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The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As...
The tax filing deadline is Tuesday, April 18 this year. This is because April 15 falls on a weekend and the following Monday is a holiday in the District of Columbia. Even with an extra three days, the IRS...
WASHINGTON — The Internal Revenue Service today reminded taxpayers that it’s easier than ever to pay taxes electronically. For those unable to pay on time, several quick and easy solutions are available. This is the seventh in a series...
Taxpayers often have questions about Individual Retirement Arrangements, or IRAs. Common questions include: When can a person contribute, how does an IRA impact taxes, and what are other common rules. The IRS offers the following tax tips on IRAs:...
WASHINGTON — The Internal Revenue Service today granted many businesses affected by this week’s severe winter storm additional time to request a six-month extension to file their 2016 federal income tax returns. The IRS is providing this relief to...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As...
The IRS alerted taxpayers that it has taken down its tool for retrieving tax return data used to complete the Free Application for Federal Student Aid (FAFSA), and the retrieval tool will not be operating for several weeks. The...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As...
Taxpayers who received unemployment benefits need to remember that it may be taxable. Here are five key facts about unemployment: 1. Unemployment is Taxable. Include all unemployment compensation as income for the year. Taxpayers should receive a Form 1099-G,...
Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Here are some tips to help taxpayers know what qualifies as medical and dental expenses: • Itemize. Taxpayers can only claim medical...
When you put the finishing touches on a partnership agreement, your thoughts turn to profits, not the potential for a fight. But fights happen. One partner secretly signs a lease with the sister-in-law of her cousin’s wife. Another partner...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As...
Taxpayers who did not file a tax return for 2013 may be one of the nearly 1 million who may be due a refund from that year. Taxpayers must claim their part of almost $1 billion by this year’s...
Taxpayers who made certain energy efficient improvements to their home last year may qualify for a tax credit this year. Here are some key facts to know about home energy tax credits: Non-Business Energy Property Credit • Part of...
When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that...
As of today, nationwide, the IRS has not yet released refunds containing EITC/ACTC. We now believe that there is a strong likelihood that the IRS will release these refunds early next week, taking into consideration that Monday is a...
The IRS releases refunds each weekday throughout the year. We provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As...
The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the...
Here is a video tax tip from the IRS: How to Use the “Where’s My Refund?” Where is my Refund instructions This IRS YouTube video walks taxpayers through the steps of how to use the IRS “Where’s my refund?”...
If taxpayers receive Social Security benefits, they may have to pay federal income tax on part of those benefits. These IRS tips will help taxpayers determine if they need to do so. • Form SSA-1099. If taxpayers received Social...
