Taxpayer asks: What if I already filed my 1040 and scheduled an EFTPS automatic payment on April 15? Is there a way to cancel that automatic payment and take advantage of the deferral to July 15? Taxgirl says: To be honest, I didn’t know the answer to this one, so I had to do a…
(Updated March 27, 2020) As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, the Internal Revenue Service (IRS) has announced that the due date for filing and making tax payments has been pushed to July 15, 2020. The relief raised a number…
Will they or won’t they? That’s the question on the minds of many taxpayers as rumors swirl about a potential extension of the tax filing season. Sometimes rumors are just a mix of speculation and whisper down the lane. But this one really does have some basis in fact: Members of the House Ways and…
Ready to file your 2019 tax return? The filing season officially opens on January 27, 2020, but taxpayers can get an early start today. The Internal Revenue Service (IRS) has announced that Free File is officially open. Free File is available to taxpayers whose adjusted gross income (AGI) was $69,000 or less in 2019. You can find your AGI by…
Might we finally be turning a corner? Tax season appeared to be off to a slow start when it opened in January, with initial statistics showing fewer returns filed and smaller refunds issued. Numbers from the Internal Revenue Service (IRS) have remained low since the open, but this past week they’ve finally ticked up where it matters to…
The Internal Revenue Service (IRS) might have opened tax season on time this year, but tax season is proving to be anything but ordinary. Initial statistics show that, compared with the last filing season, taxpayers aren’t rushing to file their returns. Tax season opened on January 28, 2019. In the first full week of tax season (ending…
The Internal Revenue Service (IRS) was open for business on the first day of tax season, Monday, January 28, 2019. With the government shutdown over (at least for now), the IRS is trying to get back to normal. IRS Commissioner Chuck Rettig assured taxpayers, “The IRS will be doing everything it can to have a smooth…
The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 28, 2019. The IRS will begin accepting paper and electronic tax returns that day. The IRS made the start date announcement despite the ongoing government shutdown. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown….
Millions of taxpayers expect to be ready in January when tax season opens, but will the Internal Revenue Service (IRS) be ready? With a showdown in Washington over border security, there’s no federal budget in place. That means that funding for many government agencies has run out, resulting in a partial shutdown. Among those affected?…
The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 29, 2018. The IRS will begin accepting paper and electronic tax returns that day, with more than 155 million individual tax returns expected to be filed in 2018.