If you’re one of those taxpayers who usually files the second that you have your form W-2 in hand, take heart. Today is finally the day that you can rush down to your tax preparer or fire up the computer to do it yourself. The Internal Revenue Service has already delayed the filing season by…
With just a few days left before tax season officially opens on January 30, the Internal Revenue Service has announced that there will be a slight delay in processing individual tax returns claiming education credits. Those returns will begin to be processed by the middle of February. Specifically, those taxpayers who are affected are those…
It all started with a ping. Just before noon, I got an interesting tweet. A flurry of tweets, Facebook messages, and emails followed. It was, in the grand scheme of my day, kind of a big deal. I had been following the IRS’ plans to regulate preparers more or less since then Commissioner Doug Shulman…
January 22nd has come and gone without incident. It was supposed to be opening day for tax season at the Internal Revenue Service. But with a last-minute tax deal, the IRS has pushed off opening day until January 30. Today, the IRS confirmed that opening day for tax season at the agency is still slated…
In light of the decision in Loving et al v Commissioner where the court ruled that the Internal Revenue Service did not have the authority to regulate tax preparers, the IRS has issued the following statement: As of Friday, Jan. 18, 2013, the United States District Court for the District of Columbia has enjoined the…
Taxpayer asks: I read your article that said you can’t file your taxes until 1/30 but my tax guy says that’s only for people who itemize. He says I can file this week and get my refund faster. Now I’m confused. taxgirl says: ARGH. *clears throat* Sorry, I just had to get that out of…
Taxpayer asks: Can I file my taxes before January 30? I want my refund. Taxgirl says: I’ve received about thirty different variations on this question alone since the IRS announced that they were delaying the start of filing season. E-file was set to open on January 22, 2013, but due to the last-minute tax deal…
What could you do with six billion hours? Think hard. That’s the equivalent of 8,758 lifetimes. Yes, lifetimes. It’s also how much time taxpayers spend every year trying to comply with tax-filing requirements. That, according to the 2012 annual report as prepared by the National Taxpayer Advocate Nina E. Olson. The report was delivered this…
The Treasury Department may be getting a new look … or two… or three. Just weeks after (now) former Internal Revenue Service (IRS) Commissioner Doug Shulman announced his plans to step down, Secretary of the Treasury Timothy Geithner will also be departing. Since the IRS is a bureau under the Treasury, the Commissioner generally reports…
Good things come to those who wait, right? It turns out that tax season won’t begin on January 22, 2013, after all – not that we expected as much. The Internal Revenue Service has announced that it has revised its opening date for tax season, pushing it out just eight days to January 30, 2013….