Income Tax
When to Expect Your 2020 IRS Income Tax Refund
This chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed ...
Amid Impeachment Hearings, Congress Finds Time to Extend Tax Breaks into 2020
The new legislation is expected to be signed by President Trump soon after it hits his desk. Keeping that in mind, here are some of the key extensions granted by Congress right before Christmas.
Supreme Court to Rule on Trump Taxes Before Election
The appeal to the Supreme Court is the final bid in Trump’s long-standing crusade to shelter his tax returns from prying eyes. The lower courts have consistently ruled against the president in prior proceedings.
IRS Issues Final Regs on Foreign Tax Credit
Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.
Forms W-2, W-3 Due by Jan. 31, 2020
Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.
Chart Shows When to Expect Your 2020 IRS Tax Refund
The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed ...
2020 IRS Refund Chart: When to Expect a Tax Refund
One of the first and most frequent questions that tax preparers hear each year from their clients is: When will I get my tax refund from the IRS? We have the answer (estimated) in a simple chart below.
2020 IRS Income Tax Refund Chart: When Will You Get Your Tax Refund Check?
Some taxpayers can get their IRS income tax refund as early as January 31, 2020. The income tax season generally starts in late January, when the IRS officially starts accepting e-filed and mailed-in tax returns.