It's always disappointing when your tax return is rejected, but it doesn't have to be scary. This video address some of the common mistakes that cause rejections and what you can do about it.
"This work does not require us to correspond with taxpayers but does require special handling by an IRS employee, so in these instances, it is taking the IRS more than 21 days to issue any related refund," the IRS said in a March 18 post. The IRS' ability to help taxpayers is still ...
Photo by cottonbro studio Last week, the Internal Revenue Service Criminal Investigation unit released its fiscal year 2024 annual report that touted the success the agency’s law enforcement branch had in taking down tax criminals. Yes, Al Capone’s name was mentioned. This week it’s the ove...
GAO: IRS Must Document Key Components in AI ‘Tax Gap’ Pilot The Government Accountability Office (GAO) is asking the IRS to take steps to document its use of AI technology in a new pilot the agency is taking to explore the “tax gap” – which represents the difference in the amount ...
Form 1040 may be the first form you think about when it's time to file a tax return, but depending on your specific tax situation, it's likely that you may have to attach one or more additional forms and schedules to your return. One of these forms may be Form 1040 Schedule 3, whi...
They would not elaborate on why they were taking so long nor would they give me any information as to when I might possibly receive my direct deposit. How long will this continue? My wife and I are both American tax payers and our taxes have never been audited . Why are they holding ...
The other big consideration is the filers or taxpayers situation and income. For simple and straightforward returns (think W2 employees taking the standard deduction) go for the best value or lowest cost option. If your income is below prescribed limits, you can evenfile for...
THE IRS HAS $1B IN UNCLAIMED FEDERAL TAX REFUNDS, TIME IS RUNNING OUT TO COLLECT IT A 1040 tax return form from the IRS, which warned on Tuesday that thousands of taxpayers could face criminal prosecution for filing false returns.(iStock / iStock) ...
If you did not prepare and e-file your tax return through eFile.com, you can still search the rejection codes below as they are the same codes issued by the IRS and states. However, the instruction on how to correct your return might not match the site where you prepared or e-filed ...
If the return is not flagged, the IRS said, it is a red flag that the taxpayer was misled. While taxpayers are not required to visit a Taxpayer Assistance Center to verify their identity, they may need to amend their tax return to remove the credit. CLICK HERE TO READ...