The IRS has yet to release an official first day to file taxes in 2017, but we estimate January 24th, 2017 to be the first day to file in 2017. The IRS will begin accepting the 2016 Tax Returns on January 24th, 2017. In previous years, we have seen the IRS announce their official start…
Most taxpayers know about the big itemized deductions that can lower your tax bill, like mortgage interest, state income taxes, real estate taxes, and charitable donations. But these are just the most obvious ones to put on Schedule A. If you really want to pry loose some additional money-saving deductions, you’ll need to think beyond…
The information being stolen is a big problem for taxpayers. At first, they thought that this was only a rumor until the rumors became reality when the IRS was staggered by a number of complaints from taxpayers, stating that they were somewhat abused by criminals who are using their own tax identities for an unrighteous…
Last year’s income tax season was marked by an explosion of refund theft. Will this year be any different? Increased protections may cut down on fraud but will likely draw out the wait for your money. Changes will be visible when you use tax preparation firms and filing software, with warnings akin to those from…
When you’re waiting for your refund there’s nothing more annoying than not being able to get a phone number for a real person. Sometimes the online “where’s my refund” portal just doesn’t cut it or doesn’t answer your question and you really need to talk to a live person to get your question answered. As…
IRS Account Transcripts Transaction Codes Transaction Codes (TC) can be found on your account transcript and consist of three digits. They are used to identify a transaction being processed and to maintain a history of actions posted to a taxpayer’s account on the Master File. Every transaction processed must contain a Transaction Code to maintain…
An Update on IRS Funding Patterns As of this morning, the IRS has paid approximately 70% of refunds related to taxpayers who filed within the first weeks of the season. That leaves approximately 30% of these taxpayer refunds yet to be paid by the IRS.This year, the IRS has generally paid refunds on a weekly…
The 2016 tax season is starting off badly for the Internal Revenue Service The agency on Tuesday said hackers last month used malware to automatically generate E-file personal identification numbers that could help them steal tax refunds. The attack involved 464,000 Social Security numbers that had already been stolen, of which 101,000 were used to…
Did you have any problems filing your 1095A forms? We have had users saying that they downloaded their 1095-A form online and filed it with their taxes. And the IRS is reporting different numbers on the forms then what they have in the system. And now they have errors and their tax returns are being…
IRS Reference Code 9001 IRS Reference Code 9001: “Taxpayer accessed Refund Status using a secondary TIN. The refund Status could not be returned. Get a Primary TIN Analyze account and follow appropriate IRM.” The IRS has an entire manual dedicated to errors and problems that they encounter during the course of doing business. Some of these…
