Is free tax filing really “free”?
During tax season, many taxpayers wonder if free file through tax preparation sites is a myth. It turns out, it’s true but it solely depends on your tax situation.
How taxpayers fall for advertising.
On the bright side, the best part about filing online is being able to file your taxes right from home. For one thing, you can avoid the hassle of waiting to see a tax accountant. On top of that, you even see options to file for free!
Unfortunately, not all tax sites who advertise for free tax filing can help taxpayers for free. Most tax sites will only allow you to file your taxes for free if you have a “simple” return; meaning taking the standard deduction.
As a reminder, if you’re itemizing the deductions below, you cannot file for free. Continue reading “Filing Your Taxes for Free & How it Works”
Fraud can happen to anyone.
If your social security number was used fraudulently in the past, the IRS assigns a six-digit PIN to you; the Identity Protection PIN (IP PIN).
In order to receive an IP PIN, you will need to meet the following:
- You received a CP01A notice which will have it located at the bottom of the first column
- The IRS sent you a letter inviting you to opt-in for the IP PIN
- You were a resident of Florida, Georgia or the District of Columbia, Michigan, California, Maryland, Nevada, Delaware, Illinois or Rhode Island last year
Note: Taxpayers who experience identity theft after they receive the CP01A notice will need to file the Identity Theft Affidavit.
The steps on getting an IP PIN
Continue reading “What is an Identity Protection PIN (IP PIN)?”
Last night, the IRS confirmed that January 28, 2019 will be the start of the tax season.
Although live assistance from the IRS number isn’t available, their staff is determined to keep the tax season going. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this period,” IRS Commissioner Chuck Rettig said.
Now that you have an idea of when you should have your 2018 tax return prepared by, here’s what you need to know.
Will my refund still be delayed?
Continue reading “The IRS has announced the start of the tax season!”