What should I do to return an Economic Impact Payment (EIP)? (updated May 11, 2020)

You should return the payment as described below….

Employers should keep records of pay to employees who are at home, but not working.  This payroll may be eligible for exclusion in the calculation of your workers compensation premium….

This week, the Treasury Department and IRS announced that distribution of economic impact payments (stimulus payments) will begin in the next three weeks…

Over the past week, we have heard from many of you with questions regarding the tax filing deadline, government stimulus plans, resources for businesses, and our office availability.  We wanted to take a moment to send a note addressing these questions…

Today, the US Treasury announced that they are moving Tax Day from April 15 to July 15, giving all taxpayers and businesses an additional three months to file and make payments without interest or penalties. The new deadline announced applies to federal income tax returns and payments only. We will monitor if states follow with similar filing deadline extensions….