With tax season now underway, the question on the minds of millions of taxpayers is “When will I get my refund?” In today’s post, we provide an answer, including a tax refund schedule, and take a look at other useful tax tips. . 

When Will I Get My Refund?

If as soon as you file your tax return you start wondering when you are going to get your refund, you are not alone! 

Luckily, there’s a way to get a ballpark answer to the question “When Will I Get My Refund?”

In one of its most recent bulletins, the IRS informed that “most taxpayers will receive their refund within 21 days of when they file electronically, if they choose direct deposit and there are no issues with their tax return.”

With that in mind, here’s a table to help you visualize a 21-day period starting from different filing dates. Again, remember that this is assuming that you filed electronically and there are no issues with your tax return.

Remember that these dates are NOT official and are presented just for informational purposes. 

To get personalized information about when you will receive your tax refund, use the Where’s My Refund tool on the IRS website.

For other useful tax season tips, check out our previous blogs, “Will Tax Refunds Be Bigger in 2023?” and “California Storms: IRS Extends Tax Deadline for Victims.”

Have Questions? at JT Tax Services, We Have Answers

At JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.

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

In just a few days, the IRS will start accepting and processing tax returns, marking the beginning of the 2023 tax filing season. In today’s post, we tell you everything you need to know, including information about the extended deadline for victims of the California storms.

 Tax Season Begins January 23

The Internal Revenue Service (IRS) has informed that it will start accepting tax returns on January 23, 2023.

Taxpayers will have until April 18, 2023, to file their federal taxes and make the related payments.

The IRS expects to process more than 168 million individual tax returns, with the majority of them arriving before the April 18 deadline. 

Here are some tips to ensure a smooth tax-filing season:

• Gather all the information you need before filing your tax return (this includes Social Security Number or ITIN, supporting documents, information of dependents, among others)

• Review your tax situation to make sure you don’t overlook tax credits you may be eligible for

• If you have questions, contact the IRS, or get in touch with the tax pros at JT Tax Services. We’ll be happy to answer all your tax questions!

IRS Extended the Federal Tax Deadline for California Storm Victims

Remember that while the official deadline to file and pay federal taxes is April 18, 2023, the IRS announced an extended deadline for those affected by the storms that have been pummeling California.

If you live or have business in any of the localities listed below, you have until May 15, 2023 to file federal individual and business tax returns and make the related tax payments.

Other localities added later to the disaster area will also qualify for the same tax relief. You can check the updated list on the section Tax Relief in Disaster Situations on the IRS website.

Have Questions? at JT Tax Services, We Have Answers

At JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.

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 services.

For most people, the holidays are a time of joy and good will. But for scammers, this is one of the best times of the year to look for victims. Here’s what you need to know to avoid being one. 

The Two Most Common Holiday Scams

According to the FBI, the two most common holiday scams are non-delivery and non-payment scams.

In a non-delivery scam, a buyer pays online for goods or services advertised online, but they never get anything in return. 

On the other hand, a non-payment scam works the opposite way:  goods or services are provided but the seller never gets paid.

Other scams often found during the holidays include auction fraud (where a product is misrepresented on an auction website) and gift card fraud, where a person asks you to make a a payment or donation using a gift card. 

No matter what type of scam you happen to come across, the result is always frustrating. So, what to do to protect yourself?

How To Avoid Holiday Scams

As you can see from the description above, most holiday scams have an element in common: scammers almost always use either the telephone, a text message, or the internet to fish for victims. 

That bit of information gives you an advantage, as you already know where a scam attempt may come from. Here’s what you need to do to ward off scammers:

• First of all, remember that if an offer or a discount you see online seems too good to be true, it probably is. 

• Don’t open emails that seem suspicious (for example, the name of the sender is misplaced or the subject seems out of character).

• Don’t click on any suspicious links and don’t download any attachments unless you are absolutely positive that they are legitimate.

• Cybercriminals try to impersonate reputable websites by using internet domains that can be easily confused with legitimate ones, so pay close attention to a website’s address (for example, scammers may use www.bnak.com instead of www.bank.com)
• Never wire money directly to a seller and never pay with gift cards. 

• If you pay online using your credit card, check your statements regularly to catch any suspicious payments as soon as possible. 

Have Tax Questions? At JT Tax Services, We’ve Got Answers

At JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.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 services.

With New Year’s fast approaching, this is an excellent time to start asking questions such as “When are taxes due in 2023?” Keep reading to discover the answer to this and other useful tax facts.

When Are Taxes Due in 2023?

