2015

IRS Tax Season 2016 off to slow start for many

Posted by admin on February 05, 2016
Income Tax, IRS, Tax Refund, Where's My Refund / Comments Off on IRS Tax Season 2016 off to slow start for many

IRS Tax Season 2016 off to slow start for many

IRS still a bit behind on tax refunds to date(one week or more for some). We are reevaluating our expected Refund Date being today(February 5th, 2016.) We know many of you have yet to see a change in your refund status.
We contacted the IRS yesterday and were told that many who filed last month will not see tax refunds until next week due to new fraud protections in place.

We will let everyone know once we have solid proof of a payout date for some January filers.

Keep watching our website for the latest IRS updates and news. Click here for more information.

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IRS began accepting 2015 Tax Returns

Posted by admin on January 11, 2016
Income Tax, IRS, IRS Tax Dates / Comments Off on IRS began accepting 2015 Tax Returns

IRS began accepting 2015 Tax Returns today

The IRS have accepted several 2015 tax returns today.  This will mean that many taxpayers will be getting their 2016 tax refunds by the end of January 2016. IRS began accepting 2015 Tax Returns. Read below for full details:

We have had a few of our Facebook followers and website viewers report that they have had their federal tax returns accepted by the IRS already for Tax Season 2016. We were under the impression from the IRS that returns would not be accepted until January 19th, 2016. This is great news for those lucky ones. We will update our 2016 IRS tax refund schedule to reflect the lucky few who have been accepted. Feel free to send us an email regarding your tax return acceptance date to give us all some hope. Many individuals might expect to get their IRS Tax Return Acceptance Early, but read the email before jumping to that conclusion. Early Tax Return Acceptance is very common each tax season due to the IRS testing their online e-file processing.

We are keeping this very short because none of our accountants or clients have reported this and it is purely from Facebook messages.

Early Tax Return Acceptance 2016

Our email is Info @ RefundSchedule.com. Send us an email and we will update this post to reflect the email.

Thank you for reading.

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2015 IRS Tax Season to Open Jan. 20, 2015

Posted by admin on November 23, 2014
IRS, Tax Season / 4 Comments

2015 IRS Tax Season to Open January 20, 2015; e-file and Free File Can Speed Refunds.

IRSTaxSeason.com

The Internal Revenue Service today announced plans to open the 2015 IRS tax season on January 20, 2015 and encouraged taxpayers to use e-file or Free File as the fastest way to receive refunds.

2015 IRS Tax Season

The new opening date for individuals to file their 2014 tax returns will allow the IRS adequate time to program and test its tax processing systems. The annual process for updating IRS systems saw significant delays in October following the 16-day federal government closure. Continue reading…

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How to Estimate Your Tax Refund

Posted by TaxGuy on October 22, 2014
Income Tax, IRS, Tax Refund / No Comments

Income tax filing can be a dreaded event for some taxpayers, but if you are expecting a tax refund, it’s a good idea to know how much you could be getting back. Estimate your Tax Refund today!

The “Tax Refund Estimatortax calculator can simplify the process for you and help provide a fairly reliable figure on your estimated tax refund.

This tax calculator can also help you determine whether you’ve underpaid taxes for the year, and if so, how much you will owe the IRS on April 15th. Continue reading…

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IRS says 2015 Tax Season could be delayed

Posted by TaxGuy on October 08, 2014
Income Tax, IRS / 1 Comment

IRS says 2015 Tax Season could be delayed for 2014 tax filings.

Americans might have to wait longer than usual to receive their tax refunds in 2015.

The IRS is waiting for lawmakers to act on expired tax provisions called extenders. If Congress fails to resolve the issue by the end of November, that could delay the 2015 tax season — and therefore push back the date when refund checks start to get cut and sent out. Continue reading…

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Tax Season 2015 starts

Posted by TaxGuy on October 08, 2014
Income Tax, IRS, IRS Tax Dates, Tax Planning / 4 Comments

Tax Season 2015 starts January 23rd 2015.

