Del Norte Tax

Saw another preparer ik post this and thought I would share I've come to the conclusion that a tax and credit course is thoroughly needed in our community. I know the tax lingo and jargon can be confusing at times so a friend of mine came up with some simple rules to break it down. 2019 DOES HAVE NEW TAX LAWS -let’s start there!!! It DOES NOT matter how many kids you have, if you did not work you're not getting a LARGE REFUND. We've seen people come in with a W-2 f...or literally .10 cents expecting thousands back because they have dependents. Just because you have social security and medicare taken out your check (which are mandatory by the way) it has NOTHING to do with FEDERAL TAXES taken out on box 2 of your W2. Box 2 is just as important as Box 1. A 1099 Misc is not the same as a W2. 1099's have no federal taxes withheld. So your return is not going to be the same as your friends, co workers, cousins etc if you have a 1099 and they have a W2. 9 times out of 10 the more money you make the less your return will be. Ex: If you worked half the year in 2017 and only made $15,000 with 2 dependents and made $30,000 working the full year in 2018 you will NOT get that SAME refund. The song "Mo Money, Mo Problems" is for real. As you become more successful and make more money you need to understand those days of getting big refunds are OVER! In fact, you should prepare to break even or put money aside to pay the IRS money you may owe them. Listen to the song "Brackets" by J. Cole Just because you think you know how to use turbo tax doesn't mean you know tax rules or tax laws. Just because you've heard that your friends are getting a huge refund don't get jealous or assume that they are doing their taxes legally. We've heard and seen it all in 10 years. Just because you can input any numbers you want, that does not mean they are the correct numbers. The IRS can go back as far as 3 years to audit your returns and if they do find something they charge interest on their findings. Asking someone how much they charge before even presenting them what your tax issue is is an insult to the accountants knowledge, work and experience. We understand everyone is looking for a deal but remember the saying, "You get what you pay for!" Would you want a "cheap" guy on the corner who owns a screwdriver to change your engine? Or would you want a licensed mechanic? You damn sure don't negotiate about the price of Gucci or those Jordan's on your feet do you? If you own a business. Have proof, paperwork, receipts or a tax id. Also pay the IRS during the year See more

Taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit may experience a refund hold. According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue these refunds before mid-February. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards starting February 27, 2019, if these taxpayers chose direct deposit and there are no other issues with their tax return. Where's My R...efund? on IRS.gov and the IRS2Go mobile app will be updated February 23 for the vast majority of early filers who claimed the Earned Income Tax Credit or the Additional Child Tax Credit. These taxpayers will not see a refund date on Where's My Refund? or through their software packages until then. The IRS, tax preparers and tax software will not have additional information on refund dates, so Where’s My Refund? remains the best way to check the status of a refund. Where’s My Refund? is only updated once daily, usually overnight, so checking it more often will not produce new or different results. Source: irs.gov follow the link below. www.irs.gov/individuals/refund-timing See more

Please contact a tax professional before falling for any tricks! They just keep getting better at being scammers.

Commercial Fisherman!