Did you receive Economic Impact Payments (EIP) one and two from the Internal Revenue Service? It is very important to communicate the dollar amount you have received thus far with your tax preparer for the completion of your 2020 tax return.
Sharing this information will save preparation time, help to expedite your return quickly, and assist in determining if you are entitled to the Recovery Rebate Credit if the full amount of the EIP was not previously received.
Please click here to learn more about the Economic Impact Payments.
Submitted by: Tamara Mercereau
Source: Internal Revenue Service