The I.R.S is expected to start accepting 2015 tax returns as of January 23rd, 2015 per the 2015 IRS Refund Cycle Chart. This doesn’t mean that you will not be able to submit your 2014 tax return to the I.R.S before then though. All of the I.R.S. tax forms are usually available by January 5th (2015). If filing by January 23rd, 2015, check our 2015 IRS Refund Cycle Chart to see when you will get your return back. Also if you will owe taxes in 2015, this can give you an idea of the earliest date that you would need to pay them. Tax Season 2015 will begin very soon, so the time to start preparing is now. Continue reading…

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IRS Warns of Tax Scams

Posted by TaxGuy on February 25, 2014
Income Tax, IRS, Tax Scams / No Comments

IRS Warns of Tax Scams in 2014.

The IRS is warning Americans of tax scams. This year identity theft and phone scams top the agency’s “Dirty Dozen” list of worst schemes taxpayers could encounter.

In a news release, the IRS announced Americans could see these scams at any point in the year, but many of the schemes peak during tax season.

“Scams can be sophisticated and take many different forms. We urge people to protect themselves and use caution when viewing emails, receiving phone calls or getting advice on tax issues,” IRS Commissioner John Koskinen said in a news release.

Below are the top three scams taxpayers should be on the lookout this year. IRS Warns of Tax Scams!

Identity Theft

The IRS said tax fraud through identity theft tops this year’s list. Fraudsters like to get taxpayers Social Security Number and other bits of information. They then use it to fraudulently file a tax return and claim the refund.

The IRS suggests taxpayers be alert to possible identity theft if they receive an IRS notice that states:

  • More than one tax return for you was filed.
  • You have a balance due, refund offset or have had collection actions taken against you for a year you did not file a tax return.
  • IRS records indicated you received wages from an employer unknown to you.

If you believe you were a victim of identity theft the IRS suggests you notify the agency as soon as possible.

Telephone Scams

The IRS said it has seen an increase in local phone scams across the United States. Callers pretned to be from the IRS. The goal is to steal money or identities from victims.

According to the IRS, these scams come in many variations. Some callers will say the victim owes money or is entitled to a larg refund. Others might threaten arrest or driver’s license revocation.

Common characteristics of these scams include:

  • Scammers use fake names and IRS badge numbers.
  • Callers might be able to recite the last four digits of a victims Social Security Number.
  • Con artists may imitate the IRS toll-free number to make it seems like it’s the IRS calling.
  • Scammers sometimes send falsified IRS emails to victims to support their bogus calls.

False Promises of “Free Money”

It is common for scam artists to pose as tax preparers during tax season. The IRS said scammers lure victims in by promising large federal tax refunds. They use flyers, phony store fronts and word of mouth to attract as many victims as possible. The IRS said these scammers prey on people who do have a filing requirement like low-income individuals and the elderly.

For more information on these scams and several others visit IRS.gov.

Find out when your Income Tax Return will arrive on our 2014 IRS E-File Cycle Chart.

Discuss this on the Income Tax Forums.

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Free File 2014 Opens Jan. 17

Taxpayers who want to take advantage of the Internal Revenue Service’s free tax preparation e-filing program won’t have to wait. The Free File program opens to taxpayers on Jan. 17, two weeks before the IRS starts processing 2013 tax returns.

Free file 2014The IRS will not start processing any tax returns until Jan. 31. The government shutdown in October 2013 slowed IRS updates of forms and tests of its computer systems, leading officials to push the official opening of this year’s filing season to the end of the month.

But that doesn’t mean taxpayers have to sit around. Free File companies will hold taxpayers’ completed tax returns and then submit them on Jan. 31.

The early opening of Free File is good news for millions of eligible taxpayers. They are among the group of electronic filers, which increases every year, primarily because they can get their refunds more quickly.

And for the 2014 filing season, a few more taxpayers should be able to use the Free File option. The income eligibility limit has been increased to $58,000. That’s $1,000 more than last year.

Free File 2014 basics

  • You can file your 2013 tax return through Free File if your adjusted gross income is $58,000 or less.
  • The income cutoff applies regardless of your filing status.
  • Free File is for individual, not business, tax returns. However, a sole proprietor who files Schedule C with Form 1040 can use Free File.
  • Some participating Free File vendors also offer free state tax return preparation and e-file.
  • Some Free File companies offer free electronic extensions. But remember, you still must pay any taxes due by the April 15 deadline or you’ll be charged interest and possibly penalties on any tax you owe.
  • You do not download anything. All of the software, which is encrypted to protect privacy, remains at the Free File company website you select, and your return is filed from there.
  • Access Free File by going to IRS.gov and clicking on the Free File icon. Beware of offers by outside websites to take you to the Free File website, as they could be scams operated by identity thieves.

