INTERNATIONAL MUTISERVICE AGENCY

Last day to file your taxes, we can still file an extension for you. !! Call us.
832-382-9101, 713-591-3583

Got es la fecha límite para enviar sus impuestos. Todavía tenemos tiempo de enviar una extension. Llámenos y nosotros les ayudamos 832-382-9101, 713-591-3583

Here is the most recent information regarding the Stimulus checks.
Santa Barbara Tax Products Group
ECONOMIC IMPACT PAYMENT
How the IRS will issue payments to TPG clients
** PLEASE NOTE: INFORMATION IS CHANGING FREQUENTLY AND IS SUBJECT TO CHANGE**

As the IRS prepares to issue approximately 175 million Economic Impact Payments starting as early as April 9th, TPG has been working closely with the IRS and industry leaders to develop a strategy that gets refunds into taxpayer hands without creating a burden on tax professionals.

We will continue to update our website as more details are available.

What your clients can expect
Economic Impact Payments disbursed 1 of 2 different ways
Taxpayers that filed through your office, paid for tax preparation with the Refund Transfer, and qualify for the Economic Impact Payment may receive their payment 1 of 2 ways. Note: This is information subject to change and we will provide updates once more details are available.

1 - Check mailed to taxpayer
An IRS-issued check may be mailed to taxpayers that selected any of the following disbursement options through your office:
Cashier's check
Walmart MoneyCard
Walmart Direct2Cash

2- Direct deposit
The IRS will issue a direct deposit to taxpayers that:
Selected direct deposit
Taxpayers with Social Security

On Wednesday the IRS and Treasury Department announced that taxpayers receiving Social Security benefits who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. These payments will be automatically deposited into their bank accounts.
When to expect payments

On Monday the IRS and Treasury Department announced payments would begin within 3 weeks. The IRS has indicated they may begin issuing direct deposit and check payments as early as April 9th with taxpayers is beginning to receive payments as early as the week of April 13th.*

* Information is extremely fluid and changing frequently.

To all of my clients, in an effort to keep you updated on the current stimulus funds from the government, heres the most current information we have. I will continue updating you as we receive more information.

CARES Act Update
Coronavirus Stimulus Payment Information
Last updated: Mar. 28, 2020 10:24 am
On Friday, March 27, 2020 the President signed the CARES Act providing Coronavirus relief to individuals, businesses, the health care industry, and state & local governments.

This page will be updated as more information is available about how the stimulus payments will be issued to taxpayers. Visit the IRS Coronavirus Tax Relief page for the latest information.

Answers to Common Questions


How will I receive my stimulus payment?

We are currently working with the IRS to determine how the stimulus payments will be issued. We will update this page when more information is available. According to this message on the IRS website the IRS will notify taxpayers when more details are available:



"At this time, the IRS does not yet have any information regarding stimulus or payment checks, which remain under consideration in Congress. Please do not call the IRS about this. When the IRS has more specific details available, we will make it available on the special coronavirus page."



What do I need to do to receive a stimulus check?

There is nothing to do if you filed a tax return for 2018 or 2019 or if you have received Social Security or veteran's benefits in 2018 or 2019. If you have not filed your 2018 or 2019 return the IRS recommends that you file back taxes for 2018.



How much will I receive?

The amount you are eligible to receive is determined by your Adjusted Gross Income (AGI). The IRS will look at your 2019 return first. If you have not filed a 2019 return, the IRS will use your 2018 AGI to determine eligibility.

The stimulus plan indicates the following maximum amounts are available depending upon filing status and income. Qualified recipients will also receive $500 for each qualifying dependent under age 17.



When will the stimulus payment be issued?

The IRS has not announced when the stimulus payments will be issued. We will update this page once more information is available.

Filing Status AGI Amount Maximum stimulus amount
Single $75,000 or less $1,200
Married filing joint $150,000 or less $2,400
Head of household $112,500 or less $1,200
Dependents under 17 N/A +$500 per dependent
Stimulus payments will start to phase out for single filers making more than $75,000, $112,500 for head of household filers and $150,000 for joint filers. The stimulus payments will phase out entirely at $99,000 for singles, $136,500 for head of household, and $198,000 for joint filers.



Will the IRS call me asking for my bank account information?

No, the IRS and other government agencies will never call asking for your Social Security Number (SSN) or banking information. Do not provide your SSN or bank account information to anyone calling you and claiming to be from the IRS or another government agency.



Will the IRS text or email me asking to verify my bank account information?

No, please beware of phishing schemes from identity thieves claiming to be the IRS or another government agency. Do not click on a link or email if you do not recognize who it is from. The IRS will never text or email you asking to provide your bank account information or verify your bank account information.



Am I required to sign up or pay a fee in order to receive a stimulus payment?

No, please beware of phishing schemes from identity thieves claiming to be the IRS or another government agency. You are not required to sign up or pay a fee in order to receive a stimulus payment. Please visit the IRS website for more details.