There are several ways in which education expenses can be used to decrease your tax burden. In addition to the…
When filing your personal income tax return, there are primarily two ways to reduce your tax liability: deductions and credits.…
In all the complexity of tax preparation, it is easy to miss a deduction or credit. This is a particular…
Basically, when it comes to filing your personal tax return, there are five filing statuses you may choose from: single…
Of all the intricacies of tax preparation, few aspects are as beneficial as electronic filing or e-filing. Not only is…
Every year, the National Taxpayer Advocate’s Annual Report to Congress identifies at least 20 of the nation’s most serious tax…
Tax credits and tax deductions are two different types of tax breaks. Both can lower your tax bill, but they work in…
The percentage of tax returns being audited each year has steadily declined, due in part to dwindling government resources. Still,…
The Internal Revenue Service launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for…
The Internal Revenue Service and its Security Summit partners today warned taxpayers and tax professionals about a new IRS impersonation…
How quickly will I get my refund? The IRS issue most refunds in less than 21 calendar days. I’m counting…
Taxpayers know that there are tax deductions out there to be utilized to reduce the taxes paid on your income. …
The Hope credit (renamed the American Opportunity credit) and the Lifetime Learning credit are tax credits for taxpayers who pay…
The Taxpayer Roadmap - An Illustration of the Modern United States Tax System The map below illustrates, at a very…
A tax refund is the amount refunded if the tax paid exceeds the tax liability. In other words, if you…
As lawmakers pushed their tax overall package in 2017, Republican leaders would sometimes display a tax form printed on a…
If you owe the IRS a substantial amount, be sure not to ignore it. Review options such as installment agreements,…
What happens when the IRS Offsets Your Tax Refund? If you get a notice or status of an offset, your…
The first reaction by most taxpayers when they find out they are being audited by the IRS is crippling fear. …
Taxpayers with expiring individual taxpayer-identification numbers should renew their numbers ASAP. There are nearly 2 million ITINs set to expire at the…
The IRS relies heavily on the U.S. Postal Service to deliver notices to taxpayers. Many of these notices are received…
A recent study confirmed that over 16 million people were the victims of identity theft in the span of one year in…
The IRS said that on June 28, 2019, it will stop faxing tax transcripts to taxpayers, tax professionals, and third…
Unfiled Tax Returns Some people avoid filing their tax returns because they don’t want to, or can't afford to pay…
Military members benefit from a variety of special tax benefits. These include certain nontaxable allowances, non-taxable combat pay, and a…
In a report issued by the Treasury Department on February 14, the average refund it is paying in 2019 has…
If you aren’t one of those lucky Americans who get a tax refund from the IRS, you might be wondering…
According to the IRS Strategic Plan FY 2018 to 2020, these are the major Trends and Challenges going forward: SERVING AN…
Are you planning on claiming the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC) on your federal…
I thought it would be a good idea to discuss an issue that affects many taxpayer returns, namely the IRS…
The Earned Income Tax Credit (EITC) is a refundable tax credit given to taxpayers that earn a low-to-moderate income from…
The IRS established the Taxpayer Protection Program (TPP) to proactively identify and prevent the processing of identity theft tax returns…
Having the heat of the IRS on your back is never a fun experience. The unrelenting pressure of the federal…
Thanks to the tax reform, beginning in 2019, the penalty for not having adequate health insurance, which the government refers…
. Need a copy of a previous year’s tax return? Whether you’re applying for a loan, filing current taxes, or…
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud…
With Refund Transfer, you can pay your tax preparation fees and other authorized amounts from your refund. Plus, it’s a…
With millions of tax refunds being processed, the Internal Revenue Service reminds taxpayers they can get fast answers about their…
National Taxpayer Advocate Nina E. Olson today released her 2018 Annual Report to Congress, describing challenges the IRS is facing as…
With a new tax law in effect and a surge of tax returns expected during the Presidents Day weekend, the…
Today, towards the end of the second full week of the 2019 tax filing season, the Internal Revenue Service warned…
These are some of the most common questions we see on a daily basis. All Refunds Are Delayed The IRS…
What is the difference between IRS Daily and Weekly Accounts? The difference is when your tax return is processed, and when…
Every year, the IRS accepts several batches of tax returns to test in a Controlled Launch before they are officially open. What is HUB testing? …
Tax Refund loan products are making a come back. A variety of vendors offer different perks related to your tax…
The Protecting Americans from Tax Hikes (PATH) Act required the IRS to hold all refunds for returns claiming the earned…
You may have submitted your tax return form weeks ago and you still do not have it in your bank…
What Is the Usual Turnaround Time to Get a Tax Refund? The IRS sends the tax refund within 21 calendar days.…
In preparation for the tax season, it is imperative that you have a strategy to complete your taxes quickly, accurately,…
A new transcript format is now in place to better protect your information from identity theft. This new transcript partially…