800,000 Incorrect Tax Statements

800,000 Incorrect Tax Statements

Feb 20, 2015

The 1095-A is the tax statement in question and anyone who purchased a health care plan through the Marketplace will receive one. Included in this tax statement is the amount paid in monthly premiums, which is where the mistake was made. Some of the premiums figured...
Using The Return Query For Up To Date Return Info

Using The Return Query For Up To Date Return Info

Jan 22, 2015

Checking the status of any return is very easy to accomplish. Below are the steps in the program to ensure your statuses are up to date and correct. Inside the program – please go to Communications >> Get Acks & Updates or Click the “Get Acks & Updates”...
2015 ? American Opportunity Credits ? DELAYED

2015 ? American Opportunity Credits ? DELAYED

Jan 12, 2015

From our inside sources we are hearing that the IRS will be holding refunds with the American Opportunity Tax Credit. The word is that the IRS is going to wait till mid May so they can verify the information on the 1098-T form with with institution. This day and age...
IRS Bitter About Budget

IRS Bitter About Budget

Dec 11, 2014

It seems that IRS Commissioner John Koskinen is too busy steaming over the IRS budget cuts to worry about the Republicans and Democrats battling over the tax extenders. He states “Our (The IRS) job is tax administration; we’re not the tax policy people.” Koskinen adds...
Obama Threatens to Veto Tax Extenders

Obama Threatens to Veto Tax Extenders

Dec 2, 2014

As attempts to wrap up permanent tax-break extensions for corporations, college students and residents of states without income taxes were in progress. Obama stepped in and voiced his concern that these proposed tax extensions would not benefit low-income families at...