Tag Archives: 2015 Tax tips

Tax Transcript Cycle Code 20151401 thru 20151405

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FAQ for Tax Transcript Cycle Code 20151401 thru 20151405 We were getting so many questions regarding the Tax Transcript Cycle Codes that we decided to split them up by week. This will make the topics easier for you to read and comment on. Tax Transcript Cycle Code Chart   You need to view the following file and check for a cycle code and 846 Refund Issued Code. To order your transcript click here! PLEASE NOTE! If you cannot access your Tax Transcript yet, you can estimate your refund date by viewing the Estimated Tax Refund Schedule here! Tax Resource Links H&R Block Customer Service (payments team) 1-877-859-7950 TurboTax Customer Service 1-800-414-5644 5:00 AM – 5:00 PM PT (Monday – Friday) IRS 800-829-1040 Jackson Hewitt 800-234-1040 Jackson Hewitt®smartcard Customer Service at (866) 518-4722 Find Your Local Tax Office http://www.irs.gov/uac/Contact-Your-Local-IRS-Office-1 Are You Experiencing a Financial Hardship Due to a Delayed Refund? If you are experiencing economic harm, believe an IRS system or procedure isn’t working as it should, or are seeking help in resolving tax problems that have not been resolved through normal channels, you may be eligible for Taxpayer Advocate Service (TAS) assistance. You can reach them at 1-877-777-4778 or TTY/TTD …

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Your Tax Refund and Offsets to Pay Your Unpaid Debts

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If you can’t pay your taxes in full, the IRS will work with you. But you should know that back taxes or certain past due debts can reduce your federal tax refund. The Treasury Offset Program can use all or part of your federal refund to settle certain unpaid federal or state debts. Here are five facts to know about tax refund offsets. Bureau of the Fiscal Service The Department of Treasury’s Bureau of the Fiscal Service, or BFS, runs the Treasury Offset Program. Offsets to Pay Certain Debts Past due federal tax debt may reduce your tax refund. The BFS may also use part or all of your tax refund to pay certain other debts such as: Past-due child and parent support. Federal agency non-tax debts, such as a delinquent student loan. State income tax obligations. Certain unemployment compensation debts owed to a state. Notified by Mail The BFS will mail you a notice if it offsets any part of your refund to pay your debt. The notice will list the original refund and offset amount. It will also include the agency that received the offset payment. It will also give their contact information. How to Dispute Offset If …

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Top Ten Tax Tips for Farmers

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Farms include ranches, ranges and orchards. Some raise livestock, poultry or fish. Others grow fruits or vegetables. Individuals report their farm income on Schedule F, Profit or Loss From Farming. If you own a farm, here are 10 tax tips to help at tax time: Crop Insurance Insurance payments from crop damage count as income. Generally, you should report these payments in the year you get them. Sale of Items Purchased for Resale If you sold livestock or items that you bought for resale, you must report the sale. Your profit or loss is the difference between your selling price and your basis in the item. Basis is usually the cost of the item. Your cost may also include other amounts you paid such as sales tax and freight. Weather Related Sales Bad weather such as a drought or flood may force you to sell more livestock than you normally would in a year. If so, you may be able to delay reporting a gain from the sale of the extra animals. Farm Expenses Farmers can deduct ordinary and necessary expenses they paid for their business. An ordinary expense is a common and accepted cost for that type of business. …

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Tax Transcript Cycle Code 20151201 thru 20151205

Tax Cycle Code Chart 20151201 thru 1205 Tavorro

FAQ for Tax Transcript Cycle Code 20151201 thru 20151205 We were getting so many questions regarding the Tax Transcript Cycle Codes that we decided to split them up by week. This will make the topics easier for you to read and comment on. Tax Transcript Cycle Code Chart   You need to view the following file and check for a cycle code and 846 Refund Issued Code. To order your transcript click here! PLEASE NOTE! If you cannot access your Tax Transcript yet, you can estimate your refund date by viewing the Estimated Tax Refund Schedule here! Tax Resource Links H&R Block Customer Service (payments team) 1-877-859-7950 TurboTax Customer Service 1-800-414-5644 5:00 AM – 5:00 PM PT (Monday – Friday) IRS 800-829-1040 Jackson Hewitt 800-234-1040 Jackson Hewitt®smartcard Customer Service at (866) 518-4722 Find Your Local Tax Office http://www.irs.gov/uac/Contact-Your-Local-IRS-Office-1 Are You Experiencing a Financial Hardship Due to a Delayed Refund? If you are experiencing economic harm, believe an IRS system or procedure isn’t working as it should, or are seeking help in resolving tax problems that have not been resolved through normal channels, you may be eligible for Taxpayer Advocate Service (TAS) assistance. You can reach them at 1-877-777-4778 or TTY/TTD …

