With tax season in full swing, the Internal Revenue Service (IRS) has issued a reminder to taxpayers to avoid unethical “ghost” tax return preparers. A ghost preparer is a paid tax preparer who isn’t on the IRS’ radar because he or she doesn’t have a Preparer Tax Identification Number (PTIN). And to stay hidden, a ghost preparer will take…
The tax filing season opens on January 27, 2020. If you’re looking for ways to keep on top of things, check out IRS2Go, the official mobile app of the Internal Revenue Service (IRS). With IRS2Go, you can check your refund status, make a payment, and find free tax preparation assistance. Some of the features on…
It’s a good idea to mull over other strategies before applying for a tax Refund Anticipation Loan (RAL). Just make sure they’re appropriate alternatives. Here are a few to consider: 1. Adjust your withholding. If you’re getting a big tax refund, that can mean that you’re having too much money withheld from your paycheck. You might do better…
Tax season opens Monday, January 27, 2020. The beginning of tax season can be a busy and anxious time for taxpayers – especially those who are waiting for tax refunds. Sometimes, taxpayers who are waiting for refunds turn to refund anticipation loans (RALs). Here’s what you should know about how they work and why you…
If you have your business tax payments set to auto-pilot, check those addresses: The IRS is closing business payment P.O. Boxes in the Cincinnati and Hartford areas beginning July 1. Payments mailed to a closed payment location will be returned to the sender. To help ensure timely receipt, check Where to File before mailing in a payment….
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What’s better than one organization fighting international and transnational crime? Try five. This week, tax authorities from the United Kingdom (UK), United States (US), Canada, Australia, and the Netherlands combined forces to put a stop to the suspected facilitation of offshore tax evasion. The operation was part of a series of investigations into an international…
Tax season officially opens on January 27, 2020, and that means that many taxpayers are anxiously waiting to file in anticipation of a tax refund. But not all taxpayers are eligible to receive a tax refund right away: the law requires the Internal Revenue Service (IRS) to hold refunds tied to the Earned Income Tax Credit (EITC)…
More than 50 years ago, Dr. Martin Luther King, Jr., a leader in the civil rights movement, was on the receiving end of repeated harassment by tax authorities. Inquiries into Dr. King’s finances were not new: He was investigated in two separate states (Georgia and Alabama) on numerous occasions and together with his legal team…
The Internal Revenue Service (IRS) will begin accepting paper and electronic tax returns on January 27, 2020. That means that tax forms used to prepare returns may already be in the hands of taxpayers, or they are on their way. Here’s what you need to know about tax form due dates and what to do if…