Today is the official IRS opening day, kicking off the 2014 tax season and the IRS will now begin accepting e-filed tax returns. Some of you may have already filed your taxes and your tax return is in line ready to be processed when the IRS opens today. If you haven’t filed your taxes yet, you can go online now and easily and accurately file your taxes with TurboTax to get the biggest tax refund you deserve. Full story
The IRS announced today that it will begin processing tax returns on 1/31/14. The good news for you? TurboTax is open for business and will begin accepting tax returns on January 2, 2014! Full story
Today, Congress came to an agreement to end the government shutdown and temporarily raise the debt limit until January. Now thousands of government workers will be returning to work, including IRS personnel. Here is a breakdown of what it means to your taxes. Full story
Last night Congress passed a bill to reopen the government and extend the debt ceiling through February 7, now thousands of government employees, including IRS personnel will be returning to work. We don’t have IRS guidance regarding IRS operations yet, but we are closely monitoring for guidance and will let you know as soon as we find out. Full story
The government shutdown that took place on October 1 left everyone with questions about how the shutdown will impact them. If you are one of the many taxpayers that filed an extension, you may be wondering if the shutdown impacts your taxes. Don’t worry. We have you covered and have answers to your burning questions. Full story
After a week of severe rain storms followed by heavy flooding in Colorado, the IRS announced today that it is providing tax relief to individuals and businesses impacted by the storms. Full story
Under the new law, on or after Monday, September 16, legally married same-sex couples must now file their taxes as married filing separate or married filing jointly so if you haven’t filed your 2012 tax return yet, you still have a choice to file as married or single before September 16.
As a result of the recent U.S. Supreme Court decision to strike down part of the Defense of Marriage Act (DOMA) on June 26, the U.S. Treasury Department and the IRS announced today that same-sex couples legally married in states that recognize same sex marriage, will be treated as married for federal tax purposes. Full story
On Wednesday the Supreme Court overturned the Defense of Marriage Act (DOMA). Same-sex couples who are legally married will now be recognized by the federal government, meaning it will be easier to file their taxes among many other things.
Tax season is over and you may not think about taxes until it’s time to file next season, but did you know there are myriad of other taxes that are not just on your tax return? Most of us don’t think about that, but those taxes may tap into our wallets nonetheless. Here are just a few. Full story