RefundtalkThe IRS begins accepting tax returns in mid to late January each year. But if you don’t have all of your tax documents by then, don’t stress out. Federal law gives employers, as well as other companies preparing tax documents (such as banks, educational institutions, etc.), until January 31 to distribute/postmark all forms. If they are sent by mail, then, you may not receive your documents until early February. If you want to get a…
Category Archives: Tax Return Filing
Get Your Tax Information ready early to Avoid Surprises
Adjust withholding The IRS urges everyone to use the Tax Withholding Estimator to perform a paycheck or pension income checkup. This is even more important for those who received a smaller refund than expected or owed an unexpected tax bill last year. It’s also a good idea for anyone who had a key life event,…
Taxpayers Who Requested an Extension: The deadline is Oct. 15
October 15 is the filing deadline for taxpayers who requested an extension for their 2018 tax return. However, those who have an extension should mark this coming Tuesday, Oct. 15 as the deadline to file. While the deadline is just around the corner, there are still things these taxpayers can remember to make sure they…
What is My Filing Status?
Basically, when it comes to filing your personal tax return, there are five filing statuses you may choose from: single individual, married person filing jointly or surviving spouse, married person filing separately, head of household and a qualifying widow(er) with dependent children. Filing incorrectly can cost you a bundle in tax dollars as well as…
The Benefits Of Electronic Filing
Of all the intricacies of tax preparation, few aspects are as beneficial as electronic filing or e-filing. Not only is this advantageous to the Internal Revenue Service, as it reduces paperwork, it is also a benefit to individuals filing their tax returns. Here are just a few of the ways you can enjoy all electronic…
What to do if you have Unfiled Tax Returns
Unfiled Tax Returns Some people avoid filing their tax returns because they don’t want to, or can’t afford to pay taxes they owe to the IRS. Others simply forget or don’t know they need to file. Whatever the reason may be, having previous years of unfiled tax returns can create problems whether you are due…
Tax Benefits for Members of the Military
Military members benefit from a variety of special tax benefits. These include certain nontaxable allowances, non-taxable combat pay, and a variety of other special tax provisions. Here is a rundown on the most prominent of the tax benefits. Service Member Residence or Domicile A frequent question by service members is “What is my state of…
How To Obtain Prior Years IRS Tax Returns
The Internal Revenue Service reminded taxpayers who need their prior-year tax records to either complete their tax return or to validate their income and use Get Transcript Online or Get Transcript by Mail. Taxpayers often call or visit the IRS seeking their prior-year tax transcript, which is a record of their tax return. But the…
Common IRS Tax Filing Questions
These are some of the most common questions we see on a daily basis. All Refunds Are Delayed The IRS issues more than nine out of 10 refunds in less than 21 days. Eight in 10 taxpayers get their refunds faster by using e-file and direct deposit. It’s the safest, fastest way to receive a…
Tax Filing Tips
In preparation for the tax season, it is imperative that you have a strategy to complete your taxes quickly, accurately, and with as little hassle as possible… all while keeping the cost down. With those things in mind, here are eight tax filing tips to help keep you sane this tax season. 1. Start and Finish…
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