IRS Officially Opens Tax Season Today, Begins Processing Returns and Refunds

IRS Officially Opens Tax Season Today, Begins Processing Returns and Refunds

Taxes

Okay, usually only tax pros and those getting a tax refund are actually that excited about the opening of tax season. But after the government shutdown pushed the opening of the season forward ten days – from January 21, 2014, to January 31, 2014 – taxpayers all over the country are ready for tax season to begin.

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White House-It is A Good Thing That Obamacare Will Drive Millions Americans Out Of The Workforce

White House-It is A Good Thing That Obamacare Will Drive Millions Americans Out Of The Workforce

Taxes

Yesterday, Washington’s official non-partisan bean-counter, the Congressional Budget Office, dropped a bomb. By 2024, says the CBO, Obamacare will reduce the size of the U.S. labor force by 2.5 million full-time-equivalent workers.

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Looking For Your Tax Refund? What You Need To Know So Far For 2014

Looking For Your Tax Refund? What You Need To Know So Far For 2014

Taxes

It’s that time of year again. You know, the time of year where you’re relegated to doing a lot of waiting. And waiting. It’s hard, I know, between the delayed opening for tax season and the terrible weather that we’re experiencing in parts of the country. Things are moving kind of slow. Plus side? They are moving. Here’s the skinny so far:

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IRS Adds Tax Refund Status Tracker to Smartphone App

IRS Adds Tax Refund Status Tracker to Smartphone App

Taxes

The Internal Revenue Service has updated and improved its IRS2Go mobile app this tax season, adding new features including a way to track the status of a taxpayer’s tax refund.

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IRS Offers Refund Info And More Using Mobile App

IRS Offers Refund Info And More Using Mobile App

Taxes

The Internal Revenue Service has released the update to its smartphone application for the new tax season. The app, IRS2Go 4.0, is free for your iPhone or your Droid.

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IRS Tips for Simplified Home Office Deduction

IRS Tips for Simplified Home Office Deduction

Taxes

The IRS's new, simplified option for claiming a home office deduction greatly reduces paperwork and recordkeeping, but some restrictions apply.

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Yes, Olympic Wins Are Taxable (And Should Stay That Way)

Yes, Olympic Wins Are Taxable (And Should Stay That Way)

Taxes

It’s tough. According to Bankrate, the top five American Olympic athletes (NHL athletes excluded) at Sochi are Shaun White, Bode Miller, Ted Ligety, Hannah Teter and Lindsey Jacobellis; the latter two barely crack the $1 million mark.

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Understanding Your Tax Forms The W-2

Understanding Your Tax Forms The W-2

Taxes

Each year about this time, mailboxes across America are filled with tax forms. Sometimes, those tax forms go straight to a tax professional, unopened. Other times, taxpayers may dutifully open those forms and type the information, box for box, into tax preparation software. In both cases, it’s not unusual for taxpayers to not have an understanding of the meaning of all of the numbers, letters and other information on those forms. That’s about to change.

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IRS Warns of Dirty Dozen Tax Scams of 2014

IRS Warns of Dirty Dozen Tax Scams of 2014

Taxes

The Internal Revenue Service has released its annual “Dirty Dozen” list of tax scams, cautioning taxpayers to protect themselves against a wide range of schemes ranging from identity theft to tax return preparer fraud this tax season.

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IRS Processing Returns, Refunds Faster Than In 2013

IRS Processing Returns, Refunds Faster Than In 2013

Taxes

Tax season continues to roll in 2014. The Internal Revenue Season has released the most recent 2014 tax filing season statistics showing that numbers are up in almost every category as compared to 2013.

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