Kaminski Tax Service

02/24/2025

Clients, friends, and loved ones,

It is with great sorrow to announce that Tom Kaminski unexpectedly passed away yesterday morning at home. To clients with appointments scheduled, or pending tax returns, someone has or will be in contact soon about getting your information and documents back if your returns have not been finished and/or filed, yet. We appreciate everyone’s patience and understanding at this time as Tom’s children are organizing things. Information about arrangements will be available in a few days.

Thank you,
The Kaminski Family

02/06/2025

If you claim the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), the PATH Act will delay it.

The Protecting Americans from Tax Hikes (PATH) Act requires the IRS to hold refunds for taxpayers who claim the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) until after February 14, in order to prevent tax fraud.

The IRS will lift the PATH Act holding requirement on February 17, 2025, and fund most refunds of taxpayers claiming either the EITC or ACTC by February 28, 2025.

Additionally, other tax credits, such as the American Opportunity Tax Credit (AOTC) or Premium Tax Credit, may require additional documentation, slowing down refund processing.

01/26/2025

Getting ready for the 2024 Tax Season and need to share some new items and reminders for this tax season.

First off thank you to all our tax clients for helping us grow beyond what I ever expected it to do way back when I started out on my own in 2002…

To start things off, there will be a slight increase in fees this season for some clients. Just can’t be help… 😔

ALSO STARTING THIS YEAR PLEASE DO NOT send ANY of your personal/business documents via Facebook or other social media outlets. We have a secure encrypted site for that. https://www.encyro.com/kaminskitaxservice

If you are a returning client, we encourage you to drop your information off. We now have a convenient door drop off slot that can be used 24/7/365. Please text me first though if using drop slot as you may have to fill out updated information forms at the time of drop off. You may also upload documents to my Encyro website https://www.encyro.com/kaminskitaxservice and I will send you if need be updated information forms to fill out and return.

Office Hours
Mon - Wed: 10:00 AM-4:30 PM
Thu: 10:00 AM-1:00 PM
Sun: 10:00 AM-3:00 PM
Evening appointments on these days can be arranged if schedule ahead of time…

Personal 1040 returns are due by April 15. This year we are requesting that ALL personal information be to us NO LATER THAN APRIL 5th. Anything received after that will probably have to be put on extension.

Business returns (Partnership 1065) are due by March 17th. This year we are requesting that all upon business information be to us NO LATER THAN MARCH 3rd Anything received after that will be put on extension.

We will try our best to processed returns in the order they are received. We promise to work as diligently and quickly as we can, but sometimes life does get in the way.

During the business day, we are busy working on returns or with clients, so we may not be able to respond to your phone calls, texts, emails, Facebook private messages right away so please be patient…

Payment for tax services can be paid by Cash, Checks, Venmo, PayPal, Debit/Credit Card.

Looking forward to seeing all of our returning clients as well as meeting new ones. We want and will try to make this tax season as smooth as possible for you our clients and for us as well. Again THANK YOU and we appreciate all of you!

Tom the Taxman
Kaminski Tax Service
810-623-0875
[email protected]

01/24/2025

Do I need to sign up for Medicare when I turn 65?

If you (or your spouse) are still working when you turn 65, Medicare works a little differently. Answer a few questions to find out when to sign up, or review some common situations.

01/23/2025

When to expect your refund if you claimed the Earned Income Tax Credit, Additional Child Tax Credit or American Opportunity Tax Credit

If you claimed the EITC, ACTC or AOTC you can expect to get your refund by March 3 if:

You file your return online
You choose to get your refund by direct deposit
We found no issues with your return

However, some taxpayers may see their refunds a few days earlier.

Why we hold your refund
By law, we can’t issue EITC, ACTC, AOTC refunds before mid-February. This includes your entire refund, not just the part that’s related to the credit you claimed on your tax return…

01/22/2025

WASHINGTON — The Internal Revenue Service today announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025…

11/21/2023

Attention direct online sellers, eBayers, Etsy, etc…

“IRS announces delay in Form 1099-K reporting threshold for third-party platform payments for 2023; plans for a threshold of $5,000 in 2024 to phase in implementation

WASHINGTON — Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service today released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023.

As the IRS continues to work to implement the new law, the agency will treat 2023 as an additional transition year. This will reduce the potential confusion caused by the distribution of an estimated 44 million Forms 1099-K sent to many taxpayers who wouldn’t expect one and may not have a tax obligation. As a result, reporting will not be required unless the taxpayer receives over $20,000 and has more than 200 transactions in 2023.

Given the complexity of the new provision, the large number of individual taxpayers affected and the need for stakeholders to have certainty with enough lead time, the IRS is planning for a threshold of $5,000 for tax year 2024 as part of a phase-in to implement the $600 reporting threshold enacted under the American Rescue Plan (ARP).”

01/20/2023

Tax office officially opens Monday Jan. 23rd.

The filing deadline to submit 2022 tax returns or file a extension and PAY TAX owed is Tuesday, April 18, 2023, for most taxpayers. Taxpayers requesting an extension will have until Monday, October 16, 2023, to FILE returns.

Many changes are being made (hours, fees, contact, irs regulations, communication, etc.) in order to serve all clients in a safer and improved way…

Make sure you have all your paperwork, forms ( W-2s, 1099's, 1095's A,B,C, 1098's, expenses, etc) before uploading or bringing to me… also if you have a Identity Protection Personal Identification Number valid for calendar year 2023.

If you upload tax documents to me you MUST use the link below and not the Kaminski Tax Service email…

https://www.encyro.com/kaminskitaxservice

Onward and upward in 2023!

Thank you!

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