The Most Useful IRS Tools for Taxpayers The Internal Revenue Service encourages taxpayers to use their free online IRS tools and resources to find the information they need to get ready to file their federal tax returns. Specifically, IRS.gov is a…

Did The IRS Reject Your Tax Return? Here’s What You Should Do Most taxpayers now use e-file to submit their returns. The process is easy to use, especially with the help of tax preparation software. On occasion, however, you may find that your electronically filed tax return…

IRS E-File Test Batch(HUB Testing) for 2023 Every year, the IRS accepts several batches of tax returns to test in a Controlled Launch before they are officially open. Every tax season about a week in advance the IRS routinely runs a Controlled Release…

Do You Know if You Filed a False Tax Return? Most of us would not intentionally commit tax fraud. Being convicted of filing fraudulent tax returns can put a crimp in your professional life, not to mention the possibility of going to prison. Yet, some people…

The Benefits of Filing Taxes Early: Maximizing Your Financial AdvantageAs tax season approaches, many individuals find themselves wondering when they can file their taxes. While the official tax filing deadline is typically April 15th in the United States, the good news is that you can…

2023 IRS E-File Tax Refund Direct Deposit Dates 2023 IRS E-File Refund Cycle Charts The IRS will begin accepting 2022 tax returns on January 23, 2023, with nearly 165 million individual tax returns expected to be filed in 2023. The nation’s tax deadline wi…

The IRS watchdog reported this week that the agency is unlikely to eliminate a huge backlog of tax returns this year, again leaving many U.S. taxpayers waiting for their returns and their tax refunds to be…

IRS Postpones Implementation Of $600 Form 1099-K Reporting By A Year As a result of taxpayer confusion, lack of clear guidance, concerns about the existing backlog, and impact on the upcoming filing season, industry and stakeholders urged the IRS to postpone the implementation of…

Child Tax Credit Changes For 2023 The 2022 tax season is right around the corner, and now is a great time to start thinking about your upcoming tax return and refund. There have been many tax changes in 2022 that could have an impact on your return…

Several tax changes are effective in 2022. Some of the more significant changes are:

Child Tax Credits

Child tax credit reverts back to $2,000 per child under the age of 17 and is only refundable up to…

Are You a Tax Return Ghost Preparer? With 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 iss…

IRS Reference Code 1242 is a processing code the IRS uses to review tax returns it thinks might be fraudulent. The IRS will hold your return until they can validate certain information on it.

The IRS has…

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…

2022 Education Tax Credits Eligible taxpayers who pay college expenses for themselves, their spouses, or their dependents may be able to take advantage of two 2022 education tax credits. Both the American Opportunity Tax Credit and the…

Tax Transcript Processing Date The Processing Date represents the date when the IRS expects to have your tax return and tax refund processed. IRS Transcript Processing Date What is a Tax Transcript Processing Date? This processing…

How to read your Account Transcript Here’s a breakdown of what everything on your Account Transcripts means. Request and Response Dates The Request date shows the date you requested your transcripts and the response date shows when…

Tax Transcript Code 846 on your tax transcript means that the IRS has issued you a refund for your tax return. You can use the cycle code to find out when your tax return started processing and the explanation of…

IRS Cycle Code Deciphering Your IRS Cycle Code What is an IRS Cycle Code? The IRS cycle code is an eight-digit code that you can find on your online tax account transcript once your tax return has been accepted and…

2023 Tax Refund Updates Calendar IRS Where’s My Refund? Updates Calendar for 2023 IRS Transcript and the Where’s My Refund? Updates Calendars! Important Tax Transcript and Where’s My Refund update cycle. Tuesday Transcript Updates -…

Tax Refund Sent to The Wrong Account? Last year, the IRS processed over 128 million refunds at an average amount of $2,775 each. The majority of those were sent through direct deposit. The IRS encourages taxpayers to use this method because it t…