Track The Status of Your Federal Tax Return Online

If you are still waiting to file your tax return, make sure the procrastination doesn’t stretch too much longer. If you have already filed your federal tax return, though, you can track the status of a refund, if you are due to receive one, online.

Check the status of your federal tax refund online
Check the status of your federal tax refund online

On the IRS’s main website, it has posted tools in both English and Spanish to help you track down the status of your refund. With Where’s My Refund? and ¿Dónde está mi reembolso?, you’ll know up-to-date information about your refund anytime, and can access it from anywhere with an internet connection.

Information should be available about 72 hours after the IRS acknowledges that they have received your return. 3-4 weeks is the wait if you filed with a hard copy.

To get your personalized refund information you must enter:

  • Your Social Security Number (or Individual Taxpayer Identification Number).
  • Filing status (Single, Married Filing Joint Return, Married Filing Separate Return, Head of Household, or Qualifying Widow(er)).
  • Exact refund amount shown on your tax return.

Once you enter your personal information, you could get several responses, including:

  • Acknowledgement that your return was received and is in processing.
  • The mailing date or direct deposit date of your refund.
  • Notice that the IRS could not deliver your refund due to an incorrect address. In this instance, you can change or correct your address online using Where’s My Refund?

For those of you that have not filed a return, it is certainly not too late. Be sure to check out free tax software like TaxACT that can help your figure out your tax return so that you know you are filing accurately.

DISCLAIMER:

This entry is for information only and does not constitute tax advice, nor does it serve as legal advice. There is no intent to create, nor does this blog site constitute, a professional tax practitioner/client relationship. You need to consult with your tax professional prior to acting on any item of information you learn on this site.

Tax laws change from time to time, and are different in various locations.

Evernote Lets You Search Text On Your Shoeboxed Receipts and Business Cards

Shoeboxed is excited to announce the launch of a new direct integration with Evernote, a great service that allows you to remember anything and access it on the Web, on the desktop, or on a smart phone. Now you can send receipts and business cards directly from Shoeboxed into Evernote, where all the printed and handwritten text from the documents will be made searchable and accessible across all of Evernote-supported platforms. Using this integration is free for all users!

What is Evernote?

Evernote helps you remember everything. Upload photos, notes, and other documents that you want to remember. Evernote makes all the text searchable and indexable so you can easily find what you need in this “virtual brain”.

Use Evernote to Remember Everything
Use Evernote to Remember Everything

How does Evernote work with Shoeboxed?

Just mail in your receipts and business cards to Shoeboxed, where they are scanned and entered into our online software. Once they are in Shoeboxed, you can then send them directly to Evernote, where they can be accessed online, on the desktop, or on a mobile phone. Because all the printed and handwritten text on your receipts is searchable on Evernote, you can find a receipt or business card even if you can only remember small bits of information that were on them. Want to know when and where you got your last oil change, but can’t remember? Well, if you’ve sent the receipt to Shoeboxed, you can now search in Evernote for “oil” or “oil change” and the receipt will show up.

Can I see a video of how it works?

Yes, Shoeboxed CEO and Founder explains the integration in this video:

Why do I need both services?

Shoeboxed helps you organize your receipts in ways that make sense specifically for traditional receipt-related things, like taxes, expense reports, budgeting, bookkeeping and insurance claims. For business cards, we create an online database for you to use; this parsed contact list can be exported to most every contact management system, including Salesforce, Act! or your email client.

Integrating with Evernote once they are in Shoeboxed makes your receipts and business cards even more valuable to keep. Once they are in Evernote, any printed or handwritten text is made searchable. Imagine having a searchable archive of your purchase history (at the item level!) or of your contact list. Then imagine having that archive available across so many technology platforms.

The number of ways to use these two services together is endless, and we hope you get a chance to check out Evernote!

Gambling Problem: Reporting Winnings to the IRS

A common question for consumers completing a tax return is whether or not gambling winnings are taxable, and how such winnings would be reported on the return. In most all circumstances, money won from gambling is fully taxable and must be reported on tax returns.

Are you reporting your gambling winnings and losses to the IRS?
Are you reporting your gambling winnings and losses to the IRS?

In fact, sometimes the payer of gambling winnings might provide a Form W-2G and have federal income taxes withheld from the winnings. Gambling income ranges from lottery winnings, raffle, horse and dog races and casinos. The people that win on “The Price is Right” will probably face some hefty taxes as well, as cars, houses, trips and other noncash prizes are usually taxed at their fair market value.

The full amount of gambling winnings must be reported on Form 1040, line 21, regardless of the amount of whether the payer provided a W-2G form. Gamblers may also be able to deduct their losses if they are not more than winnings.

Keeping receipts and other statements documenting winnings and losses is important, as they are required by the IRS.

Free tax software like TaxACT can help taxpayers navigate through the confusing federal and state tax codes so that returns are guaranteed accurate.

DISCLAIMER:

This entry is for information only and does not constitute tax advice, nor does it serve as legal advice. There is no intent to create, nor does this blog site constitute, a professional tax practitioner/client relationship. You need to consult with your tax professional prior to acting on any item of information you learn on this site.

Tax laws change from time to time, and are different in various locations.