The coronavirus pandemic has affected families worldwide, many have lost their jobs due to the quarantine, losing the ability to keep their domestic expenses and leaving them in a challenging economic situation. Even the ones that kept their jobs were frequently victims of the uncertainty of having full control of their income.
This financial issue has put people into a very stressful situation
The US Congress set a legislation to help lessen the financial weight of COVID-19 on individuals and their families, however, this stimulus had a group of requirements that was not successful to guarantee, putting them aside from having some economic relief at the time.
During these difficult times, the IRS is still offering tax aid for the taxpayers, businesses, tax-exempt organizations and others that have been affected by COVID-19, this includes health plans.
Economic Impact Payment
Whether someone did not qualify for an Economic Impact Payment or got less than the full amount, they might be suitable for the IRS Recovery Rebate Credit, as long as they can verify, they actually meet the requirements.
This process has the potential to be very tricky because the application needs you to be “complete and accurate when you file a return”. This means, in case you didn’t get the full payment, you will have to know the exact amount you are missing while filling the request form.
Being accurate when providing this complex information can be difficult to do by yourself. It is expressly recommendable to look for professional help to make sure you are taking the right steps.
So, if you think you deserve more than what you got, don’t think about it twice and call America Tax Relief’s team, they are experienced in solving people’s financial problems. They will help you through the whole process to make sure you find the relief you need!