What does Tax Topic 203 Mean?
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…
Did your Tax Return get selected to take part in the IRS Test Batch this year?
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…
Avoiding Tax Offsets Due to Student Loan Debt
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…
Should You Apply for an Advance on Your Tax Refund?
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…
What the New Tax Withholding Tables Mean for Your Take-Home Pay
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…
How do I Check the Status of my Federal Tax Refund?
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…
Reasons You Should File Your Taxes Early
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…
How much should you pay to file your taxes?
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…
Daily vs. Weekly Account Processing
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…
How to Read an IRS Account Transcript
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…
Tax Software to E-File your Tax Return
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…
IRS Announces when Tax Filing Season will start in 2018!
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…
2018 Tax Refund Updates Calendar
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…
Are you waiting on your IP PIN in the mail?
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…
2018 Tax Transcript Cycle Code Chart
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
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…
2018 IRS Posting Cycle Code Charts
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…
Your ITIN may expire before you file a tax return in 2018
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…
About Your Notice
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…
National Tax Security Awareness Week: Victims of Data Breaches Should Consider These Steps
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: Online Security – Seven Steps for Safety
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,…
Plan Ahead for 2018 Filing Season to Avoid Refund Delays
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…
House Budget Committee Proposal to Hold All Tax Refunds until the IRS can Verify Incomes of All EITC Filers
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…
Remember: IRS will Start Enforcing ObamaCare’s Individual Mandate
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…
Tax Filing Extension Expires Oct. 16 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits
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…
PATH ACT LAW will Delay Tax Refunds Every Year
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…
IRS Making Important Changes to e-Services Platform
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 grants tax extensions to those effected by Hurricane Harvey and Irma
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 erroneously paid $152M in refundable tax credits
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 targets summer rollout for e-Services upgrade
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…
Here’s Why Tax Day Is April 18 This Year
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…
How many Early Filers Still Have Not Received a Tax Refund?
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…
IRS letter announcing latest private tax debt collection effort going out to affected taxpayers
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 Temporarily Shuts Down Tool Used To Complete FAFSA
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 Returns
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…
Direct Deposit Is Fast and Convenient, Though Mistakes Can Cost Your Refund
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…
IRS Investigated 3,400 Cases of Tax ID Theft, Laundering, Cybercrime and Terrorism in 2016
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…
The Most Googled Tax Terms by State
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…
How Quick has the IRS Processed your Return this Year?
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…
Where’s My Tax Refund Check?
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…
How many people did not receive their Direct Deposit on their Scheduled Day?
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…
Did you e-file a tax return before February 18, 2017
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…
How Many People Had to Verify Identity?
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…
Tax Refund Offsets
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…
How many people did not receive their Direct Deposit on their Scheduled Day?
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…
What Happens When Your Tax Return Is Flagged for Review?
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…
IRS 5071C ID Verify Letter
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…
How many have received an IRS letter 12C about a missing Form 8962 on their tax return?
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…
IRS Reference Codes on Where’s my Refund?
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
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…