By Benjamin K. Brenner, President President Obama–through Treasury Secretary Jacob Lew–forced acting IRS commissioner Steven Miller to tender his resignation today following the recent disclosure that the IRS actively and unfairly targeted conservative and Tea Party groups applying for tax exempt status; a gross violation of a government body that is supposed to be above… Continue reading

Acting IRS Commissioner Steven Miller stated recently, that taxpayers will soon start feeling the effects of the Sequester now that the tax season has ended.  Deep cuts to IRS Staffing will impact taxpayers calling the IRS, as well as the agency’s ability to combat fraud and collect tax revenues. Treasury secretary Jacob Lew also chimed… Continue reading

Acting IRS commissioner Steven Miller recently sat before a congressional panel and hinted that the best way to combat the explosion of tax fraud may be to either delay the tax filing season, or wait to release all refunds until after the filing season concludes on April 15th. The reasoning goes something like this:  The… Continue reading

As many taxpayers now know, this tax season has been anything but a walk in the park. The irresponsible last minute negotiations of our elected officials saved us from going over the fiscal cliff, but it also delayed the filing season by two weeks–the latest start to the tax season in history.  Even with the… Continue reading

H&R Block (HRB)–the largest public retail tax preparation company in the United States–has confirmed that they have filed many tax returns containing certain delayed credits too early, causing their clients refunds to be delayed.  The primary issue is the Education Tax Credit which was not accepted for electronic filing until recently (February 22nd).  This has… Continue reading

Please read the following brief from the IRS.  Form 8863 (education credits) will not be accepted by the IRS until Mid-February.  An exact date has not yet been offered.  Any return that is Electronically filed with Form 8863 before the acceptance date will be rejected.  Any return that is mailed to the IRS will not… Continue reading

The IRS Released the following video.  Please watch for some valuable Tax Refund procedure information.  Highlights include: 9 out of 10 Refunds received within 21 days Use IRS Mobile App “Wheres My Refund” Refund information available as soon as 24 hours after submitted to IRS Source: IRS.gov

By Robert W. Wood The IRS plans to begin processing 2012 tax returns January 30, 2013, it has announced. With the massive fiscal cliff tax bill enacted January 2 that is mostly retroactive, the IRS has its work cut out for it. There are forms and instructions to revise, not to mention computers to retool. While the… Continue reading

By: Robert McCabe Congress might have averted the “fiscal cliff,” but its last-minute action has created some big headaches and questions for tax filers. “There’s a couple of impacts that I’ve never seen – this is my 44th tax season,” said John Hewitt, founder of Virginia Beach-based Liberty Tax Service and Jackson Hewitt, two of… Continue reading

If a return is filed with the wrong address or a taxpayer moves after filing for their refund, the check is returned to the IRS and held there until someone claims it.  This year 9,662 New Yorkers checks have been sent back to the IRS as undeliverable.  Of these checks there are over 1,000 owed… Continue reading