Blessings be upon us all in this most trying and difficult time. I pray that you all are safe and secure. I beg that you find peace and be strong standing warriors.
Many states, if not all have offered extensions for time to file your state tax returns. You have to check and make sure that your state is one of them that has offered such. This was a message on the California Franchise Tax Boards official website:
Sacramento: The Franchise Tax Board announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments to June 15, 2020, for all tax filings and payments due between March 15,2020 through June 15, 2020.
For California, this included/includes business and personal returns.
You can find information about your state by going to irs.gov
find State Government Websites, find your state and click on it.
Feel free to reach out if you have a question or need tax preparation. I work all year, all states and past year return preparation is never a problem.
https://wandaegreen.webs.com
Wanda
Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts
Wednesday, March 18, 2020
Friday, February 4, 2011
Money is tight for ya, ain't it ?
Have you built a repoir with your tax practitioner ? Trust , we know that it's tough out there for you. You want to have your tax return prepared as soon as you receive your W2(s), but you just don't have the funds. Speak up ! Talk to your tax professional about financing, partial payments, credit card payments, and even a barter agreement....Look, I'll take quarters if that's all that you have.
The quickest way to get a little money is to prepare your taxes and to get your refund. Don't miss your filing deadline because you didn't have all the money at one time to prepare your taxes.
Always accurate and affordable tax preparation...always free efile and direct deposit.
Wanda
wandaegreen@yahoo.com
818.934.1580
Visit my other blog...Los Angeles Daily Photo...http://dailyphotosofla.blogspot.com
The quickest way to get a little money is to prepare your taxes and to get your refund. Don't miss your filing deadline because you didn't have all the money at one time to prepare your taxes.
Always accurate and affordable tax preparation...always free efile and direct deposit.
Wanda
wandaegreen@yahoo.com
818.934.1580
Visit my other blog...Los Angeles Daily Photo...http://dailyphotosofla.blogspot.com
Thursday, March 18, 2010
Avoiding tax errors
The IRS has just sent out a directive (Tip 2010-52) that points out the following errors to avoid during this tax season. Any one of these errors may impede the processing of your tax return and delay the receipt of your refund.
Your tax professional should already be aware of the errors and should have already incorporated steps to ward off such errors. None the less we are human, and sometimes errors happen. If you are doing your taxes yourself, please be aware of the following common errors.
1) Incorrect or missing social security numbers. Because of e-filing, the missing social security number is usually never an issue. Without a ss # the return would never be allowed to be transmitted. With an incorrect ss#, the return can be submitted, but would result in a reject, and an additional fee for re-transmittal.
2) Incorrect or misspelling of dependent’s last name. You must review your tax return (if you can) before it is transmitted. If you are with your preparer at the time of processing, they should be asking you to review your return, before the transmitt, or concluding of your appointment.
3) Filing status. Make sure the correct filing status has been used for your situation. You may fall into more than one status, but your preparer should use the filing staus that results in the best benefit for you.
4) Math errors. This usually happens when a preparer or tax payer are processing taxes by hand and not using a professional electronic system; none the less, a math error can and will delay your receipt of a refund if you are due one.
5) Computation errors. Same deal here. If you are manually processing your tax return, or your tax practitioner is, this could be a costly error. A computation error is when one looks at and uses the wrong figures from the tax table, W2s, EIC tables...or any documents, or tables used where figures need to be entered.
6) Incorrect bank account numbers for Direct Deposit. Make sure you and or your practioner are looking at your check while entering your bank account information (that's if the refund is to be deposited into your checking account). Your refund can be deposited into your savings account or money market as well. Transmitting the incorrect information will cause a reject by your banking institution, which delays the receipt of your refund.
7) Forgetting to sign and date the return. Any paper return must be signed by the taxpayers. In the case of married filing jointly, both spouses must sign.
8) Incorrect Adjusted Gross Income information. When an individual (taxpayer) transmits their own return (files electronically), they need to have a pin # (personal identification number), and inorder to sign electronically, you need to know your exact AGI (Adjusted Gross Income), from the prior tax year. This is done to ensure your identity.
9) Claiming the Making Work Pay Tax Credit.....This is the exact wording of the IRS...Taxpayers with earned income should claim the Making Work Pay Tax Credit by attaching a Schedule M, Making Work Pay and Government Retiree Credits to their 2009 Form 1040 or 1040 A. Taxpayers who file Form 1040-EZ will use the worksheet for Line 8 on the back of the 1040-EZ to figure their Making Work Pay Tax Credit. The credit is worth up to $400 for individuals and $800 for married couples filing jointly. Many people who worked during 2009 are slowing down the processing of their tax return by not properly claiming this credit.
As always....
Always affordable tax preparation, always free efile and direct deposit.
I look forward to being your tax professional.
Your questions are always welcomed.
Blessings Always
Wanda E Green (Uigei)
wandaegreen@yahoo.com
323.898.2330
Your tax professional should already be aware of the errors and should have already incorporated steps to ward off such errors. None the less we are human, and sometimes errors happen. If you are doing your taxes yourself, please be aware of the following common errors.
1) Incorrect or missing social security numbers. Because of e-filing, the missing social security number is usually never an issue. Without a ss # the return would never be allowed to be transmitted. With an incorrect ss#, the return can be submitted, but would result in a reject, and an additional fee for re-transmittal.
2) Incorrect or misspelling of dependent’s last name. You must review your tax return (if you can) before it is transmitted. If you are with your preparer at the time of processing, they should be asking you to review your return, before the transmitt, or concluding of your appointment.
3) Filing status. Make sure the correct filing status has been used for your situation. You may fall into more than one status, but your preparer should use the filing staus that results in the best benefit for you.
4) Math errors. This usually happens when a preparer or tax payer are processing taxes by hand and not using a professional electronic system; none the less, a math error can and will delay your receipt of a refund if you are due one.
5) Computation errors. Same deal here. If you are manually processing your tax return, or your tax practitioner is, this could be a costly error. A computation error is when one looks at and uses the wrong figures from the tax table, W2s, EIC tables...or any documents, or tables used where figures need to be entered.
6) Incorrect bank account numbers for Direct Deposit. Make sure you and or your practioner are looking at your check while entering your bank account information (that's if the refund is to be deposited into your checking account). Your refund can be deposited into your savings account or money market as well. Transmitting the incorrect information will cause a reject by your banking institution, which delays the receipt of your refund.
7) Forgetting to sign and date the return. Any paper return must be signed by the taxpayers. In the case of married filing jointly, both spouses must sign.
8) Incorrect Adjusted Gross Income information. When an individual (taxpayer) transmits their own return (files electronically), they need to have a pin # (personal identification number), and inorder to sign electronically, you need to know your exact AGI (Adjusted Gross Income), from the prior tax year. This is done to ensure your identity.
9) Claiming the Making Work Pay Tax Credit.....This is the exact wording of the IRS...Taxpayers with earned income should claim the Making Work Pay Tax Credit by attaching a Schedule M, Making Work Pay and Government Retiree Credits to their 2009 Form 1040 or 1040 A. Taxpayers who file Form 1040-EZ will use the worksheet for Line 8 on the back of the 1040-EZ to figure their Making Work Pay Tax Credit. The credit is worth up to $400 for individuals and $800 for married couples filing jointly. Many people who worked during 2009 are slowing down the processing of their tax return by not properly claiming this credit.
As always....
Always affordable tax preparation, always free efile and direct deposit.
I look forward to being your tax professional.
Your questions are always welcomed.
Blessings Always
Wanda E Green (Uigei)
wandaegreen@yahoo.com
323.898.2330
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