If a taxpayer receives a refund that is less than the amount that was submitted with the tax return, the refund may have been offset for a past due obligation. A refund offset is when an IRS… What does Tax Topic 203 Mean?
The IRS begins updating its systems for acceptance of electronic returns in the fall before tax season opens. The final changes usually happen around late December. They plan ahead to allow adequate time to program… Did your Tax Return get selected to take part in the IRS Test Batch this year?
If your student loans are in default, you’re probably worried about your tax refund. Will the student loan lenders take it? First, let’s set the record straight on private loans. Private student loan companies can’t take… Avoiding Tax Offsets Due to Student Loan Debt
Many families rely on their tax refunds to pay for major expenses and essentials, but with delayed refunds for millions of households for up to a month this year. For people who need that money to pay… Should You Apply for an Advance on Your Tax Refund?
Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February The IRS today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted… What the New Tax Withholding Tables for 2018 Mean for Your Take-Home Pay
If your federal return has already been filed and you are due a refund, you can check the status of your refund online. “Where’s My Refund?” is an interactive tool on the IRS website at… How do I Check the Status of my Federal Tax Refund?
Taxpayers receiving a refund tend to file taxes right away If you are an early season tax filer (i.e. you file your tax return in January and/or early February) you are simply looking to get… Reasons You Should File Your Taxes Early
One of the biggest decisions taxpayers face each year is how to file their tax returns. Last year, 86%, nearly 132 million, of tax returns were filed with tax software. But out of those computer-prepared… ​How much should you pay to file your taxes?
What is the difference between IRS Daily and Weekly Accounts? The difference is when your tax return is processed, and when updates are made and posted to your account. Daily Accounts: Some transactions post to the… Daily vs. Weekly Account Processing
Here’s a breakdown of what everything on your Account Transcripts means. Request and Response Dates The Request date shows the date you requested your transcripts and the response date shows when they actually responded to… How to Read an IRS Account Transcript
Now that tax season is here, consumers are looking for a reliable, easy way to file their taxes. Why not use an online tax service? These services allow you to easily and safely file your… Tax Software to E-File your Tax Return
The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will… IRS Announces when Tax Filing Season will start in 2018!
Where’s my Refund? Updates Calendar for 2018 Below we will show you how to use Where’s My Refund? Updates Calendars! Return Accepted Updates – This is the intake process of your tax return meaning once you… 2018 Tax Refund Updates Calendar
Attention identity theft victims: IP Pin Number should be mailed by Early January each year. Here’s how to get one, reissued if it was lost or if you moved… The Identity Protection PIN is the… Are you waiting on your IP PIN in the mail?
Again this year, the IRS Tax Refund Site, Where’s my Refund? is often overloaded. When you e-file, your tax return is usually accepted within 24 hours of filing by the IRS. Then your seemingly endless… 2018 Tax Transcript Cycle Code Chart
The Tax Cuts and Jobs Act is the most sweeping update to the U.S. tax code in more than 30 years. The reforms will simplify taxpaying for many individual Americans, lower taxes on individuals and… The Tax Cuts and Jobs Act
A cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your account posted to the IRS Master File. This date indicates the 4 digits of the… 2018 IRS Posting Cycle Code Charts
The Internal Revenue Service reminds taxpayers with expiring Individual Taxpayer Identification Numbers (ITIN) to submit their renewal applications as soon as possible. Failing to renew them by the end of the year will cause refund… Your ITIN may expire before you file a tax return in 2018
If you receive a letter or notice from the IRS, it will explain the reason for the correspondence and provide instructions. Many of these letters and notices can be dealt with simply, without having to… About Your Notice
The number of data breaches was already on a record pace for 2017 before the reported theft of nearly 145 million Americans’ names, addresses and Social Security numbers brought the issue to the forefront. Every… National Tax Security Awareness Week: Victims of Data Breaches Should Consider These Steps
During the online holiday shopping season, the IRS, state tax agencies, and the tax industry remind people to be vigilant with their personal information. While shopping for gifts, criminals are shopping for credit card numbers,… National Tax Security Awareness Week: Online Security – Seven Steps for Safety
The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. This is the… Plan Ahead for 2018 Filing Season to Avoid Refund Delays
The fiscal year 2018 budget plan the House Budget Committee approved in July calls for a radical change in the Earned Income Tax Credit (EITC) that could harm millions of low-income working families and cause… House Budget Committee Proposal to Hold All Tax Refunds until the IRS can Verify Incomes of All EITC Filers
The Internal Revenue Service (IRS) announced that they would start enforcing ObamaCare’s individual mandate with the 2018 tax filing season, the first time the agency has done so since the mandate took effect back in… Remember: IRS will Start Enforcing ObamaCare’s Individual Mandate
WASHINGTON — The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends they… Tax Filing Extension Expires Oct. 16 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits
Some tax refunds that include an Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) will be held until February 15. This action is driven by the Protecting Americans from Tax Hikes Act… PATH ACT LAW will Delay Tax Refunds Every Year
The Internal Revenue Service has announced a couple of big changes they have planned for the e-Services system in the coming months. The first is the transfer of the e-Services system to a new platform,… IRS Making Important Changes to e-Services Platform
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 more support as Hurricane… IRS grants tax extensions to those effected by Hurricane Harvey and Irma
The Internal Revenue Service didn’t properly implement some provisions of the PATH Act aimed at reducing improper payments for refundable tax credits, instead allowing an estimated $152 million in credits, according to a new report.… IRS erroneously paid $152M in refundable tax credits
The Internal Revenue Service is planning June 18 as the tentative date for moving its e-Services platform to what it promises will be more secure and modern technology. In recent years, the IRS has experienced… IRS targets summer rollout for e-Services upgrade
When it comes to taxes, not much is simple, including knowing the day your individual tax return is due. For the second of three consecutive years, tax day is abandoning its traditional April 15 deadline… Here’s Why Tax Day Is April 18 This Year
Everyone that was accepted from January 1, 2017 – February 14, 2017 that have been sitting with no answers have you Received Any Updates? We are seeing a lot of people that had not seen… How many Early Filers Still Have Not Received a Tax Refund?
