The time is tax season is almost upon us!
There are various things to know about tax season for this coming year.
According the IRS, there are many new changes that are about to take place. For example, Many ITINs (Individual Taxpayer Identification Number) are going to start to expire in January 1st.
"An Individual Taxpayer Identification Number (ITIN) is used by anyone who has tax-filing or payment obligations under U.S. law but is not eligible for a Social Security number. Under a recent law change by Congress, any ITIN not used on a tax return at least once in the past three years will expire on Sunday, Jan. 1, 2017."
"In addition, any ITIN with middle digits of either 78 or 79 (9NN-78-NNNN or 9NN-79-NNNN) will also expire on that date.This means that anyone with an expiring ITIN should act now to make sure they have a renewed ITIN in time to file a return during the upcoming tax season. Failure to do so will result in refund delays and possible loss of eligibility for some tax benefits until the ITIN is renewed"
Be sure to keep up-to-date with the latest news for this new tax filing season! Click on the IRS link below to check "Take Steps Now for Tax Filing Season".!
What one need to bring to start filing for Tax season? There are several essential items that you will need to bring. They are the following items:
-Birth Certificate
-Social Security #
-Form 95 (Medical Insurance)
-Form 1098 T
-Form 1098 Interest
-Form W-2
-Residence confirmation
-Unemployment evidence (only if you got unemployment benefits/money)
When does Tax season start? Tax season begin January the 23rd and ends April 15. Doing you taxes early can help avoid taxes and late fees! As such, we highly recommend to start doing you taxes early to avoid extra charges from the IRS.
Office Hours for Tax Season:
Monday-Friday
7am - 7pm+
Saturday
7am - 5pm
Sunday
Closed
Although we say that we close at 7pm Monday through Friday, we usually close at a later time if we still have customers waiting. So feel free to com, we will not close until all of our customers are attended if you come during our open hours!
