Roughly a million low-income taxpayers aren't filing a tax return each year, potentially leaving behind about $1 billion in tax refunds, according to the Internal Revenue Service.Read More >
Joram Borenstein.Read More >
ORLANDO, FLA. – As snow continues in many parts of the country, travelers are ready to escape to warmer weather and sunny destinations, according to AAA. Warm destinations offering fun-filled activities for families will experience the largest influx of travelers this spring season, followed by ever-popular vacation destinations Washington, D.C., New York City, Seattle and San Francisco.
If the IRS owes you money and you want it quickly, file an electronic return. “You can get your refund back generally within 20-21 days, versus maybe four to six weeks,” says Bob Meighan with the tax prep firm TurboTax. Accountant Janice Hayman says if you want to find out more about money you’re owed, go to the main page at IRS.gov and look for a specific section on the website. “’Where’s my refund?’ … It’s right on their main page,” says Hayman. “You just need to know the amount of your refund and your own personal information.” However, just because you get a refund check fast doesn’t mean you won’t hear from the IRS later. “There could be a delay of almost 18 months before a notice reaches you,” said Hayman. “We call that the CP2000: Notice of Proposed Changes.” By the way, any questions the IRS has about your return would come by U.S. mail, not via a phone call or email.Read More >