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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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My Tax Blog

August 31, 2021 | 2021 Tax Season, Collection, Form 1040, IRS, Refund...
I was Getting a Refund but Got an IRS Bill . . . ?

Man & woman setting at desk with papwers. Man is covering face with hand head lowered. Woman is covering her mouth with her hand

Been getting a lot of calls for IRS Notices. Most of them seem to be related to the Stimulus Payment or “Recovery Rebate Credit”. The Recovery Rebate is a reconcile. Taxpayers not receiving the full amount of stimulus payment one (Paid out March-May 2020) or Stimulus Payment two (paid out January thru March 2021), can … I was Getting a Refund but Got an IRS Bill . . . ?

July 20, 2021 | 2020 Tax Year, Amended Return, Form 1040, IRS, Ohio...
Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

pile of gold and silver coins on a black table

YES and NO. The American Rescue Act was passed March 11, 2021. It made an additional refunds available to some Taxpayers. There’s no additional refund (“Hidden Treasure”) available for Taxpayers who filed their 2020 tax return before March 31, 2021 claiming only wages and federal unemployment income. The IRS automatically processes an additional refund for … Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

June 4, 2021 | 2020 Tax Year, 2021 Tax Season, Form 1040, IRS, Refund...
Where’s My Refund? It’s been 6 weeks, 10 weeks, 12 weeks

Refunds are taking longer this year. Refunds are delayed if the 2020 tax year return: Claims Child Tax Credit. . For children under the age of 17 or a reduced amount for College Students or disabled children. . Refunds are subject to extra scrutiny because of fraud. Earned Income Credit . . . for … Where’s My Refund? It’s been 6 weeks, 10 weeks, 12 weeks

January 20, 2021 | 2020 Tax Year, 2021 Tax Season, 2022 tax year, IRS, Refund...
Need Refund? Patience Please!

IRS is going to be running a little “late” this year. According to the information received as of today (January 15, 2021), IRS will start processing 2020 Tax Year individual Tax Returns February 12, 2021. Tax Returns can be prepared before February 12 processing date. Estimated refund processing times for returns that refund extra … Need Refund? Patience Please!

August 27, 2020 | IRS, Refund, Refund Status, Tax Forms, Taxes...
IRS Pays ME Interest?!

Yes, under certain conditions. FOR TAXPAYERS: The IRS must pay interest if the taxpayer’s tax refund is paid more than 45 days after the tax return due date. Because of the COVID-19 shutdown, some individual taxpayer refunds have interest added. Extra money from the IRS . . .Yay! Careful: CATCH22!! IRS interest received is taxable. … IRS Pays ME Interest?!

January 30, 2019 | Form 1040, IRS, Refund, scams, Tax Resources...
Why File Taxes Early?

calculator and note pad with hand writing

To avoid tax related identity theft Most identity thieves file “phony” returns early so that the IRS receives the phony forms before the “real” taxpayers have time to file. After a tax return is electronically filed, any other individual electronically filed return for the same tax year and same social security number is rejected. So … Why File Taxes Early?

Welcome

My Tax Blog

August 31, 2021 | 2021 Tax Season, Collection, Form 1040, IRS, Refund... I was Getting a Refund but Got an IRS Bill . . . ?

July 20, 2021 | 2020 Tax Year, Amended Return, Form 1040, IRS, Ohio... Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

June 4, 2021 | 2020 Tax Year, 2021 Tax Season, Form 1040, IRS, Refund... Where’s My Refund? It’s been 6 weeks, 10 weeks, 12 weeks

January 20, 2021 | 2020 Tax Year, 2021 Tax Season, 2022 tax year, IRS, Refund... Need Refund? Patience Please!

August 27, 2020 | IRS, Refund, Refund Status, Tax Forms, Taxes... IRS Pays ME Interest?!