Starting Tuesday, January 14, 2020, the Get an IP PIN tool will be available at IRS.gov/IPPIN for taxpayers who need to retrieve a lost/missing IP PIN or certain taxpayers who want to voluntarily enter the IP PIN opt-in program. The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse…
The IRS has announced that the 2020 tax filing season will begin on January 27, 2020. Tax preparation companies will be participating in the controlled launch of the e-file system (HUB Testing) with the IRS between the dates of Monday, January 13 – Wednesday, January 15 and Tuesday, January 21 – Thursday, January 23. During…
Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online tax providers − opens today at IRS.gov/FreeFile for the 2020 tax filing season. Taxpayers whose adjusted gross income was $69,000 or less in 2019 – covering most people – can do their taxes now, and the Free…
With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. It’s simple, safe and secure. Taxpayers can also get their refund deposited into one, two or three different accounts if desired.…
The IRS will begin accepting tax returns on January 27, 2020, with nearly 155 million individual tax returns expected to be filed in 2020. The nation’s tax deadline will be April 15 this year. Many software companies and tax professionals will be accepting tax returns before Jan. 27 and then will submit the returns when IRS systems open. …
Initially, the ACA’s individual shared responsibility provisions required most individuals to obtain “minimum essential health insurance” coverage for themselves, and any dependents, or pay a penalty. Through the tax year 2018, taxpayers were also required to report health care coverage and whether they qualify for an exemption from coverage, and make a “shared responsibility payment”…
The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020. More than 150…
What is a Tax Topic? Tax topics are used to group returns and they also outline general information pertaining to your personal tax situation. What is Tax Topic 152? Tax topic 152 is general information pertaining to your tax refund. Tax topic 152 outlines the standard procedures the IRS follows for distributing tax refunds. Is…
No, you should NOT file your tax return using your last paycheck stub. It is against the law and it can and will cause major delays in receiving your tax refund. Your last paycheck stub is not guaranteed to be an accurate statement of your annual earnings, and it could be missing some of the…
Seniors and retirees whose income is under $69,000 a year should explore IRS Free File for free online tax preparation. Seniors are one of the key constituents for Free File which has served 57 million taxpayers and saved them $1.7 billion since the online filing service debuted in 2003. Free File – which features 10…
