Author Archives: Tax Expert

About Tax Expert

An e-tax professional at http://www.taxexcise.com, a product of Think Trade Inc., A BBB accredited, IRS authorized E-file service provider for all kinds of Excise taxes like Form 2290, Form 720, Form 8849 etc, my articles will reflect friendly ideologies of my company just like how friendly our e-file tax application is to them. For any queries, reach us @ 866-245-3918 or email us on info@thinktradeinc.com

IRS reminder to Americans abroad: File 2021 return by June 15; eligible families can claim expanded tax benefits

The Internal Revenue Service today reminded taxpayers living and working outside the United States that they must file their 2021 federal income tax return by Wednesday, June 15. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship.

Just as most taxpayers in the U.S. must timely file their returns with the IRS, those living and working in another country are also required to file. An automatic two-month deadline extension—until June 15—is normally granted for those overseas. Anyone who qualifies gets the extra time—they don’t need to ask for it.

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IRS seeks to offer jobs to thousands of workers this summer

The Internal Revenue Service in the latest release IR-2022-114 on June 1, 2022 about job offers to thousands of workers this summer. To boost its workforce and better help taxpayers and businesses, the Internal Revenue Service announced today that it’s looking to hire over 4,000 contact representative positions at several IRS offices nationwide this summer.

A contact representative provides administrative and technical assistance to individuals and businesses primarily over the phone, through written correspondence or in person. These full-time positions fall under a special hiring condition called direct-hire authority. Full-time, bilingual (Spanish) positions are also available. No prior tax experience is required.

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People can protect themselves from tax-related identity theft with an Identity Protection PIN

Identity Protection PINs stop identity thieves from filing fraudulent tax returns. When a taxpayer chooses to participate in this program, the IRS assigns them a six-digit number which the taxpayer uses to prove their identity when they file their tax return. This extra layer of protection provides peace of mind, especially for people who have already been a victim of identity theft.

How to get an IP PIN

The Get An IP PIN tool lets people with an SSN or ITIN request an IP PIN online after they verify their identity. Taxpayers should review the Secure Access requirements before they try to use the Get An IP PIN tool.

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Understanding taxpayer rights: The right to appeal an IRS decision in an independent forum

Taxpayers have the right to appeal an IRS decision in an independent forum. This is one of ten basic rights — known collectively as the Taxpayer Bill of Rights — that all taxpayers have when working with the IRS.

The IRS’s Independent Office of Appeals that handles a taxpayer’s case must be separate from the IRS office that initially reviewed that case. Generally, Appeals will not discuss a case with the IRS to the extent that those communications appear to compromise the independence of Appeals.

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IRS updates feature on ‘Where’s My Refund?’ Taxpayers can now track refunds for past two years

Very excited to share the recent IRS announcement under IR-2022-109, on May 25, 2022 about the new feature updated on “Where is My Refund?” online tool. As an IRS authorized electronic tax filing service provider, we always come across many questions about the taxpayers refunds and this article adds more light to the subject.

The Internal Revenue Service made an important enhancement to the “Where’s My Refund?” online tool this week, introducing a new feature that allows taxpayers to check the status of their current tax year and two previous years’ refunds. Taxpayers can select any of the three most recent tax years to check their refund status. They’ll need their Social Security number or ITIN, filing status and expected refund amount from the original filed tax return for the tax year they’re checking.

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Valuable tax benefits for members of the military

Members of the military may qualify for tax benefits not available to civilians. For example, they don’t have to pay taxes on some types of income. Special rules may lower the tax they owe or allow them more time to file and pay their federal taxes.

Here are some of these special tax benefits:

• Combat pay exclusion: If someone serves in a combat zone, part or all of their pay is tax-free. This also applies to people working in an area outside a combat zone when the Department of Defense certifies that area is in direct support of military operations in a combat zone. There are limits to this exclusion for commissioned officers.

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Here are the different ways people can pay their federal taxes

The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes.

C-Corp Businesses have until April 18, 2022 to complete a tax return and pay the taxes. When need additional time to report the tax return, the IRS grants automatic extension of time upto 6-months when you complete IRS Extension Tax Form 7004 by the actual due date. https://ExtensionTax.com support electronic filing for C-corps to receive extension of time in 3 simple steps, instantly. Likewise the Personal Extension Tax Form 4868 is also due on April 18. Act fast to push your federal tax deadlines from April 18 to October 17, today!.

April 18 Personal Extension Tax Due Date

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Reasons why some tax refunds filed electronically take longer than 21 days

Even though the Internal Revenue Service issues most refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit, some refunds may take longer.

Many different factors can affect the timing of a refund after the IRS receives a return. A manual review may be necessary when a return has errors, is incomplete or is affected by identity theft or fraud.

Form 7004 – Corporate Income Extension Tax is Due on April 18.

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IRS Free File can make tax season easier on people filing for the first time

Many people will be filing federal tax returns for the first time this year. This includes people who don’t normally file and now need to file a 2021 return to claim a recovery rebate credit or reconcile advance payments of the child tax credit. For these taxpayers, IRS Free File may be the perfect solution.

For eligible individuals who want to prepare their own taxes, IRS Free File features electronic tax preparation software providers. This program provides free tax preparation, free electronic filing and free direct deposit, which is the fastest way to get a refund. People can also directly access IRS Free File from their mobile device using the IRS2Go app.

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