2022 Client Newsletter
To our Clients:
Happy New Year! I hope the new year 2022 finds you all in good health and that you have all had a wonderful holiday season.
Tax season is here once more. Below are some important highlights to be aware of for this season:
2022 tax filing season begins on Monday, Jan 24th 2022. The IRS encourages everyone to have all the information they need in hand to make sure they file a complete and accurate return. Having an accurate tax return can avoid processing delays, refund delays and later IRS notices. This is especially important for people who received advance Child Tax Credit payments (Ltr 6419) or Economic Impact Payments ($1,400 per person) (American Rescue Plan stimulus payments) in 2021;Health insurance marketplace statements (1095-A / 3895-A) they will need the amounts of these payments when preparing their tax return. The IRS is mailing special letters to recipients, and they can also check amounts received on IRS.gov.
Like last year, there will be individuals filing tax returns who, even though they are not required to file, need to file a 2021 return to claim a Recovery Rebate Credit to receive the tax credit from the 2021 stimulus payments or reconcile advance payments of the Child Tax Credit. People who don’t normally file also could receive other credits.
Overall, the IRS anticipates 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. The IRS urges taxpayers and tax professionals to file electronically. To avoid delays in processing, people should avoid filing paper returns wherever possible. To speed refunds, the IRS urges taxpayers to file electronically with direct deposit information as soon as they have everything, they need to file an accurate return. If the return includes errors or is incomplete, it may require further review that may slow the tax refund. Having all information available when preparing the 2021 tax return can reduce errors and avoid delays in processing.
The filing deadline to submit 2021 tax returns or an extension to file and pay tax owed is Monday, April 18, 2022, for most taxpayers.
We are taking in person appointments as well as virtual appointments. Sending your information via our website or email is preferred in order to expedite your return.
If you have any questions, please contact us at info@ausejotaxes.com
Sincerely,
