…or partner groups. The new page includes a video message from IRS Commissioner Chuck Rettig, warning signs for phishing email scams – a common tactic used for identity theft –…
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…6, 2017, and before Jan. 31, 2018, are granted additional time to file through Jan. 31, 2018. This includes taxpayers who had a valid extension to file their 2016 return…
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…penalties: In addition to the penalties for understating clients’ tax bills, there’s a variety of other fines a tax preparer could face for failing to complete some other tasks. These…
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…not always. Taxpayers can search IRS notices by visiting Understanding Your IRS Notice or Letter. However, not all IRS notices are searchable on that site and just because someone references…
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Feb 24
Tax Refund Offsets
…so that you can call with any additional questions. New debts are added to the database daily, so if the recording says no offsets were found, you may want to…
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…process. The IRS is working on other options but currently, taxpayers in the opt-in program cannot call to obtain an IP PIN. The IRS will share additional communications with taxpayers…
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…older? Catch-up contributions (if allowed by your plan) to a 401(k) or 403(b) (an additional $7,500 for 2022) or IRA (an additional $1,000). Tax-free retirement withdrawals? A Roth IRA or…
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…professional for your return is a great way to eliminate your concerns about mistakes and give yourself back a lot of free time. Using a financial professional to prepare your…
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…check, which passed through the House Ways and Means Committee last week, calls for most Americans to receive a one-time $1,400 direct payment. For taxpayers who file individually, they would…
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…is completely optional and involves some fees. For many taxpayers, the convenience of refund transfers outweighs the additional cost. Refund transfers and refund advances are integrated into most professional tax…
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