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March 2022

Photo of smiling woman sitting at desk illustrates blog: "Can’t File Your Taxes on Time? Here’s What To Do"

Can’t File Your Taxes on Time? Here’s What To Do

Tax Day, which this year falls on April 18, is just around the corner. Are you ready to file your taxes? If the answer is a panicked “No!” don’t worry: in today’s post we tell you everything you need to know about filing extensions. 

What To Do if You Can’t File Your Taxes on Time

We live in a time when things move fast. Get distracted for a minute, and before you know it, Tax Day is less than one month away and you’re not ready to file your tax return.

Sound familiar? Then we have good news for you.

If you can’t file your taxes on time, you can request a filing extension that will give you a whopping six months (that is, until October 17, 2022) to file your return. 

Needless to say, this is a great option for those who have fallen behind in preparing their taxes. However, there are a couple of caveats to consider.

What You Need To Know

First off, remember that an extension to file is NOT an extension to pay.

This means that even if you get an extension, you still have to pay your taxes by April 18. To do this, you have to estimate your taxes and make the payment before the due date. 

The other important thing to keep in mind is that in order to get an extension, you have to request it no later than the original due date for your return. 

One of the easiest ways to request a filing extension is by making an electronic payment to the IRS indicating that it’s for an extension. 

If you need help filing your taxes or have questions about filing extensions, don’t hesitate to contact the experts at JT Tax Services.

We’ll be happy to offer the knowledgeable, efficient tax assistance you need. 

File Your Taxes With JT Tax Services

At JT Taxes, we have made it our mission to take the stress of tax filing off your hands so you can focus on what matters most to you.

We maximize your refund and help you stay compliant with all applicable rules and laws. We are located in Oxnard, California. Contact us today by email (info@jttaxservices.com), telephone (805-984-8890), or through our social media accounts on Facebook, Twitter, and LinkedIn to schedule a consultation or to learn more about our wide array of tax services.

Photo of man holding folder illustrates blog: "Filing Your Taxes When You Have Missing or Incorrect Documents"

Filing Your Taxes When You Have Missing or Incorrect Documents

In a perfect world, everyone would have the right documents on hand when filing their taxes. However, things can be different in real life. In today’s post, we tell you how to file your taxes when you have missing or incorrect documents.

Missing or Incorrect Forms W-2 or 1099

Taxpayers who haven’t received a W-2 or Form 1099, or if they are incorrect, should contact their employer or payer and request the missing document.

If for any reason you can’t get the right documents, don’t panic. You can estimate your wages or payments and then report them on Form 4852, which be used as a substitute for Forms W-2 or 1099.

Now, in this scenario, you may receive the corrected Form W-2 or 1099 after filing your return. If this happens and you discover that the correct information differs from the amounts you used on your return, you must file Form 1040-X, Amended U.S. Individual Income Tax Return.

Getting Answers to Your Tax Questions

Whether it’s missing documents or errors on your return, when it comes to taxes, there’s a solution for every situation. What matters is seeking the assistance of a tax professional with a proven track record of success in navigating the U.S. tax system.

With the deadline to file and pay your federal taxes fast approaching, this is more important than ever. At JT Tax Services, we offer assistance with even the toughest tax situations, including:

  • Missing or incorrect forms
  • Amended returns
  • Filing and paying taxes from previous years
  • Installment agreements
  • Failure to file and failure to pay penalties
  • Appeals

At JT Tax services, our dedicated team of tax professionals stands ready to help you. Get in touch today to talk with an expert.

File Your Taxes With JT Tax Services

At JT Taxes, we have made it our mission to take the stress of tax filing off your hands so you can focus on what matters most to you.

We maximize your refund and help you stay compliant with all applicable rules and laws. We are located in Oxnard, California. Contact us today by email (info@jttaxservices.com), telephone (805-984-8890), or through our social media accounts on Facebook, Twitter, and LinkedIn to schedule a consultation or to learn more about our wide array of tax services.

Photo of smiling couple wih laptop illustrates blog: "4 Tips to Avoid Mistakes on Your Tax Return"

4 Tips to Avoid Mistakes on Your Tax Return

April 18, the deadline to file and pay your federal taxes is drawing near! Filing an accurate tax return will help you avoid extra work and processing delays. With that in mind, today we bring you four tips to avoid mistakes on your tax return. 

1. File Electronically

We live in a time of automation, so why not take advantage of it to file your taxes? Electronic filing helps mitigate the risk of mistakes because many of the calculations are double checked automatically. Another compelling reason to choose electronic filing is that it ensures that you get your refund as soon as possible. 

2. Use the Correct Filing Status

Your filing status is a category that determines how much tax you pay. There are five filing statuses: 

  • Single
  • Married filing jointly
  • Married filing separately
  • Head of household
  • Qualifying widow(er) with dependent child

If you are unsure about which filing status to use, the IRS offers a free tool called What is my filing status? Just click on the link and then on the button “Begin” to get started.

3. Report All Your Taxable Income

Remember, all your income is taxable, even if you are paid with goods or virtual currency. This includes workers in the gig economy such as Uber drivers. Reporting all taxable income will help you avoid penalties and processing delays, but it can also lead to finding overlooked deductions or credits. 

4. Double Check the Basics

Getting the basics right is always important, and taxes are no exception to this rule. Here’s a quick list of the details you have to double check before filing your return:

  • Name
  • Date of birth
  • Social Security Number (SSN)
  • Routing and account numbers
  • The IRS address (if you are filing a paper return; to find the address you have to use, click here)
  • Make sure to sign and date the return

File Your Taxes With JT Tax Services

At JT Taxes, our mission is to take the stress of tax filing off your hands. We maximize your refund and help you stay compliant with all applicable rules and laws. We are located in Oxnard, California. Contact us today by email (info@jttaxservices.com), telephone (805-984-8890), or through our social media accounts on Facebook, Twitter, and LinkedIn to schedule a consultation or to learn more about our service

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