When you’re doing your income taxes, you will require a number of forms and probably the most significant one is the W2 form. Every business that you were employed at in the course of the…How Do You Get Your W-2 Online?
Taxpayers generally want to avoid filing errors because they lead to tax problems and inconveniences. There are times when a taxpayer might experience tax filing mistakes due to complicated and sometimes confusing forms, calculations, and filing…Tax Problems? Avoid These Tax Filing Mistakes
Are you wondering who can qualify as a dependent on your tax return? This is your guide to assessing whether one of your family members may be able to be classified as a qualifying dependent…What is the Dependent Tax Credit, Deduction and Exemption?
The Treasury Department and the Internal Revenue Service have announced a redesign of the 1040 individual income tax return form that is being touted as one that will fit on a single postcard. The new,…New form 1040 for 2019 Tax Season
Everybody knows the old saying about death and taxes, yet a surprising number of people fail to file an income tax return. If you’re one of those people and you think you’ll be able to…What Are The Penalties For Not Filing Your Tax Return?
If you’re married, you have the option to file one or two tax returns every year. While most people file together on one return due to the increased standard deduction, in some situations, it makes…Married Filing Separately Vs. Married Filing Jointly
After months of intense negotiations, the President signed the $1.5 trillion tax reform legislation known as the “Tax Cuts And Jobs Act Of 2017” (the “New Law”) on December 22, 2017 – the most significant tax…Tax Reform
The Most Common Tax Question: Which Deduction Should You Take? Every taxpayer has the same decision to make when filing a federal return:Do you take the standard deduction or do you itemize? The right choice…Standard Deduction vs Itemized Deduction – What’s The Difference?
Where’s My Refund? is an IRS online tool you can use to check the status of your tax return within 24 hours after the Internal Revenue Service has received your e-filed tax return or four…What Day Does Where’s My Refund Update?
Many taxpayers, at risk for having too little tax withheld from their pay, can avoid a surprise year-end tax bill by quickly updating the withholding form they give to their employer, according to the Internal…Check withholding, make estimated payments now
Every year, the IRS works a large batch of ”unpostable” tax returns. An Unpostable tax return happens when your tax return is unable to be posted to the master file. An unpostable condition occurs if…Unpostable Tax Return
More families will be able to get more money under the newly revised Child Tax Credit, according to the Internal Revenue Service. The Tax Cuts and Jobs Act (TCJA), the tax reform legislation passed in…More families will be able to get more money under the newly-revised Child Tax Credit
Before you start your search, you might be wondering about all the different kinds of tax pros out there or who can do your taxes. Basically, anyone can call himself a tax preparer and file…Find a Tax Return Preparer
Systemic verification is one element of the IRS’s Return Review Program (RRP), its primary system to detect fraud and noncompliance. The Return Review Program is a platform that runs individual tax returns through a set…Systemic Verification
What Is an IRS Tax Transcript? An IRS tax transcript serves as a record of an individual’s tax-related information. This document contains details about one’s previous tax returns, with information such as the type of…What Is An IRS Tax Transcript And How Can I Get A Copy
Need Help with Your Tax Troubles? Dealing with tax issues can be frustrating, confusing, and frightening. The IRS Taxpayer Advocate Service is made up of individuals who are knowledgeable about the inner workings of the IRS…What Is The IRS Taxpayer Advocate Service And How Can It Help Me?
The Taxpayer Advocate Service (TAS) is an organization within the Internal Revenue Service that is designed to help taxpayers resolve problems with the IRS. HOW IT WORKS The TAS was first formed in 1978. Over time, it gained more…Tax Advocate Service
The Department of Treasury’s Bureau of the Fiscal Service (BFS) issues IRS tax refunds and Congress authorizes BFS to conduct the Treasury Offset Program (TOP). Through the TOP program, BFS may reduce your refund (overpayment) and offset…Tax Refund Offsets for Unpaid Child Support
The IRS’s Failure to Establish Goals to Reduce High False Positive Rates for Its Fraud Detection Programs Increases Taxpayer Burden and Compromises Taxpayer Rights Over the past decade, the IRS has been significantly impacted by…IRS Fraud Filters Delay Tax Refunds
A system the IRS uses to identify potentially fraudulent electronically filed tax returns. It enhances the IRS’s capabilities to detect, resolve, and prevent criminal and civil noncompliance and reduces issuance of fraudulent tax refunds. The…Return Review Program
There are two different being processed messages. One is “still being processed” and the other is “being processed” and they both have different meanings. What does “Your tax return is still being processed” mean? The…IRS Still Being Processed vs. Being Processed
There are two different being processed messages. One is “still being processed” and the other is “being processed” and they both have different meanings. What does “Your tax return is still being processed” mean? The…IRS Still Being Processed vs. Being Processed
Early Direct Deposit Accounts Direct deposit is the “fastest, safest way to receive your tax refund,” According to the IRS. There are several advantages to direct deposit of a tax refund: You can get…Bank’s, Cards, & Credit Unions that offer customers early Direct Deposits on Tax Refunds?
