GBC Kentucky- Washington County Tax, Accounting, & Life Insurance Store #29

03/21/2022

If you have a lot of tax knowledge and are above board, you should be charging at least 3X more than the bogus tax preparers that have pictures of themselves holding wads of cash on their website.

People value doing the right thing the right way!

Tax TeleGraf

11:27 AM · Oct 11, 2021·Twitter Web App

“If you have a lot of tax knowledge and are above board, you should be charging at least 3X more than the bogus tax preparers that have pictures of themselves holding wads of cash on their website. People value doing the right thing the right way!”

02/16/2022

Tax time is upon us again...

If you received the third stimulus payment (also known as EIP3) or any Child Tax Credit payments between July and December of 2021, you should keep an eye out for Letter 6475 or Letter 6419 from the IRS.

MAKE SURE YOUR TAX PREPARER has a copy!

02/16/2022

If you are interested in becoming a client, please fill out the On The Fly with GBC Initial Contact Form & I will get back to you as soon as possible. If you would rather schedule an appointment, you can do so by clicking the BOOK NOW BUTTON at the top of my page

https://ontheflywithgbc.hbportal.co/schedule/62085060fb18df1ce7cbbb35

02/14/2022

If you are interested in becoming a client, please fill out the On The Fly with GBC Initial Contact Form & I will get back to you as soon as possible. If you would rather schedule an appointment, you can do so by clicking the BOOK NOW BUTTON at the top of my page

Many years of Experience in bookkeeping and tax preparation

01/14/2022

Tax time is upon us again...

If you received the third stimulus payment (also known as EIP3) or any Child Tax Credit payments between July and December of 2021, you should keep an eye out for Letter 6475 or Letter 6419 from the IRS.

Letter 6475 lists the amount of your third stimulus payment delivered by the IRS in 2021. The letter includes information on any plus-up payments, too.

Letter 6419 lists how much of the Child Tax Credit (CTC) you received in advance in 2021 and how many qualifying children those payments were based on.

05/06/2021

Many of you have contacted me about receiving notices on your stimulus payments...

From the IRS:

COVID Tax Tip 2021-58, April 28, 2021

05/06/2021

Filing season reminder:
An extension to file is not an extension to pay taxes

For most individual taxpayers the tax filing and payment deadline was postponed to May 17. Those who need more time to file beyond the postponed date, can request an extension to file.

Taxpayers must request an extension to file by May 17, or they may face a failure to file penalty. This extension gives them until October 15 to file their tax return. An extension to file is not an extension to pay. Taxes must be paid by May 17 to avoid penalties and interest on the amount owed after that date.



How to request an extension to file

To get an extension to file, the IRS urges taxpayers to do one of the following:

File Form 4868 through their tax professional, tax software or by using Free File on IRS.gov.
Submit an electronic payment with Direct Pay, Electronic Federal Tax Payment System or by debit, credit card or digital wallet and select Form 4868 or extension as the payment type.


An automatic extension of time to file will process when taxpayers pay all or part of their taxes electronically by the Monday, May 17 due date.

Some taxpayers may have extra time to file their tax returns and pay any taxes due. This includes some disaster victims, taxpayers living overseas, including members of the military, and eligible support personnel serving in combat zones.

https://www.irs.gov/newsroom/filing-season-reminder-an-extension-to-file-is-not-an-extension-to-pay-taxes

COVID Tax Tip 2021-62, May 5, 2021

04/29/2021

Taxpayers Can Still Get a Tax Deduction by Setting Up an IRA Before May 17, 2021. https://t.co/Q1nNPr62nB

https://www.cpapracticeadvisor.com/tax-compliance/news/21219445/taxpayers-can-still-get-a-tax-deduction-by-setting-up-an-ira-before-may-17-2021

If you qualify and beat the tax return deadline, you can take an above-the-line deduction for an IRA contribution. Thus, the contribution may effectively reduce your 2020 tax liability.

04/19/2021

If I have provided a service to you, please provide a review. I can only grow and develop if I know where to focus my efforts. Thanks y'all! Hope this tax season has been gentle to you!

04/02/2021

👀 🌐 University students and staff should be aware of IRS impersonation email scam 👀🌐

People should be aware of an ongoing IRS-impersonation scam that appears to target educational institutions, including students and staff who have .edu email addresses. The suspect emails display the IRS logo and use various subject lines, such as Tax Refund Payment or Recalculation of your tax refund payment. It asks people to click a link and submit a form to claim their refund.

The scam website requests taxpayers provide their:

Social Security number
First name
Last name
Date of birth
Prior year annual gross income
Driver's license number
Current address
City
State/U.S. territory
ZIP code/postal code
Electronic filing PIN
Taxpayers who believe they have a pending refund can easily check on its status using the Where's My Refund tool on IRS.gov.

Here are a few things people can do if they believe they are a target of the scam:

Report the scam: People who receive this scam email should not click on the link in the email and report it to the IRS. For security reasons, they should save the email using save as and then send that attachment to [email protected] or forward the email as an attachment to [email protected].

Get an Identity Protection PIN: Taxpayers who believe they may have provided identity thieves with their personal information should consider immediately obtaining an Identity Protection PIN. This is a voluntary opt-in program. An IP PIN is a six-digit number that helps prevent identity thieves from filing fraudulent tax returns in the victim's name.

Report identity theft: Taxpayers who attempt to e-file their tax return and find it rejected because a return with their SSN has been filed should file a Form 14039, Identity Theft Affidavit to report themselves as a possible identity theft victim. See Identity Theft Central to learn about the signs of identity theft and actions to take.

Get My Payment Get Your Refund Status Get Coronavirus Tax Relief File Your Taxes for Free Get Your Tax Record View Your Account Make a Payment Get Answers to Your Tax Questions Forms and Instructions 1040 and Schedules 1-3 Individual Tax Return Other 1040 Schedules Information About the Other Schedu...

03/31/2021

The IRS announced on March 31, 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 law change made by the American Rescue Plan Act.

The IRS announced on March 31, 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 law change made by the American Rescue Plan Act.