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The IRS will usually send a letter stating the mistake and the amount you owe or if it’s a return, a refund check. This is something that its computer system can figure out on its own.
The IRS MATH Act would require the IRS to identify the line item the IRS is changing, explain the reason for the change and clearly list the taxpayer’s required response date. The time to ...
The IRS is urging everyone to file online returns rather than paper ones — especially if you want your refund faster. Most online filers who choose direct deposit should get their refunds within ...
Taxpayers can largely expect their tax refunds to arrive two weeks after they file their federal returns — as long as they file the right way and without errors. Tax refund calendar: Here’s ...
One way to avoid this tax-refund mistake is to make a list of your financial goals and how you expect to achieve them. This will help you look beyond immediate gratification and focus on steps ...
To understand why a large tax refund is bad, you need to know that when you get a tax refund, the government is returning some of the money it withheld from your paycheck throughout the year.
Filing season is in full swing, and the April 15 deadline is fast approaching. That can mean panic and hastiness, and a lot of filers are worried about making a mistake.
By Laura Shin 1040, 1040A, 1040EZ, Schedule C, Schedule B, 4868, 1099, W-2 ... doing your taxes can feel like trying to speak a foreign language that you've never taken a course in. Given how ...
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