Tax Year 2020

Note that the IRS does not:

• Call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer. Generally, the IRS will first mail a bill to any taxpayer who owes taxes.
• Demand that you pay taxes without the opportunity to question or appeal the amount they say you owe. You should also be advised of your rights as a taxpayer.
• Threaten to bring in local police, immigration officers or other law-enforcement to have you arrested for not paying. The IRS also cannot revoke your driver’s license, business licenses, or immigration status. Threats like these are common tactics scam artists use to trick victims into buying into their schemes.

Read the article at https://www.irs.gov/newsroom/how-to-know-its-really-the-irs-calling-or-knocking-on-your-door.

“The plan unveiled Thursday night by Senate Republicans to send direct cash payment to help Americans hurt by the coronavirus pandemic would send checks of up to $1,200 per person in a one-time payment — and payments would be based on income.” Click HERE to read the full article.

The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Oklahoma small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

Oklahoma businesses affected by the Coronavirus are asked to fill out the Oklahoma Department of Emergency Management’s Small Business Disaster Economic Injury Assessment survey by clicking HERE.

When SBA Economic Injury Disaster Loan applications are made available, the Oklahoma Department of Commerce will have staff available to assist small businesses with filling out the forms. Companies needing assistance with the application forms and economic development organizations providing assistance to businesses in their communities should contact Ray Little at ray.little@okcommerce.gov or 405-815-5227.

U.S. Department of the Treasury’s portal for coronavirus information and resources.

This is CNN’s live blog for the global coronavirus pandemic.

“The Trump administration wants to send direct cash payments to Americans in the coming weeks to help them cope with the economic ravages of the coronavirus, Treasury Secretary Steven Mnuchin said Tuesday, part of a massive economic stimulus package taking shape between the White House and Capitol Hill.” Click HERE to read the article.