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Topic: Income Tax Return

IRS Has $17 Million for Tennessee Taxpayers Who Have Not Filed a 2012 Tax Return

 

Internal Revenue Service - IRSAtlanta, GA – Refunds totaling $950 million may be waiting for an estimated one million taxpayers in the nation who did not file a federal income tax return for 2012. In Tennessee, over $17 million in unclaimed refunds awaits 19,700 individuals. However, to collect the money, a return for 2012 must be filed with the IRS no later than Monday, April 18th 2016.

“Time is running out if you want to get your refund,” said IRS Spokesman Mark Green. “Taxpayers should review their 2012 statements for refundable credits and withholdings.  We want all taxpayers to get the refund they’re due.”

IRS has 17 million for Tennessee Taxpayers who have not filed 2012 Tax Return «Read the rest of this article»

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IRS says 2016 Tax Season opens January 19th for Nation’s Taxpayers

 

IRS - Internal Revenue ServiceAtlanta, GA – Following a review of the tax extenders legislation signed into law last week, the Internal Revenue Service announced today that the nation’s tax season will begin as scheduled on Tuesday, January 19th, 2016.

The IRS will begin accepting individual electronic returns that day. The IRS expects to receive more than 150 million individual returns in 2016, with more than four out of five being prepared using tax return preparation software and e-filed. The IRS will begin processing paper tax returns at the same time. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.

Income Taxes

Income Taxes

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IRS reports $12.8 Million in refunds for Tennesseans who have not Filed 2010 Income Tax Return

 

Internal Revenue Service - IRSNashville, TN – Refunds totaling more than $12.8 million may be waiting for about 16,300 Tennesseans who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must be filed with the IRS no later than April 15th, 2014.

Nationwide, almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a tax return for 2010.

For 2010 returns, the window closes on April 15th, 2014. The law requires that the return be properly addressed, mailed and postmarked by that date. «Read the rest of this article»

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IRS says more Tennesseans E-filing their own Tax Returns

 

Internal Revenue Service - IRSNashville, TN – With five weeks left before the April 15th tax filing deadline, the Internal Revenue Service reports that Tennesseans are e-filing tax returns in record numbers.

Through March 7th, the IRS has received nearly 1,469,000 electronic returns from Tennesseans, an increase of 3.8 percent over last year at this time. But the largest increase is in the number of taxpayers filing from their own computers. Nearly 712,000 Tennessee filers have e-filed self-prepared returns, an increase of 9.8 percent over last year at this time. «Read the rest of this article»

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IRS Offers Year-End Tips for Tennesseans

 

2014 Tax Filing Season to Open January 31st

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service will start accepting and processing 2013 tax returns January 31st, 2014. The delay is to allow time to update, program and properly test all systems after that process was interrupted by the government shutdown in 2013.

IRS spokesman Dan Boone said the agency expects Tennesseans to file about 3 million tax returns, with more than 2.5 million of those being filed electronically. He encouraged taxpayers to take advantage of IRS Free File, at IRS.gov, where all filers can prepare and file their returns free online beginning January 31st. «Read the rest of this article»

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Do I Need to File a Tax Return This Year?

 

Internal Revenue Service - IRSWashington, D.C. – You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive.

However, the Internal Revenue Service reminds taxpayers that some people should file even if they aren’t required to because they may get a refund if they had taxes withheld or they may qualify for refundable credits.

http://www.youtube.com/watch?v=l2Nd68wIBKE

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Five additional counties eligible for disaster unemployment assistance

 

Benefit claims must be filed within 30 days

Tennessee Department of Labor and Workforce DevelopmentNashville, TN – The Tennessee Department of Labor & Workforce Development announced Disaster Unemployment Assistance (DUA) benefits are now available for workers in Dyer, Lake, Obion, Shelby and Stewart counties as a direct result of severe storms, straight-line winds, tornadoes and flooding for the incident period beginning on April 19th, 2011, and continuing. The declaration number is FEMA-1979-DR.

“As expected, a second disaster declaration has been issued by FEMA to address the damage, destruction and hardship caused by the flood waters of the Mississippi River,” stated Labor Commissioner Karla Davis. “It will take some time and a lot of hard work to recover, but labor staff is ready to provide assistance through regular unemployment and Disaster Unemployment Assistance.”  «Read the rest of this article»

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