Should I file a paper or an electronic return? If you’re due a refund and want your money quicker, opt for the latter. The IRS says if you do that and choose direct deposit as the way you want to receive your refund, it likely will be in your hands in fewer than 21 days versus six weeks or more for a paper return. … [Read more...] about 7 things to know about the IRS tax deadline on Wednesday
Help irs back taxes
Generating revenue that can sustainably fund the capex needed in these areas calls for structural reforms. The Constitution defines the functions that municipal corporations must undertake to reinforce local self-governance; but it does not establish an accountable decentralised system that creates capacity at the local level. This is evident in the BMC’s dependency on the state government for its revenues. Thirty-five percent of the BMC’s revenue income comes from the state government as compensation for octroi, which was abolished in 2017 and replaced by the Goods and Services Tax (GST) from the central government. … [Read more...] about How can the BMC help Mumbai recover?
As of May 16, the agency estimated it had a backlog of about 4.7 million paper returns. But the number that still need to be processed could be much bigger, according to a report from the Treasury Inspector General for Tax Administration. The actual number will not be known until all the mail is opened -- which could take months, it said. … [Read more...] about Taxes are due July 15. Here’s what you need to know
"We have a zero tolerance in the Internal Revenue Service for issues of discrimination. That comes from me, and every employee in the Internal Revenue Service has heard that," Rettig said. "I'd also like to say that the fact that we have a quite diverse employee base — we are stronger because we come into the room from different doors and we work together, and we care about each other, and we care about this country." … [Read more...] about IRS chief pledges to work with Congress on examining tax code’s role in racial wealth disparities
“Curiously enough, the demographic looks a lot like it would on April 15 – three out of four are getting refunds and a little bit higher depending on your location,” says Mark Steber, the chief tax information office for Jackson Hewitt. … [Read more...] about Deadline Looms For 10 Million Taxpayers Who Haven’t Filed Their 2019 Tax Returns