At what level is the exemption phased out?

Deduction for personal exemptions suspended For 2018 (through 2025), you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents. (The personal exemption amount will appear as zero in the OLT software) The personal exemption for tax year 2017 remains $4,050. However, the exemption is subject to a phase-out. You lose at least part of the benefit of [...]

When does e-file begin?When can I file my return?

Our software will allow you to pay and submit your tax return in early January. However, the return cannot be transmitted to the IRS until the IRS opens to begin accepting the transmissions for e-file. The expected opening of e-file is mid to late January, however the IRS can change this date. We will post the date on the website and you can find the date on the IRS website as soon as it is [...]

How do I know the IRS receives my return?

The IRS will notify our company that your return was received. Usually the IRS notifies us within 48 hours of transmission. We will send you an email with the status of your return and/or you can log back in to your account to check the status. With the new IRS MeF system, you can get this acknowledgement within as little as 5 minutes of filing your return so please be sure to check back on your [...]

What are the advantages of e-file?

IRS e-file is more accurate (less than 1% error rate) than paper. There is also the added benefit of being able to instantly (in most cases) correct any error. The opportunity to file now and delay payment until April 18 for 2021 returns. Your federal and state returns may be filed together if you qualify. Your tax return is transmitted from our computers to the IRS. Fast refunds. Accuracy. [...]

How do I contact the IRS?

Tax Assistance: 1-800-829-1040 or 1-800-808-4262 - Tax assistance for Taxpayers. Refund Status: 1-800-829-1954 - To check the status of a Taxpayer's refund (current year) Or you can visit the IRS website [...]