COVID Tax Updates

Heartland Tax Solutions- We're With You:

Daily updates and changes can be challenging to keep up with, especially as your day-to-day routine has likely pivoted, even if you work in an essential industry.  Don’t worry – you don’t need to be a tax expert – that’s what we’re here for. Every member of Heartland Tax Solutions team is dedicated to creating the right solution for every client, no matter how complex your situation may be. A thorough consultation enables our team to fully understand your tax scenario, goals, and pain points before suggesting a strategic path forward. 

424751_Heartland Tax - Photos_1-051019

Heartland Tax Solutions’ Quick to the Paycheck Protection Program (PPP)

The Paycheck Protection Program (PPP) is a loan plan from the CARES (Coronavirus Aid, Relief, and Economic Security Act). It is an approximately $350 billion initiative aimed to offer eight weeks of cash-flow aid to American small businesses via 100 percent loans backed by the federal government. The Small Business Administration (SBA) funds the loans

Tax Deadline Has Been Extended to July 15th

According to the IRS website,

“This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.

The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days.”

How to Get Your Stimulus Check:

If you haven’t finished your 2018 tax return, you file as soon as possible to get the correct payment. Submitting today can help you make sure that your bank account and home address details are current and there’s no doubt where the money will be going.

If you did not submit your refund by the time the checks go out, the federal government will use your 2018 AGI to calculate the payment.industry.  Don’t worry – you don’t need to be a tax expert – that’s what we’re here for. Every member of Heartland Tax Solutions team is dedicated to creating the right solution for every client, no matter how complex your situation may be. A thorough consultation enables our team to fully understand your tax scenario, goals, and pain points before suggesting a strategic path forward. 

IRS Informative Links

Testimonials

Ted D.

Heartland has been great to deal with. I feel confident that my tax situation is being handled professionally and in a timely manner. I have dealt with Michelle and Charmagne they are both excellent at what they do.

Darnell L.

Jessica and the team over at Heartland have been great to work with and do their best to get an arrangement that will work for your situation. It was great that they were able to communicate directly with the IRS for arrangements on our behalf!

P.O.

So thankful for the professionalism and knowledge they provided. Walked us thru, step by step. Very affordable. Would recommend to anyone. Reduced our tax debt and we finally paid off today.

Jacqueline S.

Danny, Charmagne, and Michelle were the best team ever! They were able to get me a $7700 abatement of penalties, a new payment for both my 2017&2018 taxes for a COMBINED monthly payment $1269 LESS THAN what i was paying for ONLY 2017/monthly. ALL IN A MATTER OF 24 HRS. They saved me thousands a year and it’s allowing me to now get infront of taxes so i can pay each current year quarterly and not get behind again! I highly recommend this company and especially this team! Thank you guys for swooping in and saving the day!!