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Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns
Read full article: Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returnsCongressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system.
IRS steps toward a new free-file tax return system have both supporters and critics mobilizing
Read full article: IRS steps toward a new free-file tax return system have both supporters and critics mobilizingPlans by the IRS to test a new electronic free-file tax return system next year have got supporters and critics of the idea mobilizing over whether the government should set up a permanent program to help people file their taxes without needing to pay somebody else to figure out what they owe.
3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say
Read full article: 3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers saySome congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years.
Have you received your stimulus payment yet? Many still waiting due to glitch
Read full article: Have you received your stimulus payment yet? Many still waiting due to glitchMillions of Americans are still waiting on their stimulus check. If you haven’t received your stimulus payment you should contact the IRS. READ: More stimulus payment coverageCheck the status of your stimulus paymentThe IRS relaunched its “Get My Payment” tool. According to the IRS, some people received their first stimulus payment in partial payments. If you received partial payments the application will only show the most recent.
IRS gets more relief payments out after delays
Read full article: IRS gets more relief payments out after delaysThe IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. (AP Photo/Eric Gay)The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. A number of tax preparation companies said that they were able to resolve the issues. The IRS said Tuesday that it worked over the weekend to help a smaller set of impacted taxpayers and is reissuing payments for eligible taxpayers whose accounts may have been closed. No action is needed for most eligible taxpayers to get the payment.
Glitches that could hold up delivery of your $600 stimulus payment
Read full article: Glitches that could hold up delivery of your $600 stimulus paymentDETROIT – How you filed your tax return could impact how and when you receive your $600 stimulus payment. On Monday night, H&R Block posted on Facebook:H&R Block understands stimulus checks are vitally important for millions of Americans. The IRS determines where second stimulus payments were sent, and in some cases, money was sent to a different account than the first stimulus payment last spring. READ: IRS relaunches ‘Get My Payment’ tool to track $600 stimulus checksCheck the status of your stimulus paymentThe IRS relaunched its “Get My Payment” tool. The tool allows you to confirm if the IRS sent your stimulus payment.
Some taxpayers find relief payments sent to wrong account
Read full article: Some taxpayers find relief payments sent to wrong accountA number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. Some payments are also being sent via paper check or debit cards during the month of January. However, many people said that they checked the IRS site and found their payments were sent to an account they did not recognize. “We are partnering with the IRS to help taxpayers receive their payments as quickly as possible." The payments are automatic, and people should not contact their financial institutions or the IRS with payment timing questions.