Tax filing season begins with important changes to filing protocol
He says if you’re going through a tax preparer, you’ll need some extra documentation for your 2017 appointment.
The Internal Revenue Service and its private-sector partners have announced the 2017 opening of Free File, the free tax software preparation program that gives eligible taxpayers a dozen options for brand-name products. If taxpayers from such states could no longer claim the deduction, they’d effectively face a tax hike, although that would be offset to some degree by proposed cuts in tax rates. Trump hasn’t called for outright scrapping of the deductions, but his tax blueprint calls for making the deduction more hard to itemize on federal returns.
ADOR plays an important role in preventing state revenue and your money from ending up in the hands of criminals.
The delay is created to give the agency more time to screen the returns for fraud.
Hackers reportedly not only stole SSNs but also other personal data and accessed millions of completed tax returns.
The Oregon Board of Tax Practitioners for tax preparers: www.oregon.gov/obtp. It’s available 24 hours a day, seven days a week. More questions can be answered here: 1-800-323-4400.
Beshear and his Office of Senior Protection and Mediation recommends these tips from fraud.org to help Kentucky families avoid falling victim to tax-related identity theft. You will soon be able to download the new Alabama eID mobile app, powered by MorphoTrust USA.
Did you go job hunting in 2016? Use paperclips, not staples, if filing a paper return. Bonus – your eID-verified return will be processed more quickly.
More than 153 million individual tax returns are expected to be filed this year. Here’s everything you need to know about the federal deadline and when and how you have to pay Uncle Sam. Sign up for MAT at www.myalabamataxes.alabama.gov.
If you get a call or e-mail asking for financial info, think twice.
Besides the delay for some filers, Dickson said because of the election there was probably not enough time for Congress to focus on making any other tax changes. Families can get assistance with the new ACA requirements which include reconciliation of the tax premium credit and assessment of the shared responsibility payment as part of the federal tax return.
How long will it take?
Returns filed electronically may take a minimum of four weeks to validate and process. “Even with these significant changes, IRS employees and the entire tax community will be working hard to make this a smooth filing season for taxpayers”.
Reminder that due to the Emancipation Day holiday the deadline to file is Tuesday April 18th.