When we explain the benefits of attaining taxpayer in good standing status, most clients jump at the opportunity.
Costa Mesa, CA (PRWEB) March 15, 2013
Ideal Tax Solution, LLC is strongly recommending that any taxpayers who have not filed their 2009 tax returns do so by Monday, April 15, 2013. By filing, taxpayers may be eligible for part of the over $917 million which is available for almost 985,000 taxpayers.
Ideal Tax Solution, LLC is informing its clients and all potentially eligible taxpayers to prioritize filing their 2009 tax returns if they have not yet done so. The IRS provides most taxpayers a three-year window of opportunity for claiming a refund. If no claim is filed to claim a refund within that window, the money becomes part of the U.S. Treasury. The Internal Revenue Service does not apply penalties for filing a late return if it qualifies for a refund.
The IRS will withhold any refunds owed to them or any state tax agency. The refunds can also be applied to any unpaid child support or past due federal debts such as student loans. In addition, the IRS and the tax professionals at Ideal Tax Solution are reminding taxpayers their refund checks can be held if 2010 or 2011 returns have not been filed.
By failing to file a return, taxpayers stand to lose more than tax refunds paid in 2009. Many low-to-moderate workers may not have claimed the Earned Income Tax Credit (EITC) for that year, which totaled as much as $5,657. The tax help specialists at Ideal Tax Solution can assist taxpayers in determining the amount of credit to which they are entitled. EITC helps taxpayers whose incomes fall below certain thresholds.
In 2009, the thresholds were:
∙ $43,279 ($48,279 if married filing jointly) for those with three or more qualifying children
∙ $40,295 ($45,295 if married filing jointly) for those with two or more qualifying children
∙ $35,463 ($40,463 if married filing jointly) for those with one qualifying child and
∙ $13,440 ($18,440 if married filing jointly for people without qualifying children
“We are often contacted by taxpayers who are unclear on the regulations surrounding past year filing,” says Thomas Rodriguez, a senior tax analyst at Ideal Tax Solution. “When we explain the benefits associated with attaining taxpayer in good standing status, most of them jump at the opportunity.”
More information on 2009 tax refunds can be found on the IRS website or by contacting the tax liability specialists at Ideal Tax Solution.
For U.S. taxpayers interested in finding out more about Ideal Tax Solution and their full range of in-depth and personalized tax preparation services, or for any tax help related issue, visit them online at http://www.idealtaxsolution.com. You can also reach them by phone by dialing 888.393.5154. Good tax tips and additional information can be found on their Facebook page and by following them on Twitter.
About Ideal Tax Solution, LLC – Located in Costa Mesa, California, the company provides a full range of tax preparation and resolution services as well as reassurance to taxpayers nationwide. With more than 55 years of combined experience providing American taxpayers with federal and state income tax solutions, Ideal Tax Solution offers an experienced staff which includes Enrolled Agents, CPAs and Senior Tax Consultants who stand at the ready to help with any tax issues.