Tax Topic 152

Tax Topic 152

The Truth About Topic 152 Tax Topics are displayed when people check Where’s My Refund on the IRS website. The most common is Tax Topic 152. These tax topics are a way that the IRS communicates with taxpayers about the status of their tax refund. Rest assured, Tax Topic 152 is not something to be … Read more

Transaction Code 570 and Delayed Tax Refunds

transaction code 570

Transaction Code 570 Usually, around two weeks into tax season, we notice a surge of questions about the timing of refunds and IRS Transaction Code 570 that shows up on an IRS account transcript. Sometimes it feels like the tax season is progressing more slowly than previous years. Taxpayers see others getting updates through the … Read more

No Hold Bank (NHB) or Traditional Financial Institution (TFI)

No Hold Bank (NHB) Some banks may offer the option for early direct deposits, allowing customers to receive their paychecks or government benefits a day or two before they anticipate a deposit. We call these No Hold Banks (NHB). However, it’s important to note that early direct deposit policies can vary by bank and may … Read more

Improved Where’s My Refund Messages

“Where’s My Refund?” is an online tool provided by the Internal Revenue Service (IRS). It lets taxpayers check the status of their federal tax refund. This IRS provides this tool in its efforts to offer taxpayers real-time information about the processing of their tax refunds. Where’s My Refund messages have often been vague. Changes are … Read more

IRS Test Batch

The IRS test batch is often discussed as to when they will accept the first tax returns. They accept some tax returns earlier than the announced opening date. The IRS regularly conducts testing of its systems and software to ensure that they function correctly and meet security and compliance standards. IRS procedures, technologies, and terminology … Read more

Early Tax Refund Advance

What is an refund advance? A tax refund advance is offered by some tax preparation companies and financial institutions. It is a short-term loan that allows individuals to access a portion of their anticipated tax refund before the actual refund is processed by the IRS. It’s essential to note that tax refund advances are not … Read more

What is a Tax Advocate for the IRS and what do they do?

Tax Advocate

A Tax Advocate is “your voice at the IRS” A Tax Advocate might help your stalled tax refund. The bureaucracy surrounding the tax code and Internal Revenue Service can turn into a nightmare to navigate. The IRS has done a fairly decent job of making many of the basic processes that are important to the taxpayer … Read more

IRS Resequenced Delay for Tax Refund

Your tax refund might be delayed for being resequenced. The Where’s My Refund (WMR) tool might tell you that “Your tax return is still being processed. A refund date will be provided when available.” Resequenced circumstances happen behind the scenes while your tax return is being processed and can sometimes cause a delay of your … Read more

Resequenced or Unpostable Tax Return

Tax refunds can be delayed for being resequenced or unpostable. Where’s My Refund (WMR) tool on irs.gov might tell you that “Your tax return is still being processed. A refund date will be provided when available.” Resequenced or unpostable circumstances happen behind the scenes while your tax return is being processed. Resequenced Transactions that post … Read more

IRS Unpostable Process

Unpostable Overview Below are specific procedures how the IRS processes unpostable tax return transactions. It is directly from the IRS manual and is only for reference because it is complex. The easiest way to understand unpostables is to read more about How to Resolve Unpostable Tax Return, Resolution Time, Responding to Taxpayer Inquiries to see … Read more

IRS Unpostable Delay for Tax Refund

Unpostable Overview If your tax refund is delayed there may be a problem with a transaction that is unpostable in the IRS Master File system while your tax return is still being processed. Each transaction on your account must pass a series of validity checks prior to posting to the system. Your tax return could … Read more

Daily Account vs. Weekly Account

Explain it like I’m 5… Tax returns are processed by the IRS in cycles based on the “type” of account they have. For many people, transactions can be processed any day of the week. But for some people the IRS only processes and posts to the IRS master file (IMF) once per week. This is … Read more

Transaction Codes on IRS Account Transcript

Transaction Code Overview Transaction Codes (TC) sometimes called transcript codes consist of three digits and appear on your IRS account transcript. A transaction code is used to identify when an action posted to your tax account Master File while your tax return is being processed. They help to show a history of actions taken by … Read more

IRS Transcripts

irs transcripts

IRS transcripts are a valuable source of information about your tax account. They can sometimes be confusing and do not always present the full picture about a taxpayer’s account activity. What is an IRS transcript? IRS transcripts provide information about your tax account, your tax returns, wage and income and if you filed a tax … Read more

PATH Act delays some tax refunds and when the PATH Act lifts

The PATH Act will delay your tax refund until after February 15th if you claimed the Earned Income Tax Credit (EITC) and/or the Additional Child Tax Credit (ACTC) on your tax return. The PATH Act lifts on February 16th each year. It does not apply to people who only claimed the Child Tax Credit (CTC) … Read more

1099 from Third-Party settlement organizations.