Remember that assurance from the Internal Revenue Service that its agents never call you about an overdue tax bill. That’s changing. The IRS is about to turn over some delinquent tax accounts to private debt… IRS letter announcing latest private tax debt collection effort going out to affected taxpayers
Applying for financial aid just got a little bit harder for families looking to get a bit of help sending someone to college next fall. As of yesterday, the U.S. Department of Education and IRS… IRS Temporarily Shuts Down Tool Used To Complete FAFSA
Amended Tax Returns: When and How to Correct Your Filed Taxes If you discover an error after filing a tax return, the IRS allows you to correct it by filing an amended tax return. Some… Amended Returns
Individuals have the option to have some or all of their federal tax refund directly deposited to their bank account. With direct deposit, the IRS electronically transfers your tax refund to your bank account, which… Direct deposit is fast and convenient, though mistakes can cost your refund
In 2016, the Criminal Investigation (CI) division of the Internal Revenue Service initiated 3,395 cases in the fiscal year 2016 that focused on tax-related identity theft, money laundering, public corruption, cybercrime, and terrorist financing. That’s according to… IRS Investigated 3,400 Cases of Tax ID Theft, Laundering, Cybercrime and Terrorism in 2016
If you’ve ever tried to do your own taxes, you know how confusing they can be. Trying to pay taxes to two states or figure out what you can deduct and what you can’t? Good… The Most Googled Tax Terms by State
We confirmed the Fastest Refund Processing to Direct Deposit Date Today (Maybe the fastest in History). We have a follower that filed their Tax return on February 25, 2017, With EITC and they received a… How Quick has the IRS Processed your Return this Year?
Common questions about tax refund checks and payments I requested a direct deposit refund. Why is the IRS mailing it to me as a paper check? There are three possible reasons. They are as… Where’s My Tax Refund Check?
We have been getting multiple reports that some taxpayer tax refunds never hit their cards or banks. If you never received your tax refund after seeing a scheduled direct deposit date message here are a… How many people did not receive their Direct Deposit on their Scheduled Day?
If you E-filed your Tax Return prior to February 18, 2017, Please take part in this Poll. We are trying to determine how many people have still not received a tax refund or direct deposit… Did you e-file a tax return before February 18, 2017
Identity verification letters are mailed through the U.S. Postal Service to the address on the tax return. The notice will require the taxpayers to verify their identities in order for the IRS to complete the… How Many People Had to Verify Identity?
Your tax return may show that you’re due a refund from the IRS. However, if you owe a federal tax debt from a prior tax year, or a debt to another federal agency, or certain… Tax Refund Offsets
Please participate and vote so that we can keep a chart on how many people were expecting a tax refund on February 22 & 23 and did not receive one. Thank You Very Much for your… How many people did not receive their Direct Deposit on their Scheduled Day?
Filing taxes can be stressful and when the IRS opts to take a closer look at your return, that can only increase your anxiety level. Getting your return flagged for review doesn’t mean you’ll be… What Happens When Your Tax Return Is Flagged for Review?
What Is an IRS Letter 5071C? If the IRS suspects that a tax return with your name on it is potentially the result of identity theft, the agency will send you a special letter, called… IRS 5071C ID Verify Letter
The IRS uses LTR 12C (see upper right corner of your letter) to request Form 8962, Premium Tax Credit. It’s required when someone on your tax return had health insurance through Healthcare.gov (or a state… How many have received an IRS letter 12C about a missing Form 8962 on their tax return?
If you’ve filed your taxes already, then you’re probably waiting anxiously for your refund. If you’re like many people, you use the IRS “Where’s My Refund” tool or APP a few times each day in… IRS Reference Codes on Where’s my Refund?
Full List of IRS Tax Topics | Refund Talk IRS Tax Topics Directory Browse the full list of IRS “Tax Topics” by number and title. Each topic in this directory links directly to the official… Full List of IRS Tax Topics