How do I find out about my refund?
The best way is to use the Check Your Refund link from the
Resources pages of our website! To look up the status of your
federal or state refund, you will need your social security
number, filing status, and exact amount you’re
expecting back. Alternatively, you can go directly to the IRS
website: http://www.irs.gov/individuals/article/0,,id=96596,00.html
What are the consequences of early withdrawals from
my retirement plans?
there is a 10% penalty on the taxable amount. The main
exceptions that let you withdraw money early without penalty
are as follows: • Qualified retirement plan
distributions if you separated from service in or after the
year you reach age 55 (does not apply to IRAs). •
Distributions made as a part of a series of substantially
equal periodic payments (made at least annually) for your
life or the joint lives of you and your designated
beneficiary. • Distributions due to total and permanent
disability. • Distributions due to death (does not
apply to modified endowment contracts) • Qualified
retirement plan distributions up to (1) the amount you paid
for unreimbursed medical expenses during the year minus (2)
7.5% of your adjusted gross income for the year. • IRA
distributions made to unemployed individuals for health
insurance premiums. • IRA distributions made for higher
education expenses. • IRA distributions made for the
purchase of a first home (up to $10,000). •
Distributions due to an IRS levy on the qualified retirement
plan. • Qualified distributions to reservists while
serving on active duty for at least 180 days.
What do I do if I receive a notice from the IRS about
my taxes?
Don’t panic! the first thing to do is carefully read
the notice—to determine why it was sent, what the IRS
is requesting, and what they want you to do. It may be
nothing of importance; it may even be a notice in your favor.
After reading it you should bring it to our attention.