UPDATED FOR by IRS for this filing season 1/22/24 Key Points Stop worrying about it for this year. The 1099 for all payments over the $600 rule is on hold. The IRS has delayed the new rule about third-party settlement organizations such as Venmo or Paypal being required to send 1099-K for over $600. Before, … Read more

2024 IRS Transcript with 846 Refund Issued code

2024 IRS Transcript with 846 Requesting your IRS Transcript online at irs.gov is the fastest way to get a transcript. Request an account transcript to look at the codes. Read more: How to check and read your IRS transcript. Join the Live Discussion 2024 IRS Transcript with 846 – Cycle Code 20240402 2023 IRS Transcript … Read more

Do you have a lower tax refund this year?

Tax Law Changes Causing Lower Tax Refunds Many people are wondering why they have a lower tax refund in 2023. If you have already filed your tax return or used a tax calculator to get a glance you might be shocked that it’s a lot lower than the refund you got last year. There are … Read more

IRS Get Transcript Service

IRS Transcript Service There are three ways to get an IRS transcript. You can use the online, phone or mail request. You can order copies of tax records for past tax returns, account information, wage and income statements and verification of non-filing letters. The easiest and fastest way to get a transcript is to access … Read more

IRS Letter 6419 and IRS Letter 6475

IRS letter 6419 and 6475

To make sure you file an accurate tax return and avoid IRS delays you should wait for these letters. Alternatively, the amounts can be found on the CTC Update Portal on IRS.gov. The IRS started sending the letters to people who received the advance child tax credit payments and third Economic Impact Payments (EIP). IRS … Read more

IRS Cycle Code and What Posting Cycles Date Mean

UPDATED for 2024 By using the table below, you can translate your IRS cycle code into a calendar date that tells you when your tax return posted to the IRS master file. The IRS cycle code can be found on your account transcript displayed as an eight digit sequence of numbers such as 20240405.  The … Read more

4 Reasons to explain what is slowing down tax refunds

These are four reasons you could still be waiting on a tax refund. An example of a complicated return with stimulus credit (#4) is detailed below. Backlog of Tax Returns The IRS is still processing 20 million+ tax returns that were left in the dust when the IRS shutdown the agency in under 2 weeks … Read more

IRS 4464C Letters and CP05 Notices make taxpayers confused.

4464C CP05

Did you receive a 4464C Letter or CP05 Notice from the IRS? A lot of taxpayers are waiting on their tax refund. Instead of a direct deposit, they are stuck looking at the message “…still processing…” on the IRS Where’s My Refund tool after 21 days has passed since they filed their return. Some have … Read more

How to Avoid a Student Loan Tax Refund Offset

student loan tax refund offset

How to Stop Student Loan Tax Refund Offset It may come as a shock to many people if they are expecting a tax refund but instead face a student loan tax refund offset. Student loans are a sticky subject for many former college students.  Let’s look at the process to understand how to stop a student … Read more

IRS Wage Verification could be causing Tax Refund Delays

If the IRS fraud detection filters triggered a review of your tax return for income and wage verification, it could be a hold up of your refund. So pull out your W2s and 1099s, your tax return could go old school. Why? IRS wage verification. It seems people might need evidence to prove that their … Read more

Tax Refund Delays for Millions of People

Tax Refund Delay in 2018

Millions of taxpayers who expect a tax refund can also expect tax refund delays. Although the IRS claims they issue 9 out of 10 refunds within 21 days, that still leaves a lot of people who do not get their refund in 21 days.  According to the IRS, they expect to process nearly 155 million … Read more

IRS Reference Code Numbers

irs reference numbers

What do the IRS Reference Numbers Mean? The below codes are IRS reference numbers that you might see when you check the status of your tax refund on Where’s My Refund? These are different than transaction codes on and Account Transcript. If you check the status of your tax refund and see a reference code, you should … Read more

