Things That Makes a Tax Refund Delay

The IRS says it sends the most reimbursements within 21 days after the filing of a full tax return, but some factors can prolong the process. Below, you will find five of the most common reasons why you should wait longer for your money.

  1. Claiming Earned Income Credit or Additional Child Credit

According to the IRS – Two tax credits: Earned Income Credit, for low and middle-income households, and additional child credit, are two of the largest sources of fraud on tax returns. Both are reimbursable, which means that they are occasionally larger than one’s tax liability, making them the scammers’ favorites. As of 2018, the agency says that it will take forceful action against people who claim deceptively. Unluckily, this more rigorous test means a longer waiting time, even for those who file exactly. Whether you want a tax refund timely, it is one more reason to do it early.

  1. Errors and Omissions

More taxpayers than ever use software to complete their tax return, which helps detect many possible errors. However, filers, especially those who submit a request physically, still need to be careful to get all the correct information when they need a quick return. Incorrect social security numbers for dependents and wrong calculations such as can re-torment respondents. If you choose to deposit your statement directly into your bank account, you should check your account and route numbers again: a single incorrect digit could stop your money for weeks or even months.

  1. Filling Late

The IRS is flooded with the filings at the end of the tax season, so if you wait until the last moment, your refund could take a while. Filing soon helps you avoid that trap. One more compelling reason to send your return in advance is that the longer you wait, the more probable you are to be embattled by scammers who can try to use your social security number to claim an illegal refund. Click here.

  1. Using the E Schedule

Exhibit E allows filers to report any gains or losses on real estate, S corporations, and trusts. The problem is that several respondents use the form to illegally hide Uncle Sam’s income. The IRS responds by handing out those returns with greater scrutiny. Therefore, when you are a Schedule E user, do not be surprised whether your tax refund takes longer than other taxpayers.

  1. Using a Paper Form

Different electronically filed returns that go directly to the IRS database; printed forms must be entered manually. The result is a refund that may take up to 6 weeks, approximately twice providing electronic documents. When you still cling to a pen and paper, a change to the software is one of the simplest ways to speed up your tax refund.


Several factors can make it difficult for the IRS to process your return, for example, having errors in your filing or claiming specific credits that are favored by tax cheaters. Your best bet if you want a quick refund is to make an advance presentation and ensure that the information you provide is completely error-free. To find out more, check out

If you’re fortunate enough to end up with a big tax refund this year

one thing you might want to consider using it for is the purchase of a new car. While it’s true that if you’ve bought a late model car in recent years you can save money by continuing to drive it for as long as it remains in good working order, new cars have a lot to offer in terms of resale value, up to date technological advances and safety features, and reliability. Buying a new car can be a daunting process, especially if you haven’t done so in a long time. The best way to rise above the hassle of pushy sales people, confusing financing deals, and an overwhelming variety of choice in makes and models is to research your purchase thoroughly beforehand and make a plan of action that you can follow to achieve the goal of driving off the dealer’s lot in a car that you wanted, bought for a fair and reasonable price.


Online car buying websites can be a great resource to start with. You can start narrowing down the list of cars you’re interested in, making determinations based on your needs, the size of your family, and what you need the vehicle to be able to do. If you have a construction or landscaping business, you probably need a good-sized truck; if you have a growing family, you probably want a safe and roomy vehicle; if you’re on your own maybe you can get away with buying the sleek, sporty car you’ve always dreamed of. These websites can direct you to local dealerships, inform you with professional and amateur car reviews, and help you determine a fair price for the car you want to get.


Another very helpful thing you can do for yourself is get financing beforehand, from a bank or lending institution that you choose. This way you can take the time to select a loan with the terms and interest rate you want, and won’t be pigeonholed into accepting a less than ideal loan under the dealership’s terms. With a loan already in hand, you can take your money to the dealership of your choice and negotiate from a position of strength and flexibility.


Make sure you visit more than one dealership in order to ensure you’re getting the best possible price for the car you want. You may also be able to play one dealership against the other to bargain the price down. This is the part of car buying that many people shy away from, but if you approach it with knowledge and confidence you can save money by being willing to play hardball and walk away from the table if you aren’t satisfied.


Car buying takes time, thought, and effort, but it doesn’t have to be a painful experience. Just do your research and have some confidence in your ability to negotiate, and you can end up with the car you want for a great price you’ll be happy with.

