Tag: IRS

Tax Identity Theft – How to Protect Yourself

It’s Tax Identity Theft Awareness Week. Why does it need its own week? Unfortunately it is an ever-growing problem. The IRS initiated 1,063 investigations into tax identity fraud in 2014. The Treasury Department reported that IRS received 1,841,144 returns in 2012 involving identity theft. Tax identity theft occurs when someone takes your personal information and […]

Help for Handling Tax Identity Theft

Ed note: We are in constant communication with our clients through Facebook and Twitter, and we hear from people every year who are the victims of tax identity fraud. We wanted to provide some information about exactly what that is, and what to do if it happens to you. So we got some help from […]

Who in Puerto Rico should file a U.S. tax return?

Ed note: H&R Block provides tax services to a wide variety of clients, including residents of Puerto Rico. We even have office locations on the island. These folks have a few complexities though – starting with whether or not they are even required to file. Leer en español. We know that every American citizen is subject […]

Check and Double Check That Tax Return [INFOGRAPHIC]

You are prepared. You collected the right documents. You prepared your tax return (or had help preparing it). You’re about to submit. What’s the last thing you do? Do a double-check. Some of the most common mistakes on tax returns are the most simple things. Here’s a quick rundown of the things you should verify […]

Decoding Form W-2 [INFOGRAPHIC]

Form W-2. If you have regular employment, this is one of the most important things you will need in order to prepare your tax return. I know many people are still waiting on their W-2, but once you get it, do you understand what information it contains? We look at the form, line-by-line to break […]

Tax Refund Delay: Separating Fact from Fiction

Did you hear that tax refunds were going to be delayed until October? Yeah, that’s false. An article on a satirical website last fall fueled controversy that taxpayers wouldn’t get their refunds until many, many months after filing. It isn’t true. However, the Commissioner of the IRS has made comments that may make it seem […]

The Most Important Thing to Know Today – E-file is Open

E-file opened today. In regular speak: the IRS began accepting electronically-filed tax returns today. Here is some basic – but important! – information for you to know. If you haven’t already prepared your return, the countdown to April 15 is on. You can come get help from one of our tax professionals, use our online […]

Smart Filing: How to Avoid Being a Tax Scam Victim [VIDEO]

Now that tax season is upon us (e-file opens Jan. 20!), you may see signs and storefronts popping up to offer you wonderful refunds without any knowledge of your situation, or they may even promise you a refund within 24 hours. Be careful when you see this. Here are seven tips to help you avoid […]

What to know before you start making quarterly payments

Ed note: If you think filing taxes once per year is miserable, filing them four times each year has to sound like the worst thing ever. However, for many self-employed people, it’s a necessity and reality. Here’s how to get started if quarterly filings are new for you.  As a self-employed small business owner, one […]

Refund Delays: What You Need to Know

Ed note: We’ve been seeing some online discussions about whether refunds will be delayed this year. So, we asked our friends at the Tax Institute – H&R Block’s tax experts who also work closely with the IRS – to interpret the situation for us. Waiting is hard. Waiting in line at the DMV, in the […]