Dear tax clients:
We are ready to get your
taxes filed. Send in your documents and remember to complete the needed forms. (see attachments)
We continue to be
diligent in our efforts to adapt to the new circumstances of Covid19 and the variants while still conducting business. We will connect by scheduled telephone and Zoom
visits. Please call the office today and schedule your appointment. You may send all documents electronically.
You are the heart
of our business and we are grateful to you and your ongoing support. We continue to be part of the solution for ending this pandemic. Remember, we are all in this together and
taxpayers can do now
get ready to file taxes in 2022
COVID Tax Tip 2021-177, December 1, 2021
There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure their tax filing experience goes smoothly in 2022. They can start by
visiting the Get Ready page on IRS.gov. Here are some other things they
should do to prepare to file their tax return.
Gather and organize tax records
Organized tax records make
preparing a complete and accurate tax return easier. They help avoid errors that lead to processing delays that slow refunds. Having all needed documents on hand before taxpayers prepare their
return helps them file it completely and accurately. This includes:
Taxpayers should also gather any documents from these types of earnings. People should keep copies of tax returns and all supporting documents for at least three years.
Income documents can help taxpayers determine if they're eligible for deductions or credits. People who need to reconcile their advance payments of the child tax credit and premium tax credit
will need their related 2021 information. Those who did not receive their full third Economic Impact Payments will need their third payment amounts to figure and claim the 2021 recovery rebate
Taxpayers should also keep end of year documents including:
- Letter 6419, 2021 Total Advance Child Tax Credit Payments, to reconcile advance child tax credit payments
- Letter 6475, Your 2021 Economic Impact Payment, to determine eligibility to claim the recovery rebate credit
- Form 1095-A, Health Insurance Marketplace Statement, to reconcile advance premium tax credits for Marketplace
Confirm mailing and email addresses and report name changes
To make sure forms make it to the them on time, taxpayers should confirm now that each employer, bank and other payer has their current mailing address or email address. People can report address
changes by completing Form 8822, Change of Address and sending it to the IRS.
Taxpayers should also notify the postal service to forward their mail by going online at USPS.com or their local post office. They
should also notify the Social Security Administration of a legal
View account information online
Individuals who have not set up an Online Account yet should do so soon. People who have already
set up an Online Account should make sure they can still log in successfully. Taxpayers can use Online Account to securely access the latest available information about their federal tax
Review proper tax withholding and make adjustments if needed
Taxpayers may want to consider adjusting their withholding if they owed taxes or received a
large refund in 2021. Changing withholding can help avoid a tax bill or let individuals keep more money each payday. Life changes – getting married or divorced, welcoming a child or taking on a
second job – may also be reasons to change withholding. Taxpayers might think about completing a new Form W-4, Employee's Withholding Certificate, each year and when personal or financial
People also need to consider estimated tax payments. Individuals who receive a
substantial amount of non-wage income like self-employment income, investment income, taxable Social Security benefits and in some instances,
pension and annuity income should make quarterly estimated tax payments. The last payment for 2021 is due on Jan. 18, 2022.