All Hands On Deck: Helping Taxpayers Navigate Impact Payments

In any other year, many tax professionals would be watching the calendar tick down to April 15 with the understanding that smoother sailing was on the way. But this is far from a typical year. Covid-19 continues to impact the U.S., with more than 400,000 cases reported, and no date for when the curve might flatten. That uncertainty has rocked the markets and caused financial insecurity among individual taxpayers.

The federal government is taking action, including through the CARES Act (Public Law 116-136), under which economic impact payments, or EIPs—stimulus checks—will be going out to taxpayers. That’s good ...