5 Smart Ways to Use Your Tax Refund This Year

Even when we expect our tax returns to bring a refund, most of us dread preparing for the tax deadline. The arcane tax varieties, instructions few can decipher and our ever more sophisticated financial situations make each year’s come back appear more painstaking than the previous.

Instead of succumbing to impulse, consider these five options for making the personal savings you accumulated this past year enable you to get greater financial security and satisfaction in the a long time.

Pay Down Debt

When you have high-interest personal credit card debt, placing your tax refund check towards paying it off will probably give you increased returns than any other option. That’s since when the balance you owe to credit card companies goes down, the eye (or fund charges) you need to pay on that credit debt also goes down. Based on your interest, you’ll be saving anywhere from 10% to 29% per calendar year in interest on any portion of your balance that you have the ability to wipe out. The easy act of using your refund to repay an extra $1,000 of arrears this year could save you hundreds of US dollars in future funding charges.

Fund Your Emergency Savings

If you’re fortunate enough to not have any credit-based card or other high-interest debts, put yourself in a stronger position to stay doing this by adding your refund look into your emergency savings account. This special checking account will help you to cover any expenditures in case of a crisis, such as being let go from work or confronted with unexpected medical charges.

Save for Retirement

If your credit card debt is non-existent and you’ve got several months’ worth of bills saved up, consider yourself ahead of the pack. To reinforce your financial position even more, consider putting your tax refund check into a Traditional or Roth IRA. If you don’t currently have an IRA set up, why not use this possibility to start one?

So long as you meet certain income requirements as described by the IRS, you’re entitled to start a Roth IRA even if you already have a 401(k), 403(b), or other employer-sponsored retirement living plan.

Invest in Real Estate

If you don’t yet own your own home but would like to someday, this is the time to get started on working toward that goal. Having discovered the lessons of the casing bubble, over the next few years, many potential house buyers will maintain a great position to use advantage of frustrated real estate prices and non-predatory lending options. If you’re already a mortgage holder, paying down your mortgage main early can help you save profit interest. Consult with your mortgage lender to see what early on payoff options can be found under your loan conditions. See more this

Take up a College Savings Finance

It’s never too early to start saving for your children’s tuition bills. The sooner you start, the less you’ll need to save, because substance interest and time can do much of the work for you. If you happen to conserve four years’ price of tuition early on, you can always start placing your extra cash towards college cash for books, personal computers and so on. A tuition cost savings plan, called a section 529 plan, gives you to prepay trained higher education bills at eligible establishments. For more information:

Business Start Up Tips

Have you developed a product or service that meets a market need? That’s the starting point of launching a success business. The people you select to work alongside you in your venture and the process you institute for bringing that product to market are the three components of a successful business. These each need to be flushed out by developing a detailed business plan. Whether you’re seeking venture capital, a bank loan or are self-financing, if you don’t have a blueprint for your business you won’t have a chance for success. Identify a mentor or assistance from your local entrepreneurial initiative, Chamber of Commerce business start-up assistance program or your personal network. While there are a myriad of websites that identify best practices for developing a solid business plan, nothing can replace the value of battle tested advice.

The first step is to identify the costs for bringing our product or service to market. These include raw material costs, production costs, marketing and sales expenses. Test your product within the demographic and target market you have identified for maximum pricing levels. The sales prices must be such that your production and delivery costs are covered and a large enough spread remains to establish profitability once an identified scale has been reached.

Most small business use their website as their core of their brand, messaging and marketing for their product or service. Choose wisely when engaging a web development company. Options and costs vary widely. Protect your website domain name. Take advantage of the awesome deals offered by Groupon coupons and invest in one of the many hosting options offered by the professionals at

Recognize that you cannot be a master at every task. While you may be an exceptional engineer, that does not mean you’ll make a great salesperson. Do know that the people you engage to represent your company also represent you. Insist on the absolute highest ethical standards and implore your staff and sales people to never make promises they cannot deliver. Have them first own mistakes, and then correct them. This is all part of the growth process for emerging companies. Keep your eye of the bottom line, watch costs and treat your customers like gold. Best of luck to you as you launch your successful start-up venture!

Pay Down Debt With Your Tax Refund 

 If you’re one of the lucky people to get a sizeable tax refund this year, you could be wondering what the best use of that money is! Our first thoughts always stray to luxury items like televisions or just hitting the mall, but one of the better uses of your money is to use your hard earned tax return money to pay down any debt you may have accrued (especially during the holiday season!).

