January 23, 2023 Is The Opening Date For Tax Season

The IRS announced that January 23, 2023, will be the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected to be filed, with the vast...

Electronic Tax Refunds Taking Longer

Even though the Internal Revenue Service issues most refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit, some refunds may take longer. Many different factors can affect the timing of a refund after the IRS receives a return. A...

IRS Launches Resource Page

Help For Taxpayers & Tax Professionals The Internal Revenue Service announced a special new page on IRS.gov to provide the latest details and information affecting the 2022 filing season and ongoing efforts by the agency to address the inventory of previously...

Get Ready For 2022 Taxes

2022 Taxes The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments. Check on advance...

Lower Tax Penalty

Tax Penalty You may find yourself overloaded with tax penalties in any given year. There are a few ways you can lower the burden caused by late or incomplete taxes. Here are some guidelines, tips, and recommendations from tax experts on lowering your costs. Penalties...

IRS Free File

This year’s federal tax filing deadline for individuals has been postponed to May 17 from April 15. Free File offers free access to brand-name tax software to anyone who makes $72,000 or less. Already this year, more than 2.96 million individuals and couples...