Editorial team of TFX

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 ...

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...

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.   ...

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...

Nobody likes getting mail from the IRS, but here's one letter that you do not want to accidentally toss out: In the coming weeks, the revenue services will begin sending out correspondence about the third stimulus checks and advance child tax credit, which was distributed in 2021. Do not throw away any IRS letter you may receive....

There have been important changes to the Child Tax Credit that allowed families to receive advance payments in 2021.  Families with qualifying children received financial assistance during the year rather than waiting for 202...