Njoroge Tax and Business Services

Njoroge Tax and Business Services We provide tax services, financial and business consultancy including registration and business plans

02/24/2022

To all my Facebook friends:
Please be aware that my Facebook account and messager accounts have been hacked.Please do not accept and friend request from someone pretending to be me and soliciting for any cause whatsoever.It is simply irresponsible and fraudulent.Please report any such infraction to Facebook.Thanks indeed for taking this matter seriously and for playing your part to keep us all safe on social media platforms.

01/24/2022

We are at your service.Whether you area returning client or a new one, we value your support and do not take you for granted. Kindly reach us at 404-319-9704, thru WhatsApp on the same number and thru our email [email protected]

01/24/2022

We invite everyone to 2022 tax filing season, confident of the integrity and confidence gained over several decades of our service to the nation we love, but most of all grateful for the unmerited grace that has been and continues to be the hallmark of our success as you allow us to serve you. Thanks a zillion, and happy successful tax season to you.

R-2022-15, January 19, 2022WASHINGTON — The Internal Revenue Service today urged employers to be aware of the January de...
01/24/2022

R-2022-15, January 19, 2022

WASHINGTON — The Internal Revenue Service today urged employers to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely helps employers avoid penalties and helps the IRS in fraud prevention.

A 2015 law made it a permanent requirement that employers file copies of their Form W-2, Wage and Tax Statements, and Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration by January 31.

Forms W-2 are normally due to workers by January 31. Forms 1099-MISC, Miscellaneous Information and Forms 1099-NEC, Nonemployee Compensation, are also due to taxpayers by January 31. Various other due dates related to Form 1099-MISC and Form 1099-NEC, including dates due to the IRS, can be found on the form's instructions PDF at IRS.gov.

Fraud detection
The normal January filing date for wage statements means that the IRS can more easily detect refund fraud by verifying income that individuals report on their tax returns. Employers can help support that process and avoid penalties by filing the forms on time and without errors.

The IRS and SSA encourage all employers to e-file. It is the quickest, most accurate and convenient way to file these forms. For more information about e-filing Forms W-2 and a link to the SSA's Business Services Online website, visit the SSA's Employer W-2 Filing Instructions & Information website at SSA.gov/employer.

Use same employer identification number on all forms
Employers should ensure the employer identification number (EIN) on their wage and tax statements (Forms W-2, W-3, etc.) and their payroll tax returns (Forms 941, 943, 944, etc.) match the EIN the IRS assigned to their business. They should not use their Social Security number (SSN) or Individual Taxpayer Identification number (ITIN) on forms that ask for an EIN.

If an employer used an EIN (including a prior owner's EIN) on their payroll tax returns that's different from the EIN reported on their W-3, they should review General Instructions for Forms W-2 and W-3 PDF, Box h—Other EIN used this year.

Filing these forms with inconsistent EINs or using another business's EIN may result in penalties and delays in processing an employer's returns. Even if an employer uses a third-party payer (such as a Certified Professional Employer Organization, Professional Employer Organization, or other third party) or a different entity within their business to file these documents, the name and EIN on all statements and forms filed must be consistent and exactly match the EIN the IRS assigned to their business. For more information on third-party arrangements, see Publication 15, Employer's Tax Guide.

Extensions
Employers may request a 30-day extension to file Forms W-2 by submitting a complete application on Form 8809, Application for Extension of Time to File Information Returns by January 31. However, one of the criteria in Section 7 of Form 8809 must be met for the extension to be granted.

Filing Form 8809 does not extend the due date for furnishing wage statements to employees. A separate extension of time to furnish Forms W-2 to employees must be filed by January 31. See Extension of time to furnish Forms W-2 to employees for more information.

Additional information can be found on the instructions for Forms W-2 & W-3 and the Information Return Penalties page at IRS.gov.

Page Last Reviewed or Updated: 19-Jan-2022
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Employer W-2 Filing Instructions & Information

01/24/2022

IR-2022-16, January 20, 2022

WASHINGTON — With filing season beginning January 24, the Internal Revenue Service reminded taxpayers about several key items to keep in mind when filing their federal income tax returns this year.Given the unprecedented circumstances around the pandemic and unique challenges for this tax season, the IRS offers a hecklist that can help many people speed tax return processing and refund delivery while avoiding delays.

1. File an accurate return and use e-file and direct deposit to avoid delays. Taxpayers should electronically file and choose direct deposit as soon as they have everything they need to file an accurate return. Taxpayers have many choices, including using a trusted tax professional. For those using e-file, the software helps individuals avoid mistakes by doing the math. It guides people through each section of their tax return using a question-and-answer format.

2. For an accurate return, collect all documents before preparing a tax return; make sure stimulus payment and advance Child Tax Credit information is accurate. In addition to collecting W-2s, Form 1099s and other income-related statements, it is important people have their advance Child Tax Credit and Economic Impact Payment information on hand when filing.

Advance CTC letter 6419: In late December 2021, and continuing into January, the IRS started sending letters to people who received advance CTC payments. The letter says, "2021 Total Advance Child Tax Credit (AdvCTC) Payments" near the top and, "Letter 6419" on the bottom righthand side of the page. Here's what people need to know:
The letter contains important information that can help ensure the tax return is accurate.
People who received advance CTC payments can also check the amount of the payments they received by using the CTC Update Portal available on IRS.gov.
Eligible taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance Child Tax Credit payments can claim the full credit by filing a tax return.
Third Economic Impact Payment letter 6475: In late January 2022, the IRS will begin issuing letters to people who received a third payment in late January 2021. The letter says, "Your Third Economic Impact Payment" near the top and, "Letter 6475" on the bottom righthand side of the page. Here's what people need to know:
Most eligible people already received their stimulus payments. This letter will help individuals determine if they are eligible to claim the Recovery Rebate Credit (RRC) for missing stimulus payments.
People who are eligible for RRC must file a 2021 tax return to claim their remaining stimulus amount.
People can also use IRS online account to view their Economic Impact Payment amounts.
Both letters – 6419 and 6475 – include important information that can help people file an accurate 2021 tax return. If a return includes errors or is incomplete, it may require further review while the IRS corrects the error, which may slow the tax refund. Using this information when preparing a tax return electronically can reduce errors and avoid delays in processing.

3. Avoid lengthy phone delays; use online resources before calling the IRS. Phone demand on IRS assistance lines remains at record highs. To avoid lengthy delays, the IRS urges people to use IRS.gov to get answers to tax questions, check a refund status or pay taxes. There's no wait time or appointment needed — online tools and resources are available 24 hours a day.

Additionally, the IRS has several ways for taxpayers to stay up to date on important tax information:

Follow the IRS' official social media accounts and email subscription lists to stay current on the latest tax topics and alerts.
Download the IRS2Go mobile app, watch IRS YouTube videos, or follow the IRS on Twitter, Facebook, LinkedIn and Instagram for the latest updates on tax changes, scam alerts, initiatives, products and services.
Taxpayers can also get information in their preferred language. The IRS translates tax resources into several languages and currently has basic tax information in 20 languages. People can also file Schedule LEP, Request for Change in Language Preference, to receive written communications from the IRS in their preferred language.

We're here for you. Ready and willing to serve you. Contact us today!
12/11/2021

We're here for you. Ready and willing to serve you. Contact us today!

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1076 Lakeridge Court
Grayson, GA
30017

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