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Today is Tax Day for 2024!
It's that time of the year again – Tax Day 2024 has arrived! Today marks the deadline for filing your ...
PATH ACT TAX REFUND HOLD 2024 ENDS TODAY
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud ...
IRS Will Update The Where’s My Refund? Tools by February 17
The IRS’s “Where’s My Refund?” tool will be updated by February 17, 2024, for many taxpayers who claimed the Earned ...
Making Sense of Your IRS Refund Status: “Identity Verification” Alert
Tax season brings not only the anticipation of a refund but also the importance of safeguarding one's identity against potential ...
Understanding the “Processing Delay” of IRS Refund Delays
For many individuals, the anticipation of receiving a tax refund is a significant aspect of the tax season. However, if ...
IRS Refund Status: Understanding the “More Information” Letter
Navigating the tax season can be a mix of anticipation and uncertainty. If you've recently checked your IRS refund status ...
House passes bill to enhance child tax credit
On January 31st, the House achieved a noteworthy feat by passing a substantial $79 billion tax cut package with widespread, ...
Things to remember when filing 2023 tax returns
The Internal Revenue Service today offered a checklist to help taxpayers as they prepare to file their 2023 tax returns ...
IRS Where’s My Refund? Status Message: Identity Verification Process
The excitement of anticipating a tax refund can sometimes be tempered by the IRS "Where's My Refund?" status messages. One ...
IRS Initiates Tax Return Acceptance Today, Marking the Start of the 2024 Tax Filing Season.
The Internal Revenue Service successfully opened the 2024 tax season today by accepting and processing federal individual tax returns as ...
Earned Income Tax Credit Awareness Day Jan. 26, 2024
The Internal Revenue Service and partners around the nation today launched the annual Earned Income Tax Credit Awareness Day outreach ...
IRS launches Simple Notice Initiative redesign effort
Shorter, clearer letters to reduce taxpayer confusion; about 170 million notices are sent to individual taxpayers annually The Internal Revenue ...
Unveiling the New Look of IRS Where’s My Refund? Tools – A Digital Transformation
In an era where digital interfaces play a crucial role in our daily lives, the Internal Revenue Service (IRS) is ...
Did Your Tax Return Get Accepted Before the IRS Opening Day in 2024?
The 2024 tax season is underway, and a few early taxpayers have already received notifications from both Where's My Refund? ...
Tax credits and deductions for individuals
Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they ...
The Taxpayer Bill of Rights protects all taxpayers year-round
The Taxpayer Bill of Rights is the 10 rights all taxpayers have any time they interact with the IRS. These ...
2024 IRS Tax Refund Direct Deposit Dates
2024 IRS E-File Tax Refund Cycle Charts Explore our comprehensive guide for the 2024 IRS e-file direct deposit dates! Stay ...
IRS Free File Opens Jan. 12, 2024!
Most taxpayers can get an early start on their federal tax returns as IRS Free File – an online tax preparation product ...
Annual Report to Congress by National Taxpayer Advocate: Spotlight on Paper Processing Delays and Their Impact on Taxpayers
National Taxpayer Advocate Erin M. Collins today released her 2023 Annual Report to Congress, describing 2023 as a year of “extraordinary ...
IRS E-File HUB Testing Information for 2024
Every year, the IRS accepts several batches of tax returns to test in a Controlled Launch before they are officially ...
Where’s My Refund? Insight
Are you curious about the status of your tax refund? The IRS Where's My Refund tool is your go-to resource ...
Where’s My Amended Refund? Insight
Are you curious about the status of your Amended tax refund? The IRS Where's My Amended Refund? tool is your ...
IRS Opening Day Set for the 2024 Tax Season
The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax ...
IRS PATH ACT
Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According ...
2024 Tax Transcript Cycle Code Charts
A cycle code is an eight-digit code found on your account transcripts. The cycle code indicates the day your account ...
2024 Tax Refund Updates Calendar
IRS Where's My Refund? Updates Calendar for 2024 IRS Where's My Refund? and Tax Transcript Updates Calendars! Important Tax Transcript ...
Choosing a Reputable Tax Preparer is Vital to Tax Security
As taxpayers gear up for the approaching tax filing season, it's crucial to choose tax return preparers with the right ...
October 16, 2023, is the Tax Filing Extension Deadline!
Attention, taxpayers! We want to remind you that the tax filing extension deadline for the year 2023 is fast approaching ...
Government Shutdown Looms: How it Could Impact IRS Operations and Taxpayers
As October approaches, there is growing concern over the possibility of a government shutdown, which could have significant repercussions for ...
When Can I Expect My Tax Refund?
Tax season can be a stressful time for many, but one question that's always on the minds of taxpayers is, ...
Where’s My Refund? A Guide for Taxpayers
Tax season is a time of anticipation and financial planning for many Americans. Whether you're expecting a substantial refund or ...
IRS Transcript Code 290: Additional Tax Assessed
Tax season can be a confusing time for many individuals, especially when you receive notifications and transcripts from the Internal ...
IRS Transcript Code 280: Understanding Account Resolution Pending
Tax season can be a confusing and stressful time for many individuals and businesses. One of the tools the Internal ...
IRS Transcript Code 340: Understanding the Failure to Pay Penalty
Tax season can be a stressful time for many Americans, and dealing with the Internal Revenue Service (IRS) can sometimes ...
Understanding IRS Transcript Code 380: Balance Due on Return
Tax season can be a stressful time for many, and understanding the various codes and forms the Internal Revenue Service ...
