Tips for Effectively Receiving a Tax Refund for a Taxpayer Living Abroad.
Jun23

Tips for Effectively Receiving a Tax Refund for a Taxpayer Living Abroad.

The quickest way to receive your refund is by direct deposit to a checking or savings account, including an individual retirement arrangement. However, you need a U.S. account to request direct deposit. If you do not have a U.S. account, or do not choose to receive your refund via direct deposit, a check will be mailed to the address you provided on your tax return.   To help ensure your refund check is mailed to the correct...

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Tax Information for College Student with Financial Aid Applications.
Jun23

Tax Information for College Student with Financial Aid Applications.

To protect sensitive taxpayer data, the IRS and FSA the Data Retrieval Tool (DRT) on fafsa.gov and StudentLoans.gov used to access your tax information for the FAFSA and income-driven repayment (IDR) plan applications is currently unavailable. While we are working to resolve these issues as quickly as possible, the tool will remain unavailable until extra security protections can be added. See: IRS Offers Help to Students, Families to...

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We Caution Taxpayers to Watch Out for Summertime Scams.
Jun23

We Caution Taxpayers to Watch Out for Summertime Scams.

The Internal Revenue Service today issued a warning that tax-related scams continue across the nation even though the tax filing season has ended for most taxpayers. People should remain on alert to new and emerging schemes involving the tax system that continue to claim victims. “We continue to urge people to watch out for new and evolving schemes this summer,” said IRS Commissioner John Koskinen. “Many of these are variations of a...

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Is that really the IRS Really Calling You?
Jun21

Is that really the IRS Really Calling You?

Many taxpayers have encountered individuals impersonating IRS officials – in person, over the telephone and via email. Don’t get scammed. We want you to understand how and when the IRS contacts taxpayers and help you determine whether a contact you may have received is truly from an IRS employee. The IRS initiates most contacts through regular mail delivered by the United States Postal Service. However, there are special circumstances...

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What exactly is an Offer in Compromise?
Jun19

What exactly is an Offer in Compromise?

Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer in Compromise. Before applying for an Offer in Compromise, here are some things to know: In general, the IRS cannot accept a settlement offer if the taxpayer can afford to pay what they owe. Taxpayers should first explore other payment options. A payment plan is one possibility....

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