Mr. Tax of America

Still waiting for your tax refund? Million of others are too. As of late June, the IRS had over 15 million returns that still need processing. Some are paper returns and others were electronically filed but need manual processing. Have you tried calling the IRS? Good luck! It is estimated that less that 5% of calls were answered by a live representative this year.

Mr. Tax of America updated their business hours.

Mr. Tax of America updated their business hours.

WASHINGTON ― The Internal Revenue Service successfully opened the 2020 tax filing season today as the agency begins accepting and processing federal tax returns for tax year 2019.
The deadline to file a 2019 tax return and pay any tax owed is Wednesday, April 15, 2020. More than 150 million individual tax returns for the 2019 tax year are expected to be filed, with the vast majority of those coming before the April 15 tax deadline.

Time is running out! April 15th is only a week away. Don’t forget to file your taxes!

IR-2019-01, January 7, 2019

WASHINGTON ― Despite the government shutdown, the Internal Revenue Service confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.

“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,” said IRS Commissioner Chuck Rettig.

Congress directed the payment of all tax refunds through a permanent, indefinite appropriation (31 U.S.C. 1324), and the IRS has consistently been of the view that it has authority to pay refunds despite a lapse in annual appropriations. Although in 2011 the Office of Management and Budget (OMB) directed the IRS not to pay refunds during a lapse, OMB has reviewed the relevant law at Treasury’s request and concluded that IRS may pay tax refunds during a lapse.

The IRS will be recalling a significant portion of its workforce, currently furloughed as part of the government shutdown, to work. Additional details for the IRS filing season will be included in an updated FY2019 Lapsed Appropriations Contingency Plan to be released publicly in the coming days.

“IRS employees have been hard at work over the past year to implement the biggest tax law changes the nation has seen in more than 30 years,” said Rettig.

As in past years, the IRS will begin accepting and processing individual tax returns once the filing season begins. For taxpayers who usually file early in the year and have all of the needed documentation, there is no need to wait to file. They should file when they are ready to submit a complete and accurate tax return.

The filing deadline to submit 2018 tax returns is Monday, April 15, 2019 for most taxpayers. Because of the Patriots’ Day holiday on April 15 in Maine and Massachusetts and the Emancipation Day holiday on April 16 in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file their returns.

Software companies and tax professionals will be accepting and preparing tax returns before Jan. 28 and then will submit the returns when the IRS systems open later this month. The IRS strongly encourages people to file their tax returns electronically to minimize errors and for faster refunds.

Mr. Tax of America

As the IRS begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the tax agency reminded taxpayers that they should not expect refunds to be available in bank accounts or on debit cards until the week of Feb. 27. The additional time is due to several factors, including weekends, the Presidents Day holiday and the time banks often need to process direct deposits.

Many of these refunds had been held since the filing season started in late January due to new requirements the 2015 Protecting Americans from Tax Hikes (PATH) Act.

As the IRS begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the tax agency reminded taxpayers that they should not expect refunds to be available in bank accounts or on debit cards until the week of Feb. 27. The additional time is due to several factors, including weekends, the Presidents Day holiday and the time banks often need to process direct deposits.

Many of these refunds had been held since the filing season started in late January due to new requirements the 2015 Protecting Americans from Tax Hikes (PATH) Act.

Mr. Tax of America

Please share this with your friends.

Attention Clients:

Delay of certain refunds: Earned Income Tax Credit or Additional Child Tax Credit.

The PATH Act of 2015, approved by Congress, requires the IRS to hold the refund for tax returns that include the EITC or ACTC until Feb. 15. They cannot send refunds before then. However, the IRS cautions that your refund likely won’t arrive in your bank account or debit card until the week of February 27, if there are no processing issues with the tax return and you chose direct deposit.

Attention Clients:

Delay of certain refunds: Earned Income Tax Credit or Additional Child Tax Credit.

The PATH Act of 2015, approved by Congress, requires the IRS to hold the refund for tax returns that include the EITC or ACTC until Feb. 15. They cannot send refunds before then. However, the IRS cautions that your refund likely won’t arrive in your bank account or debit card until the week of February 27, if there are no processing issues with the tax return and you chose direct deposit.

Mr. Tax of America

The IRS opened electronic filing today! Are you ready?

The IRS opened electronic filing today! Are you ready?

Mr. Tax of America

Don't forget, Monday April 18th is the deadline to file your taxes this year!!!

Don't forget, Monday April 18th is the deadline to file your taxes this year!!!

As of today, the estimated percentage of refunds not yet released by the IRS are:

- for returns filed 01/12 - 01/12, approximately 20% have not yet been released by the IRS.

- for returns filed 01/13 - 01/15, approximately 25% have not yet been released by the IRS.

- for returns filed 01/16 - 02/02, approximately 30% have not yet been released by the IRS.

- for returns filed 02/03 - 02/03, approximately 60% have not yet been released by the IRS.

- for returns filed 02/04 and beyond, the IRS has released very few refunds.

As of today, the estimated percentage of refunds not yet released by the IRS are:

- for returns filed 01/12 - 01/28, approximately 35% have not yet been released by the IRS.

- for returns filed 01/29 - 01/31, approximately 55% have not yet been released by the IRS.

- for returns filed 02/01 - 02/02, approximately 60% have not yet been released by the IRS.

- for returns filed 02/03 - 02/03, approximately 80% have not yet been released by the IRS.

- for returns filed 02/04 and beyond, the IRS has released very few refunds.

As of Feb 4th, the estimated percentage of refunds not yet released by the IRS are:

- for returns filed 01/12 - 01/15, approximately 65% have not yet been released by the IRS.

- for returns filed 01/16 - 01/22, approximately 80% have not yet been released by the IRS.

- for returns filed 01/23 - 01/26, approximately 85% have not yet been released by the IRS.

- for returns filed 01/27 - 01/27, approximately 95% have not yet been released by the IRS.

- for returns filed 01/28 and beyond, the IRS has released very few refunds.

The IRS issued the following statement the evening of the February 3:

The IRS experienced a hardware failure this afternoon affecting a number of tax processing systems, which are currently unavailable. A number of our systems are not currently operating, including our modernized e-file system and a number of other related systems. The IRS is currently in the process of making repairs and working to restore normal operations as soon as possible.Some of the systems will remain unavailable until tomorrow. A number of taxpayer and tax practitioner tools will be unavailable during this period. IRS.gov remains available, although a number of the services on the site are not, including Where’s My Refund. Taxpayers can continue to prepare and file their tax returns as they normally would. Taxpayers can continue to send their tax returns to their e-file provider; these companies will hold the tax returns until the IRS resumes accepting electronic tax returns. Taxpayers who have already filed their tax returns do not need to take any additional action. The IRS is still assessing the scope of the outage.

As of Feb 2nd, the estimated percentage of refunds not yet released by the IRS are:

for returns filed 01/12 - 01/15, approximately 65% have not yet been released by the IRS.

- for returns filed 01/16 - 01/22, approximately 80% have not yet been released by the IRS.

- for returns filed 01/23 - 01/26, approximately 85% have not yet been released by the IRS.

- for returns filed 01/27 - 01/27, approximately 95% have not yet been released by the IRS.

- for returns filed 01/28 and beyond, the IRS has released very few refunds.

For each of the past few days, the IRS has released a small daily batch of refunds. Through yesterday, the IRS has released a portion (less than 1%) of returns filed on or prior to Jan 22. Today, the IRS released a portion (less than 1%) of returns filed on Jan 23 and Jan 24. On Monday, the IRS is scheduled to release a portion (less than 1%) of returns filed on Jan 25 and Jan 26. All other filers continue to wait.

Mr. Tax of America

Unusual Refund Patterns at IRS
As of 7am Eastern this morning, the IRS has still only released a small trickle of refunds so far this year. Never in the history of e-file have most early filers waited this long to receive their refund.This situation is nationwide, affecting all taxpayers and all tax preparers throughout the country.

Unusual Refund Patterns at IRS
As of 7am Eastern this morning, the IRS has still only released a small trickle of refunds so far this year. Never in the history of e-file have most early filers waited this long to receive their refund.This situation is nationwide, affecting all taxpayers and all tax preparers throughout the country.

Unusual Refund Patterns at IRS
As of 7am Eastern this morning, the IRS has still only released a small trickle of refunds so far this year. Never in the history of e-file have most early filers waited this long to receive their refund.

Mr. Tax of America

E-Filing for 2015 tax returns began today!

E-Filing for 2015 tax returns began today!

Federal Banking System is Closed on Monday January 18
Please remember that the entire U.S. Banking system is closed on Monday January 18 due to a federal holiday. Although banking branches are open to walk-in traffic, the U.S. Federal Reserve will not allow money to move between banks during the holiday.

Scam Alert!!!

Please be aware that we have been contacted by several people during the last few days. They have received calls from callers claiming to be with the IRS. The caller claims that you owe money and are going to be sued by the IRS if you do not pay.
This is a scam!!! Do not give out any personal information or bank accout numbers!!

