LT Elite Tax Services LLC

Feeling lucky? 🍀
Instead of searching for a pot of gold, track your tax refund online with the Where’s My Refund tool. It’s a secure and easy way to check your refund status anytime, no phone call needed. Visit IRS.gov/Wheres-My-Refund to stay in the know.

With the tax deadline fast approaching, the reminds you that you can request a six-month extension to avoid late-filing penalties. Keep in mind that a filing extension gives you extra time to prepare and file a tax return, but not more time to pay any tax due: www.irs.gov/extensions

If you claim a refund on your 2025 tax return, new rules may affect how the IRS issues the refund if you don’t provide direct deposit information or if your direct deposit is rejected. https://ow.ly/8Yg850Yo3Ls

Many of us are now receiving the tax documents we need to file our tax return. If you sold or disposed of digital assets using a broker, you might receive a new Form 1099-DA. Most of these statements will not include the basis for digital asset transactions in 2025 and you'll have to calculate the basis on your own to determine your gain or loss.

Don't forget: You must report any related income, gains, or losses, on your tax return, whether you receive a Form 1099-DA or not.

For more important reminders about digital assets, visit https://ow.ly/fpkE50Y7Gpc.

Some tax refunds may take a little longer, but the wait is worthwhile: If you claim certain credits, the is required to wait until mid-February to issue your refund. information can help you find out when you can expect your refund. Where's My Refund will show an updated status by February 22.

Find more information at www.irs.gov/refundtiming.

Create an Online Account to view your balances, make payments, get transcripts, and more.
Setting up an online account with the IRS has never been easier! To help get you started, be sure to have your photo ID handy to verify your identity.
https://ow.ly/CEQ450YfgxB

You may have seen that the IRS is moving away from paper checks. If you usually receive a tax refund by paper check, you might also be experiencing some confusion about how you will receive your refund this filing season.

If you claim a refund on your 2025 tax return, new rules may affect how the IRS issues the refund if you don’t provide direct deposit information or if your direct deposit is rejected. These changes are part of the IRS effort to modernize payments to and from America’s bank accounts. https://ow.ly/UNJ350YcfxL

If you're due a refund this year, make sure you choose Direct Deposit. It’s the quickest and most secure way to receive your tax refund, especially as the phases out paper checks.
https://ow.ly/CVol50Yfgop

Can't wait to get your refund? Here's a tip: You can get your refund faster by filing electronically and requesting direct deposit. Most electronically filed returns are processed within 21 days. Best of all, the software checks for errors. You can correct any issues the software finds before you submit your return, which can help reduce delays.

For more details, visit www.irs.gov/efile.