Filing Feed

Tax filing must keep evolving. That's the word from Internal Revenue Service Commissioner John Koskinen, who today made his fourth and final appearance as head of the U.S. tax agency before the National Press Club. IRS Commissioner John Koskinen holds a paper Form 1040 during his speech to the National Press Club in Washington, D.C. Each event attendee got a souvenir form, complete with a personal "thanks for filing" note penned by the commish. That means, Koskinen told the assembled group of media in Washington, D.C., more digital solutions to taxes. And if tax reform can help achieve that, then... Read more →


Wait. It's April, right? And isn't it March that has the proverbial lion-like entrance? Well, April apparently is trying to steal some monthly arrival literal thunder. Over the first weekend of this new month, violent storms raked much of Texas and are still marching east. Little April showers on spider web GIF by SomethingTraLaLa via Giphy Yes, I know spring heralds thunderstorm season, which is often dangerous and deadly like this weekend. But I also know I speak for a lot of us who were hoping simply for some more soothing April showers. So instead of just worrying about filing... Read more →


Ah, youth. The excitement. The energy. The illusion of immortality. The first-ever filing of a tax return. Boom. Taxes often are the first indication of young adulthood. And apparently it's a grown-up responsibility that many millennials are turning over to other grownups, specifically their parents. Real mom-and-pop tax help: More than a third (37 percent) of millennials relies on their parents at least in part for tax help, according to a new study released by TaxAct. The survey, conducted by ORC International earlier this year on behalf of the tax software company, also found that young men are more likely... Read more →


The April filing deadline (it's on the 18th this year) is less than a month away. So far, the tax season is running slow. The Internal Revenue Service says that fewer than half of the expected 153 million returns have arrived at its processing offices. That indicates that there will be a mad rush to the tax filing finale. And that means that a lot of people will fall into the proverbial haste makes waste pit, being in such a hurry that they'll overlook some tax breaks. If you're careful not to miss any tax breaks for which you qualify,... Read more →


Bluebonnets, the state flower of Texas, are among the wildflowers that emerged early this year thanks to warmer than normal temperatures. (Photo of a Hill Country patch on March 18, 2017, by Kay Bell) Hello, Spring! You used to be my favorite season, but for the last few years — OK, the last dozen that we've been back in Texas — you've arrived in late February or early March and only lasted about three days. By the time you're official, which was when you clocked in at 6:29 a.m. Eastern Daylight Time (5:29 a.m. CDT; I was asleep) today, it... Read more →


A Pennsylvania man said he didn't file 10 years' worth of federal tax returns because the forms required use of a Social Security number, which he considered analogous to the Biblical "mark of the beast." James Kerr Schlosser's 666 tax protest, however, didn't convince the Internal Revenue Service or the legal system. The 59-year-old Bird-in-Hand, Pennsylvania, resident was convicted on March 7 of failing to report $2.3 million he earned as a medical equipment salesman. Foreign accounts, coins used in scheme: To evade the tax due on the millions, federal court papers show that Schlosser used foreign business trusts and... Read more →


Are we having tax fun yet? We did for while last night when it looked like we finally might get a look at Donald J. Trump's taxes. OK. We did get to see part of the new president's 2005 tax return, courtesy tax journalist David Cay Johnston and MSNBC host Rachel Maddow. MSNBC hosts Rachel Maddow and Chris Hayes talk Trump taxes on March 14 with Pulitzer Prize winning tax journalist David Cay Johnston. (Click screenshot to view a segment of the Maddow show.) Trump tells tax all? The tax return provides some basic info, but raises a lot more... Read more →


Yes, there's the Republican plan to replace Obamacare. And, yes, a serious winter storm is pounding the Northeast. But today, March 14, attention turns to the men's college basketball championship. The quest for that title is known as March Madness and it kicks off with two games later today in Dayton, Ohio. Place your bets: I'm not a basketball fan, college or pro, but long-time readers know what this month means to me — gambling and taxes. While the Super Bowl is the year's single biggest betting day — we're waiting for the final tally, but last February's 51st NFL... Read more →


The United States and Canada share more than the world's longest undefended border. They also share attacks by cyber criminals on their online tax systems. A sign at the point where the railroad crosses the U.S.-Canada border at Peace Arch Park. This is the westernmost point on the continuous main section of the border. (Photo by Vmenkov via Wikimedia) Canada Revenue Agency’s website was down from the afternoon of Friday, March 10, until 5 p.m. Sunday, March 12, after tax officials discovered the site had a security vulnerability. South of the 49th parallel on Thursday, March 9, the Internal Revenue... Read more →


Have you filed your tax return yet? Neither have I. Neither have millions of Americans. The weekly filing data the Internal Revenue Service delivers during high tax filing season shows that almost all the numbers are behind where filing was at this point last year. Started slow, stayed that way: When filing season kicked off back in late January, IRS Commissioner John Koskinen said his agency was expecting 153 million individual tax returns to be filed in 2017. Most of those show up from January through the April deadline, which is on the 18th this year. There's usually a big... Read more →


