With large refund averages and an increase in the release of refunds the IRS has begun reminding taxpayers of their refund options.  They offer several options for depositing your refund, including a Saving Bond Option. By March 4, the IRS had issued more than 52 million refunds worth $161 billion for an average refund of… Continue reading

President Obama’s proposed budget for 2012 includes an increase in funding for the Internal Revenue Service enforcement efforts.  Though Republicans talk of decreasing the IRS budget, the President believes that increasing the enforcement efforts will bring in additional revenue and assist in closing the deficit. Turns out, IRS agents make good on the investment, collecting… Continue reading

Today is the day that the Internal Revenue Service will begin accepting all tax returns that have been delayed filing this year. Returns with delayed filing include: Itemized Deductions or Schedule A Tuition and Fees Deduction Form 8917 Educators Expense Deduction on Form 1040 line 23 First Time Homebuyer’s Credit Repayment Form 5405 pg 2… Continue reading

The IRS is sending out letters to hundreds of thousands of taxpayers about their new Debit Card program.  The program is for low income taxpayers who do not have bank accounts. The Internal Revenue Service encourages taxpayers to have their tax refunds deposited directly into bank accounts. For those without bank accounts, the debit cards… Continue reading

Due to newly enacted legislation companies that pay any individual or corporation for goods or services more than $600 will be required to issue a 1099 to report the transaction to the Internal Revenue Service beginning in 2012.  This creates a financial burden on small businesses that may not have the means to track and… Continue reading

The IRS has gone mobile…  You can now download an application to find out your tax return or refund status, get tax tips via email directly on your phone, and follow the IRS on twitter. Download the IRS2Go App If you have an Apple iPhone or iTouch, you can download the free IRS2Go app by… Continue reading

Due to late changes in the law the IRS has delayed the processing of certain returns.  Though the return cannot be processed until the newly announced date of Monday February 14th, there is no reason to delay the preparation of your returns. The IRS reminded taxpayers affected by the delay they can begin preparing their… Continue reading

So what exactly is this Free Tax Return promotion all about? Well, that depends on which one you’re referring to… H&R Block has a heavily advertised campaign that is offering a Free Tax Return and some are wondering how it is possible for them to offer such a thing. The trick is that the return… Continue reading

Due to District of Columbia holidays which are considered Federal holidays the filing deadline has been extended to Monday, April 18th 2011 and extensions will also be extended to Monday, October 17th 2011. Taxpayers will have until Monday, April 18 to file their 2010 tax returns and pay any tax due because Emancipation Day, a holiday observed in the… Continue reading

R&G Brenner Branch Offices are open tax season business hours as of today.  To schedule an appointment please contact the branch you are interested in or use our online appointment scheduler. With all of the tax saving legislation passed this year, now is the time to have a Tax Professional prepare your taxes.  We also… Continue reading