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Source: The College Investor The PATH Act (Protecting Americans Against Tax Hikes) was designed to help combat tax refund fraud that was estimated to be costing the government over $100 million each year. An analysis found that a lot of fraud was being conducted using “refundable tax credits”. Tax credits reduce your tax liability dollar […]
Source: The College Investor An IRS cycle code is an 8-digit code on your IRS tax transcript that indicates the day your return was posted to the IRS Master File. Understanding this number can help you determine when your tax refund is likely to be processed and deposited. It can also help you figure out […]