News & Updates

News & Updates

E-File Open

posted Jan 24, 2017, 3:22 PM by Jo Ann Sims

E-File is now open.  Most of you know there is a delay in the IRS releasing refunds to taxpayers that receive EIC or Additional child ta credit until mid February, BUT that doesn't mean you have to wait until then to file.  You can file now and then it will already be in the IRS system so they will release your refund when they are allowed to.  Come on in and get the return filed so you can be in line when they start releasing those refunds.  See ya soon.
Jo Ann

Employment Opportunities

posted Nov 14, 2016, 1:16 PM by Julia Sims

We pride ourselves on offering personal service to our clients. In an effort to do this for our many clients we hire additional hands each year. It's that time now, and we'd like to take a moment to seek out those special individuals who would like to be a part of our 2016 tax year crew.  We hire both tax preparers and office assistance. For more information see out Job Opportunities page and our Facebook page or e-mail us at jostax2@comcast.net.

We look forward to getting to know you!

Bookkeeping Services

posted Oct 17, 2016, 3:17 PM by Julia Sims

For those who own your own business, bookkeeping can be a nightmare. Fortunately, Jo's Tax Service is open all year for your convenience.

Don't wait until the end of the year during crunch time to get your financials in order. If you keep things in order throughout the year it will be cheaper and less stressful for you.

We, of course offer a full range of bookkeeping services, and should you choose to take advantage of them, it will put us in a position to pick up on any pitfalls that may be coming your way on the tax front so you're not slammed with everything at the end of the year.

Give us a call to further discuss how we can help you.




E-file Starts Tomorrow!

posted Jan 18, 2016, 8:34 AM by Julia Sims

Official E-file date starts tomorrow! Jo's Tax Service is here to help with all your tax related needs. Come see us. For the remainder of tax season we'll be open from 9:00 AM - 8:00 PM Mon-Friday and 8:00 AM - 4:00 PM on Saturdays. As always we accept walk-ins but appointments are best, drop offs are always welcome.

Call or e-mail us with any questions or concerns you have.

540-825-0325
jostax2@comcast.net

Tax Season is here!

posted Jan 13, 2016, 8:02 AM by Julia Sims

It's officially tax season now! We look forward to seeing everyone this year. As stated on our Facebook page, anyone who comes in before January 19th gets free e-file.
No W-2s? No problem. We can prepare your taxes based on your last pay stub and e-file once you receive the actual w-2.
Even those outside of Culpeper are welcome. We serve clients from all over the states and even some from over seas!
Have a business and you're just not sure who to turn to? We can help you there too. We handle sole proprietor, partnership, and corporation returns of all sizes.
Unsure how to file? Give us a call to see how our family can help you this year and hopefully for many years to come.

Tax Year 2015 Calendar: Important Dates and Deadlines

posted Dec 17, 2015, 4:41 PM by penguin Heilman

Unless otherwise indicated, all deadlines are at 11:59:59 P.M. (one second before midnight) local time.

See also IRS Publication 509.

November 15, 2015

  • Open enrollment for tax year 2016 begins at the Health Insurance Marketplace.
  • The open enrollment period for tax year 2015 ended on March 15, 2015.

January 4, 2016 (SUBJECT TO CHANGE)

  • The Intuit Electronic Filing Center begins accepting and holding ("stockpiling") 2015 tax returns that are final and able to be e-filed.
  • The IRS starts processing stockpiled returns on January 18 (subject to change).

January 15, 2016

  • Due date for fourth installment of 2015 estimated tax payments.

January TBD

  • The IRS starts processing previously stockpiled returns. Most (but not all) are processed on a first-in, first-out basis.
  • The IRS will run a small number of stockpiled returns through their systems up to a week before this date for testing purposes.
    • If yours is one of them, please note that your tax refund (if any) will not be processed until after the IRS processing date.

February 15, 2016

March 15, 2016

  • Deadline for filing a 2015 S corporation or partnership return or extension.

April 18, 2016

  • Deadline for filing a 2015 personal, C corporation, or estates/trusts tax returns or extension.
    • The return or extension must be postmarked or transmitted for e-filing by Monday, April 18, 2016.
    • To avoid late payment penalties and interest, any additional taxes you owe must be paid by this date even if you filed an extension
  • Due date for first installment of 2016 estimated tax payments.

April 25, 2016

  • Deadline for resubmitting or paper-filing a rejected federal return that was originally e-filed by the April 18 deadline if you did not file an extension.
    • Note: Although the last day to resubmit a rejected return is October 20, the April 25 deadline applies to taxpayers who owe taxes and want to avoid the late-filing penalty.
  • Deadline for resubmitting or paper-filing a rejected extension that was originally e-filed by the April 18 deadline.

June 15, 2016

  • Deadline for filing a 2015 personal return for U.S. citizens or residents living and working abroad, including military duty.
  • Due date for second installment of 2016 estimated tax payments.

September 15, 2016

  • Final deadline to file your 2015 S corporation or partnership tax return if you filed an extension.
  • Due date for third installment of 2016 estimated tax payments.

September 30, 2016

  • Final deadline to file your 2015 estate/trust tax return if you filed an extension.

October 17, 2016

  • Final deadline to file your 2015 personal or C corporation tax return if you filed an extension.

