Tax Therapy, Incorporated

01/10/2022

📌The Internal Revenue Service announced that the nation's tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

Key filing season dates

There are several important dates taxpayers should keep in mind for this year’s filing season:

*January 24: IRS begins 2022 tax season. Individual 2021 tax returns begin being accepted and processing begins.

* April 18: Due date to file 2021 tax return or request extension and pay tax owed due to Emancipation Day holiday in Washington, D.C., even for those who live outside the area.

* April 19: Due date to file 2021 tax return or request extension and pay tax owed for those who live in MA or ME due to Patriots’ Day holiday

* October 17: Due date to file for those requesting an extension on their 2021 tax returns

**Update****Update****Update****Update****Update** Effective January 3, 2022, only virtual appointments will be available . Please send an email to [email protected] to request an online appointment .

01/01/2022

Happy New Year !!!
The 21/22 Tax Season is upon us … The IRS is expected to start accepting income tax returns on Jan. 31, 2022*.

Although the last two tax filing seasons were significantly impacted by the Covid-19 pandemic, and the IRS extended both deadlines, the IRS is not expected to extend the tax filing deadline (April 18, 2022) for 2022.

Our offices will be opening on January 3, 2022 by confirmed appointment only . Due to COVID restrictions, Walk In(s) will not be allowed. Please feel free to contact the office via the contact information below. Most questions will only be answered & appointments scheduled after all of your tax documents have been received so we ask that you wait until that time and/or book a paid consultation.

As always. Your business is appreciated and I look forward to seeing and speaking with you soon ..

May you have a fun-filled year ahead. Enjoy every moment of it . Happy New Year!🥳

Dawna Love
Owner/Tax Preparer
Office: 214.503.9564
Text: 972.835.6277
Fax: 800.598.2652
Email: [email protected]
Web: www.taxtherapyinc.com

#2022

01/29/2021

Just in case you missed it above ... 🗣ALL income must be reported on your tax return ! If you are unsure about any payments you received, please provide the tax statement and/or any information/documentation regarding those payments to your tax professional.

Dawna Love~
214/503.9564
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01/15/2021

📌Update 📌

The Internal Revenue Service announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.

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The Feb. 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the Dec. 27 tax law changes that provided a second round of Economic Impact Payments and other benefits.

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To speed refunds during the pandemic, the IRS urges taxpayers to file electronically with direct deposit as soon as they have the information they need. People can begin filing their tax returns immediately with tax software companies.

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We are starting to accept tax returns now!

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Under the PATH Act, the IRS cannot issue a refund involving the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The law provides this additional time to help the IRS stop fraudulent refunds and claims from being issued, including to identity thieves.

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The IRS anticipates a first week of March refund for many EITC and ACTC taxpayers if they file electronically with direct deposit and there are no issues with their tax returns. This would be the same experience for taxpayers if the filing season opened in late January. Taxpayers will need to check Where’s My Refund for their personalized refund date.

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Overall, the IRS anticipates nine out of 10 taxpayers will receive their refund within 21 days of when they file electronically with direct deposit if there are no issues with their tax return. The IRS urges taxpayers and tax professionals to file electronically. To avoid delays in processing, people should avoid filing paper returns wherever possible.

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Dawna-
Book Now !

01/11/2021

☎️Book today ! Virtual and In-Office appointments available...

01/10/2021

💃🏻And where the money resides, where the money resides, where the money resides!!!

❄️

01/09/2021

Why am I like this ... 😩

All aside (I’m serious about that machine though) ...

The IRS released additional information about the 2nd economic impact payments.

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Here are the additional details on the distribution of the payments:

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The second payments are in the process of being distributed from now until the middle of January.

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If the IRS had the direct deposit info on file the second payment will be direct deposited. If the payment was sent to the wrong account, the financial institution must return the payment to the IRS. If you have not received your full payment by the time you file your 2020 federal return, you may claim the Recovery Rebate credit. This will add the amount of the stimulus payment to your refund.

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If the IRS did not have the direct deposit info on file, a paper check will be mailed to the address that was on your 2019 federal return.

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For the 2nd payment, the IRS cannot change the payment information, which includes the bank account or address information.

For more details, visit IRS.gov

Dawna~

01/05/2021

📣We’re open and your taxes and safety matter ! Due to Covid Regulations we will have limited- contact tax preparation services available. We’re providing additional contactless alternatives and resources to get your tax docs to us and tax return prepared.

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- Virtual Appointments
- Email Documents
- Fax Documents
- Schedule an appointment to drop off tax documents

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www.taxtherapyinc.com
[email protected]
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Office: 214.503.9564 Cell: 972.835.6277 Fax: 1.800.598.2652

01/05/2021

You ready ?! 🤑

Steps you can take now to make tax filing easier this year...

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* Gather Forms W-2, Wage and Tax Statement, Forms 1099-MISC, Miscellaneous Income, and other income documents to help determine if you’re eligible for deductions and/or credits . You will also need form 1444, Your Economic Impact Payment, to calculate any Recovery Rebate Credit you may be eligible for. Most income is taxable, including Unemployment Compensation, refund interest and income from virtual currencies.

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*If you had health insurance via the Market Place, you should receive a for 1095-A to file with your tax return.

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*If you filed with an Identity Theft Pin in previous year(s), you will require a new one this year !

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*Taxpayers w/an Individual Taxpayer Identification Number (ITIN), should ensure it hasn’t expired before filing.

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*You can call FMS, 1.800.304.3107, which is an automated system that gives up to date information regarding debts owed that could possibly affect your refund.

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Offices are now open ! Click BOOK to schedule an appointment (virtual appointments available) or give me call ! ☎️

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Dawna~

01/02/2021

Happy New Year & Welcome to Tax Season ! 🥳

Offices will be open on Monday, January 4th! Visit the website for updates, more details and how to schedule an appointment...

See you soon ! 🥂

www.taxtherapyinc.com