Editorial team of TFX
Articles
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...
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 outstan...
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. .responsive-youtube ...
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 Es...
IRS Warns Letter 6419 May Contain Incorrect Information About Child Tax Credits
This tax season many taxpayers should expect to receive letters 6419 & letter 6475 - however, during a conference call on Monday, Jan 24, the IRS indicated that letter 6419 may contain inaccurate information for many taxpayers. ...
(update) IRS Requires New ID.me Facial Recognition System
updated - Mar 3, 2023 The IRS has finally shifted its online services for tax professionals to a third-party authentication software company called ID.me. As a result, accountants will need to create an ID.me account to access the IRS website. An ID.me Account Now is a Must Th...