"Oh, snap! Tax season is here again!"
That's right folks! It's time to e-file your tax returns, starting January 28, 2019.
Everyone is worried about the government shutdown and how it will affect their tax refunds this filing season. In summary, the IRS will begin accepting tax returns as of January 28th, 2019! Likewise, "The filing deadline to submit 2018 tax returns is Monday, April 15, 2019 for most taxpayers. Because of the Patriots’ Day holiday on April 15 in Maine and Massachusetts and the Emancipation Day holiday on April 16 in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file their returns." (IRS)
Noteworthy, the IRS will be waiving, "...the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year." (IRS). Therefore, if you were one of those individuals that did not adjust your withholding to accommodate the tax changes provoked by the TCJA on December 2017, you're in luck - this year!
Because of the unpredictable nature of the government shutdown, changes could possibly occur. An update will be given should that happen.
Entrepreneurs, there are a lot changes happening for you this year. In short, get a CPA. It's time! Tax Largie, Inc. is available to assist you with your bookkeeping, payroll, business and individual tax preparation needs. You may also visit our Service Plan Fees tab for services that suit your business. Then, let's talk about getting you started. Contact us!
Have a Great Season!
Some Quick Updates:
Child Tax Credit increase from $1,000 to $,2000! Remember, this is in addition to the $500 for dependents that didn't qualify for the Child Tax Credit. Not bad, huh? Of course not!
Taxpayers with No Tax Due can still be eligible for a refund of up to $1,400! However, you will only get the refund - if you file a tax return.
401K contributions limit increased from $18,500 to $19,000! Take advantage.
IRA contributions limit increased from $5,500 to $6,000! Take advantage.
ITIN Folks - Make sure you renew asap or prior to year-end.
One easy way to maximize your refund and avoid delays of receiving it is to merely have a folder or place where you keep all your current year tax documents, such as your 1095-A (healthcare), 1099-R (retirement), and if you're self-employed and do not have a bookkeeper - get one! You're throwing away money without knowing.
Prior Year Tax Returns - if you have prior year tax returns that you need help with resolving issues associated with them, call us. We'll get it rectified for you. Simply send us an e-mail at firstname.lastname@example.org or call us at (786) 715-6781.
If you haven't heard, yet, your favorite Accounting professional [Dale Largie, CPA] is now a licensed Realtor for the State of Florida.
Whether you're looking to buy, sell, lease, or rent, Dale Largie, CPA - The Realtor is here to help you reach your goals. The link to our secured real estate page is:
There you may search for your new investment at your convenience. We look forward to working with you.
"OMG! The tax extension deadline Pac-Man looking monster is coming to get me! Aaaahhhh!" Yep! That's what a lot of people are saying.
Haha! Though we say it in jest, there are a lot of entrepreneurs having anxiety attacks, because the September 17, 2018 deadline is quickly approaching. Businesses that would be impacted include:
Monday, 9/17/2018 –
In the following month, specifically October 15, 2018, additional tax filing deadlines will be chasing entrepreneurs and individuals as follows:
Monday, October 15, 2018 -
The solution is simple: Hire Tax Largie, Inc.
Our fees starts at $43.75 weekly! Yes - no catch! Check out our Service Plan Fees tab for more details. After hiring us, you will have more time for vacations and spending time with the family and/or friends. More importantly, you'll be in compliance and not have the IRS on your back hounding you for payment; placing liens on your business; and sending you correspondence that depresses your day.
What's the point of making money if you can't enjoy it?
Tax Largie, Inc. will help you make extensions a thing of the past. Call us now at (786) 715-6781 or e-mail us at email@example.com. Let's talk!
Use Your Tax Refund to Buy A Property: