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Showing posts from May, 2020

People are throwing out their stimulus money

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Admittedly, distributing economic recovery payments to 150 million taxpayers in record time is hard, but the Treasury program has suffered its share of setbacks. After sending payments to dead people and ten-year-olds, the government is now mailing prepaid debit cards to taxpayers for whom the IRS has no bank information, and people are apparently throwing them out. To be sure, there is good reason that the cards don't arrive in envelopes boldly proclaiming "your cash is here" but they are arrive in anonymous envelopes looking much like junk mail and the cards themselves have a generic look that could lead someone who is not paying much information to toss them in the trash. According to news reports, including MarketWatch , some people have had to fish the chopped-up pieces out of the coffee grounds to reassemble then. If you haven't gotten your payment yet, by direct deposit or by mail, visit the IRS Get My Payment tool to check whether one has been processe...

Tom Bridgman, EA

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Tom joined Brent Financial Group in 2008 and has been preparing individual, small business, and nonprofit tax returns since 2003. He took over as director of tax operations in 2015. Previously, he was a programmer with IBM Research in Yorktown Heights, New York.   Tom is licensed to practice before the Internal Revenue Service and is an active member of the NY/CT Association of Tax Professionals and the National Association of Tax Professionals. He received a bachelor's degree from Pace University and a certificate in financial planning from Marist College. He and his daughter live in Wappingers Falls.