Sometimes called a credit or holiday hangover, people tend to have the most debt directly after the holiday season. In fact, scientists have figured out the most depressing day of the year and it is when the holiday credit card bills start to roll in! A lot of time, this holiday hangover is related to a lack of pre-planning or saving prior to the holiday season, or overspending on what you had originally planned to do. Most of this extra spending will be put on a credit card

However, especially if you’re among the people who get the Earned Income Credit on their tax return, you may be set to get a significant tax refund from February to April. Before you’re tempting to waste it all on things that might sound good but that you don’t necessarily need, take a look at your credit card bills. Don’t just pay the minimum! If possible, pay off the entire balance and then plan better next year. If you have leftover money, then buy that television or go to the mall and get new clothes!

There are some ways to help budget better for the holiday season, as well, so that your entire tax refund can be earmarked for more fun things in 2018, like vacations or luxury items! Try putting a small amount away every paycheck, preferably in a “Christmas Club” savings account that can’t be touched until December. This ensures that you have that money when you need it and you aren’t tempted to dip into it during the rest of the year. Also, it’s helpful to establish a budget. This can also help you to see if there are any expenses that you can cut back on to increase your savings. There are many budgeting programs and applications you can download onto your phone that can help you tackle this seemingly enormous task (Mint is a good one). Once you know what you’re spending, you can prioritize your bills and extras.

If you don’t have any holiday debt (congratulations!), try to use your tax refund from your 2017 tax return to pay some of your bills ahead before splurging. Cable, internet and cell phone bills, as well as mortgage payments, can all be paid a few months ahead so that you can direct that money towards savings or a higher payment on your credit cards.

Please visit for additional tips and information on how to really make the best use of that tax refund money from your 2017 tax return!

Getting your tax return done right the first time around

this-form-you-should-use-to-file-your-income-tax-return-630x389_20150916184616_pfWhat can now be done for you to get your tax refunds ready to be collected as soon as possible? There are a few tips that are going to help you get the whole thing done as soon as it can possibly be. The sooner you get them fixed, the better, after all you will not have to deal with the possible issues if you have everything ready before the time comes. That is why we have some very useful tips for you to follow and get your tax refunds right the very first around.

Separate documentation and get papers right before everything starts

Before everything starts, you have to separate documentation and get papers right as like as: Receipt of payment dentist, doctor, physiotherapist.Banks slips, payment of domestic items; receipts of private pension plans, registration, full address, age proof of payment and health plan, bank statements and bank vouchers. Check possible sale and purchase of goods. Stock movement forms. In late February, the company release the report of income, which should also be saved for your tax refunds. The more papers you have organized and saved the easier it is going to be to get your tax refunds.

Verify data before filling in papers

If you do not have everything ready make sure you get all documentation ready as soon as possible. Make sure you go through each one of them in order not to have issues when tax refunds time comes around. If you have not yet, it is important to provide as much information as possible to avoid issues with the government.

Simplified or complete declaration

The individual can decide for the simplified model, which automatically considers that, of all income, 20% are deductible expenses, or the full. Simplified usually more advantageous for those who have no children and health spending, for example, but keep in mind that your country might not have this option, as only a few have this. Of course, each country has its singularities when it comes to tax refunds. Others may choose to complete. The taxpayer can only modify the type declaration to the end of the term. So stay tuned and compare to find what the most advantageous option for you to get as much cash back as possible.


For convenience, the taxpayer can use the draft own website of Income Tax. So you can do throughout the year filling the information and then just pass the information.

Stay tuned

Some people often confuse issues, such as exemption from the age of 65. In fact, from that age the limits for exemption increases, but are not exempt. You cannot deduct expenses on medicines and textbooks. Moreover, even without being deductible expenses, expenses engineer or contactor, for example, they should be released. Make sure you keep all of the presented tips in mind and enjoy having fun with all the money you will be able to get back from tax refunds. If you are not sure how to make this work make sure you have the help of real professionals, contact!


6 (not so) Dumb Tax Questions You’re Too Embarrassed to Ask

qu1est_fotolia_57383528_subscription_monthly_mSome of these questions related to tax return may seem foolish or easy, but they certainly are not.

Filing a Federal Tax Return

Do you really have to file it? Very likely.

