IRS “GET MY PAYMENT” Tool

The IRS Get My Payment information tool is now LIVE on the IRS website. Taxpayers can use the Get My Payment site to:

Check on the status of their Economic Impact Payment.

Confirm their payment type (direct deposit or mailed check).

Add their direct deposit information if it has not already been provided to the IRS.

Taxpayers will not be able to update their mailing address using the Get My Payment site as the IRS had previously announced. Economic Stimulus Payments will be mailed to the address filed on the 2019 tax return. If a 2019 return has not been filed, the IRS will mail the payment to the taxpayer’s address as filed on their 2018 tax return.

The Get My Payment site will require the users SSN, DOB, Street Address and Zip Code. It’s our understanding the user will have three attempts to enter this info as it appears on their tax return. After three failed attempts, it locks the user out for 24 hours. Due to high traffic volume, we would not be surprised if the site crashes at some point today. 

CARES ACT UPDATE

Economic Impact Payment Information

As the IRS prepares to issue approximately 175 million Economic Impact Payments, We have been working closely with the industry leaders to develop a strategy that gets refunds into taxpayer’s hands without creating a burden on tax professionals.

What your clients can expect?

A taxpayer who filed through your office and paid for tax preparation with the Refund Transfer, and qualifies for the Economic Impact Payment may receive their payment 1 of 2 ways. Note: This is information subject to change and we will provide updates once more details are available.

Taxpayer who selected Refund Transfer Direct Deposit

The IRS will issue Direct Deposit to the taxpayer who selected “Refund Transfer Direct Deposit” such as SBTPG DIRECT or REFUND ADVANTAGE ERD

Check mailed to the Taxpayer

An IRS-issued check may be mailed to taxpayers that selected any Refund Transfer option other than Direct Deposit options listed above.

Taxpayer’s who wants to update their bank info

The U.S. Department of the Treasury and IRS will launch the “Get My Payment” web application sometime this week. The FREE app—which will be found at IRS.gov (CLICK HERE)—will allow taxpayers who filed their tax return in 2018 or 2019 but did not provide their banking information on their return to submit direct deposit information. Once they do, they will get their Economic Impact Payments in their bank accounts quickly, instead of waiting for a check to arrive in the mail. “Get My Payment” will also allow taxpayers to track the status of their payment.

Mastering the Art of the First Impression

At National Tax Office, we want to put all our entrepreneur clients on the right track when starting a successful business. Since you’ll be meeting with potential clients of your own, one of the most critical things you need to keep in mind is the importance of a first impression. A first impression can make or break a visit with a client. A good entrepreneur will want to give off a feeling of confidence and competence to potential clients. Here are a few tips that you should follow if you want to make your business a success.

Start with a Firm Handshake

First meetings in professional relationships often start off with a handshake. When shaking hands, make sure to use a firm, complete grip and maintain eye contact. A loose, wimpy handshake can signify weakness. A firm handshake indicates to many people that you’re confident, trustworthy, and you have leadership qualities.

Be Courteous

You should always meet any potential client with courtesy and respect. Although most people know about this and try to be courteous, a person can be discourteous without even realizing it. One of the most discourteous things you can do is to constantly check your phone. Whether it’s to send a text or even just to check your mail, it sends a message to a client that you have more important things to do.

Use Positive Body Language

Just like how a good handshake can indicate favorable factors about you, using positive body language can do the same. Make sure your expressions and gestures remain positive. Keep a friendly tone of voice while you’re speaking. Also, maintain eye contact with your client while either of you are talking.

Be an Active Listener

Instead of spending more time thinking about what you’re going to say, make sure to actually listen when your potential clients speak. Don’t interrupt; listen to everything a client says. Also, be sure to ask questions to show that you’re paying attention and you’re interested in the conversation that’s going on.

Humanize Your Conversations

This is something that many professionals and businessmen can forget. Don’t be too stiff. Try to find some common ground in a topic that can be fun for you both (though taxes can be fun too!). Taking a few minutes to befriend and make a connection will go a long way toward turning your potential client into a client.

Contact Us Today!

For the entrepreneur who has paid attention and adhered to the tips, you’re one step closer to gaining the trust of your client and gaining repeat business. If you have any questions or comments, please don’t hesitate to contact us online or by phone at (844) 686-1040. We hope to hear from you soon!