The Free File program is a partnership between the IRS and the Free File Alliance, a group of tax preparation software manufacturers. Fourteen companies are expected to participate in the program this filing season.

“All the (2014 filing season tax software companies) have done it before. We have experienced providers within the commercial world and the Free File world,” says Tim Hugo, executive director of the Clifton, Va.-based Free File Alliance.

Free File was created in 2003 as a way to get more people to e-file. Its target is taxpayers who might otherwise not e-file because they don’t want or can’t afford to pay the cost of the computer filing programs or professional tax help.

Who qualifies?

The key qualification for Free File services is income. This year, taxpayers with adjusted gross income of $58,000 or less, regardless of filing status, can use the online program.

Participating tax software companies can establish other eligibility requirements. Some may limit usage of their programs based on geographic location, military service or other criteria.

To determine which software best fits your filing needs, the Free File website includes an online search tool to help you select one of the participating Free File companies.

Free File contributions to e-filing

In 2013, almost 144 million tax returns were filed electronically, according to IRS data complete through May 2013. That represents a nearly 2% increase in e-filed returns over the previous year. The sector that showed the most growth last year, according to IRS statistics, was tax returns prepared and filed by taxpayers on their own.

Around 3 million of those self-prepared returns e-filed last year came through Free File, says Hugo. That number has held steady for the past few years.

Three million of those returns e-filed last year came through Free File, says Tim Hugo, executive director of the Clifton, Va.-based Free File Alliance.

“We would love to have more,” says Hugo, but he points to the program’s overall contribution to e-filing. Since its inception, says Hugo, Free File has accounted for the submission of more than 40 million federal returns.

“We get people in the door for e-filing, people who’ve never e-filed before,” says Hugo. “They may go to a commercial product later on, but they will continue to e-file. We are very pleased with that.”

Hugo says the program also has evolved to meet taxpayer needs. “We look at Free File as a three-legged stool,” he says. “There is the traditional Free File, fillable forms and VITA providing services to every income.”

Working with VITA

The filing needs of lower-income taxpayers are addressed through Free File’s continuing partnership with the federal Volunteer Income Tax Assistance program, popularly known as VITA.

VITA tax-filing clinics are set up each year in public places — from libraries to community centers to shopping malls. Its volunteers provide free filing assistance to low- and moderate-income taxpayers who might not be able to afford tax software or professional filing help. This filing season, the services of IRS-certified VITA volunteers are available to people who make $52,000 or less.

Hugo says Free File is again placing kiosks, similar to self-checkout stations in retail stores, at VITA sites nationwide.

“You can do your return there or partially do your return and, if you need help, ask a VITA volunteer,” says Hugo. “This helps some of those who are most in need of tax help.”

The IRS has an online search tool to help taxpayers locate a nearby VITA site. Taxpayers also can call (800) 906-9887 for VITA locations.

Free fillable forms remain

The IRS says that Free File is available to 70% of taxpayers. But if you are among the 30%  making too much money to use the service, you still can file for free using the tax agency’s fillable federal return form option.

Here, online versions of the most commonly used IRS tax forms are available through the Free File page. You fill them out on your computer and then e-file the documents at no charge.

Just don’t mistake the forms for tax software.

The fillable forms offer only basic calculations of what’s entered on the form. And you must figure out what goes on the form without the online prompting found in software.

Also, the information is not automatically transferred to associated forms. That means you must, for example, manually enter your itemized deductions total from Schedule A to the appropriate line on Form 1040.

Still, taxpayers with relatively simple filing needs who don’t want to buy tax software might find fillable forms a welcome alternative.

Note, however, that you’ll have to wait a bit longer to use the free fillable forms option. They won’t be available until Jan. 31, the same day that the IRS opens its filing doors to all taxpayers.

