The IRS stats are in: Here’s how tax refunds look compared to last year
KEY POINTS. The average tax refund for the week of April 19 was $2,725 — down 2% from last year’s levels. Overall, the federal government paid $260.9 billion in tax refunds, which is nearly $5 billion less compared to last spring. This …
Can You Trust Online Do It Yourself Tax Software?
We have all heard of do-it-yourself tax software. Perhaps you are even planning to use it when the tax period sweeps in. But can we trust do-it-yourself tax software? How efficient, reliable and credible is it? Well, we are glad you bumped …
Congress Introduces Bill To Improve Experiences For Taxpayers And Modernize The IRS
U.S. Senate Finance Committee Chair Chuck Grassley (R-IA) and Senator Ron Wyden (D-OR) have introduced legislation aimed at improving experiences for taxpayers. The bill, referred to as the Taxpayer First Act of 2019, is intended to modernize the Internal Revenue Service (IRS) and …
IRS giving millions a pass on penalties for 2018 underpayment
The IRS once again is making it easier on taxpayers facing unexpected penalties following implementation of the Tax Cuts and Jobs Act. Individuals who failed to pay a certain percentage of their federal tax bill throughout the year are subject to an …
How to get a bigger tax refund
How to get a bigger tax refund If you want a bigger tax refund you should first verify your tax withholding with your employer. You must ensure that the proper tax is being withheld so that you are not liable to pay …
Benefits of a Tax Preparer Network
Are you an independent tax preparer looking to grow your book of business? Are you interested in leveraging your existing client relationships to cross-sell additional services? Could you benefit from access to professional tax preparation software, and an in-house team of tax …
These red flags on your 2018 tax return could spark interest from the IRS
Even though the IRS may be just getting back on its feet after the partial government shutdown — with another one potentially in mid-February — don’t assume you can pull a fast one on your tax return this year. Because much of …
Here’s when you can expect your tax refund to hit your bank account, according to the IRS
Most people dread filing their taxes— but nearly everyone is hoping for a refund. The IRS was affected by the record 35-day government shutdown, though it said it would still work to process tax returns and provide refunds to filers on time. …
Filing Taxes During a Government Shutdown
Benjamin Franklin once wrote that there was nothing certain in life but death and taxes. Because taxes are the fuel that runs our government, even when the government shuts down taxes are due. Whether you’re expecting a refund or owe the Internal …
Taxes 2019: When to file and what big changes to expect
The last year has seen one of the biggest changes to the tax code in recent history, leaving many filers (and some tax preparers) unsure of what to expect this year. Fortunately, most of the changes are quite specific and actually make …
