February 1, 2019
Despite several setbacks, the IRS has officially opened up filing for the 2019 tax season. The IRS anticipates refunds to start being issued the first week of February and does not expect the government shutdown to affect the refunds of those individuals who file early, contrary to previous reports. It’s important to note that the IRS typically receives a tremendous number of phone calls during the early weeks of tax season; it is highly recommended that those taxpayers looking for the status of their refunds use the IRS.gov website to check for updates.
A couple more helpful details to be aware of this tax season:
If you have any questions regarding your 2018 tax returns, we recommend that you call our office or visit the IRS.gov website for more information.
As the month “Marches” on, and we at LBF are in full tax season mode, we want to remind those of you whose returns we have finished to please get us your 8879 electronic filing form ASAP so we can file your return (which we will not do without this form), and assure your filing is timely. Also, remember that even if you owe taxes (we hope you don’t), the IRS will not be...
Many people receive tax refunds from the IRS and wonder how long it will take to receive your refund. You wait by the mailbox or look at your bank account hoping that your refund is there. We will fill you in on the tax refund schedule and how long it takes for the IRS to issue refunds.
When Are Taxes Due?
The deadline to submit your 2018 tax return and pay...
As you are collecting your tax documents for this year’s tax return (or stuffing them in a file drawer if your return has already been filed), you may be wondering: “How long to I need to keep this stuff?”
The general rule is that you should keep all documents that prove the information on your tax return until that return can no longer be audited, and interest and...