IRS Reference Code 5530 Split Direct Deposit flipped to paper check
You can check the status of your return and your refund check (for paper returns) or direct deposit (for electronic returns) at the IRS.gov website. The “Where’s My Refund?” portal provides an estimate of when you should expect your refund and any status using a reference code. See a quick reference guide in plain language to […]
IRS Reference Code 5520 Split Direct Deposit more than 1 week ago; Direct Deposit
You can check the status of your return and your refund check (for paper returns) or direct deposit (for electronic returns) at the IRS.gov website. The “Where’s My Refund?” portal provides an estimate of when you should expect your refund and any status using a reference code. See a quick reference guide in plain language to […]
Don’t Overlook Your Charitable Contributions
Article Highlights: Charitable Itemized Deductions Bunching Deductions Qualified Charitable Distributions Donor-Advised Funds Volunteer Expenses Misconceptions Household Goods and Used Clothing Documenting Charitable Contributions Your charitable contributions include a wide variety of tax-saving opportunities, some you may not be aware of and some that are frequently overlooked. And there are some contributions that you may believe […]
IRS Reference Code 5511 Split direct deposit – returned by the bank – check mailed
You can check the status of your return and your refund check (for paper returns) or direct deposit (for electronic returns) at the IRS.gov website. The “Where’s My Refund?” portal provides an estimate of when you should expect your refund and any status using a reference code. See a quick reference guide in plain language to […]
Congress Adds More Uses for College Savings Plans (Sec 529 Plans)
Article Highlights: Benefits of College Savings Plans Contributions Plan Modifications Tax Cuts & Jobs Act Appropriation Act of 2020 Prudence in Using the Funds Gift Tax Twist On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including extending certain tax provisions that […]
IRS Reference Code 5510 Split direct deposit – returned by the bank – check mailed – with partial offset; Direct Deposit
You can check the status of your return and your refund check (for paper returns) or direct deposit (for electronic returns) at the IRS.gov website. The “Where’s My Refund?” portal provides an estimate of when you should expect your refund and any status using a reference code. See a quick reference guide in plain language to […]
Video Tip: A Quick Look into Higher Education Tax Credits
The cost for higher education is expensive, but it can be offset with federal tax credits. In this video, we will discuss the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).
IRS Reference Code 5501 Split direct deposit – partial offset – more than 2 weeks from refund date
You can check the status of your return and your refund check (for paper returns) or direct deposit (for electronic returns) at the IRS.gov website. The “Where’s My Refund?” portal provides an estimate of when you should expect your refund and any status using a reference code. See a quick reference guide in plain language to […]
Education Credits are for Children? Think Again!
Article Highlights: Who Qualifies for Education Credits American Opportunity Credit Lifetime Learning Credit Qualifications Who Gets the Credit 1098-T Qualified Expenses If you think that education credits are just for sending your children to college, think again—the credits are available to you, your spouse (if you are married), and your dependents. Even if you or […]
IRS Reference Code 2017 Savings bond request allowed – more than 3 weeks from refund date
You can check the status of your return and your refund check (for paper returns) or direct deposit (for electronic returns) at the IRS.gov website. The “Where’s My Refund?” portal provides an estimate of when you should expect your refund and any status using a reference code. See a quick reference guide in plain language to […]