Monday April 13, 2020

Hello everyone, I hope you had a nice Easter!

New information for Individuals from both Federal and State of Michigan levels. This information is also found on our website thetaxauthority.com

Federal -- Economic Impact Payments

The $1,200 Individual stimulus payments from the Federal government will be issued soon thru the IRS. The fastest way to receive yours is via direct deposit and two new utilities are available at irs.gov to provide your information if the IRS does not already have it.

Filers: Get Your Payment

This is for taxpayer’s that filed a tax return but did not provide direct deposit information.

To add your banking information, you will need to provide your Adjusted Gross Income along with the refund or amount owed from your latest filed tax return.

Non-Filers: Enter Your Payment Info Here

For those clients that may know of someone who is a Non-Filer, this utility is available to give them the ability to obtain their $1,200 stimulus payment.

Michigan – Pandemic Unemployment Assistance (PUA)

Self-employed individuals can apply for benefits Monday April 13 at 8am online at michigan.gov.

If you previously applied and have been denied, login to your MiWAM account to complete the next steps for PUA federal benefits.

All newly eligible workers will need to provide proof of income to receive the maximum amount they are entitled. This could include W-2’s, 1099’s or paystubs. Owners of S Corporations have K-1’s and it is unknown at this time if they qualify.

Those already receiving unemployment benefits have begun receiving the $600 additional benefit.

Newly eligible workers will begin receiving their $600 payments as early as April 20.

UIA will be accepting claims back-dated to reflect the date on which you were laid-off due to Covid-19 and the $600 payment will be retroactive to March 28.

Claimants that experienced technical issues can now login and get connected to the tech team to resolve their problems.

That’s the latest update of what you need to know and I want to thank all of you that are emailing me what you are experiencing and applying for, it truly helps me help you.

Till the next update, stay safe
Shari