Tax Tips & News

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

2 minutes read

Certain H&R Block Client’s Refunds Are Delayed

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....

Refunds Delayed For Some Low-Income Taxpayers

2 minutes read

Refund Delays For Some

According to a recent article, refunds are being delayed for some lower income taxpayers; especially those that file for the Earned Income Tax Credit (EITC). The primary reason for the delay is these taxpayers tend to file early, and these returns are particularly susceptible to Identity Theft & fraud. Highlights include:

Tax Tips For Those That Recently Changed Their Names

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Name Change Tax Checklist

If you recently changed your name (most commonly due to a recent marriage or divorce), the following are some valuable IRS tax tips to follow to ensure your tax return is not negatively impacted due to the name change:

What Triggers An IRS Audit? (aka Desk Audit Tax)

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Avoid Audit Red Flags

Nothing brings on the cold sweats like an official letter from the Government; particularly the IRS. Like being pulled over by the police while driving, thoughts of everything you have ever done (or may have done) wrong begin to flood your mind. There are two different classes of IRS Audits: Correspondence Audits & Desk Audits.

Taxpayers: Protect Yourself From Identity Theft

4 minutes read

Protect yourself from Identity Theft

Identity theft has become a huge problem for the IRS. Last year alone, there were nearly 650,000 cases of Identity Theft reported to the IRS. Some believe the skyrocketing amount of cases are a direct result that the IRS now requires all tax returns to be filed electronically. The IRS has implemented “digital safeguards” this year to intercept returns which they deem have a high probability of identity theft, and have deployed a task force of 3,000...

IRS To Process Depreciation & Education Credits This Week

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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...

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.