IRS Transcript Code 424: Understanding Examination Request
Taxpayers often find themselves perplexed by the cryptic codes and terminology used by the Internal Revenue Service (IRS). One such ...
IRS Transcript Code 972: Reconsideration of Your Tax Return
Tax season can be a stressful time for many individuals and businesses. If you've ever received a notice or transcript ...
IRS Transcript Code 420: Understanding Examination of Tax Return
Tax season can be a stressful time for many individuals and businesses. It's not just about filing your taxes; it's ...
IRS Transcript Code 290: Understanding Additional Tax Assessed
Tax season can be a stressful time for many Americans, and receiving a notice from the Internal Revenue Service (IRS) ...
IRS Transcript Code 971: Injured Spouse Allocation
Tax season can be a stressful time, especially for couples who file joint tax returns. If one spouse has outstanding ...
IRS Transcript Code 766: Understanding the Credit to Your Account
Tax season can be a stressful time, filled with complicated forms, calculations, and endless paperwork. If you've recently requested an ...
Reducing Unprocessed Tax Returns and Amended Returns in 2023
The Internal Revenue Service (IRS) has been working diligently to address the backlog of unprocessed tax returns and amended returns ...
IRS Cycle Code: Understanding and Locating Your Processing Cycle Code
When it comes to deciphering the inner workings of the Internal Revenue Service (IRS), understanding the cycle code can be ...
The As Of Date on IRS Tax Transcripts: Understanding its Significance
When obtaining IRS Tax Transcripts, you may come across an As Of Date mentioned on the document. This date holds ...
How Tax Refund Checks Are Distributed and Delivered
As taxpayers, we eagerly anticipate the arrival of our tax refund checks. But have you ever wondered how the IRS ...
Tax Refund Status: “We Have Received Your Tax Return and It Is Being Processed” vs. “Your Tax Return Is Still Being Processed”
Filing taxes can be an anxious time, and waiting for your tax refund can add to the anticipation. When checking ...
Tax Transcript Codes 570 and 971: Understanding Additional Account Action Pending and Notice Issued
Tax season can often bring confusion and anxiety, especially when encountering unfamiliar codes on your tax transcript. Two common codes ...
Decoding Tax Transcript Code 150: Understanding its Significance
Tax season can often leave us puzzled by the numerous codes and terminologies we encounter. One such code is "150" ...
Tax Transcripts: A Step-by-Step Guide to Break Down and Understand Them
Tax transcripts are essential documents that provide a detailed summary of your tax return information. While they may appear complex ...
Unraveling the Delayed Tax Refunds: Unprecedented Challenges Faced by the IRS in 2023
Tax season is a time that often evokes mixed emotions for individuals and businesses alike. While many eagerly await their ...
Patience and Precision: A Guide for Taxpayers Awaiting Amended Tax Refunds
Tax season can be both daunting and challenging, with numerous forms to fill out, calculations to double-check, and deadlines to ...
IRS Account Transcripts: Unlocking Valuable Tax Information
Taxation is an integral part of our lives, and understanding our financial obligations to the Internal Revenue Service (IRS) is ...
Navigating the Challenges of Delayed Tax Refunds: What You Need to Know
Tax season is a period of anticipation for many individuals and businesses alike. It's a time when taxpayers eagerly await ...
Patience Pays Off: A Guide for US Taxpayers Awaiting IRS Tax Refunds
Tax season is an annual event that can cause a mix of anticipation and anxiety for many Americans. While most ...
Understanding Tax Refunds: When Can Taxpayers Expect Their Money?
Tax season is a time of both anticipation and confusion for many individuals. While filing taxes can be a daunting ...
April 18, 2023, is the Tax Deadlines for 2022 Returns
The Internal Revenue Service reminds taxpayers that IRS.gov provides last-minute tax return filers with the resources they need to get ...
What does Transaction Code 424 mean on my Account Transcript?
The transaction code TC 424 is an Examination Request and is the code that will appear on your tax transcript ...
What does Transaction Code 420 mean on my Account Transcript?
The transaction code TC 420 is an Examination of the tax return and is the code that will appear on ...
IRS advises early filers to consider filing an amended return if they reported tax refunds as taxable.
The Internal Revenue Service said that taxpayers who filed their federal income taxes early in this year’s filing season and ...
What does transaction code 810 mean on my Account Transcript?
The Transaction Code TC 810 Refund Freeze is a Freeze Code the IRS uses that will hold/stop a refund from ...
IRS Warns of Dangerous New Tax Scam Involving W-2 Forms
The Internal Revenue Service issued a consumer alert today to warn taxpayers of new scams that urge people to use ...
Avoid the holiday rush after Presidents Day. Get help with IRS online tools
The Internal Revenue Service (IRS) recognized Presidents Day as a federal holiday and is therefore closed. In anticipation of the ...
PATH ACT TAX REFUND HOLD 2023 ENDS TODAY
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud ...
IRS Will Update Where’s My Refund? Tool by February 18
The IRS’s “Where’s My Refund?” tool will be updated by February 18, 2023, for many taxpayers who claimed the Earned ...
New IRS Feature Allows Taxpayers to Electronically File Amended Returns to Opt for Direct Deposit for Faster Refunds
IRS has improved its services this tax season, people e-filing filing their Form 1040-X, Amended U.S Individual Income Tax Return, ...
IRS announces special Saturday hours for face-to-face help at Taxpayer Assistance Centers across the nation
As part of a continuing effort to improve service this tax season, the Internal Revenue Service today announced special Saturday hours for ...
