Check on your federal refund, visit: Where’s My Refund?
Get the IRS Mobile App to track your refund.
At Accounting Plus we provide individual tax preparation with free e-filing. Our work is guaranteed, so we will pay any penalties caused by our error. Our fees start at $75.00 for basic individual 1040 tax preparation and increase based on complexity of the return. No appointment is necessary–just download and complete the Individual Tax Checklist below and bring it–and your records–to our office in Loveland
SUMMER 2016 TAX TIPS
HEALTH INSURANCE UPDATE:
DID YOU KNOW?
Beginning with tax returns filed for the year 2014, compliance with the new health care law will be achieved, in part, through the preparation and filing of income tax returns. Tax preparers will be required to report whether taxpayers have insurance and the effective date of insurance. If you do not have insurance, the federally mandated penalties will be deducted from your refund or added to your taxes owed. We anticipate tax preparation fees will increase to meet this additional reporting requirement.
Do you always owe Ohio? If you update your state withholding you may eliminate this issue. Don’t change the number of exemptions, just have a little extra taken out each paycheck. All you need to do is submit a completed IT-4 to your employer. Check with your tax preparer/accountant to make sure this is the best option for your situation.
ALERT: EIC DUE DILIGENCE
Form 8867 is a three page form signed by the taxpayer and the preparer and filed with your tax return. Your answers to the questions proves your eligibility to claim the EIC.
Here are a few worksheets to help you get organized for the 2014 tax season!
INDIVIDUAL TAX CHECKLIST (short version)
INDIVIDUAL TAX CHECKLIST (detailed version)
SOCIAL SECURITY RULES EXPLAINED
Quick Tip: If you owe the IRS and do not have the money to pay, you still need to submit your tax return on time with some money, then submit a completed IRS Installment Agreement for approval. If the amount owed is relatively small, no Installment Agreement is necessary.