Ameri Tax Service

ATTENTION!!! As of Monday November 1st we will be open at our new address: 3910 Atlantic Ave. Long Beach, CA 90807. Just 4 blocks south between Marshall Place and Roosevelt Rd. Same phone number, website, email ... and people. See more

"Real Change, enduring change, happens one step at a time." "So often in life, things that you regard as an impediment turn out to be great, good fortune" - Justice Ruth Bader Ginsburg 1933-2020

IRS Warns of Scams Regarding Economic Impact Payments!!! "We urge people to take extra care during this period. The IRS isn't going to call you asking to verify or provide your financial information so you can get an economic impact payment or your refund faster," said IRS Commissioner Chuck Rettig. "That also applies to surprise emails that appear to be coming from the IRS. Remember, don't open them or click on attachments or links. Go to IRS.gov for the most up-to-date i...Continue reading

03/13/202 ATTENTION!!! ATTENTION!!! ATTENTION!!! Sacramento The Franchise Tax Board (FTB) today announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until June 15, 2020, in line with Governor Newsom’s March 12 Executive Order.... During this public health emergency, every Californian should be free to focus on their health and wellbeing, said State Controller Betty T. Yee, who serves as chair of FTB. Having extra time to file their taxes helps allows people to do this, as the experts work to control the spread of coronavirus. This relief includes moving the various tax filing and payment deadlines that occur on March 15, 2020, through June 15, 2020, to June 15, 2020. This includes: Partnerships and LLCs who are taxed as partnerships whose tax returns are due on March 15 now have a 90-day extension to file and pay by June 15. Individual filers whose tax returns are due on April 15 now have a 60-day extension to file and pay by June 15. Quarterly estimated tax payments due on April 15 now have a 60-day extension to pay by June 15. The FTB’s June 15 extended due date may be pushed back even further if the Internal Revenue Service grants a longer relief period. Taxpayers claiming the special COVID-19 relief should write the name of the state of emergency (for example, COVID-19) in black ink at the top of the tax return to alert FTB of the special extension period. If taxpayers are e-filing, they should follow the software instructions to enter disaster information. The FTB will also waive interest and any late filing or late payment penalties that would otherwise apply. FTB administers two of California’s major tax programs: Personal Income Tax and the Corporation Tax. FTB also administers other non tax programs and delinquent debt collection functions, including delinquent vehicle registration debt collections on behalf of the Department of Motor Vehicles, and courtordered debt. Annually, FTB’s tax programs collect more than 70 percent of the state’s general fund. For more information on other taxes and fees in California, visit: taxes.ca.gov. CALL US FORM MORE INFO 562-999-1846!!!

Happy Martin Luther King Jr. Birthday- I believe that unarmed truth and unconditional love will have the final word in reality. This is why right, temporarily defeated, is stronger than evil triumphant.... -Martin Luther King Jr.

Tax Extenders Recent tax extenders legislation has been approved with The Consolidated Appropriations Act on December 20, 2019. The more well-known of the extenders are those that affect individuals. ... These include The reduction in the adjusted gross income (AGI) floor for medical and dental expense deductions from 10% to 7.5%. The above-the-line deduction for tuition and fees. The treatment of mortgage insurance premiums (PMI) as deductible qualified residence interest. The exclusion of qualified principal residence indebtedness from gross income. Be aware the IRS is currently updating the necessary forms associated with these changes. If you have any questions in regard to any of these provisions please call us.

IDENTITY PROTECTION PIN INFO FROM IRS Starting Tuesday, January 14, the Get an IP PIN tool will be available at IRS.gov/IPPIN for taxpayers who need to retrieve a lost/missing IP PIN or certain taxpayers who want to voluntarily enter the IP PIN opt-in program. The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number on fraudulent federal income tax returns. An IP PIN helps the IRS verify a taxpayer’s identity a...nd accept their electronic or paper tax return. It prevents an identity thief from filing a tax return with a stolen SSN. Taxpayers who are confirmed victims of identity theft will receive in the mail a CP01A Notice with their IP PIN. If they do not receive the notice in time or lose the notice, they can use the Get an IP PIN tool to retrieve their IP PIN. The IRS also is expanding the voluntary opt-in program in phases. To be eligible for 2020, taxpayers must have filed a federal return last year as a resident of Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, Rhode Island, Texas or Washington. States are being added in phases until the program moves nationwide. The IRS encourages tax professionals to assist their clients who want to voluntarily opt into this IP PIN Program. See Publication 5367, the IP PIN Opt-In Program for Taxpayers (PDF, in English and Spanish), for details. Taxpayers opting into the program must use the online tool to get an IP PIN, which includes a rigorous identity verification process. The IRS is working on other options but currently taxpayers in the opt-in program cannot call to obtain an IP PIN. The IRS will share additional communications with taxpayers in those selected states once the filing season begins. See IRS.gov/IPPIN for information. See more

The IRS will officially start accepting returns January 27th. We are open now and processing Refund Advances! Any questions please call we are here to help!

Don't forget extensions filed expire October 15, 2019. Call now for an appointment!