Filing Feed

Image via GIPHY If you were part of the millions of taxpayers who didn't get their refunds — and I am seeing on social media that even into 2021, some people are still waiting … — the National Taxpayer Advocate (NTA) feels your pain. NTA Erin M. Collins included that complaint in her list of the 10 most serious problems facing taxpayers. The list is part of the Internal Revenue Service watchdog office's Annual Report to Congress, which was released on Wednesday, Jan. 13. Tax fraud fighting delays: There's a common thread among the 1040s where refunds are delayed. These... Read more →


The Internal Revenue Service is already accepting e-filed business returns and says Free File for eligible individuals to do their taxes and electronically file at no cost will open in mid-January. If you use Free File, get ready. The Internal Revenue Service says it will open in mid-January. Yes, the IRS announcement is a bit of vague posting. It did not give a precise date of when the 2021 version of the no-cost online tax return preparation and e-filing web page will be available for eligible filers. A few filing facts: However, we do know a couple of things for... Read more →


I'm feeling a bit like the Internal Revenue Service's appointments secretary, but this Friday, Jan. 15, is a date when many taxpayers need to take action. Yes, I'm talking about the fourth estimated tax payment due at the end of this week, but also about some final tax year 2019 housekeeping. Specifically, individuals and businesses who were in the paths of some major disasters last year. The timing of those catastrophes prompted the IRS to give taxpayers who had already filed for an extension to finish their 2019 tax returns until Jan. 15, 2021, to complete them. These folks now... Read more →


Millions of taxpayers are facing a deadline at the end of this week. No, unfortunately I am not talking about the Jan. 15 mark that the Internal Revenue Service is required by law to meet in distributing the second round of COVID-19 economic relief payments. I'm talking about paying Uncle Sam instead of getting money from him. The final estimated tax payment for tax year 2020 is due on Friday, Jan. 15. Taking care of taxes yourself: Around 22 million individuals file these extra tax payments, which total four if you make them for the full tax year. They are... Read more →


Misdirected direct deposits of COVID-19 economic relief payments are getting a lot of attention. They should. But this is not a new problem. Lost electronic tax refunds happen every filing season. What is new is the mechanism the Treasury Department established at the end of 2020 to deal with errant Internal Revenue Service direct deposits. A new regulation, the final version of which was published in the Federal Register on Dec. 22, 2020, details how taxpayers report this problem and how the IRS should handle it and get filers their misdirected money. Previously, not the IRS's problem: More of us... Read more →


Have you received your $600 COVID-19 economic impact payment (EIP)? If not, then you're probably doing the same thing as Purcival Fairweather. You're checking, double checking and rechecking yet again your bank account to see if the coronavirus cash is finally there. $600 check? More like check my account 600 times. — Purcival Fairweather 🍾 (@purcival) January 2, 2021 But your obsessive bank badgering won't have to go on very much longer. If your EIP doesn't arrive by Jan. 15 or shortly thereafter it's sent out as a debit card or paper U.S. Treasury check, then you're not getting it.... Read more →


Photo by Olya Kobruseva via Pexels Happy New Year! Oh, sorry. Was I typing too loud? I'm glad you were able to festively, and I hope safely, ring in 2021. Now that it's here, it also brings a new tax filing season. The Internal Revenue Service's delivery of the second round of COVID-19 relief money shouldn't hamper its handling of 2020 returns, which should officially start later this month. So if the IRS can be ready, so can we. So here are a few tax things to think about and take care of, after, of course, you're fully recovered from... Read more →


Some taxpayers awoke today to $600 (or more!) in their bank accounts. The money is the maximum per-person amount authorized by Congress and signed into law on Dec. 27 as part of the second COVID-19 economic relief measure. The Internal Revenue Service, which once again is in charge of distributing the economic impact payments (EIPs), says the electronic delivery will continue into next week. Some account holders may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of Jan. 4, 2021. Sorry, but you'll just have to wait for the... Read more →


Santa Claus, Indiana, is one of many merrily named communities across the country. However, this Christmas-year-round town is the only one with an official U.S. Postal Service Santa postmark. (Photo by tengrrl via Flickr CC) Ho! Ho! Ho! And Merry Christmas Eve from all the holiday themed towns across the United States. There are the municipalities dubbed North Pole in New York, Colorado, Alaska and yes, it's even OK in Oklahoma. For those who revel in the season's greenery we have up the road from me Garland, Texas, as well as virtual forest full of Evergreens. There's an Evergreen in... Read more →


There's some bad and not-so-bad news when it comes to the recently discovered hacking of the Treasury Department. Since we're still in god-awful 2020, let's start with the bad news. The hackers, believed by most security experts and many government officials to be Russian, were able to burrow deeply into the U.S. Treasury's computer operations, breaking into systems that are used by the department's highest-ranking officials. The better news is that the Internal Revenue Service, the largest division within Treasury, appears to be unaffected by the cyber attack. That's a relief to those of us who upon hearing that Treasury... Read more →


