Tax Tips & News: form (2)

H&R Block Files Client’s Tax Returns Early Delaying Refunds

2 minutes read

H&R Block (HRB)–the largest public retail tax preparation company in the United States–has confirmed that they have filed many tax returns containing certain delayed credits too early, causing their clients refunds to be delayed. The primary issue is the Education Tax Credit which was not accepted for electronic filing until recently (February 22nd). This has prompted the IRS to send letters to HRB clients instead of their expected refunds....

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Health Insurance Reported On Form W-2

0 minute read

The following IRS Video explains the new area where Health Insurance coverage is to be reported on future W-2s.

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IRS To Process Depreciation & Education Credits This Week

2 minutes read

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...

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IRS Begins Accepting Tax Returns Today

3 minutes read

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...

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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.

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October 15 Extension Deadline Approaching

2 minutes read

According to the IRS, over 11 million taxpayers who filed for an extension are due to submit their final tax return by October 15th.  Failure to do so can result in penalties and interest.  If you filed an extension, and have yet to file your final return, time is running out.  If you require assistance, R&G Brenner can help.  Please contact us here to schedule an appointment and/or to speak to a qualified R&G Brenner tax professional.

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Important April 30th Deadline For NYS Businesses

2 minutes read

April 17 has come and gone, and New Yorkers have filed their returns, or at least filed for an extension. But for many New York businesses, April 30 is another key date.

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What To Do If You Can’t Pay Your Taxes

7 minutes read

It’s one of the worst tax time scenarios: You discover while doing your taxes — or you just know without even doing them —that you owe taxes, and you don’t have the cash. What should you do?

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How To Calculate Your Adjusted Gross Income

6 minutes read

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