Exactly Turner Services

FAQs

QUESTIONS / ANSWERS

Frequently Asked Questions !!

Because of the EITC and ACTC, the IRS cannot release your refund until mid-February. The IRS must hold all refunds, even if they are not linked to the EITC or ACTC. If there are doubts about the tax return or the IRS wants further information, certain tax refunds may be held as in prior years.

EITC and ACTC refunds are expected to begin arriving in taxpayers’ bank accounts or debit cards by the first week of March, providing direct deposits were chosen by the taxpayer, and there were no additional problems with the tax return.

Refunds take longer to process once they leave the IRS, and for financial institutions to accept and deposit them to bank accounts and products like debit cards. Because many financial institutions do not execute payments on weekends or holidays, taxpayers’ refunds might be delayed due to these factors. The three-day holiday weekend surrounding President’s Day impacts refunds for those who filed for the Earned Income Tax Credit and the American Child Tax Credit.

IRS.gov and the IRS2Go app will be updated with expected deposit dates for most early EITC/ACTC refund filers by February 22. After February 15, EITC and ACTC filers will not see an update on their refund status for several days.

Refund dates will not be updated by the IRS, tax preparers, or tax software, so taxpayers should not inquire about refunds until the end of February.

E.T.S. professionals from various backgrounds come together to provide your firm with access to more precise and effective work products since we’re all experts in our fields of expertise. As a leading provider of professional education and technology, we take great pride in maintaining our position at the cutting edge. You may turn to our vast library and other expert resources if you’ve got a challenging problem to solve.

A broad spectrum of customers benefits from our accounting firm’s tax compliance, tax preparation, tax planning, and business advising services. People from all walks of life, from small business owners and entrepreneurs to corporate leaders and educators to busy moms, doctors, lawyers, other healthcare professionals, and retirees, make up our diverse client base.

Individual customers must bring W-2s, 1099s, and other tax-related income papers for tax-related deductions such as property taxes and mortgage interest. For accuracy, we need an original scanned copy of your prior year’s tax return from all new customers. Clients returning in January will have the opportunity to meet with a tax advisor to acquire the necessary information.

As a service to our customers, we ask that they provide us with a copy of their accounting files. We’ll let you know if we need further information as soon as possible. Clients new to our firm must have a copy of their past year’s tax return on hand.

Please contact our office if you started your company within the previous year for any extra papers we’ll need to set you up properly.

We recommend that all new customers set up a meeting with one of our experts to see whether we can help them achieve their financial goals. For returning customers, we invite you to see us in person to review the papers you’ve supplied and a discussion about your current position. You may drop off, email, or mail your papers to us if you prefer. Contact us if you have any more inquiries.

If you have any questions or concerns, please don’t hesitate to contact us through email, phone, or in person. We value the long-term business connections we have with our clients.

 

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