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WASHINGTON — The Internal Revenue Service reminds taxpayers who converted amounts to a Roth IRA or designated Roth account in 2010 that in most cases they must report half of the resulting taxable income on their 2012 returns. Normally,...
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 1:15pm eastern each weekday throughout the year. As...
Normally, the IRS releases a large batch of refunds one day each week, and smaller batches of refunds on the other days of the week. This week, due to yesterday’s federal holiday, the IRS is releasing its large batch...
Earlier this month, the IRS reported that a large number of tax returns containing Form 8867 (Paid Preparers Earned Income Credit Checklist) were accepted by the IRS, even though the Form 8867 contained incomplete information. The IRS previously reported...
Direct deposit is the fast, easy and safe way to receive your tax refund. Whether you file electronically or on paper, direct deposit gives you access to your refund faster than a paper check. Here are four reasons more...
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 1:15pm eastern each weekday throughout the year. As...
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 1:15pm eastern each weekday throughout the year. As...
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 1:15pm eastern each weekday throughout the year....
It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact...
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 1:15pm eastern each weekday throughout the year. As...
Unemployment compensation you received under the unemployment compensation laws of the United States or of a state must be included in your income. It is taxable income. If you received unemployment compensation, you should receive Form 1099-G showing the...
Your children may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you shouldn’t miss when filing taxes this year. 1. Dependents. In most cases, you...
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 1:15pm eastern each weekday throughout the year. As...
While each individual tax return is unique, there are some tax rules that affect every person who files a federal income tax return. These rules involve dependents and exemptions. The IRS has six important facts about dependents and exemptions...
Over the next two days, the IRS will be releasing many of the refunds filed on January 30 and 31. Initial estimates show that about 35% of refunds filed on January 30 and 31 are being released by the...
Part of Wider Effort to Protect Taxpayers, Prevent Refund Fraud IRS YouTube Videos ID Theft: Protect Yourself from Identity Theft English | Spanish | ASL ID Theft: Are You a Victim of Identity Theft? English | Spanish | ASL...
As of today, the estimated percentage of refunds not yet released by the IRS are: – for returns filed 01/23 – 01/24, approximately 55% have not yet been released by the IRS. – for returns filed 01/25 – 01/28,...
Earned Income Tax Credit
If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut...
WASHINGTON – As preparations continue for the Jan. 30 opening of the 2013 filing season for most taxpayers, the Internal Revenue Service announced today that processing of tax returns claiming education credits will begin by the middle of February....
