Many individuals may not know they can request, receive, and review their tax records via a tax transcript from the IRS at no charge. Transcripts are often used to validate income and tax filing status…
Every year, the IRS works a large batch of ”unpostable” tax returns. An Unpostable tax return happens when your tax return is unable to be posted to the master file. An unpostable condition occurs if…
If your Where’s My Refund? Status Bars Have Disappeared PLEASE READ! One way to determine what is going on with your tax return is to go to the IRS website and request an Account Transcript.…
No matter how hard you try to safeguard personal information, there is still a chance that someone could steal or otherwise misuse your dependent’s Social Security number. Often, the use of another taxpayer’s Social Security…
Millions of taxpayers are going transcript crazy right now and wasting the IRS time that they could be processing our returns. We all need to slow down if you order your transcripts by mail the…
Congratulations, Wednesday, January 24 marks the First day for movement on some taxpayers accounts in the 2018 tax filing season. Many taxpayers woke up this morning with a change to their refund status. If your…
Congratulations! Accepted means your e-filed tax return has passed the initial inspection (Social Security numbers are correct, dependents haven’t already been claimed, etc.) and the government has your tax return. Consider acceptance as your official government delivery receipt.…
If your student loans are in default, you’re probably worried about your tax refund. Will the student loan lenders take it? First, let’s set the record straight on private loans. Private student loan companies can’t take…
Now that tax season is here, consumers are looking for a reliable, easy way to file their taxes. Why not use an online tax service? These services allow you to easily and safely file your…
The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will…
A cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your account was posted to the IRS Master File. This date indicates the 4 digits of…
The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. This is the…
The fiscal year 2018 budget plan the House Budget Committee approved in July calls for a radical change in the Earned Income Tax Credit (EITC) that could harm millions of low-income working families and cause…
So I woke up this morning and my inbox is full of people that did not get their money in last night’s updates. We are not IRS officials so Please don’t YELL at us. We…
Understanding IRS Reject Codes, E-File Errors, and What to Do Next A rejected tax return can feel alarming, but rejection does not mean you are under audit or that the IRS has denied your refund.…
What’s Causing Delays and How They Affect Next Tax Season Every year, millions of taxpayers wait for a federal tax refund to help with bills, rent, childcare, debt payments, and everyday expenses. But refund timing…
Early filing always becomes a huge topic every January. Some taxpayers rush to file the moment their first W-2 or 1099 appears, hoping to be among the first refund recipients. Others wait—worried about mistakes, fraud…
Why This Matters Right Now Every year, thousands of taxpayers attempt to artificially increase their refund by inflating credits such as: These credits can legitimately produce thousands of dollars in refundable payments. But fraudulently increasing…
Taxpayers have both good news and bad news coming their way this year. First, the bad: Getting some refunds this year might take slightly longer than in prior years. So, what’s the silver lining? There…