It’s been no secret that the IRS has been underfunded – not to mention under-staffed – for quite some time. Yes, this is a problem in part brought on by the COVID-19 pandemic. However, it’s also an issue that has been brewing for years. All of this seemed to come to a head earlier in… Continue reading IRS Tax Return Processing Delays Continue Millions of Americans Are Still Waiting on Their 2020 Tax Returns
Blog
Student Loan Pause Extended Through May 1, 2022
The U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through May 1, 2022. The extension will allow the Administration to assess the impacts of the Omicron variant on student borrowers and provide additional time for borrowers to plan for the resumption of payments and reduce… Continue reading Student Loan Pause Extended Through May 1, 2022
IRS Sending Plus Up Payments To Some Taxpayers Before Year End 2021
TheĀ Internal Revenue Service (IRS)Ā is currently focusing on a stimulus check backlog which includes theĀ Plus-Up PaymentsĀ that many Americans are entitled to. There are someĀ AmericanĀ citizens who are set to receiveĀ a payment of up to $1,400 before the end of 2021 and the start of 2022Ā as part of a surpriseĀ plus-up stimulus check. These checks will be sent before… Continue reading IRS Sending Plus Up Payments To Some Taxpayers Before Year End 2021
The last monthly child tax credit payment of 2021 is being distributed
The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child Tax Credit on their 2021 federal tax return to receive missed payments… Continue reading The last monthly child tax credit payment of 2021 is being distributed
IRS will send out the last Advance Child Tax Credit payment by December 15, 2022
The Internal Revenue Service (IRS) is preparing for the sixth and final batch of monthly child tax credit payments. The first five payments were sent between July 15 to November 15, while the last payment is scheduled for December 15. There will then be payments of up to 1,800 dollars or 1,500 dollars, depending on the age of the… Continue reading IRS will send out the last Advance Child Tax Credit payment by December 15, 2022
2022 IRS E-File Tax Refund Direct Deposit Dates
2022 IRS E-File Refund Cycle Charts The IRS will begin accepting 2021 tax returnsĀ on January 31, 2022, with nearly 165 million individual tax returns expected to be filed in 2022. The nationās tax deadline will be April 18 this year. Many tax software companies and tax professionals will be accepting tax returns beforeĀ Jan. 31Ā and then… Continue reading 2022 IRS E-File Tax Refund Direct Deposit Dates
Get ready for taxes: What’s new and what to consider when filing taxes in 2022
The Internal Revenue Service today encouraged taxpayers to take important actions this month to help them file their federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments. This is the second in a series of reminders to help taxpayers get ready for the upcoming tax… Continue reading Get ready for taxes: What’s new and what to consider when filing taxes in 2022
What taxpayers can do now to get ready to file taxes in 2022
There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure their tax filing experience goes smoothly in 2022. They can start by visiting the Get Ready page on IRS.gov. Here are some other things they should do to prepare to file their tax return. Gather and organize… Continue reading What taxpayers can do now to get ready to file taxes in 2022
2022 Tax Transcript Cycle Code Charts
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, two-digit IRS cycle week, and two-digit processing day of the week. Cycle Code Breakdown Example: 20190604… Continue reading 2022 Tax Transcript Cycle Code Charts
IRS Reference Code
Weāve compiled a complete list of all the IRS Reference Codes found on the āWhereās My Refundā tool to help you out. Each error has a specific set of steps that the IRS will follow, called the Inquiry Response Procedure. IRS Reference Code 1081 IRS Reference Code 1081 IRS full/partial offset, check mailed more than… Continue reading IRS Reference Code