Direct Deposit and Prepaid Cards for Tax Refunds

prepaid cards for tax refunds

Direct Deposit into a traditional checking account is the most popular way to receive your tax refund.  According to the IRS, “8 out of 10 people use e-file and direct deposit to get their tax refund.” There are also several other ways you can choose to have your tax refund sent. Good old Tax Topic 152 will remind … Read more

How to Get an IRS Identity Protection Pin (IP Pin)

What is an IP Pin? An identify protection pin (IP Pin) is a method used by the IRS to verify your identify. It is a 6-digit number assigned and issued by the IRS. It is different than an e-file pin which is self selected by the taxpayer. A scam that crooks like to use is filing … Read more

Filing Your Tax Return with Your Last Paystub

Tax Return With Your Last Paystub

Although employers are required to send you a W-2 by January 31st of each year, if you are expecting a refund, you may want to know if you can file your tax return with your last paystub. The answer is yes; you can do anything you want. However, you should not rely on your last … Read more

2018 Tax Season – Same spooky PATH, same destination.

As 2017 creeps to the end, some people are coming into a scary reality – their cash flow is ghastly and the 2018 tax season is nearly three months away. The candy tax you charge your kids on Halloween might yield Twix and Snickers.  But it doesn’t curb your craving for something better, a tax … Read more

Tax Refund Schedule for IRS e-file and direct deposit dates

2018 Tax Refund Schedule

The tax refund schedule for 2018 with Direct Deposit dates shown below are based on filing and transmitting as early as January 2, 2018. The IRS no longer publishes these dates and now notifies tax payers that most refunds will be issued within 21 days of your return being accepted.  This general estimate doesn’t satisfy everyone … Read more

The Notorious IRS – Mo’ Money Mo’ Problems

IRS

The IRS has a mo’ money mo’ problems problem. Or maybe it’s a NO money ‘mo problems problem. Which one is it? Let’s be real, we are all slightly traumatized tax nuts. But tax law changes and the economy leave the IRS holding the bag. It might be a surprise, but I’m not going to … Read more

Tax Refund Delay Extravaganza Kicks off the Tax Season

Tax Refund Delay

Most people already know about tax refund delays when you claim the Earned Income Tax Credit or Additional Child Tax Credit. This isn’t because the IRS just feels like holding your money for fun. The IRS introduced us to this back at the end of 2015 but some are just finding out about it now. … Read more

Make the Most of Your Tax Refund – Are you Spent?

Make the Most of Your Tax Refund

Anticipating your tax refund? Of course! If you want to make the most of your tax refund, you are like a lot of other people. Who doesn’t want to get back a chunk of the money they earned from Uncle Sam? For many folks, it’s the largest lump sum payment they will receive in the … Read more

‘Twas the night before Taxmas

Taxmas

‘Twas the night before Taxmas, I sat at the table; I planned to file taxes, as soon as I was able. The children were asking, for new gadgets and toys; so they could have things, like all other girls and boys. Sadly for them, I had ideas of my own. I had planned to pay … Read more

How to Replace W2 and other Tax Documents

Replace W2

Did you lose or never receive your W2? We don’t always have the greatest organizational skills, do we? Or perhaps a former employer had the wrong mailing address.  Important tax documents can be easy to misplace or maybe we just didn’t receive them when we were supposed to. We certainly don’t want to incur penalties … Read more

Rejected Tax Return Common Reasons and How to Fix

rejected tax return

Do you have a rejected tax return? First, don’t worry. If you e-filed your tax return and the IRS rejected it, you have a second chance to correct the mistakes and resubmit. In some cases, you may be able to retransmit the return electronically.  Other rejected returns may require you to file by paper and … Read more

Here are the 2018 tax refund loan products – should you borrow?

