When does Tax Season Start 2018?

Posted by admin on September 18, 2017
Income Tax, Income Tax Preparation, IRS, IRS Tax Dates, Tax Refund, Tax Season / Comments Off on When does Tax Season Start 2018?
When does Tax Season Start 2018

Find out when does Tax Season Start 2018

Find out when to file, how to file free, how to calculate your tax refund, and about tax schedules and deadlines. Tax Season 2018 starts on January 21st, 2018. When does Tax Season Start 2018?

Tax Season 2018 is upon us and taxpayers who are expecting a refund are anxious to submit their 2017 tax forms and get their refund check in the bank. When will the IRS start accepting returns, how much will you get back, and when can you expect your refund to arrive? Also, find out when does Tax Season start 2018. Continue reading…

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Where’s My Refund PATH Act Update: EITC and ACTC Refunds Expected to Arrive the Week of Feb. 27

Posted by admin on February 19, 2017
Income Tax, IRS, refund schedules / Comments Off on Where’s My Refund PATH Act Update: EITC and ACTC Refunds Expected to Arrive the Week of Feb. 27
IRS sent out a press release that all tax refunds will be issued to those with EITC and ACTC the week of February 27th. Where's My Refund PATH Act Update.

Where’s My Refund PATH Act Update

EITC and ACTC Refunds Expected to Arrive the Week of Feb. 27

The IRS recently sent out a press release letting all of the EITC and ACTC Tax Delay taxpayers know that their refunds should arrive by February 27th. Previously Where’s My Refund had a PATH act and then a processing message. Currently most taxpayers are seeing a tax refund date of 2/22/2017 or 2/23/2017. We estimate that all tax refund dates will be updated next week with refunds beginning Friday 2/17/2017.

WASHINGTON — As the IRS begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the tax agency reminded taxpayers that they should not expect refunds to be available in bank accounts or on debit cards until the week of Feb. 27. The additional time is due to several factors, including weekends, the Presidents Day holiday and the time banks often need to process direct deposits.

Many of these refunds had been held since the filing season started in late January due to new requirements the 2015 Protecting Americans from Tax Hikes (PATH) Act.

Source: IRS.gov

What is the PATH Act?

A new tax law requires the IRS to hold entire refunds of millions of taxpayers until at least Feb. 15. This law, called the PATH Act, contains provisions that help combat tax fraud and may impact approximately 15 million taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit. For those who file early, they will have to wait until at least Feb. 15 to get their full refund from the IRS.

While the IRS will release those refunds on February 15, many taxpayers may not see the funds deposit into their banking accounts until the week of February 27. This additional delay could be for many reasons and it is best for taxpayers to check the IRS’s Where’s My Refund website for any funding updates.

Our sister site has a daily update regarding the PATH act, find it here.

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IRS Answers Common Early Tax Season Refund Questions and Addresses Surrounding Myths

Posted by admin on February 01, 2017
Income Tax, IRS, IRS Tax Dates, Tax Season / Comments Off on IRS Answers Common Early Tax Season Refund Questions and Addresses Surrounding Myths
IRS Answers Common Early Tax Season Refund Questions and Addresses Surrounding Myths

IRS Answers Common Early Tax Season Refund Questions and Addresses Surrounding Myths

As millions of people begin filing their tax returns, the Internal Revenue Service reminded taxpayers about some basic tips to keep in mind about their refunds.

During the early parts of the tax season, early filers are anxious to get details about their tax refunds. And in some social media, this can lead to misunderstandings and speculation about refunds. The IRS offers some tips to keep in mind. Continue reading…

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Are you stuck on your refund is still being processed? Here’s why.

Posted by admin on January 26, 2017
Where's My Refund / Comments Off on Are you stuck on your refund is still being processed? Here’s why.

Are you stuck on your refund is still being processed? Here’s why.

As of January 26th, 2017, there has been no changes in Where’s My Refund. Everyone who was accepted in between now and January 13th, 2017 is still in the accepted(or processing) phase. The IRS have yet to update Where’s My Refund for 2017 Direct Deposit Dates, other than the system message once your tax return passes all the tests. Now is not the time to be concerned. We will reported as soon as any 2017 Direct Deposit Dates are issued. All taxpayers who were accepted are stuck on your refund is still being processed right now. Continue reading…

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Find out why millions of tax refunds will be delayed this year

Posted by admin on January 24, 2017
Income Tax, IRS, IRS Tax Dates, Tax Delay, Tax Planning, Tax Refund, Where's My Refund / Comments Off on Find out why millions of tax refunds will be delayed this year
Tax Delay 2017. Find out why millions of tax refunds will be delayed this year

Find out why millions of tax refunds will be delayed this year

Millions of 2017 Tax Refunds will be delayed this year. Find out if yours is one of them.

