This past year, the "Earn It, Keep It, Save It" coalitions 854 tax volunteers electronically filed 20,969 federal income tax returns.
The IRS announced it will hold refunds for tax payers claiming the Earned Income tax credit or additional child tax credit until February 15 to give the agency more time to detect fraud. The 33-year-old Baltimore resident said she used to spend frivolously, but thanks to Baltimore CASH Campaign, started putting more money, including her most recent federal tax refund, into savings bonds. Tax refund advances are actually loans from your preparer, and like nearly any loan, will cost you additional fees to receive.
Baltimore CASH Campaign held a tax season kickoff event on Friday to raise awareness about its free tax-filing services and the Earned Income Tax Credit, a program to aid working families. Anyone filling out and returning that fraudulent form will be giving up everything the bad guys need to know to steal their identities, claim any actual tax refunds due them from the IRS, and drain their bank accounts.
"Last year, 26,000 Detroiters left $80 million in Washington, D.C.in unclaimed refunds", Duggan said.
That means all taxpayers who filed error-free tax returns past year should have received their tax refunds, or their refund checks would be in the mail.
E-filing offers advantages not available to taxpayers filing by paper, including error-reducing automatic calculators, instant confirmation of successful filing, faster refund processing and direct deposit options.
To get this filing help, taxpayers can visit one of the more than 12,000 community-based tax help sites that participate in the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs.
"Most tax preparers provide honest and reliable services, but unfortunately we have to be on guard for those who do not".
There are several obvious problems with this request, not the least of which is the fact that 1040EZ forms are filed by individual taxpayers, not their employers, and not every taxpayer will even be using the 1040EZ form to file with the IRS. That will include increased information sharing between state and federal agencies, as well as between tax industry leaders.
If you move after filing your return, contact the IRS right away. It is a trip full of joyful experiences that make the corresponding aggravations worthwhile, and it comes with many benefits - some of which are tax-related. Filing online is free with the IRS. Or download the IRS2Go app on a smart phone. The bad guys likely chose this particular form to spoof because most tax payers would likely not be familiar with it and therefore would be less likely to suspect something was amiss. Alerting the National Association of Enrolled Agents, the National Association of Tax Professionals and other professional groups might also spark an internal investigation if the preparer is a member, Evenstad says.
When it comes to a tax season timeline, by January 31st, all W-2 tax forms must sent out to employees. Doing so will help avoid refund delays and the need to file an amended return.