RefundtalkWith tax season approaching, the Internal Revenue Service (IRS) is again warning consumers and companies to avoid “ghost” tax return preparers. Are you a ghost preparer? Tax preparer fraud is a perennial issue and one which the IRS takes very seriously. All tax preparers in the U.S. are required to identify their role in preparing a return…
Category Archives: Tax Return Preparation
What’s new and what to consider when filing taxes in 2023
The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their 2022 federal tax returns. This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A “Get Ready” page outlines steps taxpayers can take now to make tax filing easier in…
Taxpayers should know what they’re getting when they choose a tax preparer
It’s filing extension crunch time, but people rushing to get their tax return filed should be cautious when choosing a tax preparer. Anyone can be a paid tax return preparer if they have an IRS preparer tax identification number. However, tax pros have different levels of skill, education, and expertise. A taxpayer’s needs will determine which…
TurboTax Maker Intuit Faces Tens of Millions in Fees in a Groundbreaking Legal Battle Over Consumer Fraud:
Faced with a class-action suit filed on behalf of customers who claim they were tricked into paying to file their taxes, TurboTax-maker Intuit knocked the case down. The company insisted its customers had agreed to forego their right to take their grievances to court and were required to use the private arbitration system instead. But…
IRS Free File Opens Jan. 14, 2022!
IRS Free File – online tax preparation products available at no charge – January 14, 2022, giving taxpayers an early opportunity to claim credits like the Recovery Rebate Credit and other deductions, the Internal Revenue Service announced. Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online…
IRS Opening Day for 2022 Tax Season
The Internal Revenue Service has announced that the nation’s tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The Internal Revenue Service announced that the nation’s tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting…
Things to Remember before filing your Tax Return
As we approach a new tax filing season we have compiled a list of things for you to remember before filing your return. DO NOT file your taxes with your last paycheck stub from the year DO NOT file your Taxes with your year’s final paycheck stub. The information on the final paycheck can be…
What taxpayers can do now to get ready to file taxes in 2022
There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure their tax filing experience goes smoothly in 2022. They can start by visiting the Get Ready page on IRS.gov. Here are some other things they should do to prepare to file their tax return. Gather and organize…
Why it’s important that taxpayers know and understand their correct filing status
A taxpayer’s filing status defines the type of tax return form they should use when filing their taxes. Filing status can affect the amount of tax they owe, and it may even determine if they have to file a tax return at all. There are five IRS filing statuses. They generally depend on the taxpayer’s…
Filing a Tax Extension
Even with the extended tax filing deadline this year, some taxpayers may still have needed extra time to file their taxes. Most tax software companies make it easy to file Form 4868 to ensure their clients get the extension they need. Is it too late for my client to file a tax extension? Forms for filing…
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