantage of everyone. This year the IRS has focused on schemes that target taxpayers. With the possibility of more stimulus checks everyone is viewed as easy prey by these crooks. Now more than ever, we must all be on guard and be ready! With tax season starting soon, scams tend to increase with frequency as the criminals attempt to steal the money and personal information of taxpayers. I will discuss the dirty dozen scams and what is needed to protect yourself.

Economic Impact Payments will be hitting accounts as early as tonight --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/herwordshertruth/support

CONSPIRACY THEORY ANALYST, TOM HANKS, TRUMP JR, QUALIFICATIONS, YESHUA, JACK DORSEY, PROPAGANDA VIDEO, NADLER, BARR, DONALD, ECONOMIC IMPACT PAYMENTS, FEDERAL BLDG, PIZZAGATE, HEAVEN, MARIJUANA

This week we break it down about the CARES Act and talk about stimulus check. George shares some thoughts on how to think about that money when it hits your bank account. *CORRECTION*: In the show Thomas mentions that you need to have your 2019 taxes for direct deposit to work, but this is incorrect. 2018 filing information will also be considered for determining where to send stimulus payments. MORE INFO Stimulus Payment Calculators: https://www.kiplinger.com/tool/taxes/T023-S001-stimulus-check-calculator-2020/index.php https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/ IRS.gov Economic Impact Payments details: https://www.irs.gov/coronavirus/economic-impact-payments YNAB Budgeting Software: https://www.youneedabudget.com/ For a transcript of this episode and for some supporting graphics, go to: https://georgebthompson.com/ep3-what-to-do-with-your-stimulus-check Leave a question for George to address in a future episode at https://anchor.fm/set-4-life/message Browse his books at https://georgebthompson.com/books/ Visit his website at https://georgebthompson.com SOCIAL MEDIA Facebook: George: https://www.facebook.com/george.thompson Thomas: https://www.facebook.com/tzlukoma/ Instagram: George: @thompsongb - https://www.instagram.com/thompsongb/ Thomas: @tzlukoma - https://www.instagram.com/tzlukoma/ Twitter: George: @georgebthompson - https://twitter.com/GeorgebThompson Thomas: @tzlukoma - https://twitter.com/tzlukoma LinkedIn: George: https://www.linkedin.com/in/georgebthompson/ Thomas: https://www.linkedin.com/in/tzlukoma/ MUSIC CREDIT “Angels” produced by TZillA | https://www.beatstars.com/tzilla/feed

In this episode of Tech Intersect, I speak with Lynnette Khalfani-Cox, The Money Coach®. She is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom. Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show, CNBC and many more. A former financial news journalist, Lynnette now co-owns TheMoneyCoach.net LLC, a financial education company that she runs with her husband, Earl Cox. Together, they offer financial education consulting services, courses and workshops.Lynnette shares a treasure trove of information about navigating the stimulus package rules for individuals and small businesses and she shares sound strategies on managing your money and not only protecting but maximizing your credit rating even in times of crisis. We also talk about entrepreneurship and intrapreneurship where you can be entrepreneurial even in corporate America or academia. Time to listen, learn and leverage. Let's get started!Guest social assets: Blog: https://askthemoneycoach.com/blog/The Money Coach® University: https://askthemoneycoach.com/courses/ Links: Top Questions About Your Stimulus Payment with AnswersNew 401(k) rules under the CARES ActThe CARES Act Economic Impact Payments: Are You Eligible?Contact:Questions and requests: hello@techintersectpodcast.com Follow: Twitter @AtTechIntersect Instagram @TechIntersect Web: http://www.TechIntersectPodcast.com  Get early access and curated exclusive content: http://eepurl.com/gKqDyP Want early access to episodes, exclusive content including full show notes, live video chats and replays, a copy of e-books, webinars and access to courses in the Advantage Evans Academy? Subscribe to Advantage Evans™ Plus, Advantage Evans Premium™ or Advantage Evans Pro™Rapternal Music (Regulate and The Rabbit Hole) by Notty Productions is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.Produced by Tonya Evans for FYOS Entertainment, LLC, and Stephanie Renee for Soul Sanctuary, Inc.Support the show (https://tinyurl.com/techintersectvip)

Victoria and Jesse talk about the incoming Economic Impact Payments (aka the stimulus checks) and how they are impacting us now and maybe in the future. We also talk about what we plan to do with our bank account boosts. Please be sure to review us and give us feedback so we can create a better show for you! [Sounds from Zapsplat were used in this production: https://www.zapsplat.com] --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/icetandthehippogriff/message

Air Force Pararescue veteran Robert Owens completed some of the toughest physical challenges in the world- at 65 years old! We discussed his latest book, “Beyond Average: Developing Yourself Through the 20x Principle”. Marine combat veteran Arturo Weber and Dr Shauna Springer described how the Stellate Ganglion Block neck injection stopped his PTSD. And we share information about Economic Impact Payments, from Reporter Abbie Bennett and CPA Danny Hammond. See omnystudio.com/listener for privacy information.

