Tax Tips & News (18)

IRS To Process Depreciation & Education Credits This Week

2 minutes read

IRS To Accept Returns With Form 8863 Feb. 14th

The IRS has announced that as of February 10th, they will begin accepting tax returns with form 4562 (Depreciation & Amortization) attached. Furthermore, as of February 14th, tax returns with form 8863 (Education Credits) will be accepted for processing by the IRS as well. The tax filing season this year was delayed until January 30th this year, however many taxpayer’s returns were delayed even further due to the IRS’ refusal to process forms...

The Best Way To Get The IRS On The Phone

4 minutes read

Average IRS Hold Time Was 17 Minutes In 2012

If you need help with a federal tax question, the Internal Revenue Service offers free, live assistance by telephone. But you’ll probably need to be patient when you call.

IRS Begins Accepting Tax Returns Today

3 minutes read

IRS Accepting Returns Today

After the longest delay in history, the IRS is now accepting electronic and paper tax returns for tax year 2012 as of January 30th, 2013. The caveat is that many forms for both individual and business returns are further delayed including form 8863 Education credits. The IRS has offered no specific date–only a general time frame of mid to late February–as to when these forms will be accepted. If you are in real need of your refund and you are claiming one of the...

IRS: Can’t Claim Education Credits Until Mid-February

2 minutes read

Please read the following brief from the IRS. Form 8863 (education credits) will not be accepted by the IRS until Mid-February. An exact date has not yet been offered. Any return that is Electronically filed with Form 8863 before the acceptance date will be rejected. Any return that is mailed to the IRS will not be processed until education credits have been approved. If you would like more information, please contact an R&G Brenner professional toll free (888) APRIL-15, or by clicking here.

IRS Launches EITC Awareness Day

1 minute read

EITC Awareness Day

In an effort to educate low income taxpayers on the benefits of the Earned Income Tax Credit (EITC), the IRS has launched EITC Awareness Days. Please watch the IRS Video below for more information. Highlights include:

IRS: Get Refund Info Every 24 Hours

0 minute read

The IRS Released the following video. Please watch for some valuable Tax Refund procedure information. Highlights include:

IRS Increasing “Audit-By-Mail” Program

4 minutes read

Mail-Processing Delays Plague Audit-By-Mail Program

By: Thomas Stemmy

IRS Offers Simplified Home Office Deduction

3 minutes read

New Home Office Deduction Saves A Lot Of Time

WASHINGTON — The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.

Many Mistakes For Self-Filers Due To Complex Tax Code

5 minutes read

The Tax Code Is Too Complicated

By STEPHEN OHLEMACHER The Associated Press

IRS Delays Accepting Returns Until Jan. 30th

3 minutes read

E-file Delayed Until Jan. 30th

By Robert W. Wood

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