IRS now accepting tax returns; Here's everything you need to know

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"So the earlier you file, the less likely that might happen", said Iowa Department of Revenue Public Information Officer John Fuller. According to the IRS, in 2017, more than 25 million workers and families nationwide received more than $65 billion in EITC. He's expecting his refund bounty in 3 weeks. For paper filers, this can take much longer, however. Dune Beckett, CPA and owner of Beckett Tax in Madison agrees.

"Number one, if you file, file quicker than anyone else". In recent years, Congress has nearly tripled the penalties applicable to incorrect information returns. But if it helps you stay the course with your long-term debt reduction plan, you can end up a lot better off in the long run - even if it means hundreds in extra finance charges along the way. Groups around the state and nation are participating in a program to provide free help to those who qualify. If you wind up owing on your taxes, preparing your taxes early also makes sense.

The IRS imposes penalties for information returns that are incorrect. The IRS suggests filing as soon as you receive your W-2's. Doing so will help avoid refund delays and the need to file an amended return.

Tony had them, and got his return in today.

The New York State Department of Tax has opened sites that offer free tax assistance across the state. Even so, the IRS said taxpayers and tax return preparers should file when they're ready.

Remember the IRS will never ask you for private information, such as access to your bank accounts over the phone. In 2018, taxpayers should lean on their tax filing platform for education and updates on the new tax code to get their maximum refund or reduce the amount owed. Visit to review the required identity authentication process.

"We saw a year ago with the state of Iowa, things can get backed up a little bit with regards to refunds". As part of the Security Summit effort, stronger protections for taxpayers and the nation's tax system are in effect for the 2018 tax filing season. This warning is in alliance with Tax Identity Theft Awareness Week, which runs from January 29 - February 2, 2018. When asked about personal sentiment toward the tax bill late a year ago, taxpayers were mostly split down the middle, with 29 percent expecting it to be beneficial and 31 percent harmful.

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