Are you planning to catch up this weekend on some of this year's Academy Award winning movies you've yet to see? Me, too. But I'm also putting on my viewing list a newish flick, "Love & Taxes." Reel tax life: I'm not making this up. It's a real movie that, according to its website, is "a riveting comic tale of seven years of tax avoidance." OK. You probably want a less vested review. Here's what Ken Jaworowski had to say in Friday's New York Times: Likability goes a long way in "Love & Taxes," a comedy that relies on the... Read more →


Could you use $763? The IRS could have that much or more just waiting for you. It's yours as long as you don't miss the 2013 tax return tax deadline. Photo by 401(k) 2012 courtesy Flickr Creative Commons Nope, that's not a typo. More than 1 million taxpayers didn't file their federal returns three years ago and that oversight has left the Internal Revenue Service holding more than $1 billion in unclaimed refunds. If some of that money is yours, the IRS wants to send it to you. But you have to ask by filing a 2013 Form 1040 (or... Read more →


Whenever I want to escape the crazy that is real life, I turn to the movies. Sometimes it's my favorite tax-themed films. Amanda Abbington and Martin Freeman, pictured here on the set of "Sherlock" with Benedict Cumberbatch, who plays the show's title character behind them, have separated. (Photo courtesy PBS Masterpiece) Other times when I can't get away for a couple of hours, I surf entertainment news. Go ahead, judge me. Then admit you've done the same! In perusing the web recently, I stumbled across a list of celebrity couples who have split. In addition to the usual Brangelina and... Read more →


The Internal Revenue Service would really, really like if all of us would use tax software to prepare and e-file our taxes. It even gives around 70 percent of filers the chance to do so for free at the aptly named Free File section of the IRS website. But a lot of taxpayers who qualify for Free File decide instead to pay a tax pro to file their returns, according to a new survey by NerdWallet. Tax pros preferred: More than 1 in 3 taxpayers, or 38 percent, who make less than $50,000 annually hired a tax professional, according to... Read more →


Working on your taxes this Presidents Day? You are most definitely not alone. The day following what officially is still just a celebration of Washington's Birthday is typically the busiest day of the year for Internal Revenue Service phone reps. They usually field thousands of calls per hour on the third Tuesday of every February. You can find lots of tax help and filing options on your computer and smartphone. To help ease some of tomorrow's expected call crunch, the IRS phone help line is open today, Monday, Feb. 20, even though it's a federal holiday. IRS representatives will be... Read more →


Donald Trump is batting .500 for cabinet members who screwed up nanny tax reporting. This morning, the Senate narrowly confirmed Rep. Mick Mulvaney (R-South Carolina) to head the White House Office of Management and Budget. The vote was 51-49. At least Vice President Mike Pence didn't have to up to Capitol Hill to break a tie this time. Click image to watch the C-SPAN video of Mick Mulvaney's confirmation hearing before the Senate Homeland Security and Governmental Affairs Committee. His testimony apparently convinced just enough Senators to approve him on Feb. 16 for the White House budget post. Did Mulvaney's... Read more →


Today is a big day for you if you're expecting a federal tax refund. Feb. 15 is when the Internal Revenue Service can finally start issuing refunds to folks who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). Photo by eFile989 via Flickr But don't head to your bank just yet. Cleared, but not completed: The refund hold, mandated by the Protecting Americans from Tax Hikes, or PATH, Act as, in part, a way to help stop tax identity theft and refund fraud, does officially end today. But from the get-go of this filing... Read more →


Taxes are confusing anyway, but when a filing season has some special considerations, the misinformation increases. And with the availability of social media, the tax myths multiply. That's happening this year since refunds from some very specific tax returns are, by law, being held until the middle of February. Here are five tax refund myths the Internal Revenue Service says are making the rounds, along with the truth about the situation. Myth 1: All Refunds Are Delayed Yes, some refunds are delayed, but not every single one. The Protecting Americans from Tax Hikes, or PATH, Act has a provision that... Read more →


In addition to a calculator to do your taxes, you also need a calendar. Given the myriad types of taxpayers out there, the Internal Revenue Service has a variety of due dates for their filings, be they tax returns or documents reporting tax data to Uncle Sam. Sometimes it's simply calendar quirks that produce filing deadline issues. That's the case again this fling season, especially for individual taxpayers. New laws, new tax deadlines: Other deadlines, however, are set by law. And now, some of those deadlines, particularly for business taxpayers, have changed this year. The Surface Transportation and Veterans Health... Read more →


One thing that's constant every tax filing season is that people who are expecting refunds file their returns early. Until this year. The number of tax returns filed, processed and refunds issued are all down dramatically this filing season. The impact of a required hold on some refunds also is affecting the average check amount, which at this point last year was $3,385 but is just $1,994 so far into 2017. Internal Revenue Service data so far this filing season, which officially started Jan. 23, shows a dramatic decrease in the number of tax returns the agency has received and... Read more →