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Important 2018 Tax Information

For anyone that has an ITIN, you may have to renew it before the end of this year so you won’t risk losing some tax credits available to you. Expiring ITIN middle digits are 73, 74, 75, 76, 77, 81, 82.

 

New Tax Cuts and Jobs Act 2018 has changed a lot of laws

 

Many tax credit Laws have expired!

 

To be in the safe side I highly recommend for you to have a different strategy with your W-4 form from work. If you go exempt or declare a lot of dependents this year, it could be a big game changer for your refund.

 

For those that work from home or have employee expenses, they are not allowing most deduction which will affect your potential refund. So you may want to reduce those dependents or put it back to zero. If you get a 1099 misc form you could still write off employee or business expenses.

 

Government Shut Down

 

Here's What the Government Shutdown Means for the IRS and for Taxpayers

During the shutdown, the IRS is still offering the following services:

 

  • Processing electronic and paper filed returns

  • Processing disaster relief transcripts

  • Design and printing of tax forms

  • Accepting payments

  • Issuing refunds

  • During the shutdown, the IRS will not be offering the following services:

  • Answering phone calls—try it 800-829-1040

  • Processing 1040X amended returns

  • Conducting audits or examinations of returns