My Tax Doctor

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There is still time to file your 2021 Tax Return! Make an appointment today!

Start gathering your Tax Documents now.

Call My Tax Doctor for an appointment today:

(214)444-8292

My Tax Doctor's Tax Tips:

More Changes for Taxpayers With Kids
If you have children, you may have a 529 college savings plan in place. Money you put in the account grows tax-free, but up to now, it could only be used for qualifying college expenses. The new tax reform bill changes that.

Now, if you have a 529 savings plan for your child, you can use it for education other than college. For example, if you have children in private school or if you pay for tutoring for your child in kindergarten through twelfth grade, you can use money from your 529 for these expenses tax-free.(7)

While it may seem like a benefit to use a 529 plan prior to college, you should work with a qualified investing professional to make sure—especially if you want to use the 529 plan sooner than you originally intended. Withdrawing too much money before Junior goes to college can cancel out the power of compound growth.

Source: Dave Ramsey

IT'S TAX SEASON! Get your taxes filed with My Tax Doctor!!! Also, do you need extra cash... Get your $$$$$CASH$$$$$ for REFERRALS for the month of JANUARY & FEBRUARY!!!!!!!!! Call for referral details! "LIKE" our FB page and check out our website www.mytaxdoctor.com Give us a call at (214)444-TAX-2 (8292).

We are excited and looking forward to serving you! Call for an appointment today or fax your info to (855)665-4829 today so we can get started!

If you have questions please give us a call (214)444-8292.

Please LIKE our page and REPOST! Thank you in advance!

Do you have a loved one that is incarcerated at the moment and needs to file taxes?

How to File Taxes While in Prison How to File Taxes While in Prison February 24, 2015 By Babz Rawls Ivy, Online Editor Leave a Comment Posted by Amanda, MyDollarPlan.com Prisoners who have been in the system for longer than a year typically do not make much income. In fact, they may not even make enough to be required to file taxes....

Can you claim a relative that is incarcerated?

You can never find time.

For anything in your life,
If you're looking for time,
It's never going to be found.

You have to create time.

According to me,
True success in your life,
Will be when you can manage your time.

Time management is true success.

When a man has time to do all of the things,
The duties,
The varieties,
The fun,
Whatever it may be,

When you have the time to do everything you want to do in your life,
That's the day you will be successful.

So you have to create the time.
~ Hrithik Roshan ~

PATH ACT:

https://www.sbtpg.com/pathact.html

Santa Barbara Tax Products Group

My Tax Doctor's Tax Tips from the IRS:

New Federal Tax Law May Affect Some Refunds Filed in Early 2017; IRS to Share Details Widely with Taxpayers Starting This Summer

The Internal Revenue Service has announced initial plans for processing tax returns involving the Earned Income Tax Credit and Additional Child Tax Credit during the opening weeks of the 2017 filing season. The IRS is sharing the information now to help the tax community prepare for the 2017 season, and plans are being made for a wider communication effort this summer and fall to alert taxpayers about the changes that will affect some early filers.

This action is driven by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) that was enacted Dec. 18, 2015, and made several changes to the tax law to benefit taxpayers and their families. Section 201 of this new law mandates that no credit or refund for an over payment for a taxable year shall be made to a taxpayer before Feb. 15 if the taxpayer claimed the Earned Income Tax Credit or Additional Child Tax Credit on the return.

This change begins Jan. 1, 2017, and may affect some returns filed early in 2017. Additional information is listed below.

*To comply with the law, the IRS will hold the refunds on EITC and ACTC-related returns until Feb. 15.
*This allows additional time to help prevent revenue lost due to identity theft and refund fraud related to fabricated wages and withholdings.
*The IRS will hold the entire refund. Under the new law, the IRS cannot release the part of the refund that is not associated with the EITC and ACTC.
*Taxpayers should file as they normally do, and tax return preparers should also submit returns as they normally do.
*The IRS will begin accepting and processing tax returns once the filing season begins, as we do every year. That will not change.
*The IRS still expects to issue most refunds in less than 21 days, though IRS will hold refunds for EITC and ACTC-related tax returns filed early in 2017 until Feb. 15 and then begin issuing them.

This is one more step the IRS is taking to ensure taxpayers receive the refund they are owed. The IRS plans to work closely with stakeholders and IRS partners to help the public understand this process before they file their tax returns and ensure a smooth transition for this important law change.

More information about this law will be posted to IRS.gov and shared with partners and taxpayers throughout the second half of 2016.

IT'S TAX SEASON! Get your taxes filed with My Tax Doctor!!! Also, do you need extra cash... $35 for REFERRALS for the month of JANUARY!!!!!!!!! Call for referral details! "LIKE" our FB page and check out our website www.mytaxdoctor.com Give us a call at (214)444-TAX-2 (8292).

We are excited and looking forward to serving you! Call for an appointment today or fax your info to (855)665-4829 today so we can get started!

If you have questions please give us a call (214)444-8292.

Please LIKE our page and REPOST! Thank you in advance!