Seeing the message “your tax return is still being processed” after filing can be worrying. What does it mean? Should you panic that your tax refund is delayed or worse? While an unsettling status update, there’s no need to fret just yet. We’re here to walk you through what that processing message means, time frames […]
Saving money brings joy to most everyone’s heart, especially in today’s economy. If your next vehicle purchase happens to be electric, you’re in luck—the federal government wants to reward you with cold, hard cash. The electric vehicle (EV) tax credit offers $7,500 back in your pocket for buying certain EVs. Whether splurging on a Tesla […]
Life as a new U.S. immigrant comes with challenges, including navigating complex tax laws without a Social Security Number (SSN). Luckily, the IRS offers a pivotal alternative—the Individual Taxpayer Identification Number (ITIN) application. Though not a work authorization, submitting an ITIN application and getting an ITIN helps non-resident aliens comply with mandatory filing rules, smooth […]
Have you ever filled out your federal tax return, excited to get your refund, only to find it was less than you expected? An upset stomach, a furrowed brow, denial—the emotions can run high. But before you panic, understand that the IRS may have needed to take a portion of the refund. Don’t worry though, […]
Have you ever looked at your W-2 form and wondered what those mystery codes included in box 14 are all about? If so, you’re not alone. Box 14 is something of an enigma for many taxpayers when tax season rolls around. But don’t let the obscure letter and number combinations throw you off. Understanding W-2 […]
Staring down the barrel of a massive IRS tax debt can feel utterly paralyzing. Perhaps you owe more than you could ever hope to pay back. Wage garnishments and property liens loom – your panic levels rising. But before waving the white flag, know this: The IRS does not want to play debt collector any […]