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…
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,…