Join us for EITC Awareness Day on Friday, January 27, 2023
The Internal Revenue Service and partners nationwide today kicked off their Earned Income Tax Credit Awareness Day outreach campaign to help millions ...
Top Facts Filers Should Know for IRS Opening Day 2023!
Opening Day for the IRS is Today January 23, 2023. The Internal Revenue Service kicked off the 2023 tax filing season ...
How Much is The Child Tax Credit Worth?
During the coronavirus pandemic, the American Rescue Plan temporarily boosted the maximum Child Tax Credit amount to $3,000 (children between ...
Was your tax return accepted before the IRS Opening day in 2023?
The 2023 tax season has now officially started and some early taxpayers have already received notifications from Where's My Refund? ...
Tax Tips for the 2023 Tax Season
Tax Refunds May Be Smaller This Year Plan now to learn these 2023 tax tips to avoid surprises in the ...
Choose Your Tax Preparer Wisely
You've heard it before. Since it's tax time, you'll hear it again. Choose your tax preparer wisely. This past year ...
IRS Free File Opens Jan. 13, 2023!
Most taxpayers can get an early start on their federal tax returns as IRS Free File – an online tax preparation product ...
Taxpayer Advocacy Service report highlights top 10 issues facing taxpayers
A new report by the IRS Taxpayer Advocate says processing delays are the "Most Serious Problem" faced by taxpayers during 2022. From ...
How To File Your Taxes For Free
Millions of U.S. taxpayers are eligible to have their federal income tax returns filed for free through the IRS Free ...
IRS Opening Day for the 2023 Tax Season
The Internal Revenue Service has announced that the nation’s tax season will start on Monday, Jan. 24, 2023, when the ...
Why You Can Expect A Smaller IRS Tax Refund In 2023
Changes to tax rules for charitable contributions and the end of pandemic-related stimulus and credits could mean less money for ...
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 ...
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 ...
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 ...
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 ...
The Benefits of Filing Taxes Early: Maximizing Your Financial Advantage
As tax season approaches, many individuals find themselves wondering when they can file their taxes. While the official tax filing ...
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 ...
IRS backlog of tax returns will continue through the 2023 filing season
The IRS watchdog reported this week that the agency is unlikely to eliminate a huge backlog of tax returns this ...
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 ...
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 ...
Tax Changes Effective for 2022 Returns
Several tax changes are effective in 2022. Some of the more significant changes are: Child Tax Credits Child tax credit ...
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 ...
IRS Reference Code 1242
IRS Reference Code 1242 is a processing code the IRS uses to review tax returns it thinks might be fraudulent ...
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 ...
2022 Education Tax Credits
Eligible taxpayers who pay college expenses for themselves, their spouses, or their dependents may be able to take advantage of ...
Tax Transcript Processing Date
The Processing Date represents the date when the IRS expects to have your tax return and tax refund processed. IRS ...
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 ...
Tax Transcript Code 846 – Refund Issued
Tax Transcript Code 846 on your tax transcript means that the IRS has issued you a refund for your tax ...
IRS Cycle Code
Deciphering Your IRS Cycle Code What is an IRS Cycle Code? The IRS cycle code is an eight-digit code that ...
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 ...
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 ...
2023 Tax Transcript Cycle Code Charts
A cycle code is an eight-digit code found on your account transcripts. The cycle code indicates the day your account ...
Unreported Income Can Trigger an IRS Investigation
If you fail to fully report your income to the Internal Revenue Service (IRS), you could be heading for tax ...
4 Common Mistakes The IRS Makes
Every tax season, you take great care to file everything you need to file and report everything you need to ...
5 Items On Tax Returns The IRS Will Notice
The good news for taxpayers is that the risk of being audited is historically low. While just over one percent ...
Taxpayers should stay on top of taxes all year to avoid a surprise tax bill
The next tax season seems far away, but this is actually the perfect time for taxpayers to review their withholding and estimated tax payments ...
4000 People Have Been Hired By IRS Ahead Of The 2023 Tax Season
The Internal Revenue Service announced today significant progress to prepare for the 2023 tax filing season as the agency passed ...
Taxpayers with an outstanding tax bill should consider an Offer in Compromise
An Offer in Compromise can be an effective way for individuals and businesses to settle federal tax debt. This federal program allows ...
IRS sending letters to over 9 million people who did not claim various tax benefits
Starting this week, the Internal Revenue Service is sending letters to more than 9 million individuals and families who appear ...
Most taxpayers who requested an extension to file their 2021 tax return must file by Oct. 17
Time is running out. The October 17 filing extension deadline is just days away. Most taxpayers who requested an extension ...
An IRS online account is Simple, Safe, and Secure
An IRS online account makes it easy for people to quickly get the tax planning info they need. With the ...
Taxpayer Bill of Rights: America’s Taxpayers are entitled to a Fair Tax System
Your Rights as a Taxpayer Tax fairness means the tax system is equitable to all citizens. This is not just ...
What You Should Know About the IRS Automated Underreporter
The Automated Underreporter (AUR) program is an important part of compliance efforts at the Internal Revenue Service (IRS). Most people ...
Who Can You Claim as a Tax Dependent?
One of the most common elements of a fraudulent income tax return is a claim for unqualified dependents. So—who can ...
Amending Your Tax Return – the How, Why, and When
So, we are all on the same foot, amending your tax return is basically sending the IRS a new tax ...
IRS Gains New Funding To Expand Operations And Audits
The Internal Revenue Service (IRS) will receive a significant increase in funding with the passing of the Inflation Reduction Act, ...
