IRS backlog of tax returns will continue through the 2023 filing season

2 years ago

The IRS watchdog reported this week that the agency is unlikely to eliminate a huge backlog of tax returns this…

IRS Postpones Implementation Of $600 Form 1099-K Reporting By A Year

2 years ago

As a result of taxpayer confusion, lack of clear guidance, concerns about the existing backlog, and impact on the upcoming…

Child Tax Credit Changes For 2023

2 years ago

The 2022 tax season is right around the corner, and now is a great time to start thinking about your…

Tax Changes Effective for 2022 Returns

2 years ago

Several tax changes are effective in 2022. Some of the more significant changes are: Child Tax Credits Child tax credit…

Are You a Tax Return Ghost Preparer?

2 years ago

With tax season approaching, the Internal Revenue Service (IRS) is again warning consumers and companies to avoid “ghost” tax return…

IRS Reference Code 1242

2 years ago

IRS Reference Code 1242 is a processing code the IRS uses to review tax returns it thinks might be fraudulent.…

What’s new and what to consider when filing taxes in 2023

2 years ago

The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their 2022 federal tax…

2022 Education Tax Credits

2 years ago

Eligible taxpayers who pay college expenses for themselves, their spouses, or their dependents may be able to take advantage of…

Tax Transcript Processing Date

2 years ago

The Processing Date represents the date when the IRS expects to have your tax return and tax refund processed. IRS…

How to read your Account Transcript

2 years ago

Here's a breakdown of what everything on your Account Transcripts means. Request and Response Dates The Request date shows the…

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