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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Where’s my Refund? Updates Calendar for 2018 Below we will show you how to use Where’s My Refund? Updates Calendars! How to use the Where’s My Refund? Update Schedule Click Here for More Tax Refund…
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…
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…
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…
A cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the 4 digits of…
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…
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…
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…
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,…
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…
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…
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…
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…
You filed your taxes on January 20th. You chose direct deposit. You have no errors on your return. By all accounts, you should receive your refund within 21 days—sometime in mid-February, right? Wrong. If you…
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,…
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…
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.…
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…
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…
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…
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…
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…
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…
Why Direct Deposit Is the Best Option — and How to Avoid Costly Errors Direct deposit is the fastest, safest, and most reliable way to receive your IRS tax refund. Millions of taxpayers choose it…
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…
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…
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…
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…
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…
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…
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…
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…
Every Year Millions Ask the Same Question Why didn’t my refund hit my bank today? Every tax season, huge numbers of taxpayers wake up expecting their direct deposit on a specific date only to find…
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 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…
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…
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…
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…
So I woke up this morning and my inbox is full of people that did not get their money in last night’s updates. We are not IRS officials so Please don’t YELL at us. We…
The IRS’s “Where’s My Refund?” tool will be updated by February 18, 2017, for many taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Before February 15, some…