With a new tax law in effect and a surge of tax returns expected during the Presidents Day weekend, the Internal Revenue Service is offering taxpayers several tips and various time-saving resources to get them the help they need quickly and easily. The IRS receives more phone calls on the day after Presidents Day than…
Today, towards the end of the second full week of the 2019 tax filing season, the Internal Revenue Service warned taxpayers to avoid unethical tax return preparers, known as ghost preparers. By law, anyone who is paid to prepare or assist in preparing federal tax returns must have a valid 2019 Preparer Tax Identification Number,…
These are some of the most common questions we see on a daily basis. All Refunds Are Delayed The IRS issues more than nine out of 10 refunds in less than 21 days. Eight in 10 taxpayers get their refunds faster by using e-file and direct deposit. It’s the safest, fastest way to receive a…
IRS Daily and 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: Daily Tax Accounts: Certain individual tax returns undergo daily processing without requiring any additional actions to the taxpayer’s account…
Every year, the IRS accepts several batches of tax returns to test in a Controlled Launch before they are officially open. What is HUB testing? HUB Testing or Controlled Launch is the period when the IRS tests the electronic filing system by receiving a limited number of tax returns in advance of the official opening of the e-file. The IRS…
Tax refund loan products are staging a comeback in recent years, with various vendors rolling out enticing perks tied to your tax refund. Leading tax preparation services are introducing new offerings for tax refund loans this year, but it doesn’t stop there. From car dealerships to furniture stores, numerous places sweeten the deal if you…
The Protecting Americans from Tax Hikes (PATH) Act required the IRS to hold all refunds for returns claiming the earned income tax credit (EITC) and additional child tax credit (ACTC) until February 15. PATH ACT LAW! – By law, the IRS cannot issue refunds for people claiming the Earned Income Tax Credit (EITC) or Additional…
You may have submitted your tax return form weeks ago and you still do not have it in your bank account. Read on to learn about tracking your income tax return status and more. How Long Do I Have to Wait For My Refund? IRS usually has a 21-calendar-day policy in issuing refunds. However, this may take…
What Is the Usual Turnaround Time to Get a Tax Refund? The IRS sends the tax refund within 21 calendar days. Of course, the timeframe assumes your tax return is accurate and free of any red flags or errors. According to their website, the IRS processes the tax refund within the 21 calendar days timeframe approximately 9…
In preparation for the tax season, it is imperative that you have a strategy to complete your taxes quickly, accurately, and with as little hassle as possible… all while keeping the cost down. With those things in mind, here are eight tax filing tips to help keep you sane this tax season. 1. Start and Finish…
