JM Tax Service LLC

03/01/2024

I appreciate all your time and patience during this expanding tax season. Most of you have been with me since day one and I am forever grateful to you all! I will be in contact as soon as I am able ❤️

04/19/2023

We made it through 2022 tax season! Thanks to all for your continued support over the years. I wouldn’t have made it this far without you all. Have a blessed year and I’ll be reaching out in May for income analyzations ❤️

01/11/2023

Unfortunately, as of now I will only be accepting a minimal amount of new clients and referrals. I will send out an updated privacy policy as soon as it is available.

The IRS will not begin accepting tax returns until 01/24/23. Feel free to email me your tax documents as they are received.

Contact me directly with any questions or inquiries. Wishing everyone a happy, healthy and safe new year 🥳

04/22/2022

Thanks to all for another great successful tax season, until next year 😎

04/14/2022

From 🥸 to 😎 in 2.2 👍

03/23/2022

3/23/22 JMTS Update…

I expect to have all emails, totals and signature pages out by end of business today. All correspondence will be sent in the order they were received.

Yesterday morning, I unexpectedly lost an immediate family member so please bare with me during this difficult time.

If you require immediate tax attention, please contact me directly.

Thank you all for your patience,
Respectively

03/04/2022

Some light humor to brighten your day ☀️

08/16/2021

IRS reminds heavy vehicle owners of Aug. 31 highway use tax return deadline

IRS YouTube Video:
Truckers: Mark Your Calendars To File Form 2290

WASHINGTON — The Internal Revenue Service reminds those who have registered, or are required to register, large trucks and buses that it’s time to file Tax Year 2021 Form 2290, Heavy Highway Vehicle Use Tax Return. The deadline to file and pay is Aug. 31, 2021, for vehicles used on the road during July 2021.

The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. Taxpayers unsure if they must file can use the IRS online tool, “Do I Need to Pay the Heavy Highway Vehicle Use Tax?” The question-and-answer format helps owners determine if they are required to pay the highway use tax. The “Understanding Form 2290 – Heavy Highway Vehicle Use Tax” recorded webinar is also available.

Ready to file? Gather information.. ..

Employer Identification Number (EIN) – not a Social Security number. For those who do not have one, it can take about four weeks to establish a new EIN. See How to Apply for an EIN.
Vehicle Identification Number and taxable gross weight of each vehicle.

How to file

E-file is required when reporting 25 or more vehicles on Form 2290 and is the preferred filing method. The IRS provides a watermarked Schedule 1 within minutes after accepting the electronically filed return.
Visit IRS.gov for a list of IRS-approved e-file providers.

On paper. Complete and mail Form 2290. Expect to receive the stamped Schedule 1 within 6 weeks after the IRS receives the form. See Tax Year 2021 Instructions for Form 2290 for the correct mailing address.

How to Pay

Pay by credit card or debit card.
Electronic funds withdrawal can be authorized as part of the e-file process.
Electronic Federal Tax Payment System; requires advanced enrollment.
Check or money order using Form 2290-V, Payment Voucher, mailed to: Internal Revenue Service, P.O. Box 932500, Louisville, KY 40293-2500.

Vehicle registration date

The filing deadline is not tied to the vehicle registration date. Regardless of the vehicle’s registration renewal date, taxpayers must file Form 2290 by the last day of the month following the month in which the taxpayer first used the vehicle on a public highway during the taxable period.

For more information, visit the Trucking Tax Center at IRS.gov/trucker (also available in Spanish). Need more help? Call the Form 2290 Call Site, weekdays between 8 a.m. and 6 p.m. Eastern time. From the U.S., 866-699-4096 (toll-free), from Canada or Mexico, 859-320-3581 (not toll-free).

For more information, see Frequently Asked Questions for Truckers who e-file (also available in Spanish) and Frequently Asked Questions for Indian Tribal Governments Regarding Highway Use Tax.

Back to Top

Review information on filing Form 2290, Heavy Highway Vehicle Use Tax Return, and other tax tips, trends and statistics related to the trucking industry.

07/14/2021

The Child Tax Credit Update Portal allows families to update direct deposit information or unenroll

The IRS recently upgraded the Child Tax Credit Update Portal to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment. The tool also allows families to unenroll from the advance payments if they don’t want to receive them. The Update Portal is available only on IRS.gov.

Any updates made by August 2 will apply to the August 13 payment and all subsequent monthly payments for the rest of 2021. Families will receive their July 15 payment by direct deposit in the bank account currently on file with the IRS.

People without current bank account information can use the online tool to update their information so they can get the payments sooner by direct deposit. Those who are not enrolled for direct deposit will receive a check.

How to update direct deposit information
First, families should use the Child Tax Credit Update Portal to confirm their eligibility for payments. If eligible, the tool will also indicate whether they are enrolled to receive their payments by direct deposit.

If so, it will list the full bank routing number and the last four digits of their account number. This is the account that will receive their July 15 payment.

If they choose, they can change the bank account receiving the payment starting with the August 13 payment.

If the Update Portal shows a family is eligible to receive payments but not enrolled to receive them by direct deposit, they will receive a mailed check each month. If they want to receive their payments by direct deposit, they can use the Update Portal to add their bank account information. Couples who are married and file jointly must both update their bank account information the same day to the same account to continue getting joint payments.

Any family receiving checks should consider switching to direct deposit to access their money quicker. Direct deposit removes the time, worry and expense of cashing a check, and eliminates the chance of a lost, stolen or undelivered check. People who don’t have a bank account can visit the Federal Deposit Insurance Corporation website for details on opening an account online or use the FDIC's BankFind tool to locate an FDIC-insured bank. BankOn, American Bankers Association, Independent Community Bankers of America, and the National Credit Union Administration have lists of banks and credit unions that can open an account online.

Families can stop payments anytime
Even after payments begin, families can stop all future monthly payments by using the unenroll feature in the Child Tax Credit Update Portal. Eligible families who make this choice will still receive the rest of their child tax credit as a lump sum when they file their 2021 federal income tax return next year. To stop all payments starting in August and the rest of 2021, they must unenroll by August 2, 2021.

Who should unenroll?
Some families may prefer to receive the entire credit as a refund when they file their 2021 return. The portal’s unenroll feature can also be helpful to any family that no longer qualifies for the child tax credit or believes they will not qualify when they file their 2021 return. Married filing joint taxpayers both need to unenroll. If one spouse does not unenroll, they will get half of the joint payment they were supposed to receive with their spouse.

For more information about the unenrollment process, including deadlines, see Topic J of the Child Tax Credit FAQs on IRS.gov.

The IRS will add more features to the Child Tax Credit Update Portal through the summer and fall. Soon people will be able update their mailing address. By fall, people will be able to use the tool to update changes to family status and income. More information is on the Advance Child Tax Credit Payments in 2021 page of IRS.gov

COVID Tax Tip 2021-101, July 14, 2021

05/16/2021