You should not file for the tax return only when your income is less than  personal exemption including standard deduction. This depends on your marital status and age. In general, according to Mark Luscombe (principal federal tax analyst at Wolters Kluwer Tax and Accounting US) any person who made more than $23,100 in 2015 has to file the tax return. However, even your income is much lower, you can benefit from filing a return as you can get a refund. It may happen so that you are entitled to a refundable tax break and receive money as a qualified filer even though the credit surpasses the tax bill.

Withholding my Refund

Is it possible that the IRS withholds my tax refund? This is possible in some situations. For example;

  • In case of overdue child support payments;
  • If you are late with paying off federal student loans or state income taxes;
  • Getting too much of a subsidy from the government for buying health insurance on state or federal exchange.

How Long Does it Take?

Most people get refunds about 21 days from the date they filed the tax return.

You Are Unable to Pay

If you owe money to the IRS and are unable to pay, you should file anyway. Otherwise, this could incur a failure-to-file penalty which is pretty heavy.  Also, different payment options are available so you can make an agreement with the IRS to pay in several installments instead of paying at once. On the other hand, if your debt is more than $10,000 we recommend hiring a tax attorney, CPA with experience or registered agent to represent you. If your debt is not that large, you can still seek advice from a tax professional.

When to File

This year, the deadline for filing the tax return was Monday, April 18. For residents of Maine and Massachusetts, it was Tuesday, April 19 as the April 18th is the Patriot’s Day which is a public holiday in these two states. If you cannot meet this deadline, you can apply for automatic 6-month extension form. However, an extension to file does not mean an extension to pay. Any debts you have for 2015 is due to April 18 (or April 19 for Maine and Massachusetts).You can send your check to the IRS with your extension form. Failing to do so, the interest will be added to the amount and a failure-to-pay penalty will be imposed.

How About Audit?

You will most likely not get audited due the budget cuts at the IRS, but this does not mean your tax return will every time escape scrutiny. Make sure to report your income, as the IRS has copies of the tax forms you get from banks, employers, brokers, etc. They use an automated system to check if the numbers on your return match the numbers from their records. Any discrepancy could entail audit.

Find out more informations here:

Tips on Finding the Best Tax Attorney

Tax returns are certainly one of the more hated subjects of today, but most people don’t like to get into trouble in this area. However, should you get into trouble with the Inland Revenue in Australia you may require serious help to you in this matter. You probably will need a tax attorney, the very best in fact. But how can you find the best? Following are a few tips to find the best attorney for your needs:

Highly Experienced In Dealing with Tax Matters

If you are looking for the best tax attorney, you ideally need one with a lot of experience in this area. Tax law is extremely tough because it changes rapidly, and it is certainly something very few people know well. However, whether you have issues with a tax refund or evasion you really need an attorney who specializes in tax law. Tax attorneys are important, but not all can deal with your specific circumstances. Therefore, ensure your attorney has the relevant experience to deal with your personal case.

A Strong Reputation

When you go up against the Australian government you absolutely want to ensure you choose a tax attorney who has an excellent reputation. Now reputation counts for a lot and, to be honest, if you choose someone with a poor reputation, can you be sure they will do their best to fight your case? It doesn’t matter if you have failed to submit tax returns or have other complications, you need someone with a good reputation working for you. Strong reputation goes a long way when it comes to tax matters.

Do You Feel Comfortable With The Attorney?

If you believe you have found a good attorney, you may want to consider how you feel personally. Having trust in someone is extremely important because if you don’t feel able to trust that person, how can you allow them to fight your case? You can’t have confidence and if you don’t you only feel worse. However, if you are able to feel comfortable with the attorney then you can remove some stress if that is possible. Tax returns are really important and when you get into trouble with the government you need the best tax attorney.

How Much Will You Have To Pay?

Tax Attorney

One very important tip you have to consider to find the best tax attorney has to be their costs. Every attorney will charge differently and it will be crucial for you to understand them. If you aren’t happy with their costs or how they charge then you can look for someone else. This is something that could be very useful to you also. From a tax refund to evasion, whenever there is an issue, the best attorney is needed.see more updates from

Finding the Best Is Important

When you have issues with the Inland Revenue service you need to ensure you have the best people working with you. This is not only crucial but potentially life-changing. If you do not have the best people fighting for your cause, you might end up facing some terrible consequences. That is why you need to ensure your tax attorney is the very best. Whether you have issue with previous tax returns or tax debt, you need to ensure the attorney you hire is the best.