Tax Transcript Code 806 – W-2 or 1099 Withholding
The IRS transaction code 806 will appear on your tax transcript to show the total amount of federal income tax ...
Tax Transcript Code 150 – Tax Return Filed
Once your tax return has been accepted by the IRS and added to the IRS Master File for processing. An ...
Tax Refund Status – Received, Approved, Sent
You can start using the Where's My Refund? website or IRS2Go app to start checking on the status of your return 24 ...
IRS Identity and Tax Return Verification Service
The IRS Identity and Tax Return Verification Service can help you prove that you are who you say you are ...
The Adoption Tax Credit
The adoption tax credit lets families who were in the adoption process during 2022 claim up to $14,890 in eligible ...
FAQ on Student Loan Cancellation
What is the Student Loan Cancellation? Last month, President Biden laid out a plan to cancel up to $20,000 in ...
Inflation Reduction Act
Last month, Congress passed the Inflation Reduction Act (IRA22), which provides the IRS with supplemental funding of nearly $80 billion over ...
The Problem with Past Due Tax Returns
Tax Day rolls around each year. If you have delayed or simply passed on filing your tax return, you may ...
Tips from IRS Security Summit to Reduce Identity Theft
Tax fraud involving identity theft is big business. The Internal Revenue Service (IRS) wants to help you understand your risks, ...
How Can I Talk to a Live Agent at the IRS?
Simple steps you can take to reach a live agent at the IRS For many taxpayers, the most frustrating part ...
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 ...
IRS Expands Voice Bot Options For Faster Service
The Internal Revenue Service announced expanded voice bot options to help eligible taxpayers easily verify their identity to set up ...
What To Do If You Receive Notification Your Tax Return Is Being Examined Or Audited
If the IRS selects your tax return for audit (also called examination), it doesn’t automatically mean something is wrong. The ...
Before calling the IRS, people should know what info they’ll need to verify their identity
When taxpayers have a question, their first stop should be IRS.gov. The Let Us Help You page is a great ...
IRS Taking Steps to Boost Security to Avoid Cyberattacks
With the move to remote work, the Internal Revenue Service (IRS) continues to work to deter and prevent cyberattacks on ...
IRS Letters and Notices
The Internal Revenue Service (IRS) sends millions of letters to taxpayers every year. The majority of these will be mailed ...
Understanding How to Dispute an IRS Notice
It is not unusual for the Internal Revenue Service (IRS) to question a tax return or note an adjustment if ...
Study Finds IRS Audits Not Focused on High-Income Earners
New research finds the Internal Revenue Service (IRS) is aiming civil audits at low-wage earners, demonstrating a confounding approach to ...
On Tax Day, an Extension May Be Better Than Rushing a Return
Monday is Tax Day, the federal deadline for individual tax filings and payments. Monday is Tax Day — the federal ...
Identity Protection
Was your identity stolen? Request an Identity Protection PIN from the IRS The Internal Revenue Service today reminded all taxpayers ...
What is a Badge of Fraud?
A “badge of fraud” is an indicator used by the Internal Revenue Service (IRS) to flag a potentially fraudulent return, ...
IRS Notice CP15
The IRS has a numbered notice for almost any communication they provide to a taxpayer. In some cases, the taxpayer may ...
IRS LT11 Notice (or Letter 1058)
IRS LT11 Notices (“LT11”) and Letters 1058. The IRS issues these particular “final” notices to taxpayers before it takes certain ...
IRS Notice CP2000
You might receive an IRS Notice CP2000 (“CP2000”) in the mail. The IRS issues these particular notices to taxpayers based ...
Some IRS Taxpayer Assistance Centers open on select Saturdays for in-person help
To help people during this year's filing season, many IRS Taxpayer Assistance Centers across the country will have special Saturday ...
Verifying Your Identity with the IRS
IRS Letter 5071C – Potential Identity Theft During Original Processing The IRS is requesting additional information to validate your identity ...
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 ...
EITC refund information available on “Where’s My Refund” starting Feb. 19, 2022; most refunds expected to arrive around March 1
Most people think of the IRS as the agency that collects taxes, but you may not know that every year, ...
Have you received a Direct Deposit Date yet?
Please take part in the poll below if you have received your tax refund in 2024 How many early filers ...
IRS Will Update “Where’s My Refund” Tool by February 19
The IRS’s “Where’s My Refund?” tool will be updated by February 19, 2022, for many taxpayers who claimed the Earned ...
IRS Suspends Mailing of Additional Letters
The IRS has announced the suspension of over a dozen additional letters including the mailing of automated collection notices. These ...
IRS Notices and Letters
About Your Notice If you receive a letter or notice from the IRS, they will explain the reason for sending ...
Today will be the End of the 2022 PATH ACT REFUND HOLD
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud ...
IRS Plans To Transition Away From ID.Me Facial Recognition
Senate Finance Committee Chair Ron Wyden, D-Ore., today released the following statement after the Treasury Department informed his office it ...
Tax Return processing has been delayed beyond the normal timeframe
The Where's My Refund? Status message "We apologize, but your tax return processing has been delayed beyond the normal timeframe" ...
Free IRS programs are here to help taxpayers prepare and file returns
It’s a new tax season. While some things are different, one thing that remains the same is, taxpayers can have ...
Take a look at the updated ChildTaxCredit.gov
On January 28, 2022, the federal government launched a new website to help families claim the second half of their ...
Join us for EITC Awareness Day on Friday, January 28, 2022
Join us for Awareness Day on Friday, January 28, 2022 Join us in making the 16th annual Awareness Day as successful ...
