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Tax Day

Drawing that shows computer, calculator and sheet of paper that reads "Tax Day" illustrates blog: "Your Ultimate Guide to Tax Day 2022"

Your Ultimate Guide to Tax Day 2022

Federal Tax Day is just 11 days away! From useful checklists to how to check the status of your refund and tips on how to ward off tax scam, this is your definitive guide to Tax Day 2022.

1. When Is Tax Day?

This year, Tax Day will be on Monday, April 18, 2022.

As you probably know, Tax Day is traditionally held on April 15. However, the District of Columbia observes Emancipation Day on April 16, which this year falls on a Saturday. As a consequence, the holiday will be celebrated on April 15, pushing Tax Day to the 18.

2. Make Sure to Get These Details Right

Want to avoid delays with your return? Make sure to double-check these details before filing:

  • Name
  • Date of birth
  • Social Security Number (SNN)
  • Filing status (single, married filing jointly, married filed separately, head of household, qualifying widow(er) with dependent child)
  • Your return must be signed and dated

3. What Happens if I Can’t File My Taxes on Time?

If you can’t file on time, you can request an extension to get an extra six months to file.

Remember, however, that an extension to file is NOT an extension to pay.  You still have to pay all or at least part of your estimated taxes by April 18.

To learn more, check out our previous blog, “Can’t File Your Taxes on Time? Here’s What To Do.”

4. What Happens if I Can’t Pay My Taxes in Full?

If you can’t pay all the taxes you owe, file your rate and pay at least a portion by the April 18 deadline. This way you will avoid the failure-to-pay penalty and will reduce interests on the unpaid balance. 

Talk with  a tax expert you trust to determine if you qualify for an online payment plan or for an installment agreement.

5. Checking the Status of Your Refund

Once your return is filed and your payment is made, you can check the status of your refund using the online tool Where’s My Refund.

You can start checking the status of your refund 24 hours after filing electronically or four weeks after mailing a paper return. 

6. Beware of Tax Scams

Every year, scammers take advantage of tax season to deceive unsuspecting victims. Stay safe by watching out for these red flags:

  • Someone contacts you by text or social media.
  • You are asked to pay a supposed tax bill urgently.
  • Someone threatens you with calling the police or immigration authorities if you don’t pay. 
  • They ask you to pay your taxes by using a specific payment method.
  • They ask you to settle your tax bill with gift cards. 

JT Tax Services: Tax Filing Made Easy

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.

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.

Remember: The Federal Tax Day for Individuals Is Now May 17

Remember: the Federal Tax Day for Individuals Is Now May 17

The COVID-19 pandemic has created many changes, and taxes are not an exception. Remember that, unlike other years, this 2021 the federal Tax Day for individuals has been extended to May 17.

Keep reading to learn more about this and other useful tax tips.

What You Need to Know

Although most years the Federal Tax Day is April 15, this year will be different.

The disruptions caused by the coronavirus pandemic have led the Internal Revenue Service (IRS) and the Treasury Department to move the federal Tax Day to Monday, May 17, 2021.

This extension applies automatically to all taxpayers, so you don’t have to take any action to take advantage of this measure.

What If I Need More Time to File My Tax Return?

If even with the new date you need more time to pay your federal taxes, you can request a filing extension using Form 4868. In this case, you would have until October 15, 2021, to file your tax return.

It’s worth remembering that an extension to file is not an extension to pay. This means that even if you request a filing extension you still have to pay your taxes by May 17 to avoid interests and penalties.

Also, keep in mind that the 17 May date applies only to federal taxes, so you should make sure to check with your local tax agency to learn more about the filing and payment deadlines for your state taxes.

Need Help With Your Taxes? Contact the Experts at JT Tax Services

Do you need help filing your 2020 tax return? Do you want to learn more about Economic Impact Payments? 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 FacebookTwitter, and LinkedIn to schedule a consultation or to learn more about our services.

4 Ideas to Keep in Mind When You File Your Taxes

4 Ideas to Keep in Mind When You File Your Taxes

Remember: the deadline to pay and file your taxes is July 15. Although filing your tax return can be a complex process, there’s no reason to feel overwhelmed. Below you will find four tips that will help you take the stress out of Tax Day.

File Your Taxes Electronically

Filing your taxes electronically is your best option. The process is simple, fast, and secure. Furthermore, filing electronically reduces the risk of mistakes, since all calculations are verified by a tax program. Combining electronic filing with direct deposit is the best way to ensure that you get your tax refund as soon as possible (find more about tax refunds below).

