The IRS provided an update last week on the status of the processing of income tax returns as follows: All paper and electronic individual returns received prior to January, 2022 that were free of errors and did not require further review have now been processed. Of the 8.7 million unprocessed individual returns filed in 2022, […]
The news has been filled with talk about the Reconciliation Bill known as the Inflation Reduction Act of 2022 that was recently signed into law. As is common with most bills, they are lengthy (this one being more than 300 pages) and contain many provisions that are not highlighted and therefore are overlooked. To keep […]
(Straight from the IRS) Compiled annually, the Dirty Dozen lists a variety of common scams that taxpayers can encounter anytime. The IRS warns taxpayers, tax professionals and financial institutions to beware of these scams. This year’s list is divided into five groups. Here’s an overview of the top twelve tax scams of 2022. Potentially abusive […]
Who hasn’t seen these ads on television claiming that if you owe taxes, the advertiser can settle your debt for pennies on the dollar. Do you believe these ads to be valid? Every year, the IRS publishes their DIRTY DOZEN list which is basically a list of the top 12 scams with regard to taxes. […]
Are you one of those taxpayers who is waiting for a refund on your 2020 income tax return? Well, if so, the IRS has just alerted that the processing of 2020 income tax returns is expected to be completed by week’s end. The backlog was just another part of life that was affected by COVID. […]
Still looking for a refund to your returns filed? Unlike in previous years, you can now track refunds for the past two years. The IRS recently enhanced the “Where’s My Refund?” online tool and introduced a new feature that allows you to check the status for the current tax year and two previous years. This […]
The IRS mails letters or notices to taxpayers for a variety of reasons including: • They have a balance due.• They are due a larger or smaller refund.• The agency has a question about their tax return.• They need to verify identity.• The agency needs additional information.• The agency changed their tax return. If a […]
As the federal tax filing deadline approaches later this month, the Internal Revenue Service announced that many Taxpayer Assistance Centers (TACs) will be open around the country this Saturday, April 9, 2022 for face-to-face help. This special Saturday help is available from 9 a.m. to 4 p.m., and no appointment is needed. Normally, TACs are […]
Time to think – or to check – did you file a 2018 federal income tax return? If not, might you be entitled to a refund? Hmmmm, so now is the time to check your 2018 return. Currently, there are over $39,000,000 in refunds due to an estimated 39,000 taxpayers in New Jersey, with Pennsylvania […]
While we may not like to deal with the IRS, we do have the right to receive quality service. As taxpayers, it is important to know what our rights are to better enable the service we receive from the IRS. DID YOU KNOW: Taxpayers have the right to: Receive prompt, courteous, and professional assistance from […]
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