Who Can You Claim as a Tax Dependent?

2 years ago

One of the most common elements of a fraudulent income tax return is a claim for unqualified dependents. So—who can…

Amending Your Tax Return – the How, Why, and When

2 years ago

So, we are all on the same foot, amending your tax return is basically sending the IRS a new tax…

IRS Gains New Funding To Expand Operations And Audits

2 years ago

The Internal Revenue Service (IRS) will receive a significant increase in funding with the passing of the Inflation Reduction Act,…

Tax Transcript Code 806 – W-2 or 1099 Withholding

3 years ago

The IRS transaction code 806 will appear on your tax transcript to show the total amount of federal income tax…

Tax Transcript Code 150 – Tax Return Filed

3 years ago

Once your tax return has been accepted by the IRS and added to the IRS Master File for processing. An…

Tax Refund Status – Received, Approved, Sent

3 years ago

You can start using the Where's My Refund? website or IRS2Go app to start checking on the status of your return 24…

IRS Identity and Tax Return Verification Service

3 years ago

The IRS Identity and Tax Return Verification Service can help you prove that you are who you say you are.…

The Adoption Tax Credit

3 years ago

The adoption tax credit lets families who were in the adoption process during 2022 claim up to $14,890 in eligible…

FAQ on Student Loan Cancellation

3 years ago

What is the Student Loan Cancellation? Last month, President Biden laid out a plan to cancel up to $20,000 in…

Inflation Reduction Act

3 years ago

Last month, Congress passed the Inflation Reduction Act (IRA22), which provides the IRS with supplemental funding of nearly $80 billion over…

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