With Honor and Thanks on Memorial Day

All gave Some Some gave all Memorial Day

On this Memorial Day, we stop to give honor and thanks to all those who gave of themselves, and those who made sacrifices to protect our freedom.

We remember, and we thank you!

 

 

 

Amending Tax Returns

amendtaxreturn

You can file an amended return to correct errors on your originally filed tax return by filing Form 1040X. You will have to file this by mailing a paper copy to the IRS.

Learn more about filing an amended return by watching this IRS Video – Amending My Return

Audit Representation-Partner With a Pro

greedy man with money cartoonIt pays to Partner with a Pro for Audit Representation! I have two clients who recently retained my audit representation services, and are now celebrating their savings!

I was able to help Client 1 by reducing their penalties by 50%, for issues resulting from them attempting to self-prepare their tax returns. They now see the advantage of partnering with a Pro.

Client 2 received a “NO CHANGE TO YOUR RETURN” letter from the IRS, as a result to the audit response I prepared. They had all necessary receipts and tax details, resulting from my consulting with them in how they needed to keep their self-employed business books. They are thankful they partnered with a Pro!

I work hard to keep current on all updates to IRS Audit Representation, by carefully choosing continuing education classes each year, by the best in the industry. My client’s success defines my success.

 

 

Fraud Alert – Medicare or Medicaid

Medicare Medicaid Card Sample

Know anyone on Medicare or Medicaid? POTENTIAL FRAUD ALERTS! New Cards being sent. More details here below:

On April 1, 2018 the Centers for Medicare and Medicaid Services (CMS) began a yearlong project to replace all current Medicare cards. The replacement cards are being automatically mailed to beneficiary’s home addresses and will replace the social security number with a new alphanumeric Medicare Beneficiary Identifier (MBI). Contact the Social Security office at 1-800-772-1213 if you need to correct your home address.

We have already received reports that scammers have called some Medicare recipients claiming they need to collect a fee before a new card will be sent. Protect yourself by learning about the program and refusing to give out any personal information over the phone if someone calls you. There is no charge for the new card.

Every new MBI will be eleven characters long and contain letters in specific positions and numbers in other positions in order to quickly identify fake or counterfeit cards. Please note that the letters S, L, O, I, B or Z will never be used. If you receive a card with any of these letters you should contact Medicare immediately at 1-800-633-4227.

More information about the new cards can be found here:
https://www.cms.gov/medicare/new-medicare-card/nmc-home.html
https://www.medicare.gov/…/12002-New-Medicare-Card-flyer.pdf
https://youtu.be/DusRmgzQnLY

Where’s My Refund?

Tax Refund

If you are looking for your federal tax refund you will want to view the IRS FAQs on Refunds, on the IRS site. The IRS states most refunds are processed in less than 21 days.

Best Use of Tax Refund

greedy man with money cartoonClark Howard has good ideas to share on how to use your tax refund and make it work best for you. He also recommends you adjust your withholding this year so you are not letting the government have a tax free loan from you. Watch this video to learn more from Clark Howard who always has our backs!

Make Your Tax Refund Count by Clark Howard

Tax Freedom Day – April 19, 2018

man carrying bag of money for taxes cartoonThe average American works the first 109 days of the year, earning enough money to pay their tax bill in full. Thanks to the tax reform, we will work three less days to pay our taxes in 2018 than last year. That is three days of income you get to keep in your pocket.

This year, our tax freedom day is April 19, 2018. Tax Freedom Day marks the day we begin working for ourselves and not Uncle Sam. Enjoy your holiday!

statue of liberty american flag

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