01.26.2015
A video tip from the IRS on Payment options, for those of us that need help paying tax dues!
Source information at IRS.gov. For more on the latest in tax news and updates, follow us online at BetterRefundIncomeTax.com!
-Better Refund
Monday, January 26, 2015
IRS Tax Payment Options
Better Refund
01.26.2015
A video tip from the IRS on Payment options, for those of us that need help paying tax dues!
Source information at IRS.gov. For more on the latest in tax news and updates, follow us online at BetterRefundIncomeTax.com!
-Better Refund
01.26.2015
A video tip from the IRS on Payment options, for those of us that need help paying tax dues!
Source information at IRS.gov. For more on the latest in tax news and updates, follow us online at BetterRefundIncomeTax.com!
-Better Refund
Wednesday, January 21, 2015
What you NEED to file!
Better Refund
01.21.2015
IRS Recommends: What You Need to Get Started for Filing
Personal Information:
A copy of last year's tax return
Verify your identity by using your 2013 Adjusted Gross Income or the your 2013 personal identification number if you created one
Don't have your AGI or PIN? Get a new five-digit PIN by using an online Electronic Filing PIN, or call the IRS toll-free line at 1-866-704-7388
Valid Social Security numbers for yourself and your spouse, if applicable
Valid Social Security numbers for your dependents, if applicable
Income and Receipts:
Social Security benefits
Unemployment Compensation
All receipts pertaining to your small business, if applicable
Income receipts from rental, real estate, royalties, partnerships, S corporation, trusts
Other/Misc income:
W-2s, showing your annual wages from all of your employers
Forms 1099-INT, showing interest paid to you throughout the year
Form 1099-G, showing any refund, credit or offset of state and local taxes
Forms 1099-DIV and Forms 1099-R, showing dividends and distributions from retirement and other plans paid to you during the year
NEW: ACA Filers
Form 1095A, Health Insurance Marketplace Statement
Form 8962, Premium Tax Credit
Form 8965, Health Coverage Exemption and ECN
01.21.2015
Here are some listings from the IRS to make filing easier with them and your tax prep. office!
IRS Recommends: What You Need to Get Started for Filing
Personal Information:
A copy of last year's tax return
Verify your identity by using your 2013 Adjusted Gross Income or the your 2013 personal identification number if you created one
Don't have your AGI or PIN? Get a new five-digit PIN by using an online Electronic Filing PIN, or call the IRS toll-free line at 1-866-704-7388
Valid Social Security numbers for yourself and your spouse, if applicable
Valid Social Security numbers for your dependents, if applicable
Income and Receipts:
Social Security benefits
Unemployment Compensation
All receipts pertaining to your small business, if applicable
Income receipts from rental, real estate, royalties, partnerships, S corporation, trusts
Other/Misc income:
W-2s, showing your annual wages from all of your employers
Forms 1099-INT, showing interest paid to you throughout the year
Form 1099-G, showing any refund, credit or offset of state and local taxes
Forms 1099-DIV and Forms 1099-R, showing dividends and distributions from retirement and other plans paid to you during the year
NEW: ACA Filers
Form 1095A, Health Insurance Marketplace Statement
Form 8962, Premium Tax Credit
Form 8965, Health Coverage Exemption and ECN
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Source information found at IRS.gov! For more on the latest updates and Tax law news, follow us on Blogger/Facebook/Twitter and our website BetterRefundIncomeTax.com
-Better Refund
Wednesday, January 7, 2015
Tax season Reminder!
Better Refund
01.07.2015
As a reminder to our clients that the filing date is still set for the twentieth (Jan. 20. 2015) for filing our taxes! Here is the entire article for your convenience!
Tax Season Opens As Planned Following Extenders Legislation
IR-2014-119, Dec. 29, 2014
WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January.
The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time.
The decision follows Congress renewing a number of "extender" provisions of the tax law that expired at the end of 2013. These provisions were renewed by Congress through the end of 2014. The final legislation was signed into law Dec 19, 2014.
"We have reviewed the late tax law changes and determined there was nothing preventing us from continuing our updating and testing of our systems," said IRS Commissioner John Koskinen. "Our employees will continue an aggressive schedule of testing and preparation of our systems during the next month to complete the final stages needed for the 2015 tax season."
The IRS reminds taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.
More information about IRS Free File and other information about the 2015 filing season will be available in January.
01.07.2015
As a reminder to our clients that the filing date is still set for the twentieth (Jan. 20. 2015) for filing our taxes! Here is the entire article for your convenience!
Tax Season Opens As Planned Following Extenders Legislation
IR-2014-119, Dec. 29, 2014
WASHINGTON -- Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January.
