The new Path Act Law was designed to cut back on identity fraud and also fabricated returns. With the increase in identity fraud they feel as if they have to pass new laws to help protect us tax payers. If you file your tax return before Feb. 15, 2017 and you have claimed the earned income credit (EIC) or the child tax credit (CTC) your refund will not be issued out until Feb. 15. so it could take up to 21 days until after that date. So with that being said please be very patient and plan ahead. If possible please save any reciepts and all info you will claim on your refund. I see many audits and reviews ahead.
Friday, August 19, 2016
Tuesday, August 16, 2016
New Tax Laws!! Find out if you will be affected!!
On December 18, 2015 Congress passed a bill that may impact 30+ million taxpayers!!! Did you read that? it says it may impact 30+ MILLION TAXPAYERS!!! The bill that was passed is the Path Act Law. It prohibits the IRS from releasing refunds for taxpayers claiming earned income credit (EITC) and /or Additional Child Tax Credit (ACTC) prior to Feb.15,2017!!! My job is to inform everyone about the affect of this bill. I will keep everyone updated on the new laws passed and how you can be prepared for them. Be patient with this upcoming tax season.
On December 18, 2015 Congress passed a bill that may impact 30+ million taxpayers!!! Did you read that? it says it may impact 30+ MILLION TAXPAYERS!!! The bill that was passed is the Path Act Law. It prohibits the IRS from releasing refunds for taxpayers claiming earned income credit (EITC) and /or Additional Child Tax Credit (ACTC) prior to Feb.15,2017!!! My job is to inform everyone about the affect of this bill. I will keep everyone updated on the new laws passed and how you can be prepared for them. Be patient with this upcoming tax season.
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