Why taxpayers should have their tax refund direct deposited
The IRS encourages taxpayers to file electronically when they are ready and choose direct deposit to get their refund. Direct deposit is the ...
Top Facts Filers Should Know for IRS Opening Day 2022!
Opening Day for the IRS is Today January 24, 2022. The Internal Revenue Service has set the opening day for ...
What Does It Mean if the IRS Is Reviewing My Return?
When the IRS officially places your return under review, you will receive a CP05 notice, and the processing of your ...
Protect Yourself From Tax-Related Identity Theft
Tax-related identity theft occurs when someone uses your personal information, such as your Social Security number (SSN), to file a ...
Lost or Missing W-2? Here’s What You Should Do
Each year, employers are required by law to send your W-2 by January 31. This form includes all taxable wages ...
IRS Announces the Start of E-File Test Batch(HUB Testing) for 2022
When does IRS Test Batch/ HUB Testing start in 2022? The IRS has announced that the 2022 tax filing season ...
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 ...
Frequently Asked Questions for 2021 Recovery Rebate Credit
The Internal Revenue Service today issued frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit. Individuals who did not ...
National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays
National Taxpayer Advocate Erin M. Collins released her 2021 Annual Report to Congress, calling the calendar year 2021 “the most challenging ...
How do I get my IRS IP PIN?
To get an IRS IP PIN that is lost, forgotten, or never arrived in a CP01A Notice, use the IP ...
What is IRS Letter 6419 and why does it matter before you file taxes?
Child tax credit recipients need to be on the lookout for this letter from the IRS, which has started arriving ...
Tax season is set to begin two weeks earlier in 2022!
The deadline for tax returns to be filed is Monday, April 18 this year, three days later than the normal ...
IRS updates FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments
The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit to ...
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 ...
Challenges for the 2022 Tax Filing Season
Taxpayers and the Internal Revenue Service (IRS) are set to face a bumpy 2022 tax filing season, which the IRS ...
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 ...
IRS is sending out 2 Important Letters in January
Before you file your tax returns, the IRS may be sending you these letters if you received the third stimulus ...
IRS Tax Return Processing Delays Continue Millions of Americans Are Still Waiting on Their 2020 Tax Returns
It's been no secret that the IRS has been underfunded - not to mention under-staffed - for quite some time ...
Student Loan Pause Extended Through May 1, 2022
The U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest, and collections through ...
IRS Sending Plus Up Payments To Some Taxpayers Before Year End 2021
The Internal Revenue Service (IRS) is currently focusing on a stimulus check backlog which includes the Plus-Up Payments that many Americans are entitled to ...
The last monthly child tax credit payment of 2021 is being distributed
The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their final ...
IRS will send out the last Advance Child Tax Credit payment by December 15, 2022
The Internal Revenue Service (IRS) is preparing for the sixth and final batch of monthly child tax credit payments. The ...
2022 IRS E-File Tax Refund Direct Deposit Dates
2022 IRS E-File Refund Cycle Charts The IRS will begin accepting 2021 tax returns on January 24, 2022, with nearly ...
Get ready for taxes: What’s new and what to consider when filing taxes in 2022
The Internal Revenue Service today encouraged taxpayers to take important actions this month to help them file their federal tax ...
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 ...
2022 Tax Transcript Cycle Code Charts
A cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your ...
IRS Reference Codes
We’ve compiled a complete list of all the IRS Reference Codes found on the “Where’s My Refund” tool to help ...
IRS Federal Tax Credits – Different Types of Tax Credits
If you had the opportunity to receive a refund from the IRS or pay less tax legally than you thought ...
Nov. 29 – Dec. 3, 2021, is National Tax Security Awareness Week
Kicking off a special week, the Internal Revenue Service and the Security Summit partners today warned taxpayers and tax professionals to beware ...
Some important things all taxpayers should do before the tax year ends
The IRS reminds taxpayers there are things they should do before the current tax year ends on Dec.31. Donate to ...
2022 Tax Refund Updates Calendar
IRS Where's My Refund? Updates Calendar for 2022 IRS Transcript and the Where's My Refund? Updates Calendars! Tuesday Transcript Updates ...
IRS Enhances Security of Online ID Verification Process
The Internal Revenue Service has improved its identity verification and sign-in process to enable more people to securely access and ...
2022 Tax Refund Schedule
We’ve based these timelines on historical data noting that most refunds will be issued by the IRS in less than ...
Do I Claim Zero, One, Two W-4 Allowances?
The last thing you want to do is frantically run up to your boss asking “How many allowances do I ...
What You Should Know About Unemployment Taxes
Unemployment benefits saved a lot of American households this past year. Furloughs and lay-offs were at an all-time high due to the ...
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 ...
November advance Child Tax Credit payments
The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their advance ...
A Math Error Could Be Behind Your Tax Refund Delay
The year 2020 is going to go down in the history books for a lot of reasons, and one of ...
Easy steps taxpayers can take now to make tax filing easier in 2022
The Internal Revenue Service today encouraged taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, to ...
IRS updates 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions
The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit Payments ...
What day does IRS Update Tax Transcripts?
Daily & Weekly Tax Transcript updates Tax Transcripts typically reflect updates and changes each week on Tuesdays and Fridays Tuesday ...
What is the “As Of” Date on the Tax Record of Account Transcripts
The "As Of" date on a Tax Account Transcript is the date your penalties and interest are estimated to be ...
