Tax Professionals, Here Are The 2020 Deadlines You Need To Keep Track
It’s tax season once again! For tax professionals, the next three to four months can be the busiest time of the year. Aside from meeting with both old and new clients, you need to gather your clients’ financial documents, start preparing income taxes and file prepared...
Refund Timing for Earned Income Tax Credit and Additional Tax Credit Filers
The tax industry stakeholders are projecting refunds will begin hitting accounts mid-week, Feb 22nd. This is just an estimate and not a guarantee and it could take 7-10 days for the backlog of refunds to be caught up. Also note, the refunds may not be deposited in the...
Afternoon Feb. 13th – IRS Funding
So far this year, as of 4pm Eastern, the IRS has released almost no refunds. Current estimates are that the IRS has released refunds for fewer than 1% of returns filed in the first week of the e-file, and virtually no refunds from the second week. Many of the refunds...