TV's Tax Service

If any of my current clients have moved and changed address since tax season, get me your new address. I am preparing to mail out calendars and newsletters. Thanks

If you have a business and track mileage, do a mileage check on June 30th. Mileage rate has increased 4 cents a mile for the last half of 2022. So you will need two totals when doing taxes for 2022.

If you are local and usually just drop off your tax documents, my secure drop box is in place and ready. I will be checking it daily.

TV's Tax Service Receives 2022 Best of Wichita Award

Wichita Award Program Honors the Achievement

WICHITA January 12, 2022 -- TV's Tax Service has been selected for the 2022 Best of Wichita Award in the Tax Return Preparation Accountants category by the Wichita Award Program.

Each year, the Wichita Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Wichita area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2022 Wichita Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Wichita Award Program and data provided by third parties.

About Wichita Award Program

The Wichita Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Wichita area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Wichita Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community's contributions to the U.S. economy.

SOURCE: Wichita Award Program

CONTACT:
Wichita Award Program
Email: [email protected]
URL:

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Tax season 2021 is upon us. This is information I just took from the IRS Website. Please bring those letters when getting your taxes done. Guessing isn't an option if you want your refund timely. We want to eliminate any delays on our part. See you all soon.

Information on the advanced Child Tax Credit starting in July.
You will automatically get $250 per child 6 and over and $300 per child 5 and under. The total amount paid in the 6 monthly checks is half of your total amount for the year. If you take the monthly checks that will be annotated on your 2021 tax return. Your total refund on your 2021 return will probably be lower not changing anything else during the 2021 year.
You have to make the choice to opt out, that should be available on the IRS website in the next couple of weeks. If you do nothing you will start getting the monthly payments the middle of July.
Each family is different so look at your family dynamics and decide.

One day left to this extended tax season.
If you need an extension and haven't contacted me. Send me a message or give me a call and I will file your extension.

I have had several calls about delayed refunds. Here is what I just got from the IRS. 8 million returns in the suspense status. If you haven't gotten your refund you are not alone. This is all thanks to the last minute changes to tax laws.

Unemployment update,
I am now able to submit returns and get the $10,200 of unemployment deducted from taxable income.
I have reached out to clients to let them know I have submitted their returns. If I was holding yours and you didn't hear from me let me know so that I don't miss anyone.

On the returns that were previously filed before the law changed, the guidance from the IRS, is that they will do recalculations of returns and issue additional refunds or lower tax owed. We as preparers or you as the tax payer are not required to file an amended return. I do not know the timeline on when that process will happen and when your will get the fund. I will continue to monitor and send an update when I get more information.

Again thanks for your patience in this crazy tax season.

Update, IRS has still not given guidance for returns with unemployment that have already been filed.
For the returns that I am holding until updates have been made, my software is hoping for IRS guidance and software updated by March 29th so that I can submit returns that have unemployment.

Federal tax day is now May 17th. Still waiting on states to follow suit with the extension.

Thanks all for being patient during these last minute changes to tax filing.