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2014 IRS Tax Refund Schedule Dates

Posted by TaxGuy on December 20, 2013
Income Tax, Income Tax Preparation, IRS, Tax Law, Tax Planning / 2 Comments

2014 IRS Refund Cycle Chart and e-file payment information.

This is a schedule for 2014 IRS Refund Cycle Chart. Direct Deposit and Check date’s below. Please see disclaimer. 2014 tax refund schedule is listed below for information purposes. 

2014 IRS Tax Refund Schedule Dates

2014 IRS E File Refund Chart 2013 Tax Year

IRS accepts your return (by 11:00 am) between…* Projected Direct Deposit Sent* Projected Paper Check Mailed*
January 30 2014 2/5/2014 2/7/2014
February 01 and February 08 2014 2/12/2014 2/14/2014
February 09 and February 15 2014 2/19/2014 2/21/2014
February 16 and February 22 2014 2/26/2014 2/28/2014
February 23 and March 01 2014 3/5/2014 3/7/2014
March 02 and March 08 2014 3/12/2014 3/14/2014
March 09 and March 15 2014 3/19/2014 3/21/2014
March 16 and March 22 2014 3/26/2014 3/28/2014
March 23 and March 29 2014 4/2/2014 4/4/2014
March 30 and April 05 2014 4/9/2014 4/11/2014
April 06 and April 12 2014 4/16/2014 4/18/2014
April 13 and April 19 2014 4/23/2014 4/25/2014
April 20 and April 26 2014 4/30/2014 5/2/2014
April 27 and May 03 2014 5/7/2014 5/9/2014
May 04 and May 10 2014 5/14/2014 5/16/2014
May 11 and May 17 2014 5/21/2014 5/23/2014
May 18 and May 24 2014 5/28/2014 5/30/2014
May 25 and May 31 2014 6/4/2014 6/6/2014
June 01 and June 07 2014 6/11/2014 6/13/2014
June 08 and June 14 2014 6/18/2014 6/20/2014
June 15 and June 21 2014 6/25/2014 6/27/2014
June 22 and June 28 2014 7/2/2014 7/4/2014
June 29 and July 05 2014 7/9/2014 7/11/2014
July 06 and July 12 2014 7/16/2014 7/18/2014
July 13 and July 19 2014 7/23/2014 7/25/2014
July 20 and July 26 2014 7/30/2014 8/1/2014
July 27 and August 02 2014 8/6/2014 8/8/2014
August 03 and August 09 2014 8/13/2014 8/15/2014
August 10 and August 16 2014 8/20/2014 8/22/2014
August 17 and August 23 2014 8/27/2014 8/29/2014
August 24 and August 30 2014 9/3/2014 9/5/2014
August 31 and September 06 2014 9/10/2014 9/12/2014
September 07 and September 13 2014 9/17/2014 9/19/2014
September 14 and September 20 2014 9/24/2014 9/26/2014
September 21 and September 27 2014 10/1/2014 10/3/2014
September 28 and October 04 2014 10/8/2014 10/10/2014
October 05 and October 11 2014 10/15/2014 10/17/2014
October 12 and October 18 2014 10/22/2014 10/24/2014
October 19 and October 25 2014 10/29/2014 10/31/2014
October 26 and November 01 2014 11/5/2014 11/7/2014
November 02 and November 08 2014 11/12/2014 11/14/2014
November 09 and November 15 2014 11/19/2014 11/21/2014
November 16 and November 22 2014 11/26/2014 11/28/2014
November 23 and November 29 2014 12/3/2014 12/5/2014
November 30 and December 06 2014 12/10/2014 12/12/2014
December 07 and December 13 2014 12/17/2014 12/19/2014
December 14 and December 20 2014 12/24/2014 12/26/2014
December 21 and December 27 2014 12/31/2014 1/2/2015

*These are only estimates, the I.R.S. has refused to give exact dates to new audit process. There are no guarantees with the I.R.S this year, but one thing is for sure. The earlier you file, the earlier you will receive a return. Contact us today for more details and to schedule your early tax appointment.

2012 IRS income Tax Refund Schedule.

IRS Income Tax 2014 news.

irs refund schedule 2014
2014 tax refund cycle chart
tax chart for 2014
refund calendar

tax return payout schedule

2014 IRS Tax Refund Schedule Dates

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