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Things y’all need to know about this upcoming tax season and things I’ve learned as a professional tax preparer. A THREAD!!
1. This upcoming season is going to be a shit show. Even if you have a “simple” return (W2 income only). Most self filers leave money on the table because they don’t know that some of the stuff they pay out of pocket for they can get a tax deduction for.
2. If you didn’t get the $1200 stimulus you can claim it on your 2020 tax return and still receive it. Recovery Rebate Credit. If you DID receive it, it is a refundable credit that was ADVANCED and you will not owe the IRS for it.
3. If you received unemployment of any type this year, you are required to file it on your taxes. You will receive form 1099-G. This form will more than likely included what your state paid you AND what you received in PUA. BOTH were taxable.
4. If you got your health insurance from http://marketplace.gov you’re going to receive a 1095-A. This must be filed. Almost EVERY return I had delayed last year was because the tax payer did not give me their 1095 or “forgot” they had marketplace insurance 
5. Anytime you are issued ANY TAX DOCUMENTS, those same documents are sent to the IRS. W2, 1099, 1098-T, 1098-R. Anything with weird numbers and letters also got sent to the feds. If you’re not filing forms you received that the IRS DID receive, you’re going to get audited.
6. Same thing goes for claiming forms that you didn’t receive. I’ve seen illegal preparers put education credits on people’s taxes that they don’t qualify for and now you owe the IRS and is disqualified for claiming that credit in the future even if you do qualify.
7. If you usually get an IPPIN it didn’t get lost in the mail. The IRS isn’t sending them out until early January this year. If you need to change your address with the IRS, do it YESTERDAY.
8. Get your affairs in order. Get your student loans out of default. Dept of edu gave back SOME offset refunds last year due to Covid, I HIGHLY doubt we get that lucky again.
9. Stop looking for a CPA or having it set in your head that you need to file with a CPA. Accounting and tax preparation are not the same thing and most CPAs don’t even prepare taxes. You can also check the IRS website to see if your tax preparer is even registered with the IRS.
10. Soft flex! My books for tax consultations will open back up January 2nd 
Last thing. If your preparer needs your AGI from last year to file your taxes THEY ARE NOT REGISTERED WITH THE IRS TO FILE TAXES. You will be held personally accountable for everything that’s on that tax return.
My tax books are open. Consults start early January. The days and times not open are closed to assist my returning clients. https://app.acuityscheduling.com/schedule.php?owner=14023935&appointmentType=18710164
https://app.acuityscheduling.com/schedule.php?owner=14023935&appointmentType=18710164
I prepare taxes for clients in all 50 states.
