Robison Financial Services, LLC

01/19/2017

For those who have been asking about when the IRS will start accepting returns and why refunds are going to be processed late for some individuals

The Internal Revenue Service has announced initial plans for processing tax returns involving the Earned Income Tax Credit and Additional Child Tax Credit during the opening weeks of the 2017 filing season. The IRS is sharing the information now to help the tax community prepare for the 2017 season, and plans are being made for a wider communication effort this summer and fall to alert taxpayers about the changes that will affect some early filers.
This action is driven by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) that was enacted Dec. 18, 2015, and made several changes to the tax law to benefit taxpayers and their families. Section 201 of this new law mandates that no credit or refund for an overpayment for a taxable year shall be made to a taxpayer before Feb. 15 if the taxpayer claimed the Earned Income Tax Credit or Additional Child Tax Credit on the return.
This change begins Jan. 1, 2017, and may affect some returns filed early in 2017. Additional information is listed below.
To comply with the law, the IRS will hold the refunds on EITC and ACTC-related returns until Feb. 15.
This allows additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings.
The IRS will hold the entire refund. Under the new law, the IRS cannot release the part of the refund that is not associated with the EITC and ACTC.
Taxpayers should file as they normally do, and tax return preparers should also submit returns as they normally do.
The IRS will begin accepting and processing tax returns once the filing season begins, as we do every year. That will not change.
The IRS still expects to issue most refunds in less than 21 days, though IRS will hold refunds for EITC and ACTC-related tax returns filed early in 2017 until Feb. 15 and then begin issuing them.

09/20/2016

New email phishing scam targets mobile phone game users

Whether you have kids or you are a nostalgic kid of the ‘90s, you have probably heard about the latest mobile gaming craze, Pokemon Go. While the app allows you to catch virtual monsters in the real world, new scams are helping fraudsters catch your personal information, as well.

In August, a new email scam, or phishing scam, began to circulate, tricking players into paying for the free game. The email included a link to the supposed “full version” of the game, which victims purchased for $12.99, only to get nothing.

This isn’t the first mobile phone game fraud of its kind. So how do you protect yourself from phishing scams while still playing the games you love?

Play detective
Before you react to any email asking you to upgrade your service, check out the reply email address and company name. The correct company name should be a part of the email address.

Be skeptical
Did you sign up for the game with the email address they are sending mail to? Beware of email that has spelling mistakes and vague details.

Beware of clicking
Beware of emails with attachments and links. Embedded links can sometimes contain malware that can allow thieves to steal your information if you click on them.

01/29/2016

Does this sound like you?

I owe taxes, but I don’t know where the money went
I never know how much taxes I owe until the last minute
I don’t feel like my accountant is proactive with ideas to save me taxes
My bank is always complaining about not having financial statements
I can’t predict my cashflow, and it keeps me up at night
I feel my business is stuck, maybe even going backwards!
Can’t keep up with all of the new employee regulations

Let Robison Financial Services help correct the problems!

01/08/2016

Health Insurance Enrollment Deadlines Approaching

The deadline for purchasing health insurance for 2016 through the federal or a state Marketplace (or "Exchange') is January 31, 2016. Don't be caught without health insurance by missing the deadline.

The deadline for buying health insurance through a Marketplace with a February 1, 2016 effective date is January 15, 2016. The deadline for buying health insurance through a Marketplace with a March 1, 2016 effective date is January 31, 2016. In both cases, a partial tax penalty may apply because the coverage is not full-year coverage. .

Here are the key dates for the Health Insurance Marketplace:

Open Enrollment Period Began: November 1, 2015
Deadline for January 1, 2016 effective date: December 15, 2015
Deadline for February 1, 2016 effective date: January 15, 2016
Deadline for March 1, 2016 effective date: January 31, 2016
Open Enrollment Period Ends: January 31, 2016

The deadline for purchasing full-year health insurance through a Marketplace is past.

02/06/2015

Another reason to not use Turbo Tax. As of yesterday, Turbo Tax has stopped allowing transmittal of ALL state returns due to fraud..
Find a tax preparer!!

http://www.forbes.com/sites/kellyphillipserb/2015/02/06/turbotax-temporarily-halts-e-filing-in-all-states-amid-fraud-concerns/

The tax software giant, TurboTax, has temporarily put the brakes on transmitting state tax returns in all states following increased reports of fraudulent activity.

09/22/2014

Thank you Sean for posting. Please take the time to read.

Con artists have been filing bogus tax returns and collecting millions. Steve Kroft finds out how far the scam has gone and why the IRS hasn't been able to stop it

08/29/2014

The IRS is warning against answering calls from this #.

WASHINGTON - Americans are being warned about a new phone scam that is sweeping the country. The Internal Revenue Service says people claiming to be IRS agents are calling and demanding payments f...

03/05/2014

We now have a Notary Public for your convenience.