The Last Big Push

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, the IRS is pushing to finish distributing payments to people who have yet to receive relief funds authorized earlier this year.

Questions:

  1. What is the act that provides for these stimulus checks?
  2. What is the deadline that the IRS set for people to use the non-filers tool?
  3. What is the estimate of the number of people that have yet to collect a stimulus payment, because they don’t typically file a tax return, according to the agency?  

Source:

Singletary, M. (2020). The IRS is making a final push to get stimulus payments to millions of Americans. The Washington Post, Oct. 26 (Retrievable online at https://www.washingtonpost.com/business/2020/10/26/stimulus-check-deadline-extended/)