The IRS generally has three years from the date you filed to audit your tax return—six years if your return includes a “substantial understatement” of income. But if you don’t file a tax return, the clock on that statute of limitations never starts running. In effect, the IRS could ...
Keep them on speed dial (figuratively speaking) during tax season. Knowing your bank's typical processing times will help you set realistic expectations for the moment you can finally say, "My refund's here!" How can I check the status of my refund? Once you have e-filed ...
The plan wants to end thebackdoor Roth IRA, which allows high-income individuals who don't qualify for a Roth IRA to put money into atraditional IRA first and then convert it into a Roth IRA. Currently, there is no limit on how much someone can rollover — avoiding taxation as long as...
Additionally, tax day isn't the only important date for 2025; there are several other key deadlines you should be aware of for effective financial planning. Over 67 million self-prepared 2022 returns were e-filed during the 2025 tax season, and eFile.com is leading the way. Discover why ...
This guarantee is good for the lifetime of your individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax, or until December 15, 2025 for your 2024 business tax return. Additional terms and limitations apply. See Terms of Service for details....
Your business may be eligible for several tax deductions and credits. However, many of these longstanding tax breaks changed in the 2023 tax season, with these adjustments carrying into the 2024 tax year. Pay attention to the latest IRS guidance in each case, as it may change again before yo...
Tax-filing season started Jan. 23 and your return is considered filed on time if your envelope is properly addressed, postmarked, and deposited in the mail by the due date, according to the IRS. If an individual can’t file their tax return by the April 18 due date, they should request...
Hello! As we’re currently in tax season, our Tax team is handling a high number of requests to update information on 1099-K forms for store owners. Due to this, there will be a delay in updating your information if you have submitted a request. Typicall
Since tax returns can only be filed electronically for the current year as per IRS and state regulation, eFile.com is updated each season to allow individuals to prepare and e-file their present year returns. Keep track of the above dates andsign up for a free eFile.com accountto get your...
Tax return processing and refund payments for the 2024-2025 tax season are expected to be much smoother thanks to IRS investments in technology and no new stimulus payments or tax credits to administer. However further security controls and PATH act restrictions (see below) could delay potential ...