Monday, April 17, 2017

Individual Efile Deadline April 18 Midnight EST

We strongly encourage you to transmit your e-files at least two hours before the midnight (midnight Eastern time) deadline.

As the April 18th deadline approaches, the processing volume at the IRS will increase daily. Both return volume and return size will affect processing time. While you are accustomed to receiving your Federal acknowledgements within a one hour time-frame, that turnaround time will increase as the deadline approaches. You may see your acknowledgements take from 2 to 4 hours, and possibly longer.


This is why we suggest that you send returns periodically throughout the day. This will help spread out the volume and also help eliminate some of the 'deadline rush' which also impacts IRS processing.

Refer to this IRS.gov article for details on the April 18th deadline date

"People have until Tuesday, April 18, 2017 to file their 2016 returns and pay any taxes due. The deadline is later this year due to several factors. The usual April 15 deadline falls on Saturday this year, which would normally give taxpayers until at least the following Monday. However, Emancipation Day, a D.C. holiday, is observed on Monday, April 17, giving taxpayers nationwide an additional day to file. By law, D.C. holidays impact tax deadlines for everyone in the same way federal holidays do. Taxpayers requesting an extension will have until Monday, Oct. 16, 2017 to file"

Thursday, April 6, 2017

Important Information Regarding Extensions - Bank Cutoff Dates - Filing Deadlines



Valued Refunds Today Customer:
This email contains some important information regarding end of season filing dates, extensions, and bank cutoff dates.  Please take the time to read it and contact Refunds Today Support should you have any questions.

Tax Year 2016 Filing Deadlines

2016 e-file Calendar
Filing Deadline
Last date for transmitting timely filed returns
April 18, 2017
Last date for transmitting timely filed Forms 4868
April 18, 2017
Last date for re-transmitting rejected timely filed returns
April 23, 2017
Last date for re-transmitting rejected timely filed Forms 4868
April 23, 2017
Last date to submit new IRS e-file Applications
No cut-off date
Last date for transmitting returns on extension from Form 4868
October 16, 2017
Last date for re-transmitting rejected late or returns on extension from Form 4868
October 21, 2017

Extensions

Don't miss out on one of the last chances to increase your Income Tax profits! Begin e-filing your client's Federal Form 4868 extensions.  You can increase your profits and provide better customer service by offering your clients the peace of mind that 4868 e-filing provides.
  • Assurance that the IRS will receive the extension on time, as you will receive an IRS acknowledgement receipt
  • Assurance that the extension will not be "lost in the mail"
  • Relief in knowing neither you nor your clients will have to wait in long lines at the post office
  • Best of all, it's fast and easy to e-file extensions

Form 1099-A/1099-C Assistance

Form 1099A and/or 1099C customer requests for assistance may not get an answer to their individual situations prior to the filing deadline.  We recommend that you submit an extension now and avoid any potential penalties for not filing in a timely fashion.

4868 General Information

It is suggested to submit any extensions at the latest by 10:00 PM YOUR local time on April 18th although the IRS deadline is 11:00 PM. The last day to retransmit rejected timely filed Forms 1040 or Extension Forms 4868 and gain IRS acceptance is Saturday, April 23rd , 2017.  The cost for each E-filed extension is $5.00.
Detailed instructions for successfully filing Form 4868 can be found on the Refunds Today website under Support > Miscellaneous Forms.

Check Form 4868 Statuses

1.     Checking Extension Form 4868 Status
a.     Click on Reports > Reports List > IRS Extension Summary. Click OK.
b.     Default Report Criteria should display Extensions filed. Click OK to view all extensions filed.
c.     This report will show all accepted or rejected 4868 returns.
Note:    This report is used to check the "EF Status" of Extension Forms 4868.

Making Payments

Electronic Funds Withdrawal

The Refunds Today software supports electronic funds withdrawal with Form 4868. If the taxpayer is filing an extension, they are still required to make any payment due by April 18th. On the Main Information Worksheet under the Self-Select and Practitioner Pin(s) section, be sure to select the Form 4868 with Direct Debit in both places. Make sure to enter the PIN information for this type of return.

Mailing a Payment

If the taxpayer mails the payment, Form 1040-V is not required. The taxpayer simply needs to write their Social Security number, daytime telephone number, and "2017 Form 4868" on the check or money order.

Credit/Debit Card Payments

For the 2017 filing season, the IRS supports the following e-pay service providers for both electronic and paper filers. Each company has its own convenience fee schedule, and each offers both phone and Internet payment services. A full list can be found on the IRS website at http://www.irs.gov/uac/Pay-Taxes-by-Credit-or-Debit-Card

Service Provider
Telephone
(English/Spanish)
Website
Convenience Fees
(Credit Card)
Convenience Fees
(ATM/Debit-Card)
Customer Service Number
Link2Gov Corporation
1-888-PAY1040tm
(1-888-729-1040)
1.87%
$2.59
1-888-658-5465
WorldPay US, Inc.
1-844-729-8298
1.98%
$2.69
1-855-508-0159
(live operator)
1-844-825-8729
(automated - 24/7)
Official Payments Corporation
1-888-UPAY-TAXtm
(1-888-872-9829)
2.00%
$2.50 ($3.95 flat fee over $1,000)
1-877-754-4413

Bank Product Deadlines

BANK
Phone Number
Last Day to Apply
Site Printed Check
ACH - Direct Deposit
Check Stale Date
TPG
800-779-7228
10/20/2017
10/31/2017
12/31/2017
90 Days after printing
Refund Advantage
800-967-4934
Year Round
Year Round
Year Round
12/31/2017
River City
888-820-7848
12/9/2017
6/15/2017
12/31/2017
6/17/2017
Republic
866-491-1040
10/15/2017
6/1/2017
12/31/2017
6/30 or 90 Days after checks are printed

If you have any questions, please contact the Refunds Today Support Staff at 323-261-0240

Friday, March 31, 2017

Tax Professionals Warned of e-Services Scam; Urged to be Wary of Schemes as Filing Season Deadline Approaches



WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals to beware of phishing email scams claiming to be from IRS e-Services and of schemes in general as the April 18 deadline nears.
Acting as the Security Summit, the IRS, state tax agencies and the tax industry warned that this time of year is the high season for identity thieves scams to steal sensitive data from tax professionals. All tax preparers and their employees must be on guard against phishing activities.
The IRS noted a particular surge in the past 24 hours related to a phishing email scam that seeks to steal practitioners’ usernames and passwords for IRS e-Services.
The subject lines on these scam emails vary but they generally are related to e-Service account closures. Some examples include:
  • Account Closure!
  • e-Service Account is Blocked
  • Few Hours to Close Your Account
  • Your Account is Closed
  • Your Account is Terminated
  • 24Hrs to Block Your Account
Links in the scam email send practitioners to a fake e-Services login page where thieves can steal the user’s credentials. It is “signed” by “IRS gov e-Services.”
The thieves are keying off on IRS efforts to increase protections for e-Services, including recent IRS efforts to encourage tax professionals to revalidate their identity to avoid delays accessing their e-Services account.
E-Services account holders should beware of schemes to obtain their password information. If an account has been closed because of failure to revalidate, users should contact the e-Services Help Desk to have it reopened. Users who are in doubt about the validity of emails should never open a link or attachment, but instead go directly to https://www.irs.gov/eservices. Users also should sign up for Quick Alerts, e-News for Tax Professionals or other subscription services to receive information directly from the IRS.