The IRS reminds taxpayers they may have money waiting for them. About 1 million taxpayers who did not file a 2014 federal income tax return have unclaimed tax refunds totaling about $1.1 billion. Here are some things taxpayers should know about these unclaimed refunds: To collect the money, taxpayers must file their 2014 tax return […]
Reminder – Federal Partnership and S Corp Returns Deadline is March 15, 2018 Remember, the federal filing deadline for federal calendar year partnership (1065) and S Corporation (1120S) returns is Thursday, March 15, 2018. For returns that are rejected on March 15, the return will be considered timely filed if it is re-transmitted and accepted […]
Tomorrow, Feb. 28th 2018, is the last day to apply for Fast Cash Advances, but traditional bank products will continue to be available through the end of October.
The first large IRS funding for the tax season should hit this week, with early filed clients starting to see refunds posting as early as tomorrow evening. We suggest directing taxpayers to the IRS’ “Where’s My Refund” tool on the IRS’ webpage: www.irs.gov for information on their individual refund dispersal. Confirm that you have an […]
-IRS HUB testing officially closed at 5PM Eastern Today. -Returns can still be “e-filed” but no acks will be coming back until Monday Upcoming Outages: -1/30/18 from 5AM – 9AM TWO will be offline for maintenance = Unavailable. -1/30/18 the EFC will be offline from 10pm – 2AM for maintenance, returns can still be […]
President Obama has openly and vehemently criticized the new corporate strategy of lowering its tax burden. This new strategy is called inversion, and for those who aren’t well versed in tax code, it’s a process by which a corporation buys a foreign corporation in order to take that corporation’s tax home which, in turn, lowers […]
Yet another tax relief company now faces the long arm of the law after having been found guilty of challenged practices including fraudulently misrepresenting the company services in order to con more people. The FTC is mailing out 16 million dollars to over 18 thousand former clients of American Tax Relief. Apparently, each consumer will […]
The Senate Finance Committee has introduced bipartisan legislation to improve protection for taxpayers against fraudulent tax refund claims made with stolen identities. The refund theft tax bill includes new assistance for taxpayers who have been victims of identity theft and requires the Internal Revenue Service to establish a new security feature that individuals can use […]
It’s the biggest city in the nation, so reasonable it would have a proportionally higher crime rate, right? Yes, even for taxes. New York state recently sent out 56 tax suspension letters. 40 preparers seem to have accepted the judgement and the other 16 preparers are challenging the action. Due to the increased tax-related crimes, […]
The IRS is at it again… Since they were shut down on their authority to mandate all tax preparers get continuing education and take a competency test, they have now developed a “voluntary certification” that preparers can opt into. The program is called the Annual Federal Tax Refresher Course; and yes, successful completion of the […]
The IRS reminds taxpayers they may have money waiting for them. About 1 million taxpayers who did not file a 2014 federal income tax return have unclaimed tax refunds totaling about $1.1 billion. Here are some things taxpayers should know about these unclaimed refunds: To collect the money, taxpayers must file their 2014 tax return […]
Reminder – Federal Partnership and S Corp Returns Deadline is March 15, 2018 Remember, the federal filing deadline for federal calendar year partnership (1065) and S Corporation (1120S) returns is Thursday, March 15, 2018. For returns that are rejected on March 15, the return will be considered timely filed if it is re-transmitted and accepted […]
Tomorrow, Feb. 28th 2018, is the last day to apply for Fast Cash Advances, but traditional bank products will continue to be available through the end of October.
The first large IRS funding for the tax season should hit this week, with early filed clients starting to see refunds posting as early as tomorrow evening. We suggest directing taxpayers to the IRS’ “Where’s My Refund” tool on the IRS’ webpage: www.irs.gov for information on their individual refund dispersal. Confirm that you have an […]
-IRS HUB testing officially closed at 5PM Eastern Today. -Returns can still be “e-filed” but no acks will be coming back until Monday Upcoming Outages: -1/30/18 from 5AM – 9AM TWO will be offline for maintenance = Unavailable. -1/30/18 the EFC will be offline from 10pm – 2AM for maintenance, returns can still be […]