Flash Tax

01/18/2022

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01/06/2018

The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February.

The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will be April 17 this year – so taxpayers will have two additional days to file beyond April 15.

Many software companies and tax professionals will be accepting tax returns before Jan. 29 and then will submit the returns when IRS systems open. Although the IRS will begin accepting both electronic and paper tax returns Jan. 29, paper returns will begin processing later in mid-February as system updates continue. The IRS strongly encourages people to file their tax returns electronically for faster refunds.

The IRS set the Jan. 29 opening date to ensure the security and readiness of key tax processing systems in advance of the opening and to assess the potential impact of tax legislation on 2017 tax returns.

The IRS reminds taxpayers that, by law, the IRS cannot issue refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February. While the IRS will process those returns when received, it cannot issue related refunds before mid-February. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb. 27, 2018, if they chose direct deposit and there are no other issues with the tax return. The IRS also reminds taxpayers that they should keep copies of their prior-year tax returns for at least three years. Taxpayers who are using a tax software product for the first time will need their adjusted gross income from their 2016 tax return to file electronically. Taxpayers who are using the same tax software they used last year will not need to enter prior-year information to electronically sign their 2017 tax return. Using an electronic filing PIN is no longer an option. Taxpayers can visit IRS.gov/GetReady for more tips on preparing to file their 2017 tax return.

Get ready today to file your 2017 federal income tax return.

12/19/2017

12/18/2017

Optional tax-refund loan provided by MetaBank®, not the actual tax refund. You can efile without applying. Fees for other optional products may apply. Loan amounts of $500, $750, $1000, $1250, or $1500. Loan deducted from tax refunds and reduces amount paid directly to taxpayer. Availability and loan amounts subject to eligibility, underwriting conditions, and locations.
ALSO available you can apply for an additional $1,000 interest bearing loan. Please call 859.261.1040 or check out our website for more details. Offer begins first day of filing through February 28, 2018

08/29/2017

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Note:  To search for other information on the IRS website, please use the site search located on the top right of your screen.

07/28/2017

Students and teenagers often get summer jobs. This is a great way to earn extra spending money or to save for later. The IRS offers a few tax tips for taxpayers with a summer job:

04/19/2017

WASHINGTON — The Internal Revenue Service has created a special new page on IRS.gov to help taxpayers determine if a person visiting their home or place of business claiming to be from the IRS is legitimate or an imposter.

04/10/2017

Internal Revenue Service (IRS) Commissioner John Koskinen has advised that up to 100,000 taxpayers may have been compromised as thieves attempted to access info using the Data Retrieval Tool (DRT). The DRT allows students & their parents to transfer tax data to a financial aid application.

04/04/2017

Private Collection of Some Overdue Federal Taxes Starts in April; Those Affected Will Hear First From IRS; IRS Will Still Handle Most Tax Debts

02/04/2017

IRS Forms 1099 dovetail with your Social Security Number, so you have to report them on your taxes. But, what it the IRS thinks you received more than you did?

01/25/2017

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