IRS issuing additional tax refunds to 430,000 people
The Internal Revenue Service has issued another round of refunds to workers who paid taxes on their unemployment benefits in ...
Midnight Tonight! IRS deadline to change income info for November 15 Child Tax Credit Payment
The next round of the advance child tax credit is set for Nov. 15. But if you're worried that you're ...
IRS Online Account for Taxpayers
An IRS online account is a safe and easy way for individual taxpayers to view specific details about their federal ...
IRS to offer QR code options for Notices
In the fall of 2020, the Internal Revenue Service announced that it was adding QR, or Quick Response, codes to ...
Common Questions About the Advance Child Tax Credit Payment
The advance child tax credit allows qualifying families to receive early payments of the tax credit many people may claim ...
Taxpayers Can Protect Themselves from Scammers by Knowing How the IRS Communicates
If the IRS does call a taxpayer, it should not be a surprise because the agency will generally send a ...
Notices & Letters from the IRS: Know What They Mean
The Internal Revenue Service (IRS) will send a notice or a letter for any number of reasons. It may be about ...
Filing a Tax Extension
Even with the extended tax filing deadline this year, some taxpayers may still have needed extra time to file their ...
Do you have to pay back the Child Tax Credit Payments?
The IRS is now making monthly child tax credit payments to eligible families. Depending on the age of your child, those ...
IRS new proposal to track nearly all bank accounts
The Biden administration has revised a controversial plan that would require banks and other financial services institutions to report account data to ...
Review Your IRS Tax Records With Tax Transcript At No Charge
Many individuals may not know they can request, receive, and review their tax records via a tax transcript from the ...
IRS Launches New Webpage To Assist Taxpayers With Refunds Subject To Joint Committee On Taxation Review
The IRS announced a new webpage that provides information to taxpayers whose large refunds are subject to further review by ...
The Freedom of Information Act
Originally enacted on July 4, 1966, the Freedom of Information Act established a statutory right of public access to Executive ...
New IRS rule will affect cash app business transactions in 2022
The American Rescue Plan Act of 2021 modifies the IRS reporting requirement from $20,000 in aggregate payments and 200 transactions ...
October 2021 Stimulus Check Update: Some U.S. states are issuing their own stimulus checks and cash bonuses
Whether you're in Arizona to Washington, we have you covered with this in-depth guide on the latest news concerning financial ...
How does a taxpayer’s custody situation affect their advance child tax credit payments?
As many taxpayers with children likely already know, there were some changes made to the child tax credit for 2021 ...
Child Tax Credit Payments Will Be Sent This Week
It's almost time for the fourth batch of monthly child tax credit payments. The first three payments were sent on ...
Tool Available to Track Your Advance Child Tax Credit Payments
The IRS began issuing advance payments of the Child Tax Credit (CTC) in mid-July. Similar to certain other credits with ...
Create an Online Account at IRS to view your balances, make payments, get transcripts, and more!
The IRS lets you access most tax tools with one account ID.me uses the latest in identity verification technology to authenticate ...
Millions of taxpayers getting surprise bills, revised tax statements from IRS
The Internal Revenue Service has sent out more than 11 million letters to taxpayers showing them they owe more or ...
New stimulus payments are less than a month away… here’s who gets the money
Stimulus payments are being sent out by the federal government this fall. The next payment is scheduled to be delivered ...
How long will the child tax credit last?
After parents were issued their child tax credit check on Sept. 15, they'll have three more monthly payments this year and one ...
IRS Where’s My Refund? Tax Tool for Uploading Documents
Here’s a frustrating scenario that is affecting way too many Americans this tax season: You’ve been waiting months and months for a ...
IRS unemployment refund: Still no timeline for September direct deposit as summer ends
Tax Refund Check with W-2 and 1040 U.S. Individual Income Tax Return Forms With less than a week to go ...
IRS tax refund update: Faulty ‘math error’ notices sent to people who claimed stimulus check credits
Remember what it felt like when your teacher marked something as “incorrect” on your homework, but then the correction itself ...
IRS refunds for unemployment: Here’s what you need to know about payments
Tax Refund Check with W-2 and 1040 U.S. Individual Income Tax Return Forms For months the IRS has been working ...
30 Million Taxpayer Paper Filed Tax Returns Destroyed
IRS Encourages Modernization Of Electronic Filings: 30 Million Taxpayer Paper Filed Tax Returns Destroyed According to the Inspector General's audit, ...
Still, waiting for your tax refund?
It’s been almost four months since the filing deadline for your 2020 tax return, and you haven’t gotten your refund ...
How A Taxpayer’s Custody Situation May Affect Their Advance Child Tax Credit Payments
Parents who share custody of their children should be aware of how the advance child tax credit payments are distributed ...
IRS Adds Address Change Capability to Child Tax Credit Portal
The Internal Revenue Service added a new feature to its online portal for the Child Tax Credit allowing parents to ...
How To Return An Improper Advance Child Tax Credit Payment
The IRS has provided instructions for returning advance child tax credit payments (CTCs) that the recipient did not qualify for ...
What is a Refund Transfer and How Does it Work?
Tax refund transfers are a valuable business for tax preparation companies. Here’s what they are, how they work, and how ...
How to Pay Your Federal Owed Taxes
Each year, the IRS collects payments from millions of money-earning, taxpaying Americans. And while, in days of old, payment had ...
How do I get my W-2 forms Online?
Tax season is quickly approaching, and the sooner you get your information in order, the better. The first thing to ...
IRS Online Account for Individual Taxpayers
On its website, the IRS has posted answers to frequently asked questions (FAQs) about Online Account. Online Account provides individuals ...
