VOLUME 13 – SPRING 2015

Use ‘Where’s My Refund’ To Track Your Refund, Advises Sigma Tax Pro

At this time of year many taxpayers are anxiously awaiting their refunds; the ‘Where’s My Refund’ site provides a quick and easy answer.

Delray Beach, Florida, March 28th, 2015

Any seasoned tax pro will be expecting the most common question during tax season which is “where’s my refund?” The IRS reminds taxpayers to visit their site at http://www.irs.gov/refunds to get the most up-to-date status on their refund. The IRS offers taxpayers a number of useful tips through their Tax Time Guide, which is designed to help taxpayers through the busy tax season period. The IRS has also developed an application called IRS2Go 5.0 which can be downloaded onto smartphones; the ‘Where’s My Refund?’ feature is accessible through the app.

Taxpayers should expect their information to be available within 24 hours of e-filing their tax return or four weeks after mailing a return. The system updates once per 24-hour period so there is no need to continually check throughout the day. If the information has not updated, the taxpayer should check back the following day. The ‘Where’s My Refund?’ feature has received over 179 million hits this year alone so it’s definitely a hit with taxpayers. Individuals should have their Social Security number, filing status and exact refund amount when checking the status of their return or refund.

Sigma Tax Pro provides a full range of essential services for tax pros. This includes industry leading software solutions as well as technical support, tax preparation support and client retention strategies. Sigma Tax Pro specializes in helping tax preparation firms expand their businesses, open new offices and increase their client base. Sigma also offers its audit assistance product to protect tax pros and taxpayers in the event of an IRS audit.

Contact: Jody Dovich Sigma Tax Pro +1 561-450-6422

NEWS AND TIPS

Sigma Tax Pro Advises Taxpayers To Look Out For Identity Verification Letters

The IRS may require taxpayers to verify their identity before processing their return and issuing a refund.

Delray Beach, Florida, March 28th, 2015

Tax professionals should advise their clients that they may receive a letter from the IRS requesting them to verify their identity. There is a website that taxpayers can visit to complete the process, idverify.irs.gov. The IRS does not send the letter because of any wrongdoing on the taxpayer’s behalf but only when they have indications that identify theft may be taking place. The communication they will receive from the IRS will be Letter 5071C. When they access the verification site, they will have to answer a series of questions that only the taxpayers themselves could answer. They will then be asked to confirm that they submitted the return. If they did not, the IRS can then take action to protect the taxpayer.

The letter will be mailed via the U.S. Postal Service; the IRS will not communicate this information through emails or phone calls. If taxpayers receive phone calls regarding the letter from someone claiming to be the IRS, they can be assured it is not a legitimate call. The letter will contain a toll-free number that can be called if the individual does not wish to use the idverify.irs.gov site to complete the process. However, there may be long hold times on the toll-free line during peak hours, so the website will always be the fastest and easiest option.

Sigma Tax Pro provides a full range of essential services for tax pros. This includes industry leading software solutions as well as technical support, tax preparation support and client retention strategies. Sigma Tax Pro specializes in helping tax preparation firms expand their businesses, open new offices and increase their client base. Sigma also offers its audit assistance product to protect tax pros and taxpayers in the event of an IRS audit.

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