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Tax refunds face a delay
WASHINGTON – President Bush on Monday pushed Congress to pass a one-year fix to the alternative minimum tax, which threatens to hit 23 million federal tax filers, warning that failure to do so could delay tax refunds next year. The alternative minimum tax, or AMT, is calculated alongside the income tax, with the taxpayer paying [...]
2008 IRS eFile Refund Cycle Chart
The IRS does not guarantee a specific date that a refund will be deposited into a taxpayer’s bank account. IRS Acceptance Date(by 11:00 am) between…
Tax News for November 2007
Honda Hybrid Begins Phase-Out on January 1 IR-2007-191, Nov. 19, 2007 — The IRS announced today that American Honda Motor Company, Inc, has submitted quarterly reports indicating that its cumulative sales of qualified vehicles to retail dealers reached the 60,000-vehicle limit during the calendar quarter ending Sept. 30, 2007. IRS Reminds Charities and Churches of [...]
Track Your Refund
Wondering where your refund is or when you can expect to recieve it? The IRS should issue your refund check within six to eight weeks of filing a paper return. If you use e-file and you chose to receive your refund through direct deposit, you should receive it within a week. If you use e-file [...]
