Many taxpayers are getting a refund this time of the year but it doesn’t apply to everyone. You only get a refund if you had withholdings throughout the year, but those who are self-employed, run a small business, or minimize the amount of withholdings on their W-2s may have a...

Over the last several years, TurboTax has moved away from offering product support via phone. Instead, it has opted for users to email any questions or find solutions independently and TurboTax is facilitating it by providing multiple resources. When you have an inquiry of any type, Intuit, the maker of...

It’s already been one year since the new tax law known as the Tax Cuts and Jobs Act went into effect. Here it a quick review of the important changes that impact the overall tax liability. Tax Brackets – The Federal brackets are changing. There has been a change to...

Every year tax preparation software developers implement improvements to make the process of tax preparation as uncomplicated and relaxing as it gets. But there is only so much that can be done to simplify the entire experience. Other than updates to the tax law, it has proven difficult to make...

The IRS starts processing tax returns towards the end of January and issuing refunds shortly after. This year may be quite different in that we are currently dealing with the partial government shutdown. The government employees, which also include the IRS staff, have been furloughed for a few weeks already...

An Individual Taxpayer Identification Number, or ITIN, is a number issued by the IRS to individuals who are required to have a taxpayer id number for the purpose of filing federal tax returns, but who do not qualify to obtain a social security number. Individuals who were issued an ITIN...

This time last year we witnessed a development and implementation of the tax reform known as the Tax Cuts and Jobs Act. The reform has not only impacted the individuals and businesses, but also the IRS that has had to revise and update over 400 tax forms, publications, and instructions....

Time to file tax returns is running out with only hours left to go. Here are some topics to consider and make quick decisions on what to do next to ensure we are complying with the government regulations. Do I have to file taxes? If you worked in 2017, you...

This is arguably the busiest day to file taxes. If you still haven’t filed, there might be one more difficult decision to make before even starting to report the numbers and that is, how to do it and what product to use. If you plan to file by yourself, there...

It is hard to imagine anyone being excited about filing taxes unless you’re 100% convinced you’re getting a refund. And now according to the IRS there is roughly $1.1 billion in unclaimed tax refunds for 2014 alone! The IRS estimates that some one million taxpayers have not filed 2014 tax...