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 and landing several days later on your calendar. In 2017, tax day is April 18. Wondering why tax day changes?…
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 much movement get some Transcript Updates Today. Please take part in the poll below so that we can determine how…
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 collectors. Again. And those companies’ employees, as subcontracting agents of the IRS, will be calling folks about the money they…
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 jointly announced the suspension of a data retrieval tool that, among other things, makes it a lot easier for families…
If you discover an error after filing your return, you may need to amend your return. The IRS may correct mathematical or clerical errors on a return and may accept returns without certain required forms or schedules. In these instances, there’s no need to amend your return. However, do file an amended return if there’s…
Individuals have the option to have some or all of their federal tax refund directly deposited to their bank account. With direct deposit, the IRS electronically transfers your tax refund to your bank account, which is often faster than receiving a check in the mail. The IRS typically issues refunds in 21 days or less.…
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 IRS Criminal Investigation annual report, reflecting the significant accomplishments and criminal enforcement actions taken in the fiscal year 2016.…
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 luck! No matter who you are, you can’t avoid taxes. Whether you’re a small business owner working with an accountant…
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 March 2, 2017, Direct Deposit Date. The IRS has really got the ball rolling this year in processing returns quickly.…
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 follows: The treasury can only deposit refunds electronically into accounts in your own name, your spouse’s name or in a…
