2017 Refunds Delayed: The
IRS will accept returns as usual starting Jan 15, 2017, however, all returns that include the Earned Income Credit
and Additional Tax Credit will not be processed until Feb 15, 2017, at which time the IRS will begin issuing them. This is part of a program to prevent
identity theft and refund fraud related to fabricated wages and withholdings.
Phone scams, e-mail scams, mail scams, etc. scams:
They are everywhere. If you receive one do not reply and contact our office or simply hang up. The
IRS does not threaten to send the police to collect taxes. If you owe the IRS you will receive notification via the
mail, usually several times, and eventually certified mail.
Marketplace: Usually if you receive your Marketplace form 1095-A after filing your taxes
and do not receive an IRS notice you probably are due a refund. If you receive a Marketplace notice and owe to the IRS,
you will receive an IRS notice. Either way, mail or bring in your Marketplace form 1095-A to our office.
Financial Planning (Basic): You
should have 6 months of expenses in cash savings in case of an unforeseen event. Only about 28% of US citizens
have this set aside. Early distributions from an IRA. etc., can result in additional taxes of 35% to 65%.
If you have to provide a 1099-MISC please order forms from "Internet Links" page.