The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time.
The decision follows Congress renewing a number of "extender" provisions of the tax law that expired at the end of 2013. These provisions were renewed by Congress through the end of 2014. The final legislation was signed into law Dec 19, 2014.
"We have reviewed the late tax law changes and determined there was nothing preventing us from continuing our updating and testing of our systems," said IRS Commissioner John Koskinen. "Our employees will continue an aggressive schedule of testing and preparation of our systems during the next month to complete the final stages needed for the 2015 tax season."
The IRS reminds taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.
More information about IRS Free File and other information about the 2015 filing season will be available in January.
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Source information found at IRS.org. For more on the latest tax news and updates, please follow us online or on our website at BetterRefundIncomeTax.com!
George
-Better Refund
Thursday, January 1, 2015
A New Tax Year!
Better Refund
01.01.2015
Greetings everyone!
This year promises to be a great year for taxes! There are a few things that we will need to check off your list that many of you may or may not have done yet. In this blog, we hope to highlight several of the key forms and documents you may need before completing your electronic filing with us for 2014-15 tax year!
As always, we highly recommend that if you are due to receive a W-2 form this year, please bring that in with you before starting the filing process! (If there are any issues with your W-2, please let us know and we might be able to help! )
The next set of documents that are most commonly referred during the tax season are dependant/child documents. These are basic medical/school/mailing record that provides the IRS with proof of dependant address confirmation in order to obtain the proper credits/deductions. (Give us a call if you have any questions on alternative forms of dependant documentation.)
As a rule of thumb we like to ask that our customers have a minimal expense sheet in mind. Although not all expenses are credible, there are many that may suit your situation and even give you a lower tax at the end of the preparation! ("You might be surprised at what you can deduct!" -George )
A new standard for tax year 2015 will be reporting your qualifying Medical coverage. For 2015 we ask that you bring in medical insurance documentation that provides proof of coverage for 2014 (or grandfathering insurances) in order to maintain compliance with the IRS for this year! If you do not have health care coverage, their are new options this year that provide options to be filed along with your preparation. ( For further questions, please give us a call! )
Finally, the most common (and typically most frustrating for customers) would be filing before receiving ALL other forms! We want to focus on reminding all of our customers that IF you have received your standard forms (such as a W-2 or 1099) but are waiting on alternative forms (example: 1099-R / W-2G), please wait until you have received them before filing for taxes! We want to help prevent filing a amended return, which only lengthens your return date and peace of mind.
We hope that this has helped and if you still have questions-- PLEASE -- feel free to give us a call (714-400-3444) or email us at BetterRefundIncomeTax@gmail.com !
Thank you everyone! We hope to see you at the office soon!
-Jorge Ostorga
-George (jr)
Better Refund
01.01.2015
Greetings everyone!
This year promises to be a great year for taxes! There are a few things that we will need to check off your list that many of you may or may not have done yet. In this blog, we hope to highlight several of the key forms and documents you may need before completing your electronic filing with us for 2014-15 tax year!
As always, we highly recommend that if you are due to receive a W-2 form this year, please bring that in with you before starting the filing process! (If there are any issues with your W-2, please let us know and we might be able to help! )
The next set of documents that are most commonly referred during the tax season are dependant/child documents. These are basic medical/school/mailing record that provides the IRS with proof of dependant address confirmation in order to obtain the proper credits/deductions. (Give us a call if you have any questions on alternative forms of dependant documentation.)
As a rule of thumb we like to ask that our customers have a minimal expense sheet in mind. Although not all expenses are credible, there are many that may suit your situation and even give you a lower tax at the end of the preparation! ("You might be surprised at what you can deduct!" -George )
A new standard for tax year 2015 will be reporting your qualifying Medical coverage. For 2015 we ask that you bring in medical insurance documentation that provides proof of coverage for 2014 (or grandfathering insurances) in order to maintain compliance with the IRS for this year! If you do not have health care coverage, their are new options this year that provide options to be filed along with your preparation. ( For further questions, please give us a call! )
Finally, the most common (and typically most frustrating for customers) would be filing before receiving ALL other forms! We want to focus on reminding all of our customers that IF you have received your standard forms (such as a W-2 or 1099) but are waiting on alternative forms (example: 1099-R / W-2G), please wait until you have received them before filing for taxes! We want to help prevent filing a amended return, which only lengthens your return date and peace of mind.
We hope that this has helped and if you still have questions-- PLEASE -- feel free to give us a call (714-400-3444) or email us at BetterRefundIncomeTax@gmail.com !
Thank you everyone! We hope to see you at the office soon!
-Jorge Ostorga
-George (jr)
Better Refund
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