The IRS issue most refunds in less than 21 calendar days. However, if you mailed your return and expect a refund, it could take four weeks or more to process your return.

It's possible your refund may take longer. Also, remember to consider the time it takes for your financial institution to post the refund to your account or for you to receive it by mail.

You can file taxes anytime between the time the IRS opens- Jan.10 and Tax Day- April 15. It’s important to note that you can prepare your taxes anytime, but you can only file your taxes when the IRS opens. For 2024, the tax deadline is April 15.

Of course, if you need more time, you can file an extension by Tax Day. Filing an extension gives you six more months to file your tax return. Learn how to file an extension here.

There are several checkpoints for determining who you can claim as a dependent. The must be a United States citizen, resident, or national. They must be filing single or married filing separately. And you must be the only one claiming them on your return. You can claim family members, foster children, and even adopted children.

For a more detailed list of requirements, read Who Can I Claim as a Dependent?

If you’ve already e-filed or mailed your return to the IRS or state taxing authority, you’ll need to complete an amended return. You can file Form 1040X through SOS Accounting Services. Additional fees may apply.

If income taxes are owed, filing a tax return is required and failing to file is punishable by up to a year in jail. However, if no income taxes are owed or a refund is due, filing is not a requirement. So, the answer to this question really depends on if the taxpayer owes income taxes.

If your gross income amounts to more than the standard deduction amount for your filing status, then you are typically instructed to file a tax return. If you fail to file a tax return and you owe taxes, you can face failure-to-file penalties. There are also failure-to-pay penalties for not paying taxes owed in full, although they're generally less than those penalties for failing to file. For this reason, even if you can't afford to make your tax payment, you should still file your taxes in order to avoid late filing fees.

Read the letter/notice from beginning to end. Many situations can be easily resolved without calling our office. The letter will explain what information is necessary to send to the department and how to appeal our decision, if applicable.

Common reasons a letter/notice may be sent include (but, not limited to):

Adjusted your return

Need additional information

State received information from the Internal Revenue Service (IRS)

We need to verify your identity

You are due a larger or smaller refund

Unpaid balance

Tax season is the time of year when scammers attempt to extort money from people or steal identities by pretending to be IRS officials. The IRS provides information to assist people with identifying scams. Please refer to the links below and note that the IRS NEVER calls individuals regarding their taxes, so if someone calls you claiming to be from the IRS, hang up! It is definitely a scam. Also, NEVER email your Social Security Number or give it to someone you do not know over the phone.

If you make more than $12,000, then you are required to pay taxes–even if you are a student. And if you do not meet the income threshold, you’ll still need to file if you plan to claim any education credits or deductions.

Making an early withdrawal can have consequences. To avoid paying fees, you can choose to rollover, transfer, or convert your funds. Otherwise, you will incur a penalty.