01/23/2018
Hello fellow Taxpayers. We are hopeful that 2017 was awesome enough and you are coming into 2018 with peace.
Its about that time again. Tax season officially opens January 29, 2018 and the deadline is April 17, 2018.
For any income tax inquiries or to file your returns please call us at 773-622-4444 or visit the office at 2716 N. Laramie Ave.
Here is some important information to share:
- After completion of a return, refunds are to be deposited in less then 21 days, except;
Clients whom receive EITC (Earn Income Tax Credit) or the ACTC (Additional Child Tax Credit). By law refunds will not be deposited until mid-February.
- ITIN (Individual Taxpayer Identification Number) holders with the middle digits 70, 71, 72 or 80 or holders who have NOT used their ITINs since 2014, 2015, 2016 have Expired. For those who need to file a tax return in 2018 will need to submit a Renewal application.
- The ACA (Affordable Care Act) Individual shared responsibility has not changed from last year. Health Care coverage for all individuals filing taxes and their dependents, expect those who qualify for an exemption or under the not qualified coverage chart, should be ongoing. If not a penalty of 2.5% of the household income or flat dollar amount of $695 will be automatically applied.
- Please use the Where's My Refund tool on IRS.gov or the IRS2GO phone app to check the status of your return.
- Also, please have all documents needed when filing a return.
W2s, 1099s, Healthcare forms 1095 A, B or C. An unexpired ID. For Self-employment filers please provide bank statements and letter of employer. For any dependent receiving EIC or ACTC please provide proof of residency.
Those were just a few important details to ensure an adequate and accurate 2017 income tax.
As soon as you have all your documents know that we are open and ready to assist in filing your 2017 taxes even for just an estimate or to save your return until E-file is ready on January 29th. Please feel free to call or come by for questions or concerns. See all prior clients soon and hope to meet and greet with many new clients to come. Have great days and better nights.
Thank You For Your Business!
Best Regards,
Irene Peralta
Carmen Flores
Ledy Moya
Edwin Garcia