The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act), was enacted on December 18, 2015. The PATH Act contains several changes to the tax law that affect individuals, families, and businesses, and…Today will be the End of the 2018 PATH HOLD
With millions of tax refunds being processed, the Internal Revenue Service reminds taxpayers they can get fast answers about their refund by using the “Where’s My Refund?” tool available on IRS.gov and through the IRS2Go app. …Avoid the Rush: Track Tax Refunds Online at IRS.gov
Even without a government shutdown, taxpayers are having trouble getting through to the IRS at the start of the 2018 tax filing season. Busy signals and long hold times are leading to frustration. We’ve even…You Can Forget Trying to Call the IRS and Find Your Answers Online
The Internal Revenue Service today announced steep declines in tax-related identity theft in 2017, attributing the success to the Security Summit initiatives that help safeguard the nation’s taxpayers. Key indicators of identity theft dropped for…Key IRS Identity Theft Indicators Continue Dramatic Decline in 2017; Security Summit Marks 2017 Progress Against Identity Theft
With the surge of tax returns expected during the upcoming Presidents Day weekend, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need from the…Avoid the Rush over Presidents Day Holiday; Online Tools, Resources Can Help
The IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: 1. Don’t panic. Simply responding…Seven Things to Do When an IRS Letter Arrives
If your Where’s My Refund? Status Bars Have Disappeared PLEASE READ! One way to determine what is going on with your tax return is to go to the IRS website and request an Account Transcript.…2018 Tax Transcript Cycle Code Chart
Transaction Codes (TC) consist of three digits. They are used to identify a transaction being processed and to maintain a history of actions posted to a taxpayer’s account on the Master File. Every transaction processed by the IRS…IRS Transcript Transaction Codes
No matter how hard you try to safeguard personal information, there is still a chance that someone could steal or otherwise misuse your dependent’s Social Security number. Often, the use of another taxpayer’s Social Security…What Should You Do If Someone Claims Your Children On Their Tax Return?
Millions of taxpayers are going transcript crazy right now and wasting the IRS time that they could be processing our returns. We all need to slow down if you order your transcripts by mail the…Tax Transcripts Don’t Order Them View Them
Congratulations, Wednesday, January 24 marks the First day for movement on some taxpayers accounts in the 2018 tax filing season. Many taxpayers woke up this morning with a change to their refund status. If your…How many people received and update in the first batch of 2018 updates!
Congratulations! Accepted means your e-filed tax return has passed the initial inspection (Social Security numbers are correct, dependents haven’t already been claimed, etc.) and the government has your tax return. Consider acceptance as your official government delivery receipt.…How many have received emails that tax returns are being accepted!
It turns out that there is no set time schedule for when refunds have to be given to people who file taxes (and who qualify). This is probably not the answer that you wanted and is…How Long Can the IRS Delay Your Tax Refund?
When filing tax returns, the second question everyone asks is “How long does it take to get my tax refund back?” Of course, the first question everyone asks is “How much is my refund?” Tax…How Long Does it Take to Get Your Tax Refund Back?
How much money do you have to make to file taxes? What is the minimum income to file taxes? Let’s take a look at the requirements for the minimum income to file taxes in 2017…How Much Money Do You Have to Make to File Taxes?
Which States Still Charge a Penalty? As of the most recent filing year, these states have their own individual mandate penalties: These penalties are collected through your state tax return, not the federal return. How…How Much is the Penalty for No Health Insurance?
The government shut down early Saturday, January 20th after Congress failed to agree on a funding bill. That triggered automatic furloughs for government employees deemed “non-essential.” That means only a portion of each federal agency’s…What Does The Government Shutdown Mean For Taxes?
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
Understanding Refund Advances, Costs, and Whether They Make Sense Every tax season, millions of taxpayers consider applying for a refund advance — a short-term loan offered by tax preparation companies that allows you to receive…Should You Apply for an Advance on Your Tax Refund?
The IRS Just Updated the Withholding Tables for This Year Any time the IRS updates the federal income tax withholding tables, it immediately affects your net paycheck, not just your yearly refund.These tables determine how…What the New Tax Withholding Tables 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