January 8, 2020
The report says the IRS is also struggling to enforce the law with “fairness to all.” The IRS recently estimated it was unable to collect an annual average of about $381 billion in unpaid tax attributable to legal-source income for tax years 2011-2013.
January 7, 2020
The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed, ask your tax professional...
January 6, 2020
Each year, Free File partners, acting through FFI, offer their software free to eligible taxpayers. Any taxpayer earning $69,000 or less can find one or more free commercial software products available by visiting www.IRS.gov/freefile.
January 6, 2020
The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.
January 1, 2020
The good news is that there's no reason to get refund loans or other such services, since you can get your refund in as little as 10 days if you file early and e-file your tax return.
December 31, 2019
The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed, ask your tax professional...
![tax-refund1_10916239[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2022/07/36076/tax_refund1_10916239_1_.5e09733c8f20a.png)
December 30, 2019
Taxpayers can receive their income tax refund by direct deposit, with no refund loan charges, as early as January 31. This chart shows how fast you can get your refund, based on when you file your tax return with the IRS.
December 27, 2019
This chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed ...
December 18, 2019
The new legislation is expected to be signed by President Trump soon after it hits his desk. Keeping that in mind, here are some of the key extensions granted by Congress right before Christmas.
December 6, 2019
Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.
December 6, 2019
Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.
December 3, 2019
The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed ...