Did You Receive an IRS 5858 or 5862 Letter?
Sep09

Did You Receive an IRS 5858 or 5862 Letter?

The IRS is sending letters to taxpayers who received advance payments of the premium tax credit in 2015, but who have not yet filed their tax return. You must file a tax return to reconcile any advance credit payments you received in 2015 and to maintain your eligibility for future premium assistance. If you do not file, you will not be eligible for advance payments of the premium tax credit in 2017. If you receive Letter 5858 or...

Read More
Some Refunds Delayed in 2017
Sep07

Some Refunds Delayed in 2017

The Internal Revenue Service encourages taxpayers to consider a mid-year tax withholding checkup following several new factors that could affect their refunds in 2017. The withholding review takes on even more importance this year given a new tax law change that requires the IRS to hold refunds a few weeks for some early filers in 2017 claiming the Earned Income Tax Credit and the Additional Child Tax Credit. In addition, the IRS and...

Read More