Trust Tax & Insurance Bkge Inc.

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Happy Tax Season

Your voice at the IRS #Taxseason #tax #W2 #accounting

The IRS reminds taxpayers that, by law, the IRS cannot issue refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) before mid-February. While the IRS will process those returns when received, it cannot issue related refunds before mid-February. The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards starting on Feb. 28, 2019, if they chose direct deposit and there are no other issues with the tax return. #taxseason #tax #2019 #accounting #w2

ATTENTION All business owners and Independent Contractors. Please be advised that if you are reporting (Non Employee Compensation) payments in box 7, the due date for filing the 1099 form with the IRS in on January 31, 2018. For help filing 1099-Misc for Independent Contractors, give us a call at (718) 956-2000. Cc: Ashraf Hanno

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