Tax Refund Loan

The Tax Refund Loan Question UPDATED DECEMBER 2017 –  Tax refund loan products are making a come back. A variety of vendors offer different perks related to your tax refund.  Many of the major tax preparation services are offering new products for 2018 tax refund loans. Automobile dealerships and furniture stores are also common places that offer … Read more

Two Most Common IRS Scams

irs scams

Identify and Avoid the Two Most Common Tax Scams Tax time is the peak season for criminals to try and steal your identity or scam you out of your tax return. IRS scams can easily run all year as criminals work to steal personal information and Social Security Numbers that will allow them to defraud … Read more

IRS Identity Theft Hotline

Are You the Victim of Tax Identity Theft? If you are the victim of IRS identity theft, it may be several months before you actually receive your refund because the IRS needs to investigate and validate your claim. That makes it very important to report tax identity theft immediately if you think you are a … Read more

Some Tax Refunds Delayed when you File Early

Tax Refunds Delayed

EITC and ACTC Tax Refunds Delayed Ready and waiting for that tax refund? Of course you are! Don’t get excited yet. Some tax refunds can be delayed when you file early in the year if you claim certain tax credits. Unfortunately, some taxpayers are going to have to wait a little while longer for their … Read more

When can you expect to receive your 1095A, 1095B, or 1095C

A top question we are seeing is about when Health Insurance Marketplace Statement 1095A form will be available. We decided to take a few minutes and see what information we could find regarding that form. What we found on IRS.gov is that there are actually 3 separate 1095 forms. To help make sense of the forms let me … Read more

This is what it means when WMR status bar disappears.

irs WMR refund status

Nothing. Most times when your status bar on the Where’s My Refund tool appears at 1 of 3 stages.  Return Received, Return Accepted, Return Processed and how long it will take is found on the irs.gov site and tools on TurboTax, H&R Block along with other tax preparer site.  But what happens when you don’t have any … Read more

What is the first day to file taxes?

refund schedule calendar

The first day to file taxes is in the first week of January in most cases. The IRS will begin processing and accepting returns on January 29, 2018.  Many tax preparation companies have announced dates for 2018.  Below are the dates for TurboTax, H&R Block, TaxAct and other big box tax preparation services. Updated: January … Read more

Social Security Number for your Health Insurance Company

IRS Form 1095

What You Need to Know about your Social Security Number & your Health Insurance Company There is NOT a specific IRS form that will be mailed to request your social security number for your health insurance.  The IRS has not designated a specific form to request this information. Your health insurance company may mail you a written request which discusses … Read more

Waiting for Correct 1095a

But what if you already filed your tax return with a 1095a that is wrong? Will your refund be cancelled while you are waiting for correct 1095a Form? Today, Healthcare.gov announced that as many as 800,000 taxpayers who signed up for insurance through the federal marketplace will be contacted because they filed using an incorrect form.  They … Read more

Contact Local IRS Office – Talk to a Person

contact local irs office

Get help and contact local IRS office! Still waiting for your tax refund?  Don’t spend hours on hold, visit or contact local IRS office.  Talk to a human. Find phone numbers and locations here. Thousands of refunders have spent hours on hold with the IRS only to get very few answers.  Your local IRS office is there to … Read more

State Tax Refunds Cancelled

Turbo Tax Stops Transmitting State Tax Returns – Refunds Cancelled Here is the latest tax news about State Tax Refunds Cancelled: Turbo Tax tax software has stopped transmitting state income tax returns due to a problem with over 16,000 fraudulent returns in 18 states being transmitted using their software according to this article on Forbes. So starting yesterday … Read more

IRS Form 8960 TurboTax error

Where's My Refund uncertainity

IRS Form 8960 is becoming a hot topic for some who are trying to file their tax return with TurboTax.  Users have been reporting an error on Line 4, different types of guidance from TurboTax and— asking why do I need to use a Net Investment Income Tax form? Should I enter zeros? Or Delete the Form? What is Form 8960 and … Read more

What is the first day to file taxes in 2015?

first day to file taxes

The first day to file taxes is January 20, 2015. The IRS begins accepting and processing returns on January 20, 2015 2016 UPDATE:  First Day to File Taxes in 2016 The first day to file taxes in 2015 was January 20, 2015.  When 2014 comes to an end and we get through the holidays, taxpayers who … Read more

Exemption Certificate Number (ECN)

Exemption Certificate Number (ECN)

What is an Exemption Certificate Number (ECN)? An ECN is an Exemption Certificate Number. This is a new 2015 tax return term and requirement for some tax returns. It will likely become common lingo for tax season because the healthcare rules and IRS penalties are new this year. Do I need an ECN? An Exemption … Read more

Child Tax Credit and Earned Income Tax Credit eliminated by Congress.

do not share

Was the Child Tax Credit or Earned Income Tax Credit eliminated by Congress? The National Report reported “Congress Eliminates Child Tax Credit, Mortgage Deduction And E.I.T.C From Tax Code“. No….Congress did not eliminate Child Tax Credit, Earned Income Credit (EITC) and Mortgage Deductions!  This is yet another rumor and a bunch of NON-SENSE that is starting to … Read more

Confessions of an Early Tax Refund Filer

We all have our own reasons for being the first to file our taxes each year. And though some may chastise early filers, some have damn good reasons to file taxes early. Some people are still waiting on a tax refund from last year and that just plain sucks. And, in some cases it can … Read more

Will I qualify for the Earned Income Tax Credit (EITC)?