Most years, the due date for filing your tax return is April 15. However, April 15 2023, falls on a Saturday, so Tax Day 2023 will be on April 18, 2023, unless extended due to local state holiday. 

Once the date is announced officially, we’ll write a post about it, so make sure to check our blog and social media regularly over the next few months.

Remember that failing to file your return by the due date results in penalties and interests. Failure-to-pay penalties are 5% of the unpaid taxes for each month or part of a month that your return is late, up to 25% of your tax bill. 

 Early planning is the best way to simplify the tax filing process and avoid headaches. If you are already planning, props to you: you are ahead of the curve and in line for a smooth filing season.

What To Do if I Can’t File My 2022 Taxes on Time?

Although it may be a little early to know whether you’ll need more time to file your taxes next year, knowing your options is always a good idea. 

People who can’t file their tax return by the due date can request an extension. For example, taxpayers who requested an extension in 2022, got six additional months to file their return (October 15 instead of April 15).

There are two things to keep in mind when applying for an extension:

• You have to request the extension before the original filing deadline

• An extension to file is NOT an extension to pay. In other words, even if you request an extension, you still have to estimate and and pay your taxes by the original tax due date

Have Tax Questions? At JT Tax Services, We’ve Got Answers

At JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.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 services.

“Can taxes be paid in installments?” is a common question among people who face a particularly high tax bill. In today’s post, we answer this question and offer some tips for paying your taxes.

Can Taxes Be Paid in Installments?

Yes, if you can’t pay your taxes by the due date, you can set up a payment plan with the IRS to settle your tax bill in installments.

However, most people find it easier and less expensive to take advantage of other options, such as paying their taxes by credit card.

If you still want to pay your taxes in installments, the first thing to do is to contact the IRS to request a payment plan.

The good news is that, with some exceptions, the IRS is generally prohibited from levying and their time to collect is suspended while an installment agreement is pending.

You have different options to apply for a payment plan: you can do it online, by phone, or even by traditional mail. 

Once the IRS approves the installment agreement, you can choose to pay your monthly installments from your checking or savings account or by money order or debit/credit card (fees apply when paying by card).

What You Need To Keep in Mind

Keep in mind that there are application fees associated with setting up an installment agreement, although the fee may be reduced in some cases. 

Whether you decide to set up a payment plan or pay by other method such as credit card, remember that it’s better to pay as much as you can by the due date. This way you will limit any late payment fees and penalties. 

For answers to other common tax questions, check out our previous blogs, “Will the IRS Ever Go to Your House?,” and “Are Car Expenses Tax Deductible?”

At JT Tax Services, We’ve Got Answers to Your Tax Questions

At JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.

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 services.

It’s a well-known fact that scammers love to pose as IRS agents to lure potential victims. With that in mind, it’s normal to ask “Will the IRS ever come to my home?” In today’s post, we provide the answer. 

Will the IRS Ever Go to Your House?

The answer is yes. At least in theory, the IRS can visit a taxpayer’s house during an investigation. However, remember that an IRS won’t demand any sort of payment without giving you the chance to appeal the amount.

According to the IRS, there are three main reasons why an agent may go to your house or business:

• Audits
• Collection
• Criminal investigation

What You Need To Know

While it’s true that IRS agents can sometimes visit a home or business, that doesn’t mean that you shouldn’t take precautions.

Here are some useful pointers for dealing with a visit from the IRS.

In the case of audits, an IRS employee may visit your house if all other attempts to contact you fail. 

Remember that revenue agents carry two forms of identification, each displaying serial numbers and a photo of the employee:

• An IRS-issued credential known as pocket commission
• The HSPD-12, a government-wide standard form of identification for all federal employees

If a revenue agent visits you, you can ask to see both forms of identification. 

Red Flags To Be Aware Of

Some red flags that indicate that the person contacting you may be a scammer posing as an IRS agent include:

• Demanding immediate payment without giving you the chance to appeal the amount
• Contacting you by text message or social media
• Asking you to pay by wire transfer or with gift card
• Threatening to call the police or immigration authorities
• Threatening to revoke your driver’s license
• The supposed agent doesn’t inform you about your rights

If you believe that someone is try to impersonate an IRS agent or posing as the IRS, you can report them using the following methods:

• Impersonation. File a report with the Treasury Inspector General for Tax Administration or call 800-366-4484
• Phone scams. Report them to the Federal Trade Commission
• Phishing or unsolicited email. Write to the following address: phishing@irs.gov

Have More Tax Questions? JT Tax Services Is Here To Help!

At JT Tax Services, we give you the peace of mind that comes with knowing that you are limiting your liability while staying compliant with all regulations.

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 services.