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Washington News
On April 7, 2021, the Internal Revenue Service and the U.S. Department of the Treasury announced that another 25 million Economic Impact Payments (EIPs) had been distributed. The total distribution now is 156 million payments with value over $372 billion.
The fourth batch of payments included 19 million checks or deposits worth $26 billion. This block of payments went to Social Security beneficiaries who did not file a 2019 or 2020 tax return and did not use the Non-Filers tool on IRS.gov.
There were also three million payments worth $5 billion that went to Supplemental Security Income (SSI) beneficiaries and nearly 85,000 payments worth $119 million to Railroad Retirement Board (RRB) recipients.
The IRS is reviewing data from the Department of Veterans Affairs (VA) about individuals who receive Compensation and Pension (C&P) payments, but do not normally file a tax return. It will process these filings and make payments on April 14. The VA beneficiary information should be available next week on the Get My Payment tool.
85% of EIPs have been made through direct deposit. This is the most rapid and secure...
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Quentin Charles Douglas was the firstborn child in a large family. Throughout his childhood, Quentin's parents worked hard to put food on the table for their children. They also instilled in Quentin...More |
Private Letter Ruling
Organization filed Form 1023 for exemption from federal income tax under Sec. 501(c)(3). The Articles of Incorporation state Organization is organized exclusively for charitable, educational,...More |
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