If you filed the Earned Income Credit(EITC) or the Additional Child Tax Credit(ACTC), your 2017 tax refund will be delayed according to the IRSContinue reading…

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Tax Season 2017

Posted by admin on December 09, 2016
Income Tax, Tax Season / Comments Off on Tax Season 2017
When Can I File Taxes in 2017?

IRS Tax Season 2017 is here

Find out when to file, how to file free, how to calculate your tax refund, and about tax schedules and deadlines. Tax Season 2017 started on January 23rd, 2017.

Tax Season 2017 is upon us and taxpayers who are expecting a refund are anxious to submit their 2016 tax forms and get their refund check in the bank. When will the IRS start accepting returns, how much will you get back, and when can you expect your refund to arrive? Continue reading…

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2017 IRS Where’s My Refund Updating Schedule

Posted by admin on December 08, 2016
Where's My Refund / Comments Off on 2017 IRS Where’s My Refund Updating Schedule
Where's My Refund Updating Schedule

2017 IRS Where’s My Refund Updating Schedule

There are two ways of estimating when you will get your 2016 Tax Refund. The more user friendly simple Refund Schedule, 2017 IRS E-File Cycle Chart for Tax Year 2016. After the IRS stopped releasing a refund schedule, they begin using a  much more advanced  IDRS (Integrated Date Retrieval System) TIF Processing, Production, and Posting Cycles. This is much more difficult for the common(non-accountant) to understand, but we wanted to provide it to our users as a way to help better understand the IRS Where’s My Refund timelines.  Continue reading…

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Popular Tax Breaks Expiring At The End of 2016

Posted by admin on September 26, 2016
Tax Deducations, Tax Exemptions, Tax Hike, Tax Law, Tax Season / Comments Off on Popular Tax Breaks Expiring At The End of 2016

Popular Tax Breaks Expiring At The End of 2016

Last year many popular tax breaks were made permanent thanks to the PATH (Protecting Americans from Tax Hikes) Act.

PATH addressed many critical extenders, such as Section 179 expensing and the research tax credit. With those necessary provisions handled, the stakes this year are much lower. It’s unlikely that the House and Senate will take any action before they adjourn for several weeks leading up to the November elections. Continue reading…

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H&R Block Loans – Emerald Advance Loans available starting November 2016

Posted by admin on September 16, 2016
H&R Block, Tax Refund, Tax Season / Comments Off on H&R Block Loans – Emerald Advance Loans available starting November 2016

H&R Block Loans – Tax Refund Loan – H&R Block Holiday Loan 2016

Starting November 2016, H&R square will start offering their Tax Refund Loan Product called Emerald Advance which depends on the Tax Refund you hope to got in 2016. You may be applying for a Tax Refund Loan in Local H&R Block Offices. The Tax Refund Loan, if endorsed, is posted on an Emerald Prepaid MasterCard. When you get your Tax Refund, it is connected to the parity to pay down the advance in the event that you pick. This is unique in relation to Refund Anticipation Loans that were offered in the past on the grounds that after you get a Tax Refund Loan from H&R Block, you will keep on having admittance to the Line of Credit All Year! H&R Block Loans.

Tax Refund Loans for 2017 in November 2016. H&R Block Loans starting in November 2015.

Continue reading…

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Many Taxpayers Recently Hacked

Posted by admin on February 10, 2016
IRS / Comments Off on Many Taxpayers Recently Hacked
IRS Answers Common Early Tax Season Refund Questions and Addresses Surrounding Myths

Many Taxpayers Recently Hacked on IRS.gov Where’s My Refund website.

The IRS reports that on February 9th, 2016, there Where’s My Refund had 1000s of attempts to view taxpayer information in an effort to hack many taxpayers.

Full story:

The IRS recently identified and halted an automated attack upon its Electronic Filing PIN application on IRS.gov. Using personal data stolen elsewhere outside the IRS, identity thieves used malware in an attempt to generate E-file PINs for stolen social security numbers. An E-file pin is used in some instances to electronically file a tax return.

No personal taxpayer data was compromised or disclosed by IRS systems. The IRS also is taking immediate steps to notify affected taxpayers by mail that their personal information was used in an attempt to access the IRS application.  The IRS is also protecting their accounts by marking them to protect against tax-related identity theft.

IRS cybersecurity experts are currently assessing the situation, and the IRS is working closely with other agencies and the Treasury Inspector General for Tax Administration. The IRS also is sharing information with its Security Summit state and industry partners.

Based on our review, we identified unauthorized attempts involving approximately 464,000 unique SSNs, of which 101,000 SSNs were used to successfully access an E-file PIN.

The incident, involving an automated bot, occurred last month, and the IRS continues to closely monitor the web application.

This incident is not connected or related to last week’s outage of IRS tax processing systems.

Source: IRS.gov

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