Quality Tax Service LLC

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Me Too!

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Tax Time!!!!

Gaither your Tax Documents
Have your records organized to make preparing a tax return easier. It may also help you discover potentially overlooked deductions or credits.
Include in your tax records:
• Forms W-2 from employers
• Forms 1099 from banks and other payers
• Other income documents and records of virtual currency transactions.
• Form 1095-A, Health Insurance Marketplace Statement, if you purchased Marketplace coverage
• Notice 1444, Your Economic Tax Payment, if you received an Economic Impact Payment and think you qualify for the Recovery Rebate Credit
Notify the IRS if your address changes and notify the Social Security Administration of a legal name change.
Remember, most income is taxable. This includes:
• unemployment income,
• refund interest,
• income from the gig economy, and
• virtual currencies.

2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic

The 2021 tax season will start on Friday, Feb. 12, 2021, when the IRS will begin accepting and processing 2020 tax year returns. The Feb. 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the Dec. 27 tax law changes that provided a second round of Economic Impact Payments and other benefits. The additional programming work is critical to ensuring IRS systems run smoothly. These changes ensure that eligible people will receive any remaining stimulus money as a Recovery Rebate Credit when they file their 2020 tax return.

“Planning for the nation’s filing season process is a massive undertaking, and IRS teams have been working non-stop to prepare for this as well as delivering Economic Impact Payments in record time,” “Given the pandemic, this is one of the nation’s most important filing seasons ever. This start date will ensure that people get their needed tax refunds quickly while also making sure they receive any remaining stimulus payments they are eligible for as quickly as possible.”

From The Desk of Antoinette (Toni) Quick,

Please continue to visit our website: www.qualitytaxsvc.com for Important Updates: Be safe and I hope to see you soon.

Antoinette (Toni) Quick

Tax Preparation | Quality Tax Service, LLC | United States Quality Tax Services was established in 2005 with the sole purpose of helping clients in minority and underserved commuities understand the complexities of the everchanging tax laws. Quality Tax Services is a minority-owned limited liability company (LLC) located in the Districts Ward 8 community.

Meet our team of dedicated tax professionals eager to provide you with a quality, efficient, and affordable financial experience.