Tag: irs

IMPORTANT INFORMATION FOR TAX FILING

The IRS and state governments are combating identity theft and tax fraud this tax year. Beginning this filing season all tax payers are required to have identity verification. Please include with your tax documents a copy of your state driver’s license or other state ID. If you’re married, both individuals must meet the requirement. 

Sincerely,

BYB

School’s Out! Hire your Kids!

If you are self-employed, one advantage is the ability to employ family members.

This summer save on taxes by employing your child under the age of 18.

Your children are not subject to social security and Medicare taxes if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child.

For more information, refer to the “Covered services of a child” section at IRS.gov

Five Facts about the Small Business Health Care Tax Credit

IRS.gov | Issue Number:    HCTT-2016-54

If you are a small employer, there is a tax credit that can put money in your pocket. The small business health care tax credit benefits employers that:

  • offer coverage through the small business health options program, also known as the SHOP marketplace
  • have fewer than 25 full-time equivalent employees
  • pay an average wage of less than $50,000 a year
  • pay at least half of employee health insurance premiums

Click the link below to read five facts about this credit:

See the bulletin

Phone Scams! The IRS Does NOT Call!

IRS CALL

A few of our clients have fallen victim to fraudulent phone calls received by scammers impersonating to be Tax Agents.

These callers are calling in attempt to steal your money. They will call with variations of IRS issues and even show up on the caller ID as the IRS. They will either claim that you’re due for a huge refund or you owe the IRS money. They threaten that legal actions are in place and demand immediate payment.

Don’t be fooled! If you receive a phone call, do NOT give out any information and hang up immediately. The IRS does not call, certified mail is the most common form of communication.

For more info, read what the IRS has to say below.

IRS: Phone Scams

 

Where’s my Refund??

When the IRS processes your tax return and approves your refund, you can see your actual personalized refund date. Even though the IRS issues most refunds in less than 21 days after we receive your tax return, it’s possible your tax return may require additional review and take longer.

Track your Refund Here!

Why is tax day April 18th?

The filing deadline to submit 2015 tax returns is Monday, April 18, 2016, rather than the traditional April 15 date. Washington, D.C., will celebrate Emancipation Day on that Friday, which pushes the deadline to the following Monday for most of the nation. (Due to Patriots Day, the deadline will be Tuesday, April 19, in Maine and Massachusetts.)

 

For More information click link below!

IRS Explains…

Tax Calendar 2016

Tax Calendar

Stay one step ahead of the IRS .

Find the various calendar dates and details below.

IRS Calendars

Click this link below to save calendar dates directly to your calendar.

Important Dates