1 Billion in Outstanding 2008 Tax Refunds!
Be sure to inform your clients that they have until April 17th this year to file for 2008 tax refunds credits. The IRS estimates that there is over 1 billion dollars in unclaimed refunds still waiting for returns to be filed. Many people feel that they do not need to file tax returns due to […]
File with Paystubs…Substitute W2s Now Accepted!
Many offices have clients who have been struggling to get official W2s from their employers. Now that we have hit February 14th the IRS will accept these returns with a substitute W2 form attached (form 4852). This will allow you to e-file the tax return as long as you have the employers EIN, which can […]
Fraudulent Tax Offices and Check Cashing Stores Targeted by IRS
The first week of the tax season has seen some interesting actions taken by the IRS. They have actively taken aim at both high fraud tax offices and check cashing facilities that seem to consistently be in the middle of of these problematic returns. In prior years, the IRS has taken more of a reactionary […]
Detroit Tax Fraud Ring Blamed for First Week Slow Fund
The IRS released insight that tax returns filed between the 17th and 24th are experiencing delays in funding, but returns filed after that 24th should be back inline with the standard funding cycle. IRS fraud detection systems are at the root of the delays. Over $800,000 in fraudulent tax filings were said to have been […]
PTIN payment site scheduled to be operational on Monday 1/16/2012
The IRS’ PTIN website for renewing and obtaining Preparer Tax Identification Numbers has been a challenge this year, to say the least. Ever since mid December, the PTIN site has been broken and under maintenance more than it has been up. New PTIN applicants have not been able to complete the process and pay for […]