IRS Has Refunds Totaling $950 Million for People Who Have Not Filed a 2012 Federal Income Tax Return Federal income tax refunds totaling $950 million may be waiting for an estimated one million taxpayers who did not file a federal
Tax/Business News & Updates
IRS IP PIN Tool Suspended
Security The IRS has suspended the online tool used to retrieve Identity Protection (IP) PINs, a six-digit number needed by victims of tax refund fraud to file their taxes electronically, after reports that the system suffered the same security weakness that
March 15 Filing Deadline for Corporate and S Corp Returns
March 15 Filing Deadline The deadline for filing federal calendar year corporation returns is rapidly approaching. These returns must be filed (e-filed or postmarked) by midnight (local time) on March 15, 2016. The deadline is the same for extensions. Payment
Received Form 1095-C, Now What?
Here’s What You Need to Do with Your Form 1095-C This year, you may receive one or more forms that provide information about your 2015 health coverage. These forms are 1095-A, 1095–B and 1095-C. This tip is part of a
Received Form 1095-B, Now What?
Here’s What You Need to Do with Your Form 1095–B This year, you may receive one or more forms that provide information about your 2015 health coverage you had in 2015. These forms are 1095-A, 1095–B and 1095-C. This tip
Received Form 1095-A, Now What?
Here’s What You Need to Do with Your Form 1095-A This year, you may receive one or more forms that provide information about your 2015 health coverage. These forms are 1095-A, 1095-B and 1095-C. This tip is part of a
Apply for an IRS Online Payment Agreement
Online Payment Info The IRS simplified its Online Payment Agreement application last year. Since then over 400,000 payment plans with a cumulative balance due of $1.93 billion have been established using the system. This simple method lets you pay from your home
You Can File Taxes Without 1095-B or 1095-C
You do not have to wait for either Form 1095-B or 1095-C from your coverage provider or employer to file your tax return. Other forms of documentation in lieu of the Form 1095 information returns can be used as proof
Delayed IRS Tax Processing
The Internal Revenue Service tax-processing systems have suffered a hardware failure and tax processing could be affected into Thursday. “The IRS experienced a hardware failure this afternoon affecting a number of tax processing systems, which are currently unavailable,” said the
IRS Error – Wrong Tax Year on IP PIN Letters
Taxpayers are receiving letters with the wrong tax year listed for their Identity Protection Personal Identification Numbers(IP PIN) , which are generally issued to victims of tax-related identity theft.