Earned Income Tax Credit

EITC for tax year 2014, filed on your 2015 Tax Return Will I qualify for the Earned Income Tax Credit this year?  Your income may have changed or you might have separation/divorce issues that can change circumstances. When you file your tax return in 2015 for the 2014 tax year, income limits ad tax laws may have … Read more

Earned Income Tax Credit Qualifying Child Rules

earned income rules

Qualifying Child Tests:  relationship, age, residency and joint return. Filing for the earned income tax credit is a major credit that can increase your tax refund.  It’s important to ensure you qualify before taking this credit or your refund can be delayed.  The guidelines for a qualifying child are generally easy to understand.  Divorce, separation, … Read more

IRS Statement on 1121 Feb. 12, 2014

Hot News IRS Statement on 1121 Feb. 12, 2014 Post by I Got My Refund.     ….From the IRS site below… Early February 1121 Information A very small percentage of taxpayers may see an 1121 reference number if they check “Where’s My Refund?” after they initially were provided a projected refund date by the … Read more

Tax Refund Offset – Tax Topic 203

offsetDo you have a tax refund offset or Tax Topic 203 appearing when you check the WMR?

Topic 203 – Refund Offsets for Unpaid Child Support, Certain Federal and State Debts, and Unemployment Compensation Debts

Recently the topic of a tax refund offset came up in our forum.  There seems to be a lot of questions about what the IRS can take from a tax refund, and how it all works.  So, after doing a little research for some answers, here’s what we’ve come up with so far. First, the department that actually handles the offsets is Financial Management Services (FMS).

FMS is responsible for collecting delinquent debts and forwarding them to the agency to which they are owed. In most cases, FMS will send a letter prior to the offset to notify you that your refund is in danger of being offset. The letter includes both the name and Social Security number of the taxpayer for which the refund is being offset, as well as the organization to which the offset is being forwarded and the amount of the offset. If you do not receive the letter, however, call FMS to inquire as to the status of your income tax.

The phone number you should use to find out if you have an offset is: 800-304-3107.  I called this number myself just to see how it works.  Basically it will ask you for your social security number and run a search to see if there are any debts or offsets against you.  The message also states that the hotline is updated daily. If you’d like more information on the FMS, this is the link that was used for the above information: How to Check Your Income Tax Offset Refund Amount.

So, now that we have a better understand of who collects any offsets, you may be wondering what exactly could be taken from your tax refund.  The following list of was found here:

What Debts Can Be Taken From Your Federal Taxes?

Federal Debts The IRS pays itself first, so federal tax debts take precedence over other types of debts when it comes to offsetting your tax refund. If you failed to pay taxes due in previous years or you owe money to the IRS for any reason, the agency will partially or fully offset your refund to collect these funds.

Non-tax Federal Debts If you are up-to-date on your federal taxes, but you owe money to any other federal agency, the IRS can take money from your tax refund to satisfy these debts. Federal agency non-tax debts include past due or defaulted student loan payments, payments on HUD loans and any fines, penalties or fees due to any federal department. If you’ve accepted overpayments or fraudulent payments on Social Security or disability benefits or other federal insurance programs, these debts may also cause your refund amount to be reduced.

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A Little Tax Time Diversion!

