The IRS is sending money to Americans as part of the Coronavirus Aid and Economic Security Act which some people have already received in their bank accounts.
The Wisconsin Public Service Commission voted 3-0 on Friday to give customers their share of $130 million in credit overcharges as a result of last years Federal Tax reform.
Most people think the IRS is like big brother and watches everything that comes in their way. The truth is only about 1% actually get audited. That doesn't mean you should go crazy and write off everything, but if you are filling out a schedule C, there are things the government looks for that they consider a red flag.
Even before we're of age to need to pay taxes in this country, the deadline date is seared into our conscious: April 15 is the date that those long, short, or EZ forms are due. No exceptions.
April 15 is tax day (unless of course it falls on a Saturday, Sunday, or a federal holiday). Miss the deadline and you'll be hit with a penalty, right? Not always.