Did the IRS reject your tax return because someone else claimed your dependent?

Claiming a dependent is usually pretty simple: you give the IRS their social security number, certifying that your relationship…

Whether you have just one on the way or five and counting, kids are expensive. That’s why you should take advantage of tax cuts whenever possible. In addition to claiming them as dependents, you may also q…

The IRS will begin accepting tax returns on Feb. 12, 2021. Here’s a breakdown of what you should know before you file.

Tax filing season will start a bit later this year and look a bit different too. T…

Filed your taxes and expecting a refund? Here’s how to check the status and how long you may have to wait.

So, you’ve been proactive and turned in your tax return already or are planning to do so shortly. H…

There are pros and cons to either filing your taxes now or holding off a few more weeks in terms of the proposal for $1,400 stimulus payments.

As Democrats push forward with crafting the next massive…

Two items in the COVID relief package affect how much money the government will send parents to cover their children in 2021.

Inside the COVID relief package that could be voted on by the full House as e…

Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you m…

The first step of tax preparation is gathering records

As taxpayers get ready to file their tax returns, they should start by gathering their records. Taxpayers should gather all year-end income documents to…

If you didn’t receive your Economic Impact Payments (EIPs) and a 2018 or 2019 joint return was filed in your name without your consent, you may be eligible to claim the Recovery Rebate Credit (RRC) on your 2…

We have received your tax return and it is being processed “We have received your tax return and it is being processed”refund status message is a good sign and indicates the tax return is being processed and your tax return is still on track to a refund date. When you see…

The 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…

Nearly every taxpayer with dependent children could be impacted by the PATH Act at some point. In addition to other tax-related provisions, the PATH act affects two extremely common tax credits: the Earned…

Opening Day for the IRS is Today February 12, 2021.

The Internal Revenue Service has set the opening day for the 2021 tax filing season for Friday, Feb. 12, 2021. That’s the day the IRS will begin accepting and p…

IRS Notice CP05 – Your Tax Refund is Being Held While The IRS Reviews Your Tax Return Your tax refund is being held, pending a review of your tax return. The IRS may contact third parties to verify the information shown on the tax return. IRS Notices CP05 & CP05A both indicate that the IRS is…