Happy Valentines Day 2020
Feb09

Happy Valentines Day 2020

Happy Valentines Day from all of us at Account On Us. Account On Us offers many services for individuals such as income tax preparation, estate tax preparation, gift tax preparation, IRS inquiries, audits and tax planning. If you have a personal tax or accounting need, please contact Osceola County’s most trusted accounting service, tax preparation and payroll service provider. Call us today at (407) 892-1066 or contact Account On...

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Ten things for to think about when choosing a tax preparer for your taxes.
Feb09

Ten things for to think about when choosing a tax preparer for your taxes.

It’s the time of the year when many taxpayers choose a tax preparer to help file a tax return. These taxpayers should choose their tax return preparer wisely.  This is because taxpayers are responsible for all the information on their income tax return. That’s true no matter who prepares the return. Here are ten tips for taxpayers to remember when selecting a preparer: Check the Preparer’s Qualifications. People can use the IRS...

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Where’s my refund lets taxpayers check status of their refund.
Feb09

Where’s my refund lets taxpayers check status of their refund.

The best way for taxpayers to check the status of their refund is to use the Where’s My Refund? tool on IRS.gov. This tool gives taxpayers access to their tax return and refund status anytime. All they need is internet access and three pieces of information:   Their Social Security number Their filing status The exact whole dollar amount of their refund Taxpayers can start checking on the status of their return within 24 hours...

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Please don’t be victim to a ‘ghost’ tax return preparer.
Feb02

Please don’t be victim to a ‘ghost’ tax return preparer.

Today, towards the end of the second full week of the 2020 tax filing season, the Internal Revenue Service warned taxpayers to avoid unethical tax return preparers, known as ghost preparers.   By law, anyone who is paid to prepare or assist in preparing federal tax returns must have a valid 2020 Preparer Tax Identification Number, or PTIN. Paid preparers must sign the return and include their PTIN.   But ‘ghost’ preparers do...

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IRS provides relief to financial institutions affected by tax law change raising the age for required minimum distributions
Feb02

IRS provides relief to financial institutions affected by tax law change raising the age for required minimum distributions

The Internal Revenue Service has provided relief to financial institutions that were expected to provide required minimum distribution (RMD) statements to IRA owners by January 31, 2020. Notice 2020-6 (PDF) clarifies that if an RMD statement is provided for 2020 to an IRA owner who will turn age 70½ in 2020, the IRS will not consider the statement to be incorrect, but only if the financial institution notifies the IRA owner no later...

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