Friday, January 5, 2018

2018 Tax Filing Season Begins Jan 29, 2018

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Tax Filing begins Jan 29, 2019

According to the IRS, the nation’s tax season will begin Monday, Jan. 28, 2019.  


Taxpayers Claiming Earned Income Tax Credits (EITC) and Addtional Child Tax Credits (ACTC).

As the Internal Revenue Service begins releasing refunds for taxpayers who claimed the EITC/ACTC sometimes in the middle of February of this year. That is if they chose direct deposit and there are no other issues with the tax return.

The nation’s tax deadline will be April 15 (Monday) this year.) 
Paper tax returns will be process later in the year. The IRS strongly encourages people to file their tax returns electronically for faster refunds. Even though the IRS issues most refunds in less than 21 days, it’s possible for refunds to take longer. Taxpayers should keep in mind that “Where’s My Refund?” is updated once daily, usually overnight, so checking more often will not produce different results.

When my Refund will arrive?

Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund.  
  • Can Taxpayers check their refund status online?  Yes.  The Where's My Refund? ‎tool on IRS.gov and the IRS2Go phone app will be updated with projected deposit dates for early EITC and ACTC refund filers. 
  • Where’s My Refund? remains the best way to check the status of a refund.
Can I go online to review my account?

Taxpayers can go to IRS.gov/account to securely access information about their federal tax account. They can view the amount they owe, pay online or set up an online payment agreement; access their tax records online; review the past 18 months of payment history; and view key tax return information for the current year as filed. 

Visit IRS.gov/secureaccess to review the required identity authentication process.
Source IRS>GOV

Updated 2/6/19

For a tax professional...modesto.matheu@gmail.com

Wednesday, January 3, 2018

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Tax Withholding on 2018 as a result of the tax changes:


The IRS is working to give taxpayer guidance in their implementation of the tax reform bill recently signed into law.  Guidance could come about sometime this month.  Little to none action from taxpayers on the current W-4 forms already filed earlier in the year. 
Due to the new 2018 withholding guidelines, taxpayers will begin to see changes in their paychecks as early as February.  

Source: IRS.gov



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