Editorial team of TFX
Articles
IRS Owes $1.5 Billion in Unclaimed Refunds From 2018 Tax Returns – Claim Your Money Before the April Deadline
IRS Owes $1.5 Billion in Unclaimed Refunds From 2018 Tax Returns – Claim Your Money Before the April Deadline The IRS has recentl...
Child Tax Credit (CTC) 2021: $3,000!
Critical Update March 8, 2022: IRS revises Child Tax Credit guidelines The IRS has revised its 2021 Child Tax Credit and Advance Child Tax Credit ...
IRS Stops Sending Warning Letters Due to Processing Backlog
Overwhelmed with millions of unprocessed tax returns, the IRS has announced that it will stop sending more than a dozen types of automated notices to taxpayers, including warning letters for outstanding tax debt a...
Webinar: IRS Letters and Important Updates. Recording and Live Q&A Transcript
On February 17, 2022, we hosted a webinar on recent IRS letters and important updates which included live Q&A with our tax experts. You can access the recording and we’ve also transcribed this Q&A transcript. ...
When Will the IRS Start Issuing Refunds for the 2021 Tax Year
Below is a chart showing estimated dates for the receipt of income tax refund calendar 2021 when the return was accepted (based on e-filing). These dates should be close, but many factors can affect them. Estimated Refund release date 2021 ...
Don’t Panic: Notices from IRS of Unfiled Returns (CP-80)
Taxpayer Filed 2020 Tax Return; Receives IRS Notice that Return Not Filed The IRS has a large backlog of unprocessed individual tax returns (some reports estimate over 6 million). However, if you paid tax, the IRS has processed the payment (check or e-payment). This has led to many taxpayers receiving erroneous not...