The IRS collaborates with thousands of volunteers who help prepare tax return in their communities. According to the IRS, they assist in preparing millions of tax returns every year. The two most common type of help organizations endorsed by the IRS are The Volunteer Income Tax Assistance (VITA) program and...

Despite the government shutdown earlier this year, there was a minimal impact on processing tax returns and issuing refund payments. We’re back to business as usual for the IRS and the typical processing times are applicable again. The speed of receiving your refund is tied to how you like to...

I’m about to get started with my own tax returns, and even though it’s not the highlight moment for the year for me, it is an opportunity to organize my documents. I find it much easier to get through the tax season when I’m well prepared and organized. Having a...

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....