JMK CPA GROUP LLC

04/03/2023

We are open today with normal office hours. Our internet and phones just came back up. Access to our office is available from north or south 31, but Whiteland road is still closed.

04/01/2023

We will be closed today. The power is out in Whiteland and there's major damage to the area. Our office is OK, but keep the affected people in your prayers.

04/18/2022

FYI- Our office will be closed Tuesday April 19 and Wednesday April 20 in celebration of the end of tax season. We will resume our post tax season hours of 9-3M-Th and 9-1F Starting Thursday 4/21.

Thanks!!

Jason

01/13/2022

The IRS announced this week that the filing season will open January 24 this year!!!https://home.treasury.gov/news/press-releases/jy0553

01/02/2022

09/26/2021

Hard to believe it will be October this week already!! That means the individual extension deadline is just a couple of weeks away. If you filled an extension and still need your return filed we'd be happy to help you get it filed. We're always taking new clients and if you need an appointment give us a call at 317-535-4256!!

01/15/2021

IRS to delay tax season

The Internal Revenue Service plans to open tax-filing season on Feb. 12, although it is making its Free File program available starting Friday.

The tax season normally begins in late January, but the ongoing COVID-19 pandemic, the distribution of the latest round of Economic Impact Payments, a backlog of work from last year, and changes in the tax laws seem to be delaying tax season this year. Nevertheless, the IRS announced earlier this week that all tax forms and instructions are ready and that last-minute changes to the tax laws have been included in all the tax forms and instructions.

Despite the delays, the IRS said Friday that taxpayers can begin working early on their taxes with the Free File software. That will give taxpayers an opportunity to claim tax credits like the Recovery Rebate Credit and other deductions.

12/25/2020

Merry Christmas!! With the holidays almost over, tax season is right around the corner. We're gearing up for it now and are always taking new clients!! We'd love to be your tax provider for tax year 2020. Feel free to call and schedule an appointment now. We also do walk in and drop off and pick up service as well.

08/19/2020

Updates on IRS operations with Covid:
Billing Notices. The IRS began in June to mail 20 million backlogged letters and notices to taxpayers with past due payment or response dates. To save money, the IRS didn’t reprint the notices with correct dates but rather stuffed an “insert” in with the billing. The last page of the insert had the corrected due date. Because the IRS is caught up with mailing out notices that were delayed due to Service Center shutdowns, due dates should be correct on current billings.

More Billing Notices. Dates on current IRS notices might be right, but the amounts are wrong. Paper checks are in a pile of 11 million pieces of unopened mail. Don’t call. There is no one to answer. Don’t write. Your letter will end up in the “unopened mail warehouse.” Try to hold tight and not to cancel the payment and rewrite a check.
IRS intends to post payments as of the date the IRS received them, rather than the date they are processed. This should eventually help with late payment penalties and interest charges once mail is opened and payments are posted.

Other Operation Updates
1. Paper tax returns continue to experience long processing delays. The IRS asks us to e-file anything that we can. In IRS news, you may now e-file 2019 Forms 1040X.
2. The IRS is waiving bad check penalties for dishonored checks the agency received between March 1st and July 15th due to delays in IRS processing.
3. Taxpayers who mail correspondence to the IRS “should expect to wait longer than usual for a response.” Now, is the usual delay three months or will it be six months?
4. Installment agreements continue to be available online for clients that need to make payment arrangements.
5. Call-waiting continues to be extraordinary.

05/08/2020

There has been a lot of question and confusion regarding stimulus checks sent to decedents. The IRS has released an answer through it's FAQs

The IRS posted the following FAQ on the stimulus payment received by decedents:

A payment made to someone who died before receipt of the payment should be returned to the IRS by following the instructions about repayments. Return the entire payment unless the payment was made to joint filers and one spouse had not died before receipt of the payment, in which case, you only need to return the portion of the payment made on account of the decedent. This amount will be $1,200 unless adjusted gross income exceeded $150,000.
The IRS also provided instructions on the repayment of the check – you can either send the void check or submit a personal check to the IRS mailing address as determined by the chart on their page.

We expect the Treasury Department and the IRS will provide official guidance on this, including specifics as to what would happen if the money is not returned.