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…
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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…
Please Participate if You Filed Taxes Before Feb. 5
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…
IRS Will Update “Where’s My Refund” Tool February 18
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…
Your Tax Return is Still Being Processed – Refund Date will be provided when available?
What does “Your tax return is still being processed” mean? The tax refund status message “your tax return is still being processed” is used by the IRS to inform taxpayers that the IRS is Still…
Avoid the Rush; Use IRS.gov for Quick Answers to Questions
The Internal Revenue Service today reminded taxpayers that the next couple of weeks, especially around Presidents’ Day, marks the busiest time of year for IRS toll-free phone services. Taxpayers can avoid the rush by getting…
2017 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…
Does the PATH ACT message mean I am done Processing?
Taxpayers claiming the Earned Income Tax Credit(EITC) or the Additional Child Tax Credit(ACTC) will update to the PATH Message Once your tax return status goes from “We have received your tax return and it is…
Has Anyone Received A Notice From The IRS
Understanding Why IRS Letters Arrive and What They Usually Mean When tax season begins and mail starts arriving, many taxpayers ask a common question: “Has anyone received a notice from the IRS?” Notices are extremely…
IRS Answers Common Early Tax Season Refund Questions
What Early Filers Should Know Before Expecting Direct Deposit Updates Every year when filing season opens, the IRS begins receiving millions of tax returns at the same time. Many taxpayers assume that filing early automatically…
IRS “Dirty Dozen” Tax Scams
Important Warnings Every Taxpayer Should Know Each year, the IRS publishes a list of the most common and dangerous tax scams targeting taxpayers during filing season. Known as the “Dirty Dozen,” this list highlights schemes…
IRS warns W-2 phishing scam is spreading
The Internal Revenue Service is cautioning a variety of organizations that the W-2 phishing email scam is now spreading to more organizations beyond corporate America, with schools, restaurants, hospitals and tribal groups now being targeted…
What does it mean to have your tax refund offset?
Understanding Why the IRS Takes Refunds and Where Your Money Goes If you were expecting a tax refund and suddenly received less money than expected—or no refund at all—you may have had your tax refund…
Top Facts Filers Should Know for Opening Day
Opening Day for the IRS is Today January 27, 2020. The Internal Revenue Service has set the opening day for the 2020 tax filing season for Monday, Jan. 27, 2020. That’s the day the IRS…
IRS Publication 17 – One Stop For Tax Help
What It Covers, Why It Exists, and How Every Taxpayer Can Use It IRS Publication 17 is one of the most useful resources the IRS provides for individual taxpayers. It serves as a comprehensive guide…
Can You Claim a Baby Who Was Just Born on Your Taxes?
Understanding Dependent Rules for Newborns and Refundable Credits If your baby was born during the current tax year, you may be able to claim your child as a dependent on your tax return, even if…
How to File Income Tax When You Were on Workers’ Compensation All Year
Understanding Tax Rules for Workers’ Comp Payments Many taxpayers receive workers’ compensation after an injury or illness and wonder whether they need to file a tax return if they were on workers’ comp the entire…
Can My Boyfriend Claim My Child on His Taxes?
Everybody loves tax exemptions. They reduce the amount of your taxable income, which affects the amount of taxes you pay. You can take a personal exemption for yourself, and you get an exemption for each…
What Causes Delays in the IRS’ Approval of Electronic Tax Returns?
Why Some E-Filed Returns Are Accepted Immediately and Others Are Not Electronic filing is the fastest and most common way to submit a federal tax return, but that does not guarantee instant approval. When a…
Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers
Understanding the PATH Act Delay and What It Means for Your Refund Every tax season, millions of families depend on refunds tied to the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit…
IRS Proposes Changes to Rules for Dependents
The IRS is proposing to change its position on when taxpayers may qualify as childless for purposes of the Sec. 32 earned income tax credit (REG-137604-07). The proposed regulations, issued on Thursday, would also make…
If the IRS rejects your tax return, these codes will explain what went wrong
Understanding IRS Reject Codes, E-File Errors, and What to Do Next A rejected tax return can feel alarming, but rejection does not mean you are under audit or that the IRS has denied your refund.…
Identity Theft and Refund Fraud Overview
Understanding the Problem and What the IRS Is Doing About It Identity theft and refund fraud continue to be among the fastest-growing threats facing taxpayers every filing season. Criminals use stolen Social Security numbers, W-2…
Here’s why millions will face tax refund delays from the IRS
What’s Causing Delays and How They Affect Next Tax Season Every year, millions of taxpayers wait for a federal tax refund to help with bills, rent, childcare, debt payments, and everyday expenses. But refund timing…
Tax Season Important Reminders
Deadlines, Documents, Delays and What Every Taxpayer Should Do Before Filing Every tax season brings important updates that affect filing deadlines, refund timing, credits, and required documentation. Preparing early helps prevent errors, reduces refund delays,…
What Will the IRS of the Future Look Like?
(Modernization, Automation, Artificial Intelligence and Faster Digital Taxpayer Services) The IRS has operated for decades on legacy systems, outdated technology platforms, manual processing, and paper-based files that were never designed to handle modern tax data.…
The Amounts of Some Tax Penalties Have Increased
What Taxpayers Need to Know Before Filing Tax penalties are not just a threat for late filers or people who owe back taxes. Several IRS penalties automatically increase based on inflation, meaning the dollar amount…
Common Earned Income Tax Credit Errors!
Did you know about 27 percent of Earned Income Tax Credit returns are paid in error? According to the IRS, the five most common errors account for more than 60 percent of erroneous claims. Remember,…
How New IRS Security Safeguards Will Affect You
What Taxpayers Should Expect During Filing Season Identity theft and refund fraud continue to grow each year, and the IRS is responding with a series of new security safeguards designed to stop criminals before refunds…
Avoiding the ‘Obamacare penalty’
What You Must Know About Health Coverage Requirements For several years, many taxpayers feared the so-called “Obamacare penalty,” formally known as the Shared Responsibility Payment under the Affordable Care Act (ACA). The penalty applied to…
Direct Deposit for Tax Refunds can go wrong
What Taxpayers Need to Know Before Their Refund Is Sent Direct deposit is the fastest way to receive your federal tax refund, and most taxpayers choose it every year. But direct deposit only works smoothly…
When do I get my tax refund?
Understanding the IRS Timeline, Processing Stages, and Realistic Expectations The moment you submit your federal tax return, the question everyone really wants answered is simple: When will my tax refund arrive? The truth is there…
Which Online Tax Service is Best?
Choosing the Right One Depends on Your Filing Situation There is no single “best” online tax software for everyone. Every platform has different strengths depending on how complex your return is, what credits you claim,…
15 Red Flags that will get you audited by the IRS
And How to Avoid Triggering IRS Review Nobody wants an IRS audit. It’s stressful, time-consuming, and potentially expensive if your taxes weren’t prepared correctly. Most audits are avoided simply by knowing what triggers IRS attention…
Important Tax Deadlines and Dates
2017 Tax Filing Deadline Calendar January 16, 2017 April 17, 2017 June 15, 2017 September 15, 2017 October 16, 2017