If you don’t know how to file your taxes electronically yourself, or if you need assistance to make sure you stay compliant with all applicable regulations, contact the experts at JT Tax Services. They will be happy to help you take advantage of filing your taxes electronically.

How to Easily Check the Status of Your Refund

Checking the status of your refund is really easy. You have two main options to do this. You can use the online tool Where’s My Refund? provided by the IRS or you can download the IRS2GO mobile app in order to have the same information readily available on your smartphone. These are the most efficient ways to get information about the status of your refund. You can also contact the automated refund hotline at 800-829-1954, but as the IRS points out, there’s no need to call unless the online tool indicates you to do so.

Your Options if You Can’t File or Pay Your Taxes by July 15

Not everybody is ready to file and pay their taxes just yet. These are your options if you need more time in each case.

  • Request an extension to file: If you can’t file your tax return by July 15, you can request an extension to file that will give you time until October 15, 2020, to file your return. You can request an extension by making a payment using IRS Free File and selecting extension as the reason for the payment. Alternatively, you may also mail a Form 4868, Application for Automatic Extension for Time to File, by the July 15 filing deadline.
  • Set up an Installment Agreement: On the other hand, if you can’t pay by July 15, you may qualify for an Installment Agreement to spread out your payment over a set period of time. If you are interested in requesting an Installment Agreement, you can do so online, or by downloading and mailing  Form 9465 (Installment Agreement Request) to the IRS along with a tax return, IRS bill or notice.

Depending on your specific situation, you may have more options available to you if you can’t file or pay your taxes by July 15. You can check some of these additional options here. Contact a tax expert to learn more about the alternatives that best fit your personal situation.

Get Advice From the Experts at JT Tax Services

Equipped with these tips, you will be able to file your taxes easily and with no stress. However, it’s always important to get personalized advice.  Our knowledgeable experts at JT Tax Services will help you so you can take advantage of all the relief initiatives you are eligible for while staying compliant with all regulations that apply.

At JT Tax Services we have the experience, the knowledge and the drive to assist you. With our advice, you can file your taxes with the peace of mind that comes with knowing that you are limiting your liability while staying compliant with federal and state tax regulations.

We are located in Oxnard, California. Contact us by email, telephone (805-984-8890) or through our social media accounts on FacebookTwitter and LinkedIn to learn more about our services.

The deadline to file and pay your taxes is July 15.

Remember: You Have Until July 15 to File and Pay Your Taxes

It’s important to keep in mind that the deadline to file and pay your taxes is July 15.

Tax Day was originally scheduled for April 15, but it was moved due to the impact of the coronavirus outbreak. You don’t have to fill any form, take any further action or contact the Internal Revenue Service (IRS) to take advantage of this extension. It has been applied automatically to all taxpayers.

Benefits of Paying and Filing Your Taxes Electronically

If you expect to get a refund, it’s advisable to make sure that your filing and payment are done electronically. This way, you would get your refund within approximately 21 days. On the other hand, taxpayers who file on paper by mail have to wait up to six weeks to get their refunds.

Filing and paying your taxes electronically is a precise, convenient and safe option because all data is protected with modern encryption techniques.

Tax-Filing Extensions

If you need more time to file your taxes beyond July 15, then you can request a tax-filing extension in two ways:

  • Filing form 4868 through their tax professional or through the IRS’ website.
  • Submitting an electronic payment and selecting form 4868 as the payment type.

Remember that an extension to file is not an extension to pay. You still have to pay your taxes by the original deadline

Get Advice From a Reliable Tax Professional

Finally, remember that this extension applies only to federal taxes. Check with your local tax agency or a trusted tax professional to stay up to date regarding deadlines to file and pay state taxes.

It’s important to know this and other updates to navigate the current circumstances. Our knowledgeable, friendly experts at JT Tax Services will help you so you can take advantage of all the relief initiatives you are eligible for.

At JT Tax Services we have the experience, the knowledge and the drive to assist you. With our advice, you can file your taxes with the peace of mind that comes with knowing that you are limiting your liability while staying compliant with federal and state tax regulations.

We are located in Oxnard, California. Contact us by email, telephone or through our social media accounts on FacebookTwitter and LinkedIn to learn more about our services.

We will be closed Saturday, Sunday and Monday (July 2nd - 4th)
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