UPDATED APRIL 30, 2020

Beware!  Scammers and criminals are out in full force now that President Trump has signed into law the CARES Act. Scammers are sending out emails similar to this one LSL Partner Pam Bustos received:

The IRS will NEVER reach out directly to you via text, phone calls, or emails to request any information.

The Treasury Department and the Internal Revenue Service are committed to start getting the economic impact payments into taxpayers’ hands beginning in the next three weeks and will be distributed automatically, with no action required for most people.

For taxpayers eligible to receive the economic impact payments, the economic impact payment will be deposited directly into the same banking account reflected on the return filed (based on either 2018, or 2019 if filed already). To determine your eligibility and check your refund status, visit IRS at: www.irs.gov/coronavirus/economic-impact-payments. Click on “Get My Payment” to check your eligibility as well as provide banking information directly to IRS. This will allow for direct deposit and avoid the lengthy process of mailing a physical check. Alternatively, click on “Non-Filers: Enter Payment info here” if you are not required to file a 2018 or 2019 tax return. You should expect to see a payment status notification once all pertinent information has been provided:

As a reminder, please visit IRS website directly and do not click on any emails or texts with a link prompt as they may be fraudulent phishing links intended to gain your account access.

Please reach out to your trusted LSL professionals if you have any questions, including your eligibility to receive payments.     


Melissa Hou

Melissa provides taxation expertise to several industries, including real estate, professional services, manufacturing, distribution, construction, and non-profit organizations. Her services also include tax compliance and strategic planning/consultation for C and S Corporations, general partnerships, LLCs, individuals, and non-profit organizations.