The popular “Where’s My Refund” feature on the IRS website allows you to see the status of your refund after filing your income tax return.
DiSabatino CPA Blog
Don't delay in renewing your Individual Taxpayer Identification Number (ITIN) if it's set to expire at the end of 2018.
The end of tax season is approaching and if you’re getting a refund, here are four useful tips to know.
Per the IRS, in 2011 approximately 1 million tax returns represented $1 billion in unclaimed refunds. As unlikely as this sounds, losing a refund could happen to you or someone you know. Here are some common causes of missing out on your full refund.
In this issue:
- There is still time for Retirement Funding
- Maximizing Your Refund Power
- So You Think You are Hip
- The Benefits of a Sole Proprietor
The Month of February:
- Receive all 1099s and W-2s
- Set up Tax Appointment
- Rebalance Investment Portfolios
- February 14th: Valentines Day
- February 16th: Presidents Day
You can receive your income tax refund in several ways: (1) direct deposit into a single checking or savings account, (2) direct deposit split into up to three different accounts in up to three different U.S. financial institutions, (3) via a paper check, or (4) purchasing up to $5,000 U.S. Series I savings bonds. Split deposits need not be in equal amounts, though buying savings bonds must be done in multiples of $50. You can't split your refund between a direct deposit and a paper check. For direct deposits, verify that your financial institution accepts such deposits, and verify account and routing numbers.
If you're short on cash to fund an IRA contribution this year, Uncle Sam may effectively lend you the money.