One Star Electronic Tax Service #2

08/17/2024

01/19/2023

What is the difference between contractor and subcontractor?

Subcontractors report to the contractor, who is ultimately responsible to the client for their work. Therefore, the subcontractor is liable to the contractor, but not directly to the client.

01/14/2023

https://www.cbsnews.com/news/tax-refund-irs-issued-12-million-refunds-for-2020-taxes/

The tax agency said it just finished sending the refunds to workers who paid tax on unemployment benefits that they didn't owe.

02/27/2022

Clients, future clients, and taxpayers in general. This post will apply to most men. The IRS commonly audits men that claim the Earned Income Tax Credit. Society has gotten better, but is still coming to the realization that men can actually be the custodial parent. If you receive a letter in the mail, typically a huge envelope asking you for proof that the children live with you, belong to you, and also your proof of residence, this does not mean your taxes were prepared incorrectly. This simply means that the IRS wants you to prove you are eligible for this credit. While this is a service outside of tax PREPARATION, we too are concerned with the process because it also means we have rendered a service and have not yet been compensated. We do not open at 6am on any day, nor does the IRS. We only know what you tell us and the information you provide to us. If the IRS requires something extra like rent receipts, school records etc, it is your responsibility to provide that to them. Tax refunds are NOT certain, please be mindful and understand that we are on the same side of non payment as you are when you choose to have our fees taken out of your refund. If you have not received your funds neither have we. The IRS processes returns according to THEIR timeline not ours. If your sister, or brother or mother receives their money before you, but you filed first, that is an IRS conversation not a preparer conversation. Be sure to give them the name of the person who receives their money before you did so they can cross reference why so that you will know going forward what to look for. Please enjoy this day and process this post.

01/06/2022

It is important to have this letter before filing to avoid delays. If you choose to file without this letter, fees will be due at the time of service.

IR-2021-255, December 22, 2021 — The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January. Using this information when p...

04/28/2021

People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.

04/01/2021

IR-2021-71, March 31, 2021 — To help taxpayers, the Internal Revenue Service announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue P...

03/23/2021

For people with direct deposit, the $1,400-per-person payments began processing on Friday, and the official pay date will be Wednesday.

03/20/2021

The IRS will automatically process refunds for individuals who paid taxes on their unemployment benefits before Congress passed a law making those payments tax-free, Commissioner Chuck Rettig said.

01/26/2021

https://www.google.com/amp/s/komonews.com/amp/news/consumer/irs-delays-start-of-tax-filing-season

Some bad news for anyone counting on their federal tax refund to come in mid-February – it isn’t going to happen this year. The IRS has delayed the start of the filing season until Feb. 12. Normally, the agency starts accepting tax returns in late January. Why the delay? The IRS says it....

01/17/2021

https://www.google.com/amp/s/www.cnet.com/google-amp/news/missing-stimulus-check-you-may-need-to-request-an-irs-payment-trace/

In certain cases, you may need to contact the IRS to track down your second stimulus check. Here's what to know.

01/15/2021

https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic?_bta_tid=40500753971401967057758101148602393450083774126238267270022135577583279237874993720456607312149102045796364

IR-2021-16, January 15, 2021 — The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.