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Many Home-Based Businesses Can Use Simplified Method for Claiming Home Office Deduction

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Taxpayers May Deduct up to $1,500 a Year The Internal Revenue Service today reminded people with home-based businesses filling out their 2014 federal income tax returns that they can choose a simplified method for claiming the deduction for business use of a home. This is the sixth in a series of 10 daily IRS tips called the Tax Time Guide. These tips are designed to help taxpayers navigate common tax issues as the April 15 deadline approaches. In tax year 2012, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed deductions of more than $10 billion for business use of a home, which is commonly referred to as the home office deduction. Introduced in tax year 2013, the optional deduction is designed to reduce the paperwork and recordkeeping burden for small businesses. The optional deduction is capped at $1,500 per year, based on $5 a square foot for up to 300 square feet. Normally, home-based businesses are required to fill out a 43-line form (Form 8829) often with complex calculations of allocated expenses, depreciation and carryovers of unused deductions. Instead, taxpayers choosing the simplified method need only complete a short worksheet in the tax instructions …

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Good Records Key to Claiming Gifts to Charity

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The Internal Revenue Service today reminded taxpayers planning to claim charitable donations to make sure they have the records they need before filing their 2014 tax returns. This is the seventh in a series of 10 daily IRS tips called the Tax Time Guide. These tips are designed to help taxpayers navigate common tax issues as the April 15 deadline approaches. For any taxpayer, keeping good records is key to qualifying for the full charitable contribution deduction allowed by law. In particular, this includes insuring that they have received required statements for two contribution categories — each gift of at least $250 and donations of vehicles. First, to claim a charitable contribution deduction, donors must get a written acknowledgement from the charity for all contributions of $250 or more. This includes gifts of both cash and property. For donations of property, the acknowledgement must include, among other things, a description of the items contributed. In addition, the law requires that taxpayers have all acknowledgements in hand before filing their tax return. These acknowledgements are not filed with the return but must be retained by the taxpayer along with other tax records. Second, special reporting requirements generally apply to vehicle donations, …

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Tax Transcript Cycle Code 20151101 thru 20151105 FAQ

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FAQ for Tax Transcript Cycle Code 20151101 thru 20151105 We were getting so many questions regarding the Tax Transcript Cycle Codes that we decided to split them up by week. This will make the topics easier for you to read and comment on. Tax Transcript Cycle Code Chart   You need to view the following file and check for a cycle code and 846 Refund Issued Code. To order your transcript click here! PLEASE NOTE! If you cannot access your Tax Transcript yet, you can estimate your refund date by viewing the Estimated Tax Refund Schedule here! Tax Resource Links H&R Block Customer Service (payments team) 1-877-859-7950 TurboTax Customer Service 1-800-414-5644 5:00 AM – 5:00 PM PT (Monday – Friday) IRS 800-829-1040 Jackson Hewitt 800-234-1040 Jackson Hewitt®smartcard Customer Service at (866) 518-4722 Find Your Local Tax Office http://www.irs.gov/uac/Contact-Your-Local-IRS-Office-1 If you have questions about Cycle Codes 20150801 thru 20150805 Please leave your questions Here! If you have questions about Cycle Codes 20150901 thru 20150905 Please leave your questions Here! If you have questions about Cycle Codes 20151001 thru 20151005 Please leave your questions Here! Need a Job? Stop Searching and Start Working ! Create Your FREE Tavorro.com profile and Get Matched …

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Tax Transcript Cycle Code 20150901 thru 20150905

Tax Cycle Code Chart 20150901 thru 20150905 Tavorro Jobs

FAQ for Tax Transcript Cycle Code 20150901 thru 20150905 We were getting so many questions regarding the Tax Transcript Cycle Codes that we decided to split them up by week. This will make the topics easier for you to read and comment on. Tax Transcript Cycle Code Chart   You need to view the following file and check for a cycle code and 846 Refund Issued Code. Codes to Look For on Your Tax Transcript To View Information about Tax Transcript Cycle Codes 20150801 thru 20150805 Click Here To order your transcript click here! PLEASE NOTE! If you cannot access your Tax Transcript yet, you can estimate your refund date by viewing the Estimated Tax Refund Schedule here! Tax Resource Links H&R Block Customer Service (payments team) 1-877-859-7950 TurboTax Customer Service 1-800-414-5644 5:00 AM – 5:00 PM PT (Monday – Friday) IRS 800-829-1040 Jackson Hewitt 800-234-1040 Jackson Hewitt®smartcard Customer Service at (866) 518-4722 Find Your Local Tax Office http://www.irs.gov/uac/Contact-Your-Local-IRS-Office-1 Are You Experiencing a Financial Hardship Due to a Delayed Refund? If you are experiencing economic harm, believe an IRS system or procedure isn’t working as it should, or are seeking help in resolving tax problems that have not been resolved …

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