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…
There are pros and cons to either filing your taxes now or holding off a few more weeks in terms of the proposal for $1,400 stimulus payments. As Democrats push forward with crafting the next massive coronavirus economic relief package, key details surrounding the third stimulus check are coming into focus. Taxes are going to…
Even though the IRS issues most refunds in less than 21 days, it’s possible a taxpayer’s refund may take longer. Several factors can affect the timing of a taxpayer’s refund after the IRS receives their tax return. Here are a few things taxpayers should keep in mind if they are waiting on their refund but…
There are different ways to obtain tax return information. Most requests can be satisfied with a computer printout of your return information called a transcript. However, sometimes you need an exact copy of a previously filed and processed tax return with all attachments (including Form W-2). Copies are generally available for returns filed for the…
Everyone has a responsibility to pay his or her taxes each and every year. There are severe penalties imposed by the IRS if you avoid or neglect a tax filing submission, and you don’t want to make life chaotic for yourself. The solution, then, is simple, and it furthermore requires you to stay on top…
The IRS Modernized e-file, the system that processes electronically-filed business returns, will shut down after December 27, 2018, so the agency can perform annual maintenance and to enable the IRS to reprogram the system for the upcoming 2019 tax-filing season. The Internal Revenue Service reminds people, including those in disaster areas, who want to file…
When filing tax returns, the second question everyone asks is “How long does it take to get my tax refund back?” Of course, the first question everyone asks is “How much is my refund?” Tax Refund Direct Deposit versus Mail If you want to get your refund faster, opt for the direct deposit route. Not…
How much money do you have to make to file taxes? What is the minimum income to file taxes? Let’s take a look at the requirements for the minimum income to file taxes in 2017 (and due in 2018). Minimum Income Requirements The IRS released the minimum income to file taxes in 2017. For the…
The government shut down early Saturday, January 20th after Congress failed to agree on a funding bill. That triggered automatic furloughs for government employees deemed “non-essential.” That means only a portion of each federal agency’s employees will continue to work through the shutdown. A shutdown plan posted on the Treasury Department’s website shows that nearly…
We have been getting multiple reports that some taxpayer tax refunds never hit their cards or banks. If you never received your tax refund after seeing a scheduled direct deposit date message here are a couple of things to remember. Here are a few steps you can take if you never received your tax refund…
