RefundtalkThe Internal Revenue Service has extended the deadline for filing individual tax returns for 2019 to July 15, 2020 from April 15 in response to the coronavirus pandemic. The change came just two days after the agency extended the tax-payment deadline to July 15, 2020. Millions of taxpayers now have an extra three months to…
Category Archives: Tax Return Filing
Taxpayers should remember these tips when searching for a tax preparer
The tax filing season is upon us, and many people will be looking for someone to help them file a tax return. Taxpayers should choose their tax return preparer wisely. This is because it’s ultimately the taxpayer who is responsible for all the information on their income tax return. It’s important for people to remember that this is…
Who should file a Tax Return?
While many people are required to file a tax return, it’s a good idea for everyone to determine if they should file. Some people with low income are not required to file but will need to do so if they can get a tax refund. Here are five tips for taxpayers who are deciding whether…
IRS Announces the Start of E-File Test Batch(HUB Testing) for 2020
The IRS has announced that the 2020 tax filing season will begin on January 27, 2020. Tax preparation companies will be participating in the controlled launch of the e-file system (HUB Testing) with the IRS between the dates of Monday, January 13 – Wednesday, January 15 and Tuesday, January 21 – Thursday, January 23. During…
IRS Free File Opens Jan. 10, 2020!
Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online tax providers − opens today at IRS.gov/FreeFile for the 2020 tax filing season. Taxpayers whose adjusted gross income was $69,000 or less in 2019 – covering most people – can do their taxes now, and the Free…
Direct Deposit is the Fastest Way to Receive a Tax Refund
With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. It’s simple, safe and secure. Taxpayers can also get their refund deposited into one, two or three different accounts if desired.…
When is the first day to file taxes in 2020?
The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020. More than 150…
Can I File Taxes using my Last Paycheck Stub?
No, you should NOT file your tax return using your last paycheck stub. It is against the law and it can and will cause major delays in receiving your tax refund. Your last paycheck stub is not guaranteed to be an accurate statement of your annual earnings, and it could be missing some of the…
What to Do If You Made a Mistake on Your Taxes
Do you have any idea how many tax returns are filed in the United States each year? The answer, according to the IRS, over 140 million through May 2019 for the current tax year. Now, how many of them do you think were absolutely perfect and mistake-free? The IRS doesn’t post that number, but they do…
How Do You Determine When A Child Becomes A Separate Taxpayer
Most of the time, children are considered to be an extension of their parents when it comes to a legal application until the age of majority. Therefore, many taxpayers are surprised to learn their child is a separate taxpayer, even as a minor. If your child has enough income, he or she has an obligation…
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