Vera Lanora Jenkins Gardner Accting Services

09/10/2022

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The IRS announced today that they will provide penalty relief for most people and businesses who file certain 2019 and 2020 tax returns late. In order to qualify for the relief, eligible income tax returns must be filed before September 30, 2022. The IRS will also be refunding late filing penalties paid to taxpayers who previously filed their 2019 or 2020 tax returns late. Refunds are expected to be fully issued by the end of September. For those who have already filed their returns and penalties were imposed they will receive a check in the mail and those who have not filed, please file by September 30, 2022.

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04/13/2020

Stimulus Information:

Didn't have to file taxes for 2018 and/or 2019, you can still file a zero dollar return and be eligible for a Stimulus (EIP) Check...read below:

Most taxpayers do not need to take action in order to receive their Economic Impact Payment (EIP).

Taxpayers who are not typically required to file a tax return can now file a simple return electronically. A simple return is a return with filing status single or married filing joint and $0 income. Filing a simple return for taxpayers other than those listed below will allow household and direct deposit information to be filed with the IRS. The IRS will use the information from the simple return to direct deposit or mail an Economic Impact Payment (EIP) to these taxpayers.

Social Security recipients who are not otherwise required to file a return will not need to file a simple return in order to receive their Economic Impact Payments (EIP). The Department of Treasury will automatically deposit the payments into their bank accounts.

Taxpayers who have already filed a 2018 or 2019 tax return that included direct deposit information will automatically receive their Economic Impact Payment (EIP) via direct deposit into the account. Taxpayers who did not include direct deposit information on their 2018 or 2019 tax return will receive their Economic Impact Payment (EIP) by mail at the home address entered in the return.

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02/21/2020

Refund Information.....hope this helps....

Tax Refund Schedule 2020

Many people dread tax season. But if you’re expecting a tax refund for the 2019 tax season (filed in 2020), you’ve got something to look forward to. With your extra funds, you may be able to pay off some debt, start saving in a high-interest savings account or otherwise get serious about your financial plan. Wondering when your refund will arrive? Most people will get their tax refund within three weeks, but it varies based on how you file and how you get your refund. Check out our chart below to see the refund schedule and how long it takes for the IRS to issue refunds.

When Will I Receive My Tax Refund?

The Where’s My Refund? tool lets you check the status of your refund through the IRS website or the IRS2Go mobile app. If you submit your tax return electronically, you can check the status of your refund within 24 hours. But if you mail your tax return, you’ll need to wait at least four weeks before you can receive any information about your tax refund. Keep in mind that you can file your 2019 taxes starting on January 27.

FEDERAL TAX REFUND SCHEDULE

Time from the day you file until you receive your refund*

E-File, Direct Deposit ... 3 weeks
Paper File, Direct Deposit ... 1-3 weeks
E-File, Check in Mail ... 1 month..
Paper File, Check in Mail ... 2 months

In order to find out the status of your tax refund, you’ll need to provide your Social Security number (SSN), filing status and the exact dollar amount of your expected refund. If you accidentally enter the wrong SSN, it could trigger an IRS Error Code 9001. That may require further identity verification and delay your tax refund.

Most taxpayers receive their refunds within 21 days. If you choose to have your refund deposited directly into your account, you may have to wait five days before you can gain access to it. If you request a refund check, you might have to wait a few weeks for it to arrive. The table below will give you an idea of how long you’ll wait, from the time you file, until you get your refund.

*Note that these are just guidelines. Based on how you file, most filers can generally expect to receive a refund within these time frames.

What’s Taking So Long?

If you don’t receive your refund in 21 days, your tax return might need further review. This may happen if your return was incomplete or incorrect. The IRS may send you instructions through the mail if it needs additional information in order to process your return.

You may also experience delays if you claimed the Earned Income Tax Credit or the Additional Child Tax Credit. Under the Protecting Americans from Tax Hikes (PATH) Act of 2015, the IRS is required to hold tax returns for folks who claimed those credits until Feb. 15. If you claimed either of those tax breaks, a PATH Act message may appear when you use the Where’s My Refund? tool.

If you haven’t received your refund and you’re becoming impatient, calling the IRS might not help. It’s best to avoid contacting the IRS directly unless the Where’s My Refund tool prompted you to do so or it’s been 21 days since you filed your tax return electronically (or six weeks since you mailed your paper tax return).

What we’ve covered so far applies to federal tax refunds. As you might expect, every state does things a little differently when it comes to issuing tax refund.

Generally, you can expect to receive your state tax refund within 30 days if you filed your tax return electronically. If you filed a paper tax return, it may take as many as 12 weeks for your refund to arrive. To find out the status of your refund, you’ll need to contact your state tax agency or visit your state’s Department of Revenue website.

When Are Taxes Due?

The deadline to submit your 2019 tax return and pay your tax bill is April 15, 2020. If you can’t meet the tax filing deadline, you can file for an extension. But the sooner you file, the sooner you can receive your tax refund. The earliest you can submit your 2019 tax return is January 27, 2020.
Final Word

If you want to receive your tax refund as quickly as possible, you’ll need to complete your tax return early, check for mistakes before submitting it and file electronically. And while you can ask for a physical check, you’ll receive your refund much faster if it’s deposited directly into your checking account, savings account or your individual retirement account (IRA). If you’re anxious about the status of your tax refund, don’t forget to use the IRS Where’s My Refund tool. It provides real-time updates on the status of your refund.

If you’ve got a significant refund coming your way, you might consider talking to a financial advisor about how to invest the extra cash.

02/17/2019

Notifications
IRS Information on Refunds With EIC and ACTC02/15/2019 14:31 PM
The IRS reminded taxpayers last week that "By law, the IRS cannot release tax refunds for Earned Income Tax Credit or the Additional Child Tax Credit related tax returns before mid-February. Where's My Refund? will be updated by Feb. 23 for most early filers who claimed EIC or ACTC. These taxpayers will not see a refund date on Where's My Refund? until then. The earliest EIC and ACTC related refunds should be available in taxpayer bank accounts and debit cards starting Feb. 27, if taxpayers used direct deposit and there are no other issues with their tax returns."

02/17/2019

Information about refunds!!!!!

06/08/2017

Thanks to everyone who did business with us again this year and to those who came for the first time. I hope you were pleased with the service. God Bless You All😇😇😇!!!!
Love,
Ms. Vera and all her staff

06/17/2016

New Federal Tax Law - May Affect Some Refunds in Early 2017

New Federal Tax Law May Affect Some Refunds in Early 2017; IRS to Share Details Widely with Taxpayers Starting This Summer.

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.

This is one more step the IRS is taking to ensure taxpayers receive the refund they are owed. The IRS plans to work closely with stakeholders and IRS partners to help the public understand this process before they file their tax returns and ensure a smooth transition for this important law change.

More information about this law will be posted to IRS.gov and shared with partners and taxpayers throughout the second half of 2016.

01/10/2015

It's that time of year again and I'm waiting to hear from you.....
I have left the Health Department and I'm hear for you FULL-TIME!!!

Stop Overpaying....
Don't Be Fooled By The Gimmicks........
Come See Ms. Vera (the name you can trust).......
AND REMEMBER ~ TELL A FRIEND