When you fall behind on your income tax payments, the IRS may let you set up a payment plan, called an installment agreement, to get you back on track. It is up to you, however, to take that first step and make a request for the installment agreement, wh
The Blended Retirement System (BRS), which provides access to matching contributions in the Thrift Savings Plan, mid-career retention bonuses, and a monthly annuity based on 2% of your pay per year served. If you joined on or before September 8, 1980, you may also use the 2.5% multiplier...
You also get audit support – but not legal advice or representation – if the IRS reviews your taxes. That means you can get answers to your questions from a tax professional during the audit process. Under its “satisfaction guarantee,” TurboTax Online is free up to the point where you ...
And even if you are “audited,” the IRS will probably just be asking for tax forms to verify the items on your return. In other words, if your tax return is simple, you probably don’t need this audit protection. Because the test tax return I was preparing at the time was a very...
She was semi-belligerent from the start, very combative, and only seemed interested in (and continuously repeated) telling me my problem was with the IRS, and that TurboTax was not at fault. I would say Corey hates her job, but that is just a guess. Listen, the money quickly became a...
Almost always within 3 weeks of your return being processed and often within a week is what the IRS states. Once you’ve filed your return, you can track its progress with the Where’s My Refund So if you are asking “why is my refund taking so long ?” and “when can I expect my...
IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical...
If you don’t qualify to file for free with TurboTax, it’s worth checking to see if you’re eligible to file for free through IRS Free File or another option, such as H&R Block Free Edition or FreeTaxUSA for federal filing only. Disclaimer: Not all taxpayers qualify to file for fre...
Audit Support Guarantee:If you receive an audit letter from the IRS or your state department of revenue, TurboTax will offer one-on-one informational assistance from a tax professional. Disadvantages of TurboTax Like all tax-processing software, TurboTax does have its drawbacks. Here's what you ...
100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we’ll pay you the penalty and interest. Excludes payment plans. This guarantee is good for the lifetime of your personal, individual tax return,...