Tax Refund Archives - John R. Dundon II, Enrolled Agent

24 Jul Denver IRS Practitioner Meeting July 2014 – A Summary Review with Excellent References for FBAR and FinCEN Matters

Posted at 00:00h in IRS Appeal, IRS Audit, IRS Collections, IRS Criminal Enforcement, IRS Enforcement, IRS Examination, IRS Penalties, ITIN, Tax Abuse, Tax Guidance & Preparation, Tax Problems & Requests, Tax Refund

Meeting Summary as produced by IRS Senior Stakeholder Liaison Deborah Rodgers Nancy Carver, IRS Local Area Counsel Counsel continues to assist in training employees on partnership audits, and TEFRA. Counsel is also assisting in the investigations of promoters. Virtual currency is on the radar for Internal Revenue Service. Controlling...

26 Apr IRS Bills, Penalties and Interest Charges

Posted at 00:00h in IRS Collections, IRS Enforcement, IRS Penalties, IRS Penalty and Interest Abatement, Paying Taxes, Tax Guidance & Preparation, Tax Preparer, Tax Problems & Requests, Tax Refund, Tax Relief

Many people have been reaching out to me to learn specifically about what they are up against for failing to hit the tax deadline of April 15th. To help those of you in this situation I've highlighted below what I believe to be the top...

24 May Time for Claiming a Tax Refund – IRS Publication 556

Posted at 00:00h in Tax Refund

According to IRS Publication 556 taxpayers generally must file a claim for a credit or refund within 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later. If you do not file a...

13 Jan Who should and who must file an income tax return – refundable tax credits

Posted at 00:00h in Refundable Tax Credit, Tax Guidance & Preparation, Tax Problems & Requests, Tax Refund, Taxable Income

To determine if you are obligated by law to file a US tax return and pay US income taxes you should consult the instruction book that accompanies the IRS form 1040. You must file a federal income tax return if your income is above a...

26 Oct Limitations on tax credit or refund claim

Posted at 00:00h in Amended Tax Return, Appeals & Audit Resolution, Refundable Tax Credit, Tax Credit, Tax Refund, Tax Relief

TITLE 26 > Subtitle F > CHAPTER 66 > Subchapter B > § 6511 - Feb 01, 2010 (a) Period of limitation on filing claim Claim for credit or refund of an overpayment of any tax imposed by this title in respect of which tax the taxpayer...

15 Oct Homeowners Can Deduct Interest on Mortgage Loans Up To $1.1m

Posted at 00:00h in Mortgage, Tax Guidance & Preparation, Tax Problems & Requests, Tax Refund, Tax Relief, Taxable Income

The IRS today ruled that indebtedness in excess of $1 million incurred to acquire, construct, or substantially improve a qualified residence may constitute home equity indebtedness within the meaning of § 163(h)(3)(C). Rev. Rul. 2010-25, 2010-44 I.R.B. ___ (Nov. 1, 2010). In the ruling, a taxpayer who purchased...

20 Jan Buy Savings Bonds with your Federal Tax Refund

Posted at 00:00h in Tax Guidance & Preparation, Tax Refund

If you are receiving a federal tax refund from the Internal Revenue Service, you can choose to use that money to purchase U.S. savings bonds. You may use a portion of your refund to purchase up to $5,000 in U.S. Series I Savings Bonds. The total amount...

08 Apr Where is My Tax Refund?

Posted at 00:00h in Tax Refund

If you file a complete and accurate paper tax return, your refund should be issued about six to eight weeks after the IRS receives your return. If you file your return electronically, your refund is issued in about half that time — even faster if you...

Tax Refund