The Internal Revenue Service is helping taxpayers prepare for tax season by encouraging them to explore IRS.gov for guidance, tools, and resources to assist them in preparing for the filing of their 2023 federal income tax return.
The Get Ready page on IRS.gov outlines proactive steps taxpayers can take now to streamline the filing process in 2024. Later this month, the IRS plans to announce the start date for the 2024 filing season when it will commence accepting tax returns.
The Interactive Tax Assistant, accessible on IRS.gov, is a helpful tool for addressing various tax law inquiries, including:
The Earned Income Tax Credit (EITC) aids low- to moderate-income workers and families by providing a tax break. The EITC Assistant on IRS.gov helps taxpayers determine:
Most refunds are processed in under 21 calendar days. Taxpayers can use “Where’s My Refund?” to check the status of their 2023 income tax refund within 24 hours of e-filing. Refund information is typically available after four weeks for those who filed a paper return. Updates on “Where’s My Refund?” occur overnight, eliminating the need for multiple daily checks.
Taxpayers with a Social Security number or an Individual Taxpayer Identification Number can establish or access their IRS Individual Online Account to obtain necessary information for filing their return.
With an IRS Individual Online Account, individuals can:
An Identity Protection (IP) PIN, a six-digit number, prevents unauthorized filing of a tax return using a taxpayer’s Social Security number or Individual Taxpayer Identification Number. The IP PIN is known only to the taxpayer and the IRS, aiding in identity verification during electronic or paper tax return filings.
The fastest way to obtain an IP PIN is to use the online Get an IP PIN tool, available from Jan. 8 through mid-November. Taxpayers seeking an IP PIN, who do not already have an Individual Online Account on IRS.gov, must register to confirm their identity.
Taxpayers are encouraged to start their tax filing journey at IRS.gov for various options to file their 2023 federal income tax return.
While most tax return preparers offer outstanding and professional tax service, selecting the wrong preparer can have financial consequences. Taxpayers are advised to consult tips for choosing a tax preparer and learn how to avoid unethical “ghost” return preparers. The IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications can assist in making informed choices.
At Anderson, Adkins & Company, we understand that tax preparation can be a daunting task for many individuals and businesses. Our dedicated team of experienced professionals is committed to making the process seamless and stress-free for our clients. With a wealth of knowledge in tax laws and regulations, we provide personalized guidance to optimize your financial situation, while ensuring compliance and maximizing your financial well-being. Reach out to us today to get started: 706.288.2000 // .