Please share this with all of your friends.

For more information please contact our office.

Internal Revenue Service

Scam Alert!!!

Please be aware that we have been contacted by several people during the last few days. They have received calls from callers claiming to be with the IRS. The caller claims that you owe money and are going to be sued by the IRS if you do not pay.
This is a scam!!! Do not give out any personal information or bank accout numbers!!

Please share this with all of your friends.

For more information please contact our office or visit the IRS website at www.irs.gov

irs.gov

IRS-Impersonation Telephone Scam

An aggressive and sophisticated phone scam targeting taxpayers, including recent immigrants, has been making the rounds throughout the country. Callers claim to be employees of the IRS, but are not. These con artists can sound convincing when they call. They use fake names and bogus IRS identification badge numbers. They may know a lot about their targets, and they usually alter the caller ID to make it look like the IRS is calling.

Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a business or driver’s license. In many cases, the caller becomes hostile and insulting.

Or, victims may be told they have a refund due to try to trick them into sharing private information.

If the phone isn't answered, the scammers often leave an “urgent” callback request.

Note that the IRS will never: 1) call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill; 2) demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe; 3) require you to use a specific payment method for your taxes, such as a prepaid debit card; 4) ask for credit or debit card numbers over the phone; or 5) threaten to bring in local police or other law-enforcement groups to have you arrested for not paying.

If you receive one of these calls just don't answer. If they leave a message don't return the call. If you have any questions just call our office.

2016 Tax Season Opens Jan. 19 for Nation’s Taxpayers.
The IRS Just announced the first day for efile.
IR-2015-139, Dec. 21, 2015 ― Following a review of the tax extenders legislation signed into law last week, the IRS announced today that the nation’s tax season will begin as scheduled on Tuesday, Jan. 19, 2016.

Federal Banking System is Closed on Monday February 16
Please remember that the entire U.S. Banking system is closed on Monday February 16 due to a federal holiday. Although banking branches are open to walk-in traffic, the U.S. Federal Reserve will not allow money to move between banks during the holiday.

As a result of the banking holiday, please note that all banks nationwide are unable to post new deposits into taxpayer bank accounts on Monday. Taxpayers expecting funds to post to their accounts may experience a delay due to the holiday.

Also, please note that the federal government will not be releasing refunds on Monday due to the holiday. As a result, there may be delays in the IRS releasing refunds surrounding the holiday.

Mr. Tax of America

The IRS releases refunds each weekday throughout the year.

As of today, the estimated percentage of refunds not yet released by the IRS are:
- for returns filed 01/12 - 01/12, approximately 15% have not yet been released by the IRS.
- for returns filed 01/13 - 01/17, approximately 20% have not yet been released by the IRS.
- for returns filed 01/18 - 02/03, approximately 25% have not yet been released by the IRS.
- for returns filed 02/04 - 02/04, approximately 45% have not yet been released by the IRS.
- for returns filed 02/05 - 02/05, approximately 80% have not yet been released by the IRS.
- for returns filed 02/06 and beyond, the IRS has released very few refunds.

The IRS releases refunds each weekday throughout the year.

As of today, the estimated percentage of refunds not yet released by the IRS are:
- for returns filed 01/12 - 01/12, approximately 15% have not yet been released by the IRS.
- for returns filed 01/13 - 01/17, approximately 20% have not yet been released by the IRS.
- for returns filed 01/18 - 02/03, approximately 25% have not yet been released by the IRS.
- for returns filed 02/04 - 02/04, approximately 45% have not yet been released by the IRS.
- for returns filed 02/05 - 02/05, approximately 80% have not yet been released by the IRS.
- for returns filed 02/06 and beyond, the IRS has released very few refunds.

We are happy to report that the IRS continues to release refunds each weekday.
As of today, the estimated percentage of refunds not yet released by the IRS are:

- for returns filed 01/12 - 01/13, approximately 55% have not yet been released by the IRS.

- for returns filed 01/14 - 01/16, approximately 60% have not yet been released by the IRS.

- for returns filed 01/17 - 01/26, approximately 65% have not yet been released by the IRS.

- for returns filed 01/27 - 01/27, approximately 95% have not yet been released by the IRS.

- for returns filed 01/28 and beyond, the IRS has released very few refunds.

Mr. Tax of America

January 28, 2015 - IRS To Start Releasing Refunds

We expect that the IRS will begin releasing refunds tomorrow (Thursday afternoon) and then continuing on Friday and each weekday throughout the season,