RefundtalkThe Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud and permanently extend many expiring tax laws. The law, which was enacted December 18, 2015, first impacted tax returns filed in 2017 and will continue to impact returns until the law is overturned or changed.…
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Daily or Weekly Accounts
What is the difference between IRS Daily and Weekly Accounts? The difference is when your tax return is processed, and when updates are made and posted to your account. Daily Accounts: Some transactions post to the Master File on a daily basis as opposed to during the weekly cycle. If your cycle code ends with a…
Where’s My Refund – PATH ACT Message Facts
The Protecting Americans from Tax Hikes (PATH) Act required the IRS to hold all refunds for returns claiming the earned income tax credit (EITC) and additional child tax credit (ACTC) until February 15. PATH ACT LAW! – By law, the IRS cannot issue refunds for people claiming the Earned Income Tax Credit (EITC) or Additional…
The Government Shutdown Could Halt Many IRS Operations
Funding for many government agencies expired at midnight on Friday, which triggered a partial shutdown of the federal government. The IRS is affected by the shutdown because it is not already funded through September 2019. The IRS, having dealt with workforce and budget cuts since 2010, is already stretched thin with implementing the December 2017 tax reform law in time for the…
Tax Transcripts Don’t Order Them View Them
Millions are going transcript crazy right now and wasting the IRS time that they could be processing our returns. We all need to slow down if you order your transcripts by mail the IRS says to allow them 5-10 days for processing and delivery. The IRS also has a restriction on the time period between…
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