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…
Tax Topic 151 & 152
Here is some information on Tax Topic 151 & 152 that many people asked for. We have also listed the full definitions below you can also visit the IRS Website www.irs.gov to find out more information. Topic 151 – Your Appeal Rights The IRS aims to resolve tax disputes through an administrative appeals process…
Ever wonder what happens to your return once you hit the submit button and e-file your Income Tax Return? Once you submit your tax return it is submitted to one of the five processing centers across the country. Austin Cincinnati Fresno Kansas City Ogden Once one of these processing centers receive your tax return it…
Why Did the IRS Take The Online “Get Transcript” Tool Away From Tax Payers in 2016? IRS Suspension of Online Transcripts is going to be the biggest change to this tax filing season. For the past few years, taxpayers have relied on being able to go online and pull their Personal Tax Account Transcripts. In…
Things can get a little overwhelming towards the end of January. You begin to see everyone able to file their taxes. You’re still waiting for your W-2. You know you’re getting a refund and you want to file your return, but it’s something you can’t do until you receive your annual wage statements. (W-2’s). In…
The Internal Revenue Service recognizes that the loss of a job may create new tax issues. The IRS provides the following information to assist displaced workers. Severance pay and unemployment compensation are taxable. Payments for any accumulated vacation or sick time are also taxable. You should ensure that enough taxes are withheld from these payments…
Results from the 2015 IRS Income Tax Filing Season The annual tax return filing season is a critical period for the Internal Revenue Service (IRS) because it is when most individuals file their income tax returns and contact the IRS if they have questions about specific tax laws or filing procedures. As of May 8, 2015,…
What does my Tax Refund Status Mean? Return Received/Accepted: This simply means that the government has received your e-filed tax return. If you’re getting a refund, the next step is for the government to approve your refund before they can release it to you. What this means for you: The next step is to get…