What is a “Potentially Dangerous Taxpayer?”
Even when aggravated, treat others with respect—especially if it is the Internal Revenue Service (IRS). Those who do not may ...
IRS Tax Payment Plan: Everything You Need to Know
Have you received a Notice of Deficiency from the IRS? Taxpayer debt is not an uncommon situation. Many American taxpayers have found ...
Child Tax Credit Payments Could Impact Your 2021 Tax Return
We know changes to your taxes can be confusing and difficult to navigate at the best of times, and the ...
IRS Adjusted Tax Refund (What to Do When the IRS Changes Your Tax Refund Amount)
If you see that the IRS sent a notice claiming they made a change to your refund check amount, there’s ...
Student Loan Tax Offset Hardship Refund
College is a time for you to become independent, make lasting memories, and pursue an education that leads to a ...
How nonfilers can claim advance child tax credit payments
IRS clarified how individuals who are not otherwise required to file 2020 federal income tax returns can claim advance child ...
IRS Letter 6316
Audits are nothing new. Taxpayers may find themselves in the unfortunate situation of opening their mailboxes to an IRS examination ...
Refunds are Being Sent to Those Who Already Paid Taxes on 2020 Unemployment Compensation
The Internal Revenue Service is sending more than 2.8 million refunds this week to taxpayers who paid taxes on unemployment ...
IRS Expands List of Digitally Filed or Signed Forms
As part of our response to the COVID-19 situation, we have taken steps to protect employees, taxpayers, and their representatives ...
Child Tax Credit: IRS to open portals on July 1; checks will begin July 15
The IRS will have two online child tax credit portals open by July 1. That's where you'll change your status ...
What does N/A on my Tax Transcripts mean?
What does N/A on my tax transcripts mean? When checking your tax transcripts and if you see a N/A in ...
Your Economic Impact Payment Is Available: Find Out Status
The IRS enables you to check when your 2021 Economic Impact Payment is available. The tool updates once each day, ...
Tax Day For Individuals Extended To May 17: Treasury, IRS Extends Filing And Payment Deadline
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for ...
How Student Loans Could Affect Your Taxes?
Do student loans affect my tax returns? It depends. If you are still in school and receiving money from student ...
IRS Statement About CP59 Notices
Earlier in February 2021, the IRS issued notices to approximately 260,000 taxpayers stating they haven’t filed their 2019 federal tax ...
Millions of Americans have already received a tax refund 2021
Millions of Americans have already received refund payments after completing their tax filing, but there are concerns that tax return ...
Unemployment + Taxes
If 2020’s economic downturn put you in the position of needing to apply for unemployment benefits, you may have been ...
IRS warns of EFIN Scam
The Internal Revenue Service has issued an urgent warning to tax professionals over a new scam in which cyber-criminals impersonate ...
Someone Else Claimed My Dependent
Did the IRS reject your tax return because someone else claimed your dependent? Claiming a dependent is usually pretty simple: ...
What is the Additional Child Tax Credit?
Whether you have just one on the way or five and counting, kids are expensive. That’s why you should take ...
How the pandemic will affect filing your taxes
The IRS will begin accepting tax returns on Feb. 12, 2021. Here’s a breakdown of what you should know before ...
Where’s my refund? How to check the status of your tax refund
Filed your taxes and expecting a refund? Here's how to check the status and how long you may have to ...
Should you file your taxes right away in 2021 or wait?
There are pros and cons to either filing your taxes now or holding off a few more weeks in terms ...
Third stimulus payment: $1,400 or $3,600 per child? Why some are confused
Two items in the COVID relief package affect how much money the government will send parents to cover their children ...
Taxable Vs Nontaxable Income
Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not ...
You Can View Your IRS Account Online
The first step of tax preparation is gathering records As taxpayers get ready to file their tax returns, they should ...
If You Didn’t Get Your Economic Impact Payment, Your Joint Tax Return May Be the Reason Why
If you didn’t receive your Economic Impact Payments (EIPs) and a 2018 or 2019 joint return was filed in your ...
We have received your tax return and it is being processed
"We have received your tax return and it is being processed"refund status message is a good sign and indicates the ...
Today will be the End of the 2021 PATH ACT REFUND HOLD
The Protecting Americans from Tax Hikes (PATH) Act was created in order to protect taxpayers and their families against fraud ...
The PATH Act: What It Is and How It Affects Your Taxes
Nearly every taxpayer with dependent children could be impacted by the PATH Act at some point. In addition to other ...
Top Facts Filers Should Know for IRS Opening Day
Opening Day for the IRS is Today February 12, 2021. The Internal Revenue Service has set the opening day for ...
IRS Notice CP05 – Your Tax Refund is Being Held While The IRS Reviews Your Tax Return
Your tax refund is being held, pending a review of your tax return. The IRS may contact third parties to ...
IRS Offers Guidance To Taxpayers On Identity Theft Involving Unemployment Benefits
The Internal Revenue Service today urged taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because ...
Ways an Identity Protection PIN Keeps Your Identity Safe
Identity theft is a crime that affects victims for years after it’s committed—from ruined credit to tax debt, recovering in ...
Here’s When to File Taxes if You Haven’t Gotten Stimulus Money
If your $600 stimulus payment (also referred to as the second economic impact payment, or EIP2) still hasn’t arrived in ...
How Does My Stimulus Payment Affect My 2020 Tax Return?
Now that many taxpayers have received (and most likely spent) their Economic Impact Payments (EIPs), they’re wondering how that extra ...
