This afternoon the State of Ohio issued a Stay at Home Order that will go into effect at 11:59 p.m. March 23, 2020 and remain until 11:59 p.m. April 6, 2020. This order identifies businesses that are essential and therefore exempt from this order. Liberty Accounting Plus is designated as an essential business and will remain open.
2018 Tax Season
The IRS has announced that the start of the 2019 filing season will start accepting business tax returns on January 8, 2019. “WASHINGTON — Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.” The Trump Administration has stated that the IRS will issue out refunds during the current governmental shut down. Normally the IRS does not issue income tax refunds during a government shut down.
2017 Tax Season Start Date
IRS has announced that the 2017 tax season for individuals will start on Monday, January 29,2018. You can
get your taxes prepared now and the IRS will start accepting tax returns on January 29th.
Earned Income Tax Credit and Additional Child Tax Credit
This year many taxpayers will see a change in the time that they receive their income tax refunds. “The IRS will begin to release EITC/ACTC refunds starting Feb. 15. However, the IRS cautions taxpayers that these refunds likely won’t arrive in bank accounts or debit cards until the week of February 27 — if there are no processing issues with the tax return and the taxpayer chose direct deposit. This additional period is due to several factors, including banking and financial systems needing time to process deposits.” Source IRS: Refund Timing for Earned Income Tax Credit and Additional Child Tax Credit Filers
This year the Ohio Department of Taxation is offering random taxpayers ID Quiz to verify their identity to receive tax refunds.
“The online quiz will give people five minutes to answer four questions that are designed so no one else would know the answer. You’ll need to get three right to get your refund. State tax officials say they have made accommodations for people who don’t have computers or internet access at home.”
Many people are afraid of the IRS.
There are criminals who are taking advantage of this fear.
“These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They may know a lot about you, and they usually alter the caller ID to make it look like the IRS is calling. They use fake names and bogus IRS identification badge numbers. If you don’t answer, they often leave an “urgent” callback request.”