IRS mails out 1 million pieces of mail

  Did you know the IRS mails out 1 million pieces of mail per week? During the shut down due to COVID-19, this trickeld down to no automaic notices for the last two months or so. According to the National Taxpayer Advocate, the IRS never stopped PRINTING, but they stopped MAILING. The Internal Revenue Service is about to begin mailing TWENTY MILLION back notices. Many of the notices will have expired – for exmaple ‘we

Coronavirus (COVID-19) Legislation—Individuals

Coronavirus (COVID-19) Legislation for Individuals. Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Economic Security (CARES) Act has provided some financial and tax relief for certain taxpayers. The following is a summary of some of the provisions. Filing and Payment Deadline The due date for any person required to file a federal income tax return is now July 15, 2020. This is automatic and therefore no extension

Trying to Save a 2016 Tax Refund? Read This!

Trying to Save a 2016 Tax Refund? Read This! For 2016 tax returns, the normal April 15 deadline to claim a refund has also been extended to July 15, 2020. The law provides a three-year window of opportunity to claim a refund. If taxpayers do not file a return within three years, the money becomes property of the U.S. Treasury. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked

2020 Tax Deadlines Move from April to July

Tax deadline announcements move tax filing and payments from April 15th to July 15th, per U.S. Treasury Secretary Steven Mnuchin. These announcements were made on Tuesday, March 17, 2020, and Friday, March 20, 2020, with payment and penalty delays confirmed by an IRS notice. Here is what you need to know While the filing deadline for individual income tax returns, Form 1040, is April 15, 2020, per IRS notice 2020-17, published this Wednesday, the Treasury

What is the best tax filing status?

What is the best tax filing status? Answer: The best filing status for you depends upon which status you can qualify for and your particular circumstances. Tax savings are only one consideration when selecting your filing status. For example, you might not want to file a joint return with your spouse for personal reasons. Here are the five filing statuses and the qualifications you must meet to use them. Single – You can use this status

Check the status of your Amended Tax Return

If you filed an amended tax return, here is what you need to know to check the status of your amended tax return. First of all the Where’s My Amended Return? gives you the status of your amended tax return. therefore, you can start checking on its status three weeks after you’ve mailed it. As a result, it can take up to three weeks before your amended return shows up in our system. You can

How to get your tax return for the FAFSA form

It’s that time of year and your filling out the FAFSA form then you realize you need your tax return. Well you are in luck! Here are some options to get your tax return for the FAFSA form. The IRS Data Retrieval Tool is available to those who are eligible. You can access it from within the Free Application for Federal Student Aid form. Applicants filing a 2019-20 FAFSA must use data from their 2017 tax returns. If