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Here are the different ways people can pay their federal taxes

The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes. Some taxpayers must make quarterly estimated tax payments throughout the year. This includes sole proprietors, partners, and […]

Reasons why some tax refunds filed electronically take longer than 21 days

Different factors can affect the timing of a refund after the IRS receives a return. A manual review may be necessary when a return has errors, is incomplete or is affected by identity theft or fraud. Other returns can also take longer to process, including when a return needs a correction to Child Tax Credit […]

Trouble Anticipated on Tax Returns Due to Advanced Child Tax Credit

To combat anticipated complications and questions on how to report the ACTC on tax returns, the IRS announced on December 21, 2021, that a letter would be sent to ACTC recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January.  It is the IRS’s […]

The N.C. Department of Revenue announced that it will begin processing 2021 tax year returns in mid-February

The N.C. Department of Revenue announced that it will begin processing 2021 tax year returns in mid-February, which is several weeks after the start of the nation’s tax season on Monday, January 24, 2022. This delay is due to the late approval of the state budget, which included multiple tax law changes. The later start […]

All taxpayers have the right to challenge the IRS’s position and be heard

Taxpayers have the right to challenge the IRS’s position and be heard. This is part of the Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers have the right to: Raise objections. Provide additional documentation in response to formal or proposed IRS actions. Expect the […]

Taxpayer can protect themselves from scammers by knowing how the IRS communicates

Here are: some facts about how the IRS communicates with taxpayers: The IRS doesn’t normally initiate contact with taxpayers by email. The agency does not send text messages or contact people through social media. When the IRS needs to contact a taxpayer, the first contact is normally by letter delivered by the U.S. Postal Service. […]

Things people do during the summer that might affect their tax return next year

 Whether it’s a life change or a typical summer event, it could affect incomes taxes. Here are a few summertime activities and tips on how taxpayers should consider them during filing season. Getting married- Newlyweds should report any name change to the Social Security Administration. They should also report an address change to the United States Postal Service, their […]

Many Families with Children to Get Monthly Payment of Refundable Child Tax Credit

A provision of the American Rescue Plan is being readied for action, targeting nearly 90 percent of American households with children to receive monthly payments of the Child Tax Credit. The Internal Revenue Service and the Department of the Treasury expect to send out the first monthly payments of the expanded Child Tax Credit (CTC) […]

Do’s and don’ts for taxpayers who get a letter or notice from the IRS

The IRS mails letters or notices to taxpayers for a variety of reasons including if: They have a balance due. They are due a larger or smaller refund. The agency has a question about their tax return. They need to verify identity. The agency needs additional information. The agency changed their tax return. Here are […]

Those experiencing homelessness can get Economic Impact Payments

Those experiencing homelessness can get Economic Impact Payments and other tax benefits; permanent address not required The Internal Revenue Service today continued an ongoing effort to help those experiencing homelessness during the pandemic by reminding people who don’t have a permanent address or a bank account that they may still qualify for Economic Impact Payments […]