MI Agente TAX Services

IRS Reminder to Taxpayers Who Haven’t Filed 2013 Returns: Time is Running Out; Agency has $1 Billion in Refunds WASHINGTON The Internal Revenue Service reminded taxpayers today that unclaimed federal income tax refunds totaling more than $1 billion may be waiting for an estimated 1 million taxpayers who did not file a 2013 federal income tax return. But time is running out. To claim this money, taxpayers must file a 2013 federal tax return by April 18, 2017. The law provide...s most taxpayers with a three-year window of opportunity for claiming a refund. If they do not file a return within three years, the money becomes the property of the U.S. Treasury. The law requires them to properly address mail and postmark the tax return by April 18. Some people, such as students and part-time workers, may not have filed because they had too little income to require them to file a tax return. They may have a refund waiting if they had taxes withheld from their wages or made quarterly estimated tax payments. Some taxpayers could also qualify for certain tax credits, such as the Earned Income Tax Credit (EITC), but they need to file a tax return to claim the credit.

Finally we are expecting a big tax funding disbursement Wednesday the 22nd for refunds with child tax credits.

Have you heard theirs a penalty of up to $695 per adult for not having health insurance? On February 3 IRS disabled rule IND 069 and IND 070 and will now accept an e-filed return that does not include the penalty. Short translation: You don't have to have your fee taken out of your refund!