Tax Refund Sent to The Wrong Account? Last year, the IRS processed over 128 million refunds at an average amount of $2,775 each. The majority of those were sent through direct deposit. The IRS encourages taxpayers to use this method because it t…

2023 Tax Transcript Cycle Code Charts A cycle code is an eight-digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the four digits of the current cycle…

Unreported Income Can Trigger an IRS Investigation If you fail to fully report your income to the Internal Revenue Service (IRS), you could be heading for tax troubles ahead. Most taxpayers are aware that failure to file a tax return could catch up with them.…

4 Common Mistakes The IRS Makes Every tax season, you take great care to file everything you need to file and report everything you need to report. After you are satisfied you have completed everything truthfully, you finally send your return…

5 Items On Tax Returns The IRS Will Notice The good news for taxpayers is that the risk of being audited is historically low. While just over one percent of taxpayers were audited in 2010, that number dipped to 0.45 percent in 2019. Still, a significant…

The next tax season seems far away, but this is actually the perfect time for taxpayers to review their withholding and estimated tax payments. Because federal taxes are pay-as-you-go, it’s important for taxpa…

The Internal Revenue Service announced today significant progress to prepare for the 2023 tax filing season as the agency passed a milestone of hiring 4,000 new customer service representatives to help answer…

An Offer in Compromise can be an effective way for individuals and businesses to settle federal tax debt. This federal program allows taxpayers to enter into an agreement, with the IRS, that settles a tax debt f…

IRS sending letters to over 9 million people who did not claim various tax benefits Starting this week, the Internal Revenue Service is sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but did not claim them by filing a 2021…

Time is running out. The October 17 filing extension deadline is just days away. Most taxpayers who requested an extension of time to file their 2021 tax return must file by Monday to avoid the penalty for…

An IRS online account makes it easy for people to quickly get the tax planning info they need. With the same ease that taxpayers have when banking online or placing an online shopping order, they can log in a…

Your Rights as a Taxpayer

Tax fairness means the tax system is equitable to all citizens. This is not just a concept – it is the law. The right to a fair and just tax system is one of the 10 rights in…

What You Should Know About the IRS Automated Underreporter The Automated Underreporter (AUR) program is an important part of compliance efforts at the Internal Revenue Service (IRS). Most people are aware they could be audited by the IRS. The thought of an IRS audit…