Answers to tax questions are just a few clicks away on IRS.gov

There are many easy-to-use tools on available on IRS.gov. Even better, they are available 24 hours a day. These tools help people file and pay taxes, find information about their account and get answers to tax questions.
 
Here are a few things that people can do with a quick visit to IRS.gov.
 
Filing a tax return 
Taxpayers who earned $69,000 or less in 2019 can file using free brand-name tax software with IRS Free File. People who earned more and want to do their own taxes can use Free File Fillable Forms. These are the electronic version of IRS paper forms. Either way, everyone has a free electronic filing option.
 
The deadlines to file and pay 2019 federal income taxes are postponed to July 15, 2020. If they need more time to file taxpayers can use IRS Free File through July 15 to electronically request an automatic extention to file until Thursday, October. 15. Taxpayers should remember that an extension of time to file is not an extension of time to pay. Penalties and interest may apply to taxes not paid by July 15.
 
Taxpayers can choose to get an extension by paying all or part of their estimated income tax due and indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System, or a credit or debit card. This way they won’t have to file a separate extension form and will receive a confirmation number for their records.
 
Pay taxes online
Taxpayers can file now and schedule their federal tax payments up to the July 15 due date. They can pay online, by phone or with their mobile device and the IRS2Goapp. Electronic payment options are the optimal way to make a tax payment to support social distancing and speed the processing of payments. This includes IRS Direct Pay, electronic funds withdrawal, and payment by debit or credit card.
 
View federal tax information online
Taxpayers can go to IRS.gov/account and securely access information about their federal taxes. They can access their tax records, review their payment history, and view tax return information for the current year’s tax return as originally filed.
 
Get answers to tax questions
The Interactive Tax Assistant tool can help taxpayers get answer many tax questions.
 
Get answers to Economic Impact Payment questions
There is a special section of IRS.gov where taxpayers can find information about their Economic Impact Payment. Both of these tools are available in English and Spanish.
 
 • Get My Payment – People should use this to check payment status and see the payment type. In some cases taxpayers may be able to provide bank account information for direct deposit.
 
 • Nonfilers: Enter Payment Info Here - This free tool allows eligible people who don't normally file taxes to easily and quickly provide information to register for their payment. Do not use this tool if you are required to file a 2019 tax return.
 
More information:
Economic Impact Payment FAQs
Get My Payment FAQs
 
"Tax Tips" are published to provide current tax information, tax-cutting suggestions, and tax reminders. If you would like more information on anything in "Tax Tips," or if you'd like to be on our mailing list to receive other tax information from time to time, please contact our office.
 
The tax information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.
 
We are trusted CPA advisors servicing Burr Ridge, Hinsdale, Willowbrook, Darien, Naperville, and all Chicagoland area. 

Do you need assistance with your business and/or personal tax returns? Would you like to have a trusted source for your accounting, allowing you additional time to focus on increasing your business? Do you use QuickBooks, or plan to in the future, for your accounting? We include these in all our service packages, customized to fit your personal or business needs.   
 
We are currently accepting new clients. Your initial consultation is free, so you have nothing to lose and everything to gain. Our experienced staff is available to help you streamline your accounting, giving you more free time for yourself. Set up an appointment today by calling (630) 320-3720 or email us at [email protected]. 
 
For more free resources, such as Tax Rates, Tax Organizers, and Record Retention Schedules, access our website www.monarchaccountinggroup.com.

Monarch Accounting Group, Inc
145 Tower Drive, Suite 4
Burr Ridge, IL 60527
Phone (630) 320-372