Governor Whitmer joined fellow Midwest governors to reopen the economy in the Midwest region. KCHD Director Adam London asks business owners to start thinking about how to keep employees safe after they get back to work. The Internal Revenue Service and U.S. Department of the Treasury announce the launch of a Get My Payment tool. GRAM continues offering “Experience the Museum from Home” resources on its website and social media to keep art lovers engaged. Grand Rapids Civic Theatre Spring Classes begin on Saturday, April 18, in an online format. https://therapidian.org/covid-19-grand-rapids-thursday-april-16-updates Midwest Governors Announcement: https://www.michigan.gov/whitmer/0,9309,7-387-90499_90640-526088--,00.html Kent County Health Department COVID-19 Website: https://www.accesskent.com/Health/coronavirus.htm Kent County Health Department Facebook: https://www.facebook.com/kentcountyhealth Kent County Health Department Youtube Page: https://www.youtube.com/channel/UCcvJFR_4jHAVbVP02AO-DQA Coronavirus Tax Relief and Economic Impact Payments https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments Grand Rapids Art Museum "Experience the Museum from Home" Page: https://www.artmuseumgr.org/museumfromhome/ Grand Rapids Civic Theatre Covid-19 Page: https://www.grct.org/covid-19-updates/ Local residents are encouraged at this time to share their own stories and perspectives related to the COVID-19 situation on The Rapidian's platform. https://therapidian.org/

We recorded today's episode in the studio on Thursday afternoon (4/16/20) with Karen Poff, Senior Extension Agent - Family & Consumer Sciences Management, Housing & Consumer Education with Virginia Cooperative Extension. Karen also manages the Northern Shenandoah Valley Financial Education Program. On the show, Karen gave us answers to several questions she's been receiving about those economic impact payments that will be showing up (or have already) in bank accounts and mailboxes across the country. During the show, Karen mentioned several websites where you can get more information, or even submit your information to potentially speed up the process for receiving your economic impact payment. Those are listed below: IRS Non-Filers Web Portal: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here IRS Get My Payment Portal: https://www.irs.gov/coronavirus/get-my-payment Consumer Financial Protection Bureau (Economic Impact Payment Questions and Answers): https://www.consumerfinance.gov/about-us/blog/guide-covid-19-economic-stimulus-checks/ Social Security Administration (Benefits and Economic Impact Payment Information): https://www.ssa.gov/coronavirus/ Virginia Employment Commission (Regular Unemployment and Pandemic Unemployment Insurance): http://www.vec.virginia.gov/covid19 Small Business Administration (Paycheck Protection Program and Economic Injury Disaster Loans): https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp Lord Fairfax Small Business Development Center: https://lfsbdc.org/ Northern Shenandoah Valley Financial Education Program Facebook Page: https://www.facebook.com/nsvfinancialeducation Additionally, people whose income is less than $69,000 can file their taxes online for free. The IRS site states, “If your 2019 adjusted gross income was $69,000 or less, you may find one or more Free File Online options for you. Review each company's offer to make sure you qualify for a free federal return. Some companies offer free state tax returns; others may charge a fee.” Go here: https://apps.irs.gov/app/freeFile/ to find links to companies that participate. Karen also spoke briefly about opportunities for event the smallest small business owner like sole proprietors and independent contractors (1099 workers.) Below is the verbiage she mentioned during the show. Paycheck Protection Program: As of 4/13/2020, the Small Business Administration website states, “The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees. Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels.  Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. This loan has a maturity of 2 years and an interest rate of 1%.” More information is available through the Small Business Administration: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp. If you think you might want to take advantage of this option, discuss the criteria with your loan officer to be sure that you can meet all of the conditions. You will need to have clear records documenting that the loan proceeds were used for payroll. If you are not able to meet all the criteria and provide the correct documentation for loan forgiveness, your loan will not be forgiven. Individuals can apply for both PUA and PPP; however, once you receive a PPP loan, you will need to discontinue PUA. This is because with a PPP loan, you are basically hiring yourself back and thus are no longer unemployed. Taking advantage of both of these programs at the same time is not allowed because that would be considered ‘double-dipping.'

Well, the IRS changed the rules on the stimulus checks AGAIN!Just right now, during the evening of April 1, the IRS once again updated its stimulus check guidelines for retired individuals who are not required to file a tax return.Just to back up, last week the CARES Act was signed, approving $1,200 checks for many Americans.  Based on explicit language in the bill, everyone thought, OK, if you're on Social Security, you don't have to file a tax return because the IRS would make payments based on SSA-1099 information returns that the Social Security Administration already sends to the IRS each year.  They already know your numbers.Earlier this week, however, the IRS, in its infinite wisdom, put out language stating this, word for word: “People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.”They said that they would soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents, and direct deposit bank information.However, as of some time in the past hour,  they have now removed that language from their website, and now it reads as follows:Question: I am not typically required to file a tax return. Can I still receive my payment?Yes. 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.So as of right now, we have good news: 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. Recipients will receive these payments as a direct deposit or by paper check, just as they would normally receive their benefits.And I hope that this stands because it is absolutely pointless to make people who the IRS already knows how much they make file a tax return.