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During this unprecedented time, we are regularly updating our understanding of the tax effects of stimulus payments, including the second payment of up to $600.
Economic Impact Payment Update
Recent guidance assures us that the Recovery Rebate Tax Credit is applicable for both stimulus payments and that tax payers should receive a tax form for both stimulus payments. Currently, the IRS is working on a Get My Payment Tool to track both payments, and this should be up and running soon.
The Forde Firm is the non-profit plus accounting firm of choice in the North East Florida area. With specialization in Non-Profit entities, we have the expertise to ensure that your books and records are as they should be for donors, grantors and clients. We are able to provide services starting with general bookkeeping, all the way to an audit based on your individual needs. We have the network and resources to connect you with the team to help get things done! The Forde Firm is a full-service accounting firm, and we have clients in many industries. While we specialize in non-profits, we also have the expertise to prepare your personal or business tax returns as well. As a veteran-owned and woman-owned business we bring a unique perspective to your finances that allows us to advise you on high value accounting and tax services so you can make your business successful.