More than 2 Million Individual Tax Payer Identification Numbers( ITINs) are set to expire at the end of 2018.
* Tax Payers whose ITIN is expiring and needs to file a Tax Return in 2019 must submit a Renewal Application.
* ITINs that are affected are the ones with the middle digits 73,74,75, 76, 77, 81 or 82. ( For Example: 9NN-73-NNNN) needs to be renewed even if the Tax Payer has used it in the last 3 Years.
*ITINS with middle digits of 70,71,72,78,79 or 80 have previously expired. Tax Payers with these ITINs can still renew at anytime.
At the Just Concluded Intuit QuickBooks ProAdvisor Training. It was a Pleasure reconnecting with other QuickBooks ProAdvisors & Trainers - Heather Satterley & Michelle Long.
At Rosyan Bookkeeping Services, We are always striving to do better and go higher; Learning New Skills to continually provide Excellent Services to our Clients and Fans.
Training in Session.
Snapshot with Satterley Heather
QuickBooks ProAdvisor & Trainer.
Snapshot with Michelle Long
QuickBooks ProAdvisor & Trainer
The deadline for filing your taxes is fast approaching — this year, The deadline is April 17, 2018.
We all know, that Life can be busy!!! Maybe your taxes are particularly complicated this year, or maybe you just don’t have the time to sit down and sift through the paperwork.
So, what happens if you don’t file your tax return on time?
If you’re getting a refund on your taxes this year, you don’t need to panic — you have until April 17, 2021 to claim your refund (or until October 17, 2021 if you filed an extension by the April 17 deadline).
It was a pleasure offering Quickbooks Training Services to the finance Team of RCCG Mercy Court, Towson, MD. Great Pastor, Great Receptivity, Great People. When you have a great team, Training is a Breeze.
#quickbooks, #quickbookstraining, #quickbookstrainer, #quickbooksproadvisor, #quickbooksspecialist, #bookkeepingservices.
Do you have all your
required Tax Filing Documents?
* Form W2
* Form 1099 - MISC (If
you are a Contractor or Independent Employee)
* Form 1099 - G (To
show Payment received from Government Agencies, Unemployment Benefits, Alimony,
* Form 1095 - To show
that you are enrolled in a Qualified Health Plan, which will allow you to get
your Premium Tax Credit).
* Form 1098 - To show
Payment Received from Interest (Interest Income).
* Profit & Loss
Financial Statements (If you are a Business Entity or Corporation)
IRS Begins Accepting Tax Returns Today - Monday, January 29th 2018.
IRS begins accepting Tax Returns Today, Monday, January 29th 2018.
Highlights to Note:
- Even Though the New US Tax Law is in effect, Changes do not apply to 2017 Tax Returns.
- Tax Payers can start submitting their Returns to the IRS as From Today.
- You may be able to file for Free; The Sooner, you start Filing, the Better, as this is a precaution to Tax Fraud.
- The Deadline for this Year's Tax Filing Returns is Tuesday, April 17th 2018.
With this New Act, Employers and Small Businesses have January 31 Filing Deadline to submit Forms W-2 and W-3 to the Social Security Administration (Whether you file using Paper Forms or electronically).
Increases 401K Contribution limits by $500 from January 1st 2018 What this means for you.
The IRS had
announced sometime in October, that effective from January 1 2018,
the contribution limit for Employees who participate in 401(k), 403(b), most
457 plans and the Federal Government’s Thrift Savings Plan will be increased
from $18,000 to $18,500.
surely a Big Deal. As we all know, this extra $500 can help us more than we may
think and it could also mean up to $70,000 more in your retirement account,
assuming you decide a retirement age of 67 for yourself and at a 6 percent
annual rate of return.
We grow up in life,
structured to believe that, after we go through the school system, we graduate
to work for Organizations. We often fail to realize that, we can use our
knowledge and experience to start up our own Businesses, especially when most
companies rarely allow their employees to become Business Owners. As
individuals, we need to harness our passion and recreate the relentless
entrepreneurial spirit in us, to launch us to where we are meant to be.
Everyone is born with
a gift; each of us has a passion and something that we are all excited about.
It was Great Meeting with Heather Satterley, Certified QuickBooks Pro Advisor, Trainer & Educator and a 2016 Top 100 Pro Advisor. Training was really Insightful and Engaging.