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Masters Tax
May 16, 20222 min read
The IRS Letter That Could Give You a Big Headache
Between stimulus check letters and late refund letters, the IRS sends out a wide variety of notices that can be sometimes difficult to...
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Masters Tax
May 12, 20221 min read
IRS registers an increase in tax returns
Of the 160 million returns the IRS expected to receive this tax season, about 139 million were received. An increase of 19% compared to...
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Masters Tax
May 11, 20221 min read
3 Things That Won't Speed ​​Up Your IRS Refund Check
It's no secret that the IRS is seriously behind in processing tax returns. Although I received my refund within weeks of e-filing,...
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Masters Tax
May 10, 20223 min read
IRS destroyed 30 million tax documents due to delays; how does it affect you
An audit by the Treasury Inspector General for Tax Administration (TIGTA), released on May 4, revealed that the Internal Revenue Service...
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Masters Tax
May 9, 20222 min read
Does the IRS still owe you money? You would receive more than expected, based on the current interes
Millions of Americans are still waiting for their tax refunds and payment of their tax credits while the IRS tries to process mountains...
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Masters Tax
May 6, 20222 min read
How Inflation Can Affect Your IRS Tax Bill
Every year, my team and I hear from thousands of taxpayers who are unpleasantly surprised at how quickly the IRS tax balance has grown...
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Masters Tax
Apr 27, 20222 min read
Pay IRS taxes: how to do it before the deadline and help
The 2022 tax season is over. From January 24 to April 18, the Internal Revenue Service (IRS) received tax returns for fiscal year 2021...
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Masters Tax
Apr 26, 20222 min read
IRS Tax Credit Refund: How Long It May Take and Why.
Last year, the Internal Revenue Service (IRS) began sending out a portion of the Child Tax Credit. Thanks to the American Rescue Plan,...
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Masters Tax
Apr 22, 20222 min read
Can I claim the Child Tax Credit if I have not filed the Tax Return?
From January 24 to April 18, the Internal Revenue Service (IRS) received and processed millions of federal tax returns across the...
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Masters Tax
Apr 21, 20223 min read
Still waiting for a refund? It would take six to nine months for certain taxpayers to see a check
If you've already decided how to spend your tax refund, you'd better have a contingency plan, especially if you were hoping to use that...
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Masters Tax
Apr 20, 20222 min read
Didn't file your return with the IRS? You can still claim credits and receive refunds.
If you weren't required to file a tax return because your income was limited last year, you're still in time to claim your $1,400 third...
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Masters Tax
Apr 19, 20223 min read
How the IRS can tax 'gifts' and impose big penalties
Are donations income that the IRS can tax? Fortunately, no, but the line between income and gift is sometimes blurred. Let's say you do a...
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Masters Tax
Apr 15, 20222 min read
Tax Refund: How Much Is The Average Amount The IRS Will Pay?
Tax return season is still underway in the United States. Although experts have been warning taxpayers for some time to prepare for...
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Masters Tax
Apr 14, 20222 min read
IRS: How to request an extension to file the tax return
According to the Internal Revenue Service (IRS) calendar, next April 18 is the deadline to file the tax return for fiscal year 2021....
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Masters Tax
Apr 13, 20222 min read
What you need to know about the child tax credit and how to claim a payment
$1,400 stimulus bill before tax day. This year, the government is giving Americans a few extra days to do their taxes. Since the...
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Masters Tax
Apr 11, 20222 min read
IRS is plagued by taxpayer service problems, says GAO
The Internal Revenue Service was plagued by taxpayer service issues last year, including refund delays, scant online refund information...
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Masters Tax
Apr 9, 20222 min read
IRS: April 18, due date to pay taxes; will there be an extension?
The IRS reminds people who make estimated tax payments, as well as the self-employed, retirees, investors, businesses, corporations, and...
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Masters Tax
Apr 6, 20223 min read
Hasn't your refund arrived? IRS warns that thousands of taxpayers will not receive it on time
If you already have plans to spend your tax refund, you'd better take a breather and prepare to wait longer than expected, as the IRS has...
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Masters Tax
Apr 4, 20222 min read
Why You May Be Due an IRS Refund
Here is a really interesting article from the IRS. You may be due a tax refund even if you didn't file a 2018 return. Some $1.5 billion...
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Masters Tax
Apr 2, 20221 min read
Incentive Payment: What is IRS Letter 6475 and what is it for?
At the beginning of the year, the Internal Revenue Service (IRS) began sending Letter 6475, its Third Economic Impact Payment, to...
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