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It's Raining Income Tax Refunds!
The IRS will open income tax filing season in a few hours and many tax professionals and tax payers around the country are highly anticipating it. Here are some things to keep in mind: 1. EITC recipients can expect their refunds to arrive, starting February 27, 2018. 2. If you have a serious delinquent tax debt, the IRS remind taxpayers that their passport may be at risk if they do not 'address' their delinquency. HINT: Tax Largie, Inc. can help. 3. Early filing is the best deterrent against identity theft. Tax Largie, Inc. looks forward to interacting with everyone this income tax season and beyond.  That's right folks! Tax season 2018 is here! Many of you have been asking about the new tax law changes and how it will impact your tax returns. The changes are many and the impact will vary. However, the tax overhaul will not affect you during the 2017 tax filing season, which will be relatively normal with the minor changes as it has been since 1986. Next year when we're all filing our 2018 tax returns, we will know more of what to expect. Until then, let's take care of your 2017 income tax returns, first. The Internal Revenue Service announced that the nation’s tax season will begin Monday, January 29, 2018. Taxpayers claiming certain tax credits, such as the EIC (Earned Income Credit) or the Additional Child Tax Credit, will have a slight delay in receiving their refunds. Taxpayers with these credits can expect their refunds no earlier than mid-February. The tax deadline for Individuals in 2018 is April 17, 2018. Business E-Filers – Prior Year Returns Businesses seeking to e-file prior year returns (2015, 2016, etc.) may begin Monday, January 8, 2018. Business E-Filers – Current Year Returns Business E-Filers seeking to e-file their current year returns may start begin January 29, 2018 – same date as the Individual Returns. IP PIN 2018 Identity Protection PIN (Protection against Tax ID Theft) is starting to arrive in the mail. Be sure to give it to your tax professional to avoid any issues when e-filing your tax returns and/or delaying the receipt of your tax refund. Tax Largie, Inc. remains available to assist you with all your income tax return e-filing needs. You may contact us at (786) 715-6781 or [email protected].
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