What documents will I need?
Bring your W-2 and other tax information
Can you file my taxes from another state?
Yes, we are certified in all 48 contiguous states, we have the experience and tax software to file all state tax forms.
Can you help correct past Tax Returns?
Yes, we are trained and experienced in amending past tax returns…
Affordable Care Act and you (subject to change).
The government requires that every individual regardless of age has at least, what is formally called Minimal Essential Coverage; basically, meaning qualifying minimum insurance. The Individual Shared Responsibility provision requires you and each member of your family to have qualifying health care coverage, qualify for a coverage exemption, or make an Individual Shared Responsibility payment when you file your federal income tax return. This is very individualized, and we will assist you in making sure you are meeting this responsibility with no repercussions.
What if I cannot afford Health Care Insurance? (subject to change)
Mr. Taxes Accounting Firm will assist you in determining if there is an exemption you qualify for so that you will not have to pay the Shared Responsibility Payment out of your tax return.
What is the Premium Tax Credit, and can I qualify for it? (subject to change)
The Premium Tax Credit, or PTC, is a refundable credit that helps eligible individuals and families with low or moderate income afford health insurance purchased through a Health Insurance Marketplace. To get this credit, you must meet certain requirements and file a tax return. An Advance Credit Payment are amounts paid directly to your insurance company on your behalf to lower the out of pocket cost for your health insurance premiums. If you received the benefit of Advance Credit Payments, you must file a tax return to reconcile the amount of Advance Credit Payments made on your behalf with the amount of your actual premium tax credit. You must file an income tax return for this purpose even if you are otherwise not required to file a return. You will receive a 1095 form from your insurance company. There are repayment limitation percentages to take into consideration, and you have to use a special form along with your return to reconcile amounts of Advance Credit payments. This has been a complicated process that the government is streamlining. You need to have a reputable agent such as Mr. Taxes Accounting Firm to work these figures out correctly for you. Do not try and do this yourself with tax software or you could have a substantial delay of your tax return and have to amend or correct what was not done correctly or omitted.
What is the Earned Income Credit, and can I qualify for it?
The EITC is a financial boost for people working hard to make ends meet. Millions of workers may qualify for the first time this year due to changes in their marital, parental or financial status. There are several factors that can affect how much you can get back. Basic tax software does not use the CPA principles we use to determine your credit. Due diligence is required to avoid audits and problems with the IRS. They are cracking down on this credit, don’t make a mistake you will regret. Let Mr. Taxes Accounting Firm DIG DEEP to get you Back the MONEY YOU DESERVE by determining your EIC amount correctly. You can only receive this credit AFTER February 15, 2019. Most of these refunds are received after March 2018.
What is the Child Tax Credit, and can I qualify for it?
The Child Tax Credit is an important tax credit that may be worth as much as $1,000 per qualifying child depending upon your income. There are about 10 qualifying tests that determine if you qualify for this credit. Such as the Age test - the child must be under age 17 by the end of the year and the Dependent Test - You must claim the child as a dependent on your federal tax return. There are other complicated rules to know exactly what you qualify for. Don’t rely on tax software that are subject to fraud, rely on Mr. Taxes Accounting Firm to figure out these computations so that you can get the maximum return you deserve! You can only receive this credit AFTER February 15, 2019. Most of these refunds are received after March 2018.
What happens if you make a mistake on my return?
Mistakes do happen and if an error does occur, we will amend the error at no cost to you, if the error will cost you money (not if you received more money from IRS-that has to be repaid). We can offer insurance protection and you will be reimbursed up to $2,500 for any company error (subject to claims adjuster). We have never had to file a claim for payment to a client!