Category Archives: Tax News

IRS Protecting Personal Data on Tax Returns

  The campaign, which will continue beyond the period of April tax filing, was announced today at an event sponsored by the Federation of Tax Administrators event, made by state tax agencies nationwide. The effort is part of the Security Summit, a collaborative effort initiated in March between states, the IRS and the tax industry. The… Read More »

Using a PIN to File Tax Return Electronically

If you file your tax returns electronically using software to file online, you must sign the tax return using the method of self-signed personal identification number ( PIN).This method allows taxpayers to electronically sign your tax on personal income by selecting a PIN five digits.   Using PIN to file Tax The PIN consists of five digits (excluding all zeros)… Read More »

IRS Information and FAFSA Form for College

Students applying to college and their parents generally need to supply tax information on the FAFSA for financial aid.   IRS Information and FAFSA Form for College The Internal Revenue Service (IRS) is helping to reduce the time spent preparing the Free Application for Federal Student Aid (FAFSA) by the automated access to federal tax… Read More »

Preview of 2014 Earned Income Tax Credit Table

Earned Income Credit 2014 table Earned Income and adjusted gross income (AGI) must each be less than: $46,997 ($52,427 married filing jointly) with three or more qualifying children $43,756 ($49,186 married filing jointly) with two qualifying children $38,511 ($43,941 married filing jointly) with one qualifying child $14,590 ($20,020 married filing jointly) with no qualifying children  … Read More »

Government Shutdown and 2013 Tax Refund Delays

The government shutdown that occurred in October 2013 will likely have effects on the 2014 tax filing season and will push tax refunds from 2013 further back into 2014. The IRS announced that it would not start processing 2013 tax returns until January 31, 2014.   Government Shutdown and 2013 Tax Refund Delays This is 10… Read More »