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The IRS can adjust any stimulus check money you’re owed when you file your 2020 tax return. Here’s why

Finance
In this articleIRSA3-ARGetty ImagesThis year's tax season has brought with it a new opportunity to collect any unpaid funds from previous rounds of federal stimulus checks.But the amount you claim could be adjusted by the IRS, the agency said on Monday.A new feature called a recovery rebate credit enables people to claim unpaid stimulus check money they may be missing.To date, Congress has authorized three direct payments to Americans since the onset of the Covid-19 pandemic. That includes a first check of up to $ 1,200 per adult through the CARES Act that was passed in March 2020. That was followed by payments of up to $ 600 per person authorized in December, followed by new checks of up to $ 1,400 per person that the government is in the midst of deploying.More from Personal Finance:F...

Broke? Need an extension? Amending a return? No matter your situation, you need to file your taxes

Finance
Constantine Johnny | Moment | Getty ImagesThe IRS may be extending the deadline to file your annual taxes for 2020 to May 17, but there's no time like now to get started on them — no matter your circumstances.Perhaps you owe money that you don't currently have. Maybe your life has been turned upside down and doing your taxes is the last thing you want to do. But don't even think about not filing a tax return."It's a terrible idea," said Nayo Carter-Gray, founder of 1st Step Accounting, of not filing. "It's one of the worst things you can do."Lisa Greene-Lewis, a tax expert at TurboTax, concurs."It is definitely a bad idea," she said. "File the return even if you can't pay what you owe."Let's start with the penalties. If you don't file your return, you'll be assessed a penalty of 5% of the ...
Rangers: Slavia to file ‘brutal attack’ complaint with police

Rangers: Slavia to file ‘brutal attack’ complaint with police

Sports
Slavia Prague say they have lodged a criminal complaint over a "brutal attack" on Ondrej Kudela at Ibrox.The Czech club claim Kudela was set upon after their 2-0 Europa League win on Thursday.Rangers allege that Kudela racially abused Glen Kamara in the closing stages of the game, which led to an on-pitch altercation.Slavia say their complaint details a list of witnesses, including Rangers manager Steven Gerrard.A statement explains that the Czech Embassy in London will officially file the club's grievance but a Police Scotland spokesperson said: "No reports of criminality have been made by either club in connection with last night's match. "Police Scotland has contacted club officials and assured them that should any allegation be received it will be investigated thoroughly."Slavia assert...
SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium

SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium

Finance
The Supreme Court Monday asked the Centre and the RBI to place on record the K V Kamath committee recommendation on debt restructuring due to COVID-19 related stress on various sectors as also the notifications and circulars issued by them so far on the issue of loan moratorium. The apex court's direction came after the Finance Ministry decided to grant relief to individual borrowers as well as medium and small industries by agreeing to waive compound interest (interest on interest) charged on loans of up to Rs 2 crores for a six-month moratorium period announced due to the pandemic. A bench comprising Justices Ashok Bhushan, R Subhash Reddy and M R Shah took up the pleas alleging that banks have decided to charge interest on the EMIs which have not been paid by the borrowers from March on...
These Social Security beneficiaries should file for stimulus checks immediately, government urges

These Social Security beneficiaries should file for stimulus checks immediately, government urges

Finance
A new government tool to file for coronavirus stimulus checks is here, and that's good news for some Social Security recipients.The government is urging certain individuals to apply using that tool now to make sure they receive timely payments and the full amounts for which they are eligible.This week, the Treasury Department and IRS launched a web portal aimed at people who typically do not file tax returns, mostly because they have little to no taxable income.The website asks individuals to submit some basic financial information to confirm that they are eligible to receive the government payments. It also should help speed up getting the money to eligible individuals by taking their bank account information, including bank account type, account and routing numbers.More from Personal Fin...