It’s nearly Tax Day. If you’re like me, you’re not ready to pop your return in the post just yet. That’s right: like more than 10 million other taxpayers, I’m filing for an automatic extension this year. Don’t get all judge-y. There’s no need. There are lots of legitimate reasons why taxpayers need more time…
The delay in processing forms 8863, Education Credits, at the IRS is causing more trouble than just slowing down refunds. The delay, which was formally addressed this week by the Department of Education, is the result of “a technical error with a limited number of tax filing software products” and has affected hundreds of thousands…
As tax season heads towards the home stretch, hundreds of thousands of taxpayer refunds have been delayed. While taxpayers expected minor glitches associated with a late start to the tax season, the magnitude of the delays, especially those involving the form 8863 for education credits, took the tax world by storm. Angry taxpayers have been…
(Note: Updated to reflect Department of Education comments.) As anger continues to grow over delays with processing the federal form 8863, Education Credits, I reached out to the Internal Revenue Service, H&R Block, and the Department of Education to answer your questions. IRS spokesperson Michelle Eldridge offered the following statement about the delays: The IRS…
Tax season is proving to be a major headache for taxpayers this season. And it looks like it’s not about to get better for hundreds of thousands of taxpayers who claimed the American Opportunity Credit or the Lifetime Learning Credit on their personal income tax returns. To claim the credit, taxpayers must file a federal…
When the Internal Revenue Service finally announced that it was accepting federal form 8863, Education Credits (American Opportunity and Lifetime Learning Credits (downloads as a pdf), taxpayers heaved a sigh of relief. With a delayed tax season already in play, the additional two weeks pushed filing dates out more than three weeks for up to…
In this economy, every penny saved helps. If you’re looking for ways to save at tax time, the Walmart Foundation may be able to help. The Walmart Foundation is providing free federal and state preparation for qualified taxpayers through the support of the MyFreeTaxes partnership. The MyFreeTaxes Partnership is easy, safe, secure, and 100 percent…
Everyone has a story about a tax return gone bad. And this is your chance to turn your bad tax move into a good one… Have a horrible tax filing story? Car break down blocks from the post office? Ran out of paper in the printer? Dog ate your return? Tell me your worst tax…
While some indicators point towards an economy on the mend (including steady inflation rates and strong Black Friday sales), it’s clear that many Americans are still financially strapped. This has been particularly evident over the past few weeks as my email inbox has been chock full of questions about whether H&R Block will be offering…
Sometime tomorrow, I’m pulling the switch and you’ll start to see my new and improved taxgirl site on Forbes. If you just can’t wait, you can check it out here, subscribe to the feed here and follow me on Forbes by clicking here. Of course, don’t forget about my Facebook page and twitter. In terms…