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Refundtalk wrote a new post 7 years, 1 month ago
The Tax Cuts and Jobs Act is the most sweeping update to the U.S. tax code in more than 30 years. The reforms will simplify taxpaying for many individual Americans, lower taxes on individuals and businesses, and…
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Refundtalk wrote a new post 7 years, 1 month ago
A cycle code is an 8 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 4 digits of the current cycle year,…
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Refundtalk wrote a new post 7 years, 1 month ago
Your ITIN may expire before you file a tax return in 2018
The Internal Revenue Service reminds taxpayers with expiring Individual Taxpayer Identification Numbers (ITIN) to submit their renewal applications as soon as possible. Failing to renew them by the end of the year… -
Refundtalk wrote a new post 7 years, 1 month ago
If you receive a letter or notice from the IRS, it will explain the reason for the correspondence and provide instructions. Many of these letters and notices can be dealt with simply, without having to call or…
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Refundtalk wrote a new post 7 years, 1 month ago
The number of data breaches was already on a record pace for 2017 before the reported theft of nearly 145 million Americans’ names, addresses and Social Security numbers brought the issue to the f…
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Refundtalk wrote a new post 7 years, 1 month ago
During the online holiday shopping season, the IRS, state tax agencies, and the tax industry remind people to be vigilant with their personal information. While shopping for gifts, criminals are shopping for…
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Refundtalk wrote a new post 7 years, 2 months ago
The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. This is the first in a…
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Refundtalk wrote a new post 7 years, 2 months ago
The fiscal year 2018 budget plan the House Budget Committee approved in July calls for a radical change in the Earned Income Tax Credit (EITC) that could harm millions of low-income working families and cause serious…
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Robert Mayes started the topic Statement From Ohio Department Of Taxation in the forum Ohio 7 years, 2 months ago
May 2017 Statement from Ohio Department of Taxation
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Refundtalk wrote a new post 7 years, 3 months ago
The Internal Revenue Service (IRS) announced that they would start enforcing ObamaCare’s individual mandate with the 2018 tax filing season, the first time the agency has done so since the mandate took effect back i…
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Refundtalk wrote a new post 7 years, 3 months ago
WASHINGTON — The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends t…
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Liz Dennis replied to the topic Taxes not filed for 2016 in the forum
H&R Block 7 years, 3 months agoThank You for that information. I will gather as much as I can and file on-line myself then.
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Refundtalk replied to the topic The Notice Review Processing System (NRPS) in the forum Under Review 7 years, 4 months ago
The Notice Review Processing System (NRPS) selects Settlement notices, Adjustment notices, Associated notices and Refund Transcripts
for review by analyzing data from the following sources:CP Notice Records—NRPS also uses this information to print a copy of selected notices for the review.
Entity and Tax Modules—NRPS uses the Tra…[Read more]
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tara berks started the topic The Notice Review Processing System (NRPS) in the forum
Under Review 7 years, 4 months agoThe Notice Review Processing System (NRPS)
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Refundtalk replied to the topic What are CP Notices? in the forum IRS Letters & Notices 7 years, 4 months ago
CP Notices
-A Computer Paragraph (CP) Notice is a computer generated message resulting from:-A tax examiner entering Taxpayer Notice Codes (TPNCs) on a return
-A Master File analysis of a taxpayers account
-Certain transactions posting to an account
Notices can generate to:
-Request information or payment from a…[Read more]
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tara berks started the topic What are CP Notices? in the forum IRS Letters & Notices 7 years, 4 months ago
What are IRS CP Notices?
IRS CP (correspondence procedures) notices are letters sent by the Internal Revenue Service (IRS) to taxpayers to inform them of various issues related to their tax returns or accounts. These notices typically outline specific actions that the taxpayer needs to take, such as paying a balance due, providing additional…[Read more] -
tara berks replied to the topic Taxes not filed for 2016 in the forum
H&R Block 7 years, 4 months agoI am very sorry to hear this. I would recommend you to try to go online to a major tax preparation company like Turbo Tax or H&R Block or many others and proceed with filing your taxes. If you owe taxes and do not file a tax return or extension on time. You will incur different penalties (and owe the IRS interest) if you filed your return or…[Read more]
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tara berks joined the group
H&R Block 7 years, 4 months ago -
Refundtalk replied to the topic What is an IRS Review? in the forum Under Review 7 years, 4 months ago
IRS Review is the term used to describe the process that selects tax accounts with specific, pre-decided account activity occurring after notice generation, to be reviewed manually. This process allows tax examiners to analyze the account and the notice to decide if the information on the notice to be mailed is complete and represents the most…[Read more]
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tara berks started the topic What is an IRS Review? in the forum Under Review 7 years, 4 months ago
What is an IRS Review?
An IRS review, also known as an IRS examination or audit, is a review of an individual or organization’s tax returns and financial information by the Internal Revenue Service (IRS). The purpose of an IRS review is to ensure that the taxpayer has accurately reported their income, deductions, and other tax-related items, and…[Read more] - Load More
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