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Refundtalk replied to the topic What should I do if I made a mistake on my return? in the forum FAQ’s 7 years, 9 months ago
It depends on the type of mistake you made:
Many mathematical errors are caught during the processing of the tax return and corrected by the IRS, so you may not need to correct these mistakes.
If you didn’t claim the correct filing status or you need to change your income, deductions, or credits, you should file an amended or corrected return…[Read more] -
tara berks started the topic What should I do if I made a mistake on my return? in the forum General Discussion 7 years, 9 months ago
What should I do if I made a mistake on my federal return that I’ve already filed?
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Refundtalk replied to the topic Head of household filing status in the forum Dependents 7 years, 9 months ago
Generally, to qualify for head of household, you must have a qualifying child or dependent. However, a custodial parent may be able to claim head of household filing status with a qualifying child even if he or she released a claim to exemption for the child. See Noncustodial parent is claiming an exemption for my child; do I still qualify as head…[Read more]
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tara berks started the topic Head of household filing status in the forum Dependents 7 years, 9 months ago
To qualify for head of household filing status, do I have to claim my child as a dependent?
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Refundtalk replied to the topic Can I receive a tax refund if I owe for a prior year's federal taxes? in the forum Past Due/Back Taxes 7 years, 9 months ago
No, one of the conditions of your installment agreement is that any refund due to you, the IRS will automatically apply against taxes you owe. Because your refund isn’t applied toward your regular monthly payment, continue making your installment agreement payments as scheduled until you pay your liability, including accrued penalties and…[Read more]
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tara berks started the topic Can I receive a tax refund if I owe for a prior year's federal taxes? in the forum Past Due/Back Taxes 7 years, 9 months ago
Can I receive a tax refund if I owe for a prior year’s federal taxes since I am currently making payments under an installment agreement or payment plan?
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Refundtalk replied to the topic College student as a dependent question? in the forum Dependents 7 years, 9 months ago
If you can claim an exemption for your daughter as a dependent on your income tax return, she can’t claim her own personal exemption on her income tax return. Your daughter should check the box on her return indicating that someone else can claim her as a dependent.
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tara berks started the topic College student as a dependent question? in the forum Dependents 7 years, 9 months ago
If I claim my daughter who is a full-time college student as a dependent, can she claim her own personal exemption when she files her return?
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Refundtalk replied to the topic How much income can an unmarried dependent student make? in the forum Dependents 7 years, 9 months ago
An unmarried dependent student must file a tax return if his or her earned or unearned income exceeds certain limits. To find these limits, refer to Dependents under Who Must File, in Publication 501, Exemptions, Standard Deduction, and Filing Information.
Even if you don’t have to file a federal income tax return, you should file if you can…[Read more]
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tara berks started the topic How much income can an unmarried dependent student make? in the forum Dependents 7 years, 9 months ago
How much income can an unmarried dependent student make before he or she must file an income tax return?
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Refundtalk replied to the topic Is there an age limit on claiming my child as a dependent? in the forum Dependents 7 years, 9 months ago
To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:
To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a “student” younger than 24 years old as of the end of the calendar year.
There’s no age limit if your…[Read more] -
tara berks started the topic Is there an age limit on claiming my child as a dependent? in the forum Dependents 7 years, 9 months ago
Is there an age limit on claiming my child as a dependent?
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Refundtalk wrote a new post 7 years, 9 months ago
We have received many questions from clients and relationships, discussing casualty loss tax deduction rules. The President approved a disaster declaration for Florida on Sunday, September 10, clearing the way for…
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Refundtalk replied to the topic Will my tax refund be effected by the Path Delay in 2018? in the forum PATH ACT 7 years, 9 months ago
New law for all taxpayers claiming the EITC after Dec. 31, 2016, the IRS will have additional time to review the claim and will not be required to pay the refund before the 15th day of the second month following the close of the tax year.
Taxpayers that claim EITC will not receive any tax refunds prior to February 15th every tax year moving…[Read more]
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tara berks started the topic Will my tax refund be effected by the Path Delay in 2018? in the forum PATH ACT 7 years, 9 months ago
Will my tax return be effected by the PATH act in 2018? If I claim EITC will the IRS hold my tax refund until after February 15, 2018.
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Refundtalk replied to the topic Letter 5862 in the forum IRS Letters & Notices 7 years, 10 months ago
The IRS is sending you this letter because they received a copy of the Form 1095-A, Health Insurance Marketplace Statement, your Health Insurance Marketplace sent you. Form 1095-A shows advance payments of the premium tax credit were made to your or your family’s health insurance company to reduce your premium costs in 2015. To protect your…[Read more]
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Refundtalk replied to the topic Letter 5858 in the forum IRS Letters & Notices 7 years, 10 months ago
IRS received a copy of Form 1095-A for 2015. You must file your 2015 federal tax return with a Form 8962 to reconcile advanced premium tax credits.
The IRS is sending you this letter because we received a copy of the Form 1095-A, Health Insurance Marketplace Statement, your Health Insurance Marketplace sent you. Form 1095-A shows advance…[Read more]
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Refundtalk replied to the topic Letter 5821 in the forum IRS Letters & Notices 7 years, 10 months ago
You must renew your Individual Taxpayer Identification Number (ITIN) to file your U.S. tax return.
Why is he IRS contacting you
You or someone listed on your return has an ITIN with middle numbers 78 or 79 and the ITIN will expire on January 1, 2017 (for example, 9NN-78-NNNN).
Who needs to renew an ITIN?
If you will file a U.S. tax return…[Read more] -
Refundtalk replied to the topic Letter 5747C in the forum IRS Letters & Notices 7 years, 10 months ago
IRS received your federal income tax return, but they need more information to verify your identity in order to process your tax return accurately.
The IRS needs more information to verify your identity in order to process your tax return accurately. Unfortunately, if the IRS can’t verify your identity online or by phone. You must visit a T…[Read more]
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Refundtalk replied to the topic Letter 5600C in the forum IRS Letters & Notices 7 years, 10 months ago
You may have reported owing too much Health Care Shared Responsibility Payment (SRP) on your 2014 income tax return.
The IRS is sending you this letter because it appears that you may have reported owing too much Health Care Shared Responsibility Payment (SRP) on your 2014 income tax return. Under the law, individuals are required to either…[Read more]
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