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New IRS feature allows taxpayers electronically filing amended returns to choose direct deposit to speed up refunds

WASHINGTON — In the latest improvement for taxpayers, the Internal Revenue Service announced today that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be able to select direct deposit for any resulting… Read More »New IRS feature allows taxpayers electronically filing amended returns to choose direct deposit to speed up refunds

Treasury Secretary Janet Yellen rejects recession fears, says the economy is ‘strong’

Data last week showed that the unemployment rate stands at a 53-year low. Treasury Secretary Janet Yellen rejected recession fears in an interview with “Good Morning America” on Monday, saying the economy remains “strong and resilient.” A blockbuster jobs report last week showed that… Read More »Treasury Secretary Janet Yellen rejects recession fears, says the economy is ‘strong’