Tag: tax filing

Some Americans Disgruntled By Dwindling Tax Refunds

Tax refunds started off smaller this year.

Tax refunds were on average 8 percent smaller this year than last in the first week of the filing season.

The IRS noted the changes as it began to process this year’s tax returns. According to Politico, refunds dipped to $1,865 from $2,035. The site points out that observers are eyeing this year’s refunds closely to gauge the impact of changes to…

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Will Government Shutdown Slow Tax Refunds?

tax refunds
Tax refunds could be delayed by the federal government shutdown.

The federal government’s partial shutdown could delay tax refunds.

According to CNBC, the IRS hasn’t said how long the shutdown would have to be before it affects the agency’s ability to process tax refunds. But, according to the network, the shutdown’s effect could be magnified by changes to the tax code passed in 2017:

In 2018, it nearly doubled…

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IRS Computer Glitch Causes Tax Day SNAFU

Cuts at the IRS could delay tax returns. By Joshua Doubek (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
Sometimes the show just can’t go on, thanks to outdated computers. That’s what the IRS faced on the biggest tax filing day of the year Tuesday, in a nightmare for the agency, taxpayers and accountants alike.

A “glitch” in the agency’s computer hardware, some of which…

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IRS’s New W-2 Regulations Face Problems

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“The Internal Revenue Service’s new process for verifying information from W-2 forms did not go completely smoothly this past tax season, although it did hold promise for combating identity theft and tax fraud…” [ Read more here ]

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Winter Storm Prompts Additional Time For Some Filings

Some tax payers are getting a little bit of extra time following the devastating winter storm that just ran across the country. “With many areas still digging out, the Internal Revenue Service (IRS) has announced that it is granting many affected businesses extra time to request a six-month extension to file their 2016 federal income tax returns…” [ Read more here ]

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