TAX TALK

A Tax Preparer is responsible for income tax preparation for businesses or individuals. A Tax preparer works for the client NOT the IRS. It is our responsibility to communicate and advise clients about the tax process from start to finish.

It is a State or Federal Reimbursement of overpaid taxes to eligible taxpayers.

Any individual who meet the minimum filing requirements base on filing status, age, and income

There are 5 types of filing statuses:  Head of Household, Qualified Widow(er), Married filing Jointly, Married filing Separately, and Single. The filing status should be chosen based on the taxpayers unique living situation. The filing status has a big effect on your tax refund and can determine the type of credits a taxpayer is eligible for.

The most common forms used to determine a tax refund are W2s, 1099s, Records of income and expenses (Self -employed), unemployment (Unemployed), and dividends/investments, etc.

-Child and DependentTax Credit

-Earned income Tax Credit

-Lifetime Learning Credit

-American Opportunity Tax Credit

-Saver Tax credit (401Ks) 

-Dependent Care Credit

-Recovery Rebate Credit 

-Family Sick Leave Credit (Self-employed)

The IRS legally has 21 days to process a tax return that is submitted electronically.

Mailed tax returns can take a minimum of 6 to 8 weeks to be processed before you can receive payment. *Due to the Covid-19 Pandemic, Delays are expected to impact the normal processing time for taxes.

Go to the IRS website. Please click the link below. In order to check your tax status, you would need your FULL refund amount, filing status, and social security number.

Internal Revenue Service | An official website of the United States ... (https://www.irs.gov/)

The only form of communication from the IRS is through mail. It's essential that your most updated address is listed at the time of filing in order to have a seamless tax experience. If you need to update your mailing address mail form 8822 to the IRS (Department of Treasury, Internal Revenue Service Center, Kansa City, MO 64999-0023 or click the link below to automatically update your address with the United States Postal Services for only $1.

Change of Address CLICK HERE (https://moversguide.usps.com/)

The 1040 form is a federal tax form used to report a taxpayer’s income and deductions to determine the amount that is owed or refunded to the taxpayer. ALL Clients are subject to receive a copy of their 1040 form for individual records. The 1040 form will be provided ONCE to all clients. Any additional copy will have a mandatory $25 fee to be electronically sent/printed and will require a 48-hour delivery period.

The tax software used for the tax process generates unique account numbers that include the taxpayers social in place of the actual account number in order to protect sensitive information. Please don’t be alarmed when your banking information does not show on your 1040 documents.

Tax Preparer can be contacted via Email, Text, or Social media? Gorgeous Tax Pros TAX POLICY Required clients to give a 24-grace period for a response for any questions or concerns.  TAX RELATED QUESTIONS/ CONCERNS will ONLY be ANSWERED  AND RESOLVED during NORMAL BUSINESS HOURS.

If you receive a letter in the mail from the Internal Revenue Service, Please contact your tax preparer in a timely manner. I highly encourage you to communicate with your preparer before taking any actions. Always remember your tax preparer is your first point of contact and works in the best interest of the client NOT the IRS. We are educated and will help guide you along the way with anything that comes our way. Most common reasons you could receive a letter in the mail are, Identity Verifications, requesting additional information,(1095-A) Healthcare through the marketplace, and Reviews.

Please refer to your preparer for guidance on the next step.