2022 Tax Season Client Letter
2022 Tax Season
Another tax season is upon us and I would first like to thank everybody for being patient during the last two tax seasons. Having dealt with IRS staffing issues, Pandemic legislation and personal health issues, we are hoping this will be a much smoother tax season.This year we are fully staffed, upgraded and ready for the tax year. We are excited to announce that Karen had a healthy, beautiful, baby boy named Elias Lee Alacorn.
First a bit of concerning news is coming from the IRS, they are counseling people to expect smaller tax refunds in 2023. There are two main reasons for this, there were no economic impact payments in 2022, so taxpayers won’t get an extra stimulus payment in their 2023 tax refund checks. Secondly, expanded tax credits and deductions—like the child tax credit and charitable contributions deduction—reverted to their pre-COVID-19 amounts. In addition, income tax brackets have shifted slightly. There are still seven tax rates, but the income ranges (tax brackets) for each rate have shifted slightly to account for inflation.The standard deductions are larger, the child tax credit is smaller, and Income thresholds drop for the child and dependent care credit. I have spent many hours attending classes and seminars and I feel confident that I fully understand the changes and can maximize any benefits to you.
The first day to file this year was January 24th. The deadline for most businesses is March 15th and the deadline for personal income tax is April 18th. As always, I understand that tax season is no fun, but I want to help make it as painless as possible. Please remember that payment is due at the time of filing.. We can not file a return until the bill is paid or a payment plan has been worked out. Thank you for understanding this change. We are also adding a surcharge of 3% for credit card payments. There is no surcharge fee with cash, checks, or debit cards.
Thank you so much for your business,
Denise Castro, CPA
Denise Castro CPA Tax Year 2022
There are several options for getting your documents to us. You can use our “Intuit Link”. This allows you to upload your scanned documents, check statuses, and approve or sign documents. Let us know if you would like to try this free, secure service and we will send an invitation to sign up.
You can mail your documents. Many clients choose this option especially those who live out of our area.
You can use our dropbox next to the front door
You can come to our office and hand off the documents.
You can electronically send them using email, Google Drive or Dropbox.
When your taxes are complete:
You can use Intuit Link to see the status of your tax return and review it.
Or we can mail, email or use Google Drive or Dropbox
Reviewing and Filing your taxes:
We can review your taxes via telephone or video chat, including Skype, Facetime, Messenger, or Android Video.
You can approve and sign your taxes via Intuit Link, or because of covid regulations via email.
My tips for a “Less Stressful” tax season
First go ahead and start gathering your information. All of your W2’s, 1099’s, Mortgage and Brokerage statements are arriving. Create a central location to collect these documents.
Next, you can contact my office for a “Client Organizer” pre-filled with last year’s data or some of you may prefer to download a generic “2022 Client Organizer” from our website at www.denisecastroCPA.com.
Finally, we need to receive your information before the week of the deadline. For businesses, we have already started requesting that you submit your information by Feb. 15th. For individuals, we recommend March 15th. We realize that life happens and it can be difficult, but waiting until the last minute raises both our stress levels.