The IGMR Anthem DDDs and WMR I want a vacation, I need a new car There are grumblies in tummblies and the bills can’t get paid Because we’re largely awaiting some IRS aid. The lines are all jammed cuz we just can’t quit callin’ And the lack of a second orange bar has us bawlin’ … Read more

TaxACT Always Free

taxACT

They say, Always Free.  If you haven’t filed, some IGMR users say TaxACT is the way to go. Free is always in my budget.  The chatter at igotmyrefund.com suggests that TaxACT has indicated a test batch of returns will be processed for potential acceptance on 1/24.  Will this week mean anything to early filers? Some … Read more

Tax Refund Loan – H&R Block Emerald Advance

tax refund loan

Go to tax refund loan products updated for 2018. Tax Refund Loans Available in November 2015 In November 2015, H&R block will begin offering their tax refund loan product called Emerald Advance which is based on the tax refund you expect to received in 2016. You may being applying for a refund loan in local … Read more

IRS Announces 2014 Tax Filing Delay and Dates

tax refund season

IRS delay announcement for next year. IRS could begin ACCEPTING returns on January 28, 2014, but as late as February 4, 2014. The original start date of 2014 tax filing season was Jan. 21 —but now a one- to two-week delay, apparently because of government shut down and push back of timeline to test test … Read more

idverify.irs.gov Which Result?

This is either a tax question or an HTML question. After an unusually long one-month wait for a refund, I get a letter from the IRS asking I go to a site of theirs: idverify.irs.gov The site asked a few multiple-choice questions to verify my identity, and I believe I answered all correctly. (One, “which … Read more

Tax Refund Delays on the Horizon for 2014 Filing Season

Are IRS and e-file technology glitches the trend? Yes it is only mid August, and I am beginning to think about 2014 tax season.  What have we learned from the prior tax refund delays?  In 2012, after many people experienced major refund delays caused by the mess we saw with the IRS newly implemented software … Read more

8 weeks after 4883C, tax return is still unpostable.

This is a scenario that happened to a taxpayer after they verified their identity and then their return was unpostable. I filled my tax return 98 days ago. TurboTax Transmitted 96 days ago. IRS finally accepted my tax return after I received a 4883C letter for identify verification 81 days ago. The Where’s My Refund … Read more

Children over 18, under 19 in college, don’t forget them on your tax return.

Can I claim my child if they are in college and over 18 might be a question some taxpayers ask?  Yes!  The irs.gov website provides the below information to help you.  Maybe this will just make a small difference so that you don’t owe the IRS this year.  Tell us your situation with dependent college students and connect with other n the same situation here.  Make a comment here and check back soon to see if others are in the same boat.  Also, you might want to try a search here to get info about college credit, specifically those that use IRS Form 8863 which have caused major delay earlier in this tax season for many taxpayer, many of whom are still waiting for their refund after the H&R and IRS glitch.

Certain Children Under Age 19 or Full-Time Students

If a child’s only income is interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends), the child was under age 19 at the end of 2012 or was a full-time student under age 24 at the end of 2012, and certain other conditions are met, a parent can elect

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Why haven’t you filed your return yet if you are expecting a refund?

Why haven’t you filed your return yet if you are expecting a refund?

It’s April 15th and unless you live under a rock, you should know that this is Tax Day!  One might think that if you are expecting a refund, you would file before the April 15th deadline. But there are many reason that people who don’t owe taxes might need an extension and below is the information about extension from irs.gov website.  But if you happen to stumble upon igotmyrefund.com and owe taxes, we do  primarily serves people hunting a REFUND, but we welcome your input.  Maybe you adjusted your witholdings and ended up owing and have the question, “why do i owe taxes this year, but always got a refund in the past?”, or “what should I do to not owe at the end of the year?”  “Should I adjust my witholdings?”  “How to get a tax refund?”

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Interest on Tax Refunds not recieved

According to the IRS.gov website, this outlines the topic regarding Interest on refunds which is often asked at IGMR.  You can connect here with other people and share your comments and experience regarding interest on refunds if you have not received it within 45 days after the date on your return.

Interest on Refunds

If you are due a refund, you may get interest on it. The interest rates are adjusted quarterly.

If the refund is made within 45 days after the due date of your return, no interest will be paid. If you file your return after the due date (including extensions), no interest will be paid if the refund is made within 45 days after the date you filed. If the refund is not made within

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Unpostable IRS Error

An unpostable transaction happens when your return is unable to be posted to the master file. It can happen for many reasons. It usually takes about 6-8 weeks to close the open unpostable according the IRS Unpostable section of the Internal Revenue Manual (IRM) 21.5.5 Unpostables. After something is identified as unpostable an error resolution … Read more

CP05

Go to this page for more information about the CP05 Notice.

IRS Letter 12c

According to the IRS, Letter 12c is a Submission Processing Notice.

