Rest easy, folks: your tax refunds are safe. Despite dire warnings that tax refund delays could happen if Congress didn’t address the debt ceiling crisis (the same worries we had last year), we don’t have anything to worry about for 2014. Well, at least not as it relates to refunds and the debt ceiling. In…
With tax season underway, the IRS is reporting that millions of taxpayers have already received refunds. Others, however, aren’t so lucky. As “Where’s My Refund?” changes from expected refund date to error codes, taxpayers are growing frustrated. The IRS has some (but not all) answers.
Gov. Andrew Cuomo has announced that New York will issue estate tax refunds to those taxpayers who file amended returns as a result of the recent Supreme Court ruling that deemed DOMA unconstitutional.
This week, Rashia Wilson received a record sentence for her role in a massive identity theft scam used to defraud the Treasury. Wilson, together with her boyfriend and colleague, used stolen identities to bilk the IRS out of nearly $20 million.
Things are turning around for the Yankees. Derek Jeter, who hasn’t played this season, made an appearance on the field today, taking a few practice swings. The team is 2nd in the AL East (and yes, their winning percentage is much better than my beloved Phillies who are a dismal 3rd in the NL East)….
If you were one of the hundreds of thousands of taxpayers affected by the tax season filing snafu involving education credits – and you filed using H&R Block – you might be getting some relief. The tax preparation giant is offering $25 to its customers affected by the delay in processing individual tax returns claiming…
It’s 2013. Do you know where your refund is? No, not your 2012 refund (arguably, no one knows where many of those are) but your 2009 refund. Nearly $1 billion in outstanding refunds remain unclaimed by an estimated 984,400 taxpayers who did not file a federal income tax return for 2009. How much is a…
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…
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…
The IRS has announced that extremely high traffic is causing the “Where’s My Refund?” tool to be unavailable for some taxpayers at times this season.