October 20, 2016

  • Final deadline to resubmit a rejected return that was originally e-filed on or before October 17.
    • If you're expecting a refund and miss the October 20 e-file cutoff date, you have until April 15, 2019 (October 15, 2019 if you filed an extension) to file a paper return and claim your 2015 refund.

Tax Season

posted Apr 10, 2014, 12:14 PM by penguin Heilman   [ updated Apr 10, 2014, 12:15 PM ]

It’s about that time.

It’s time for all the tax preparers to gear up, strap up, prepare their trusty calculators and pencils and get ready for the onslaught of taxes that need to be prepared.

Tax Season is just around the corner. Are you ready? Most people are not.

Are you one of those people who fret over if you have everything? If so, take a few deep breaths and check out our website. Over our time of being in business we are compiling more and more information geared towards common problems that our clients come across and we will be attempting to offer information or check lists that are as user firendly as we can make them.

As always your suggestions or comments are welcome.

 

Thanks for visiting us,

Jo’s Tax Service

Tax time is over ... Or is it?

posted Apr 10, 2014, 12:14 PM by penguin Heilman   [ updated Apr 10, 2014, 12:15 PM ]

Those who filed extensions may still be feeling the crunch of tax time. Try to get ahead of the game next year so you don’t have to extend your worry! Here’s a few tips for those people who file extensions year after year because they never have things ready.

* Organize things as you go. This could be a filing system with separate folders, hiring a bookkeeper, or something as simple and crude as different shoe boxes labeled for different types of  receipts, bills, and invoices. Any kind of organization is better than none. This eliminates the scramble to find everything at the end of the year.

* Mark what’s paid, when and how (Check, cash, CC etc.). Take down any information regarding each item directly on the bill, receipt, or paper. This can be important come tax time and make things go much smoother. This way, if you get something in the wrong year, or month, the dates are posted directly on the item and you know the who what when where and why of it all. If writing it directly on is not possible, staple or paperclip a separate paper to it with the information. It’s easy to forget over the course of the year information that could help you get a tax break that you receive in the beginning of the year.

* When in doubt, call us and ask. Jo’s Tax Service is open year round. We handle bookkeeping for some of our tax clients and we’re always here to answer their questions. If you ever want to know how something will affect your taxes next year, give us a call. See our website for our contact information and business hours.

* Feed your brain with information. Any time you see anything that says ‘tax break’ or similar information, get informed. This is a good way for you to make sure your taxes are done correctly. Ask questions of a tax professional, or do some research online if you like that avenue better. The IRS site has a lot of information, though much of it can be confusing for those not up to date on the tax lingo. The more research you do, the more informed you will be, and the less you will miss out on in the years to come.

* Keep a log of income and expenses for your business if you have one. This includes hobbies. There are possible deductions for these things. Buy a cheap composition notebook and write everything down. Detail dates and amounts and a general description of what it was for. Come tax time when you need to know what you made for the year, you will applaud yourself for all the time and frustration you just saved, not having to go back through bank statements, or digging through papers that you may, or may not have saved.

* Consider document scanning. This is a way for all your paperwork to be logged without you having to keep it around all year. If you are very disorganized, this is definitely a way to go. This is a service our office offers, but you can also buy a cheap document scanner these days if it’s for small volume things and you don’t mind the extra work.

Remember, we are here year round to help you with all your bookkeeping and tax related needs. We pride ourselves on our personal touch and friendly relationships with our client, and as such would be happy to hear from you at any time of the year. Check out our website for our contact information and hours.

www.jostax.com

Prepare yourself for tax time!

posted Apr 10, 2014, 12:13 PM by penguin Heilman   [ updated Apr 10, 2014, 12:16 PM ]

Tax time always seems to be just around the corner.

We here at Jo’s Tax Service have selected a few tips that may help you get a head start on this coming tax season and ease your stress when it finally comes. Yes, it’s early… But it’s never too early to be prepared.

  1. Keep your receipts! If you did improvements to a rental property, bought equipment for your business, even if you adopted a child… Keep your receipts. If you’re not sure what receipts YOU in particular should be keeping, call your local tax office to find out.
  2. Keep all your paperwork together. As your W-2s or 1099s come in, put them all in one folder.
  3. If you own your own business, keep some kind of profit and loss handy. Even if it’s just a simple piece of paper where you write down your expenses and income. It’s a hassle to track down at the last minute. Keep it current as the year goes and you will free up so much time and frustration later.
  4. Keep track of business miles through out the year. Again, keeping track as you go makes it easier when Tax Time actually hits.
  5. Get informed. Most tax offices that are open year round don’t mind answering questions for their clients. It’s why they stay open year round! If you’re not sure of how something is going to impact your tax outcome, ask before you do it.
  6. Remember where you worked. Don’t let a stray W-2 that you forgot you had coming cause you to amend. Amendments could possibly cost you some money. No one likes spending out if they don’t have to.
  7. Research your tax office. Don’t just blindly choose. Really ask around. Ask your friends and family how helpful their tax office was. Did they have the answers they needed? Was it reasonably priced? Do they feel that their tax office did the best they could? Know before time comes so you can make an informed decision.

 

Visit our website for further information on how you can be prepared and how we can help you.

www.jostax.com

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