Hello. Have you filed your taxes yet???

The 2019 deadline to file and PAY your taxes is days away!!!  July 15th to be exact. I still have space to take a few more tax returns, but You CAN request an extension to FILE your taxes, but there is no extension to PAY any taxes owed. To avoid penalties and fines you must […]

Tax Extension Due to COVID19 – Is a PAYMENTS Extension Not a FILING Extension

I hope you are staying safe during these unprecedented times of the COVID-19 Coronavirus shelter-in-place mandate. Many of you may have heard the Trump Administration’s announcement concerning tax payment extensions. What this means is if you OWE IRS taxes on your 2019 income, that payment date is postponed from April 15, 2020, to July 15, […]

High-Income Late Tax Filers – The IRS is Coming

According to IRS, they’ve hired some more agents so they can come get’cha.  IRS Newsroom publication IR-2020-34 published  February 19, 2020 says this: “Following the recent and ongoing hiring of additional enforcement personnel, IRS revenue officers across the country will increase face-to-face visits with high-income taxpayers who haven’t filed tax returns in 2018 or previous […]

It’s Tax Time – What Do I Need???

The 2019 Tax Season officially began on January 27th . So if you haven’t started getting ready for it… IT’S TIME! Here are the things you may need to gather so you’ll be ready for tax preparation services: IF you worked, received social security or retirement income, received a settlement payment, received Unemployment Insurance payments, […]

MyWalkTax – 2019 Tax Filing Season Update

Hello Clients and Friends: The 2018 Tax Season officially began January 28th. I am ready to serve your tax preparation needs, so you may start sending your documents over at any time. Please take a moment to read the details below. Getting Your Documents To Me, Drop-Offs and Appointments CURRENT CLIENTS: In order to meet […]

It’s Tax Time – What Do I Need?

You only do it once a year, so it can be difficult to remember what documents are needed.   If I’m your tax preparer, start with this one 2016 Client Tax Questionnaire Client Tax Questionnaire, and provide a copy of your social security card and your state issued identification. Next, do the following: FIRST – — Verify the […]

2016 Tax Season Begins!

Hello Clients and Friends The 2016 Tax Season officially begins on January 19. I will officially begin working with clients on Friday, January 22nd. You may start sending your documents over at any time.   In Addition To Your Normal Documents, Please Make Sure You Send: The attached questionnaire. Click here to download 2015 Client […]

2013 Tax Season – Income Tax Preparation by Michelle Walker-Wade

This year’s tax season is off to a late start, with the IRS not opening until January 30th, and other regulatory agencies adding more requirements and deadlines to the tax preparers. Having said that, I will begin seeing clients in February, but may not be able to offer certain services until closer March. Know that […]

Early Withdrawal From Retirement Penalty – What Are the Exceptions?

For the most part, any person who withdraws funds from his or her tax-deferred 401k or IRA account before reaching age 59 1/2 will end up paying 40% or more in income taxes and penalties.  You may ask the financial institution to withhold taxes, and they will do so, but only up to a certain […]