E-File Test Batch(HUB Testing) for 2021
The IRS has announced that the 2021 tax filing season will begin on February 12, 2021. Tax preparation companies will ...
What to Do If Your Stimulus Check is Lost, Stolen, or Destroyed
If your stimulus check is lost in the mail, or something else happens to it before you get it, you ...
IRS urges taxpayers to gather tax documents now for smooth filing later
The Internal Revenue Service is reminding taxpayers that organizing tax records is an important first step for getting ready to ...
Get a federal tax refund faster with direct deposit
The Internal Revenue Service today reminds taxpayers that the fastest way to get their tax refund is by filing electronically ...
Join us for EITC Awareness Day on Friday, January 29, 2021
Join us in making the 15th annual Awareness Day as successful as last year’s. We partnered with more than 1,500 supporters with ...
Important reminders before filing 2020 tax returns
Following an unpredictable year with many changes and challenges, the Internal Revenue Service today shared important reminders for taxpayers who ...
Parents Can Get $300 Every Month For Each Kid In New Stimulus Proposal
This week, Congress will start working on a stimulus package proposed by President Biden. The relief bill will likely include ...
Here’s How Education-Related Tax Benefits Could Change in 2021
The mess of education-related tax breaks available to taxpayers will become a bit easier to navigate in the coming years if the Consolidated ...
2021 Tax Refund Updates Calendar
Where’s my Refund? Updates Calendar for 2021 IRS Transcript and the Where's My Refund? Updates Calendars! Tuesday Transcript Updates - ...
Tax season is coming with plenty of changes thanks to COVID-19’s economic impact
Your taxes might be a rollercoaster you'll have to tackle this year, thanks to COVID-19's economic impact on 2020. If you ...
IRS Offers Guidance To Taxpayers On Identity Theft Involving Unemployment Benefits
The Internal Revenue Service today urged taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because ...
National Taxpayer Advocate Delivers 2020 Annual Report To Congress
National Taxpayer Advocate Erin M. Collins released her 2020 Annual Report to Congress, focusing on the unprecedented challenges taxpayers faced in ...
Recovery Rebate Credit
What is the Recovery Rebate Credit? You can claim your missing stimulus payment with the Recovery Rebate Credit. The IRS ...
Tax Filing for Low-Income Taxpayers
Need a hand preparing your tax return this year? There’s a good chance that if you are one of many low-income ...
What to Expect During the 2021 Tax Season
In the next few weeks, the Internal Revenue Service (IRS) will begin accepting federal tax returns for the 2020 tax ...
IRS Opening Day for 2021
The Internal Revenue Service has announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the ...
IRS Free File Opens Jan. 15, 2021!
IRS Free File – online tax preparation products available at no charge – January 15, 2021, giving taxpayers an early ...
Tips to Get Your Tax Refund ASAP
Waiting for your tax refund can really test your patience. Unfortunately, we can’t speed up the actual processing time of ...
Important Tax Changes In 2021: Individuals And Businesses
Every year, it’s a sure bet that there will be changes to current tax law and this year is no ...
2021 IRS E-File Tax Refund Direct Deposit Dates
2021 IRS E-File Tax Refund Cycle Charts The IRS will begin accepting tax returns on February 12, 2021, with nearly ...
2021 Tax Transcript Cycle Code Charts
A cycle code is an 8 digit code found on your account transcripts. The cycle code indicates the day your ...
Identity Theft and IRS Letter 5071C
You just opened your mail and discovered that you have received an IRS Letter 5071C for the previous tax year ...
Why Millions Of Taxpayers Have Not Received 2nd Stimulus Check
Millions of taxpayers have not received their 2nd stimulus check who used online services. Their 2nd stimulus check may have ...
Round 2: Economic Impact Payments
The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of ...
IRS expands Identity Protection PIN Opt-In Program to taxpayers nationwide
As part of the Security Summit effort, the Internal Revenue Service announced today that starting in January the Identity Protection ...
IP PINs now available to all taxpayers
The Internal Revenue Service (IRS) announced this week that in January 2021 taxpayers can apply for an Identity Protection Personal ...
How The IRS Taxes Bitcoin
Bitcoin mania is upon us. It has been widely publicized that the cryptocurrency, Bitcoin, has reached record highs in value ...
I Got A Notice From The IRS
What Should I Do?The Internal Revenue Service (IRS) will send a notice or a letter for any number of reasons ...
Your Guide For Tax Audits-IRS Notice Description
This Guide covers the many notices that the Internal Revenue Service sends to individual taxpayers regarding tax audits. IRS NOTICE ...
Taxpayers Should Be Aware Of Myths About Tax Refunds
Now that many taxpayers have filed their federal tax returns electronically and the IRS is back to processing paper tax ...
What’s An IRS Account Transcript?
What’s an IRS Account Transcript? The IRS keeps a database of information regarding each Tax Identification Number (TIN). The information ...
Unemployment Compensation Is Taxable; Have Tax Withheld Now And Avoid A Tax-Time Surprise
With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service ...
Self-Employed Individuals Tax Obligations
Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade ...
Earning Side Income: Is it A Hobby Or A Business?
Whether it’s something they’ve been doing for years or something they just started to make extra money, taxpayers must report ...
Why Do I Owe A Penalty And What Can I Do About It?
I sent a payment to the IRS. Why did I get a bill? If you mailed payment to the IRS ...
IRS Audit Rates Significantly Increase As Income Rises
Few things can generate as much taxpayer concern, confusion and controversy as an IRS audit. Tax audits are a critical ...
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