Self-Assessment Tax Returns

Who likes to submit their tax returns? No one does, of course. Unfortunately, it is necessary in Australia today! However, when it comes to filing there are many different options. That said, one of the more popular choices has to be the self-assessment return and this can work out great. They can be especially important for those who earn very little money and even though the process can be a little complicated, it is actually very simple.continue reading!

Who Will Need To Submit A Return?

Almost every citizen in Australia who works, will need to file a tax return. There will be some who will use the self-assessment forms and it is also a very important process. However, there are one or two exceptions when it comes to who is actually required to submit a return. For those who work casually, it may be important to submit a self-assessment tax return rather than a normal tax return. There are minor differences really, but self-assessments can be crucial for those who work casually or not long-term. Of course, anyone can complete a self assessment but it varies over why there is the need.

Filing Online Is Simple

A lot of people think filing a return online is extremely tough, but in reality it doesn’t have to be. There are lots of people each year who file and don’t have help. However, if you aren’t too sure about what you’re doing, it’s a very complicated procedure. That said, once you have a few tries at completing a self-assessment form then it should be a lot simpler to complete. Of course, filing a return isn’t something most people enjoy, but it is necessary. Check out for more information about filing online. It can be very simple and once you get used to the process, it shouldn’t be too difficult for you.

Get Help When You Don’t Know What to Do

A self-assessment tax return can be very difficult to understand, and let’s be honest – it can be a very complicated procedure. However, when it comes to submitting your returns, it might be a lot easier for you if you ask a professional tax accountant. These are the very best people to help you and it is also going to be much easier for you. Now, if you don’t have the money to spend on a new accountant, then that is fair enough, but if you have enough, then it might be wise to consult a professional.

Tax Returns

Always File Your Tax Return on Time

Self-assessment returns are some of the simplest things to carry out and even if you aren’t too sure what you need to do, it is actually easy to learn. However, it is extremely important to remember that self-assessment returns must be filed on time. It doesn’t matter if you don’t earn a huge amount of money or EARN millions, all returns must be filed before the final deadline. If you don’t, you might end up facing a little fine or two. A tax return is crucial so don’t forget to submit.

Online Tax Return Preparation for a Hassle-Free Business

Tax returns must be filled out and filed at the end of each tax year though this isn’t a favoured topic for many. No one likes to have to file a return because it involves a lot of work and for most it is really hard. Regular individuals will certainly find returns a complicated business, but for actual companies, it is a lot harder.

There is so much that needs to be included and it really is difficult, but when you look at online tax return preparation, it may be much easier for everyone involved.

What Are The Benefits Of Choosing Online Software To Help With Tax Returns?

One of the biggest advantages of choosing online software has to be the fact that everything is stored electronically. This means you do not have to worry about finding certain documents because everything is saved digitally which is a lot easier to find and keep track of. Also, in business, you can look at hiring someone with experience using different tax software. This will of course make it much easier for them to deal with all financial matters and you can save lots of time, too. When it comes to submitting a tax return a lot of people find it a very lengthy process simply because they haven’t been well prepared.view more info from

Outsource the Work to a Professional Tax Accountant

The great thing about using software for preparing your tax returns is that you don’t have to personally do the work. You can outsource to a professional tax accountant who can easily handle all tax matters. This is not only going to allow you to ensure less stress is put on your shoulders but can allow you to focus on other important business matters. Of course, businesses will have lots of financial information to sort through and just because you run a business doesn’t mean you know how to handle finances. However, when you outsource you can ensure all matters are dealt with effectively.

Remember To Submit Before the Deadline

It is vitally important to remember that even though you choose online tax return software you still have to submit the return on time. Now, a lot of people forget there is a deadline and, if you miss it, you will face a fine and that is money you didn’t need to pay out. That is why you need to ensure you always submit the tax returns before the final deadline. If you choose to outsource, then they should ensure the returns are sent off well before the deadline. However, if you aren’t outsourcing and just using online software, you still need to be sharp.

Online Tax Return

Less Hassle for You When You Outsource

To be honest if you don’t know what you’re doing when you run a company you need help. Outsourcing to an individual with experience is crucial and they can use online tax return software to prepare your returns. You can still have access but they deal with all necessary matters. File your tax returns safely and quickly.