Most taxpayers can get an early start on their federal tax returns as IRS Free File – an online tax preparation product available at no charge − opens today January 12, 2024, for the 2024 tax filing season. The Internal Revenue Service today announced that the IRS Free File Guided Tax Software service is ready for taxpayers…
National Taxpayer Advocate Erin M. Collins today released her 2023 Annual Report to Congress, describing 2023 as a year of “extraordinary transition for the IRS and therefore for taxpayers.” The report credits the Internal Revenue Service with substantially improving taxpayer services and developing plans to transform the taxpayer experience in the coming years, but it identifies…
Every year, the IRS accepts several batches of tax returns to test in a Controlled Launch before they are officially open. Every tax season about a week in advance the IRS routinely runs a Controlled Release Process(“HUB Testing”) from various e-file providers (including free online e-file services) every year to test their systems. A small…
Are you curious about the status of your tax refund? The IRS Where’s My Refund tool is your go-to resource for tracking your refund journey. To simplify the process, here’s a comprehensive guide on the most common things you’ll need when using the tool. Essential Requirements for Checking Your Tax Refund Status with IRS Where’s…
Are you curious about the status of your Amended tax refund? The IRS Where’s My Amended Refund? tool is your go-to resource for tracking your refund journey. To simplify the process, here’s a comprehensive guide on the most common things you’ll need when using the tool. Essential Requirements for Checking Your Tax Refund Status with…
The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns. The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. Although the IRS…
Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue these refunds before mid-February. The IRS expects the first EITC/ACTC-related refunds to be available in taxpayer bank accounts or on debit cards…
A cycle code is an eight-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 four digits of the current cycle year, two-digit IRS cycle week, and two-digit processing day of the week. Cycle Code Breakdown Example: 20190604 =…
IRS Where’s My Refund? Updates Calendar for 2024 IRS Where’s My Refund? and Tax Transcript Updates Calendars! Important Tax Transcript and Where’s My Refund update cycle. What time does Where’s My Refund Update? Updates to Where’s My Refund are recorded in the EST time zone. If you are in a different time zone use this chart…
As taxpayers gear up for the approaching tax filing season, it’s crucial to choose tax return preparers with the right skills, education, and expertise to ensure accurate preparation of tax forms. Regardless of who prepares the return, taxpayers bear ultimate responsibility for all the information included. Various types of tax preparers, such as certified public…
