Entries by Ryan

New Due Dates Could Ease Partnership Frustrations in 2017 Filing Season

Have you been frustrated in the past due to complications in finalizing your return because scattered filing dates made it difficult to gather the information you needed when you needed it? In earlier tax years, that is particularly the case for individuals or organizations that were partners in partnerships or other “pass-through entities.” There should […]

Stop Tax Identity Theft in Its Tracks

Imagine after sending in your annual tax return, you receive a notice from the Internal Revenue Service saying that another return has already been filed using your name and Social Security number—and claiming a refund. Sound impossible? It can happen if you become one of a growing number of victims of tax return identity theft. […]

IRS refund issue dates

IRS Accepts Between These Dates Direct Deposit Sent Paper Check Mailed Tuesday 1/24/2017 Friday 1/27/17 Friday 2/3/17 Friday 2/3/17 1/27/17 2/3/17 Friday 2/10/17 Friday 2/10/17 2/3/17 2/10/17 Friday 2/17/17 Friday 2/17/17 2/10/17 2/15/17 Friday 2/24/17 Friday 2/24/17 Wednesday 2/15/17 2/24/17 Friday 3/3/17 Friday 3/3/17 2/24/17 3/3/17 Friday 3/10/17 Friday 3/10/17 3/3/17 3/10/17 Friday 3/17/17 Friday […]

Q & A – Can I deduct expenses against my oil and gas royalties?

I received royalty income from an oil and gas lease. There are deductions on the back of the form, but the income reported on the 1099 is the entire gross amount. How do I fix this error? The 1099 is prepared correctly with the gross royalty reported. Oil and gas operations often list expenses somewhere […]