The Internal Revenue Service today announced important changes to help taxpayers comply with revisions to the Individual Taxpayer Identification Number (ITIN) program made under a new law. The changes require some taxpayers to renew their ITINs beginning in October.
The new law will mean ITINs that have not been used on a federal tax return at least once in the last three years will no longer be valid for use on a tax return unless renewed by the taxpayer. In addition, ITINs issued prior to 2013 that have been used on a federal tax return in the last three years will need to be renewed starting this fall, and the IRS is putting in place a rolling renewal schedule, described below, to assist taxpayers.
I received a phone call last week from the niece of a client who works as a waitress with an annual income of $18,000. Not able to afford professional tax preparation services, she had gone to the library to do her own taxes on the IRS Free File System. Really simple return. Single, no dependents, one W2. Files it electronically. Takes five minutes to file. Then three weeks later she gets a letter from the IRS asking her to complete IRS Form 8962 Premium Tax Credit. She attempted completing the form using the complicated formulas and the tables provided in the instructions and became confused. Could I help her?
Sure! No problem! Piece of cake! Or so I thought.
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Patty me ayudo ahorrar un monton de dinero. My familia finalmente se fue de vacaciones!
I saved over $15,000 using Patty’s Income Tax IRS Tax Relief Service… such a HUGE relief! Thanks again.
Patty helped save me thousands in backed tax bills. Without your help I’d be making payments for over 4 years! You helped save me and my family. Thank you so much.
To my valued customers:
Coronavirus disease (COVID-19)
You have always depended on me to provide you with great service for all your Tax needs. From filing a simple Tax return to the most complex corporate return my goal has always been to do what is right for you and of course always do it with a smile! In response to the many customer inquiries I will continue to be open to serve you. My office is a safe environment however if you feel uncomfortable going out in today’s environment or just find you are running out of time, do what many of my long term clients do. E-mail me your information and we can complete your Tax Returns electronically. We can conference by phone to go over the details just as if we were talking in person. Payments can be made by many forms including Zelle so basically we can do everything you need without having ever having to visit my office.
My goal is to provide my customers the service they require when and how they would like. Give me a call when you are ready and we can schedule an appointment whether you wish it to be in person or electronically.
Thank you again for your patronage and please be safe!