Congress plans to pass this evening its second round of COVID-19 help for millions of Americans. It's a huge bill. Granted, much of its 5,593 pages of dense legislative language cover the funding bills required to keep the federal government open through fiscal year 2021. Lawmakers decided to incorporate some pandemic relief measures into this must-pass bill. Obviously, there are associated tax implications. I'll be writing about some of those coronavirus-related tax matters in the coming days once they are officially enacted and I've had a change to read and decipher them. Some checks, but not as big as the... Read more →


OK, I can't confirm that the Greek dramatist Sophocles said this. But it's on the internet, so…. What is irrefutable is that bad advice is too often given and worse followed, especially when it comes to taxes. (Image by Quote Coyote) That cheering you hear is, well, everyone as 2020 finally is winding down. This mess of a year can't end too soon for most of us. But in our enthusiastic anticipation of the Year of COVID-19, we still must get ready for the upcoming tax season. At the start of the month, I offered some year-end tax moves that... Read more →


No, there isn't an electric version of Chevrolet's iconic Corvette (because who would want that!), but you have lots of other electric vehicle options that could get you not only a new car, but a nice federal tax credit. There are a couple of television commercials I look forward to every holiday season. There's the Corona Extra "Oh Tannenpalm" spot that's been airing for 30 years. And, of course, there's Hershey's Kisses handbell choir, which has been running even longer. Not as welcome, but as inescapable this time of year are the automaker ads with cars bearing giant bows. I've... Read more →


The Internal Revenue Service has a bit of good, although very belated, news for taxpayers still waiting for their 2019 tax return refunds. The agency says it plans to issue most of those delayed refunds by the end of the year. Coronavirus pandemic mail pile-up: The problem stems, of course, from COVID-19. In the spring, most of the federal government and many private companies instituted pandemic protocols. Among those put in place by the IRS were closures at most of its campuses nationwide. That meant tax work that had to be handled in-office went undone. The closures also produced a... Read more →


It's been a tough year for millions. In addition to worrying about keeping themselves and their families safe during the coronavirus pandemic, millions have lost their jobs. But there may be a little bit of help for those relying on government payments as 2020 winds down. The House and Senate are working on a compromise COVID-19 relief bill. It's huge and there still are congressional hurdles to overcome, but right now the proposal calls for a federal unemployment benefit of $300 a week for 16 weeks. That's welcome news for the nearly 13 million Americans who, without Congressional help, are... Read more →


Hi, I'm Kay and I'm a smartphone addict. I carry my phone from room to room in my house. Back pre-COVID-19 when I left my house, if I realized I somehow forgot to pick it up, I had to turn around, regardless of where I was in my journey, and go back and get it. And its apps are crucial to my coronavirus increased streaming, letting me find out where I saw that "Hey, it's that guy!" actor before or find out more about a great soundtrack tune. I am not alone in my dependence on this iteration of Alexander... Read more →


Most of us agree that technology has enhanced our lives. It's simplified myriad daily tasks with just a voice command, touch of a device screen or stroke of a keyboard. It's also made things easier for crooks. Identity theft is a snap when criminals can electronically snag your personal and financial data. High tech's illicit aspects quickly spread to the tax world. When the Internal Revenue Service shifted to electronic transactions, tax identity thieves slipped through that digital door, stealing taxpayer identities and filing fake returns to collect fraudulent refunds. Now, though, the IRS is adding an extra electronic lock... Read more →


We need to follow Santa Claus' example this month. Just as he checks his naughty or nice list, we need to check on tax moves to make by Dec. 31. It's December. 2020 and its craziness is almost over! Are you ready? Specifically, are you ready for the holidays? For those of us still committed to pandemic precautions, it's going to be a different, and yes, a bit less jolly, season. But one thing is the same as in previous Decembers. We still need to make some tax moves before Jan. 1. Some December tax moves will demand a little... Read more →


Have coronavirus money troubles forced you to break into some of your next eggs? COVID-19 legislation made getting to retirement money easier, but you probably will still owe tax on the early withdrawals and must deal with a new form to report your distributions (or paybacks) to the IRS at filing time. With the holidays here and no additional immediate COVID-19 economic relief payment in sight, some folks likely have or are considering tapping their retirement accounts. That option was made easier as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act enacted on March 27. It provides... Read more →


A VITA volunteer talks with a taxpayer. Check out the IRS' video on VITA and TCE programs for more on them and how you can participate. Every November, millions of Americans take time around Thanksgiving to acknowledge all the things in their lives for which they are grateful. This year, the coronavirus pandemic is affecting not only how we celebrate Turkey Day, but our assessments of our blessings. It's also reshaped how many of us look at ways we can share our good fortunes. One option is donating to charitable groups that can help out those who have fewer thanks... Read more →