February 12th marks the official day the IRS will begin processing 2020 taxes.
With that being said, you may be ready to file and get that big fat refund back, or are you?
Before you can file your 2020 taxes, there is an important piece of information you need to figure out because it has to be reported on this year’s taxes.
When you received your stimulus check this year (or last I guess) you should have received Form 1444 from the IRS.
What is IRS Notice 1444 and why do I need it?
IRS Notice 1444 reports the amount you received for the first Economic Impact Payment and Notice 1444-B reports the amount for the second stimulus.
However, the majority of people (if anyone) have not received these forms.
Or, if you are like me, you threw the form away not knowing we’d need it.
So, what do you do?
Well, you can head onto the IRS Website and click “create or view account”.
If you need to create an account, you will need to provide a bunch of personal information to verify your identity.
Once you do, you’ll be sent to the area that will give you the two amounts for the two stimulus checks you received in 2020. That is the amount you will put on your taxes.