  • Pre-printed notice indicating your return has been received
  • The letter has check boxes to indicate information needed to process the return.
  • The letter will explain what documents/forms are to needed.
  • Return has not been processed and the Integrated Data Retrieval System (IDRS) indicates a 12c has been sent to the taxpayer.
  • Reps will encourage you to return the requested information.
  • After you return the notice with requested information, your return will then be treated

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IRS Form 8863 Education Credits

IRS Form 8863

On Thursday, Feb. 14, 2013, the IRS plans to start processing Tax Year 2012 returns that contain IRS Form 8863 Education Credits. That is, according to Katrina, one our of IGMR users spinning in circle to figure out when she will get her tax refund. It’s usually a great thing if you qualify for education tax credits or deductions, and many students get to bump their refunds or reduce their tax debt a smidgen with this tax benefit. The early filers who flock to igotmyrefund.com and our Facebook page are starting to question whether this tax benefit was worth the hassle and say the hold up by the IRS this year for those who used the 8863 to file has put them through processing hell.

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Bart’s Thoughts

One year we had a user named Kelly that shared her thoughts on the tax season and created a following of her own. Another year we had a user BartD who has created a following of his own…which we support! Who is Bart? According to Bart he has a masters in computer engineering and computer programming and helped build the software and processing system you all are complaining about! So share your thoughts and questions for him here!

Always remember, the information we provide is purely speculative. We derive our information from personal experiences and comments made in our chat rooms and forums. We attempt to maintain the most relevant and accurate information available. However, we are neither responsible for false information nor the timeliness of refund status and delivery.

Click here to Search and Read Archives of Bart’s Chat History

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IRS LTR 4883C, Potential Identify Theft

  Taxpayers expecting refunds this season are instead receiving various notices from the IRS after filing. The IRS “communicates” with taxpayers to address the ever increasing cases of people that may be affected by identity theft. What the IGMR Grapevine has learned about IRS LTR 4883C, Potential Identify Theft in Original Processing: “We will not … Read more

Tumbling about Your Tax Refund?

 

Where's My Refund?The IRS has joined us in social space.  We have another avenue to gather information and get answers about tax refund. The IRS Social Media gurus are making an effort to distribute information to taxpayers by adding platforms that work for you. Is Tumblr the first thing you open in the morning? IRS will be using the Tumblr platform to share photos, videos and more to help taxpayers get the information they need. Although we hope igotmyrefund.com is the first bookmark you click on each morning (we will even take second to Facebook or the News), we want you to get the information you need during tax season when emotions are high and you are hunting for answers. Get tax tips, announcements, and important tax notices with the IRS social platforms and share what you learn here, at the internet’s original Refund Grapevine!

For more info on ways to connect with the IRS, visit their New Media page.

Here are just some of the valuable resources at your fingertips:

    IRS2Go, YouTube, Twitter, Tumblr, Facebook, Podcast, e-News (one of my personal favorites) are some great ways to feed your Refund OCD! Connect with the IRS today and get the facts Happy Refunding!

Subscribe to IRS Newswire

IRS Press Briefings

2013 Fact Sheets

Latest IRS News

Source: IRS Tax Tips Issue Number: Special Edition Tax Tip 2013-04

Please remember the following message from the IRS — “Remember, to protect taxpayer privacy, the IRS only uses social media tools to share public information. IRS does not answer personal tax or account questions. You should never post confidential information, like a Social Security number, on social media sites.”

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Will You Need a Taxpayer Advocate (TA) for IRS help?

Prayer method. Hope. Sometimes it’s what carries us through tax season. I hope that people will not need IRS help to navigate a tax fiasco that some taxpayers experience. If you need IRS help, there is an agency within the IRS that is designed to help and protect you. All taxpayers have rights. You can … Read more

What days of the week does IRS process deposits?

What we have found so far: There has been mention that this year IRS will process direct deposits daily, excluding SUNDAYS. So depending on your financial institutions posting policies, taxpayers may see deposits on Mondays, Tuesdays, Wednesdays, Thursdays, Fridays and Saturday. IRS Refund Cycle Update: You can usually estimate when you’ll get your IRS refund … Read more

When is Where’s My Refund Available?

IRS Where’s My Refund tool is scheduled to be available when the floodgates open for taxpayers each year around the third week of the year. We closely watch when the tool is working and when it isn’t because it seems to have a downtime pattern. The IRS has posted information about the WMR tool’s availability … Read more