February 14, 2017
President Trump’s executive order for immigrants isn’t the only travel ban that may cause controversy. Under a lower-profile highway spending measure passed in 2015, and signed by President Obama, the IRS can prevent tax debtors from using their ...
February 10, 2017
In the new case, a Seattle bank paid the taxpayer, its president and CEO, a bonus of $612,000. Subsequently, she reported the bonus as taxable income on her 2010 return. A few months after the bonus was paid, the bank terminated the taxpayer’s ...
November 22, 2016
The IRS will begin processing tax returns on January 24, 2017, for taxes paid/owed in 2016. In general, the IRS says that returns with refunds are processed and payments issued within 21 days. For paper filers, this can take much longer, however.
November 16, 2016
Want to get your tax refund as fast as possible? Of course you do. So, before you get ready to file, make you have all the documents you will need, such as W-2s and 1099s. And take a few simple steps to avoid tax refund delays.
November 9, 2016
2017 IRS tax refund schedule. Where's your income tax refund? When will the IRS send you your tax refund either by mail or by direct deposit? We've got the answer.
August 29, 2016
With about two months left before the presidential election, Republican nominee Donald Trump still hasn’t made his tax returns available to the general public. And it doesn’t look like the billionaire is going to do it anytime soon or even before voters g
August 10, 2016
If taxpayers have an expired ITIN and don’t renew before filing a tax return next year, they could face a refund delay and may be ineligible for certain tax credits, such as the Child Tax Credit and the American Opportunity Tax Credit, until the ITIN is r
August 3, 2016
For employees who live a fair distance from work, commuting can be costly and time-consuming, not to mention a hassle. At least employers may provide some relief by offering certain tax-free transportation benefits. The three main benefits are ...
August 2, 2016
The Internal Revenue Service is warning taxpayers to stay vigilant against an increase of IRS impersonation scams in the form of automated calls and new tactics from scammers demanding tax payments on iTunes and other gift cards.
July 31, 2016
A provision for retirement planning services was added to the tax code back in 2001. As long as certain requirements are met, these benefits of such a program, which are usually reasonable in cost, are tax-free to employees and deductible by the ...
July 25, 2016
If there’s one thing we all have in common, it’s that no one enjoys filing taxes. But, according to recent studies, millennials feel particularly anxious about the annual process.
July 20, 2016
The LITC program is a federal grant program administered by the Office of the Taxpayer Advocate at the IRS, led by National Taxpayer Advocate Nina E. Olson. Although LITCs receive partial funding from the IRS, LITCs, their employees and their ...