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Now that the IRS has caught up and has released many of the refund it delayed as a result of its nationwide computer problem earlier this month, we expect only a small number of refunds to be released by...
The IRS has released many of the remaining refunds that were held up by the IRS under a nationwide computer problem. This nationwide computer problem had previously delayed up to half of all taxpayer refunds that were filed between...
WASHINGTON — Refunds totaling more than $1 billion may be waiting for one million people who did not file a federal income tax return for 2008, the Internal Revenue Service announced today. However, to collect the money, a return...
Like yesterday, the IRS is today again releasing some of the older refunds that had been delayed due to the nationwide computer problems at the IRS. Prior to today, up to 40% – 50% of the refunds for taxpayers...
Estimates are that about half of all taxpayers who filed between 2/2 and 2/7 across the nation have not yet had their refund released by the IRS. Last week, we reported that the IRS “Where’s My Refund” was not...
Please remember that today is a federal holiday. As a result, the Federal Reserve System is closed today and IRS will not be releasing any refunds today to anyone. Also, due to the holiday, the Federal Reserve does not...
Current estimates are that about half of all returns filed between 2/2 and 2/7 have not yet been released by the IRS to a nationwide IRS computer problem. The refunds released today by the IRS included only a small...
The House on Friday passed an extension of the payroll tax cut and long-term jobless benefits, kicking it over to the Senate where leaders were scrambling to set the stage for a vote amid bipartisan concerns. Despite deep opposition...
FOR IMMEDIATE RELEASE – February 16, 2012 The IRS has experienced a computer problem causing a nationwide delay with tax refunds being released. Most of the effected refunds were filed between February 2 and February 7, and were expected...
Tax Tip 2012-33, February 17, 2012 In today’s economy, small business owners sometimes save money through bartering to get products or services they need. The IRS wants to remind small business owners that the fair market value of property...
More than 200 Actions Taken in Past Week in 23 States WASHINGTON – The Internal Revenue Service and the Justice Department today announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part...
IRS Tax Tip 2012-21 The Earned Income Tax Credit is a financial boost for workers earning $49,078 or less in 2011. Four of five eligible taxpayers filed for and received their EITC last year. The IRS wants you to...
January 31, 2012 – IRS Releasing Refunds from the Nationwide Delay Refunds that were delayed by the IRS due to IRS nationwide computer problem that occurred last week are now being released. ERC checks related to these refunds are...
IRS Tax Tip 2012-16, January 25, 2012 There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor,...
Due to problems at the IRS, the first batch of refunds to be released by the IRS under its “weekly” schedule is MUCH smaller than expected. According to sources, new filters at the IRS have caused over half of...
The IRS has opened its filing season successfully this month, and refunds have started going out to many taxpayers. As with the start of any tax season, there are system validations that occur requiring some fine-tuning of our systems....
IR-2011-120, Dec. 16, 2011WASHINGTON — Tax-exempt organizations with January and February filing due dates will have until March 30, 2012, to file their annual returns, the Internal Revenue Service announced today. The IRS is granting this extension of time...
If you are filing as Unmarried, use Table 1. If you are filing as Married, use Table 2. Move down the left-hand side of the table until you come to the number of dependent children you may claim. Then...
In 2010, you may have: rolled over eligible distributions from a retirement plan to a Roth IRA, converted (transferred) amounts from a non-Roth IRA to a Roth IRA, or made an in-plan Roth rollover (after September 27, 2010). If...
WASHINGTON — The Internal Revenue Service opened the 2012 electronic tax return filing season today with a reminder to taxpayers that e-file remains the best way to get fast refunds and ensure accurate tax returns. IRS e-file has surpassed...
