Dollars & Sense Tax Services

Don't delay call me today for an appointment.

Today is the first day for E-Filing.

Gearing up for the busy season. Are you ready?

Are you getting your tax documents ready? You should be..

Getting ready for 2017 Tax season

February 24, 2015 - ACA Impact on Refunds The ACA (also known as Obamacare) was widely expected to impact refunds this year. The largest national chain recently released data describing the impact. The chain reported that 52% of taxpayers who enrolled in the federal or state marketplace are paying back a portion of the Advance Premium Tax Credit through their tax return. The average payback amount is $530. This payback is reportedly caused primarily because taxpayers used t...heir 2012 income as a baseline to estimate their 2014 income when they enrolled in the marketplace. Additionally, they report that the average tax penalty paid for not having insurance was $172. Of taxpayers who claimed an exemption, 90% were claimed at the time they filed their return. The most common tax return exemption was due to the taxpayers income being below the filing requirement. The next most common exemptions were due to a gap in health insurance coverage, or being a resident of a state without Medicaid expansion. Last Friday, the federal government announced that incorrect tax information was provided on 1095-A forms to about 800,000 consumers (out of the 6 million who enrolled in the marketplace). Of the 800,000 taxpayers receiving the incorrect form, the government says 50,000 of those have already filed their return, and that those who already filed will not be asked to repay the incorrect refund they may have received as a result of the government error.

IRS Funding Statistics Mar 02, 2015 - IRS Funding Information ... The IRS releases refunds each weekday throughout the year. To help you manage taxpayer expectations, we provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As of today, the estimated percentage of refunds not yet released by the IRS are: - for returns filed 01/12 - 02/09, approximately 10% have not yet been released by the IRS. - for returns filed 02/10 - 02/14, approximately 15% have not yet been released by the IRS. - for returns filed 02/15 - 02/16, approximately 20% have not yet been released by the IRS. - for returns filed 02/17 - 02/17, approximately 25% have not yet been released by the IRS. - for returns filed 02/18 - 02/22, approximately 50% have not yet been released by the IRS. - for returns filed 02/23 - 02/23, approximately 55% have not yet been released by the IRS. - for returns filed 02/24 - 02/24, approximately 95% have not yet been released by the IRS. - for returns filed 02/25 and beyond, the IRS has released very few refunds.

ALERT on my software: We are bracing for a delay in filing 2014 taxes. It could be mid February before filing will open.

Every year it becomes harder to do. This ____ is deep. I am in it knee deep to the end of time.

Today is the first day for transmitting returns! Im so happy!

IRS Funding Statistics Feb 26, 2013 - IRS Funding Information ... The IRS has now paid many of the EITC returns filed in the first two weeks of the season that it previously delayed. The IRS releases refunds each weekday throughout the year. To help you manage taxpayer expectations, we provide the percentage of refunds that have not yet been funded by the IRS. We update these funding statistics at approximately 2:00pm eastern each weekday throughout the year. As of today, the estimated percentage of refunds not yet released by the IRS are: - for returns filed 01/23 - 01/29, approximately 10% have not yet been released by the IRS. - for returns filed 01/30 - 02/02, approximately 15% have not yet been released by the IRS. - for returns filed 02/03 - 02/13, approximately 20% have not yet been released by the IRS. - for returns filed 02/14 - 02/19, approximately 25% have not yet been released by the IRS. - for returns filed 02/20 - 02/20, approximately 95% have not yet been released by the IRS. - for returns filed 02/21 and beyond, the IRS has released very few refunds.