KettyS Robles

KettyS Robles

Advisory Accounting Services, Financial Advise, Bookkeeping, Individuals & Businesses Tax preparation Providing Accounting services such as reconciliation financial, Financial planning, Tax Preparation

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Timeline photos 01/11/2022

Quarterly Estimated Tax Payments - Reminder

If you are making quarterly estimated tax payments to the IRS, the due date for the September 1st - December 31st, 2021 quarter of year is January 18th, 2022. You may be able to skip the January 18th payment if you file your 2021 return by January 31st, 2022 and pay all tax due.

For payments made using IRS Direct Pay, you can make payments until 11:45PM EST, and for payments using a credit or debit card, payments can be made up to midnight on the due date.

Quarterly Estimated Tax Payments - Reminder

If you are making quarterly estimated tax payments to the IRS, the due date for the September 1st - December 31st, 2021 quarter of year is January 18th, 2022. You may be able to skip the January 18th payment if you file your 2021 return by January 31st, 2022 and pay all tax due.

For payments made using IRS Direct Pay, you can make payments until 11:45PM EST, and for payments using a credit or debit card, payments can be made up to midnight on the due date.

Timeline photos 01/10/2022

Tax Filing Season Start

The IRS has announced that the individual tax filing season will start on Monday, January 24th, 2022 and the current deadline for most people to file 2021 tax returns and pay any taxes owed is Monday, April 18, 2022.

Tax Filing Season Start

The IRS has announced that the individual tax filing season will start on Monday, January 24th, 2022 and the current deadline for most people to file 2021 tax returns and pay any taxes owed is Monday, April 18, 2022.

Timeline photos 01/04/2022

Standard Mileage Rates for 2022 – Did You Know?

The IRS has updated the 2022 standard mileage rates for vehicle uses that qualify for a tax deduction. These rates apply for most passenger vehicles, including cars, vans, SUVs and pickup trucks. Here are the main mileage rates for this year:

- 58.5 cents per mile for business use of a vehicle (up 2.5 cents from 2021)
- 18 cents per mile for certain medical purposes (up 2 cents from 2021)
- 14 cents per mile for vehicle use for qualifying charitable work (unchanged)
- 18 cents per mile for Armed Forces members who have a permanent change of station, and use their vehicles for relocation (up 2 cents from 2021)

In most cases, taxpayers who qualify to claim a vehicle expense deduction may either use the standard mileage rate or actual expenses to figure their deduction. However, if you use your car or truck for business, you must use the standard rate for the first year you put the vehicle in service if you want to preserve this option for future years.

A tax professional can help you determine whether the standard mileage rate or actual expenses will result in a larger deduction in your circumstances. Keep in mind that if you choose to deduct actual expenses, you will need to keep detailed records of all vehicle-related costs.

Standard Mileage Rates for 2022 – Did You Know?

The IRS has updated the 2022 standard mileage rates for vehicle uses that qualify for a tax deduction. These rates apply for most passenger vehicles, including cars, vans, SUVs and pickup trucks. Here are the main mileage rates for this year:

- 58.5 cents per mile for business use of a vehicle (up 2.5 cents from 2021)
- 18 cents per mile for certain medical purposes (up 2 cents from 2021)
- 14 cents per mile for vehicle use for qualifying charitable work (unchanged)
- 18 cents per mile for Armed Forces members who have a permanent change of station, and use their vehicles for relocation (up 2 cents from 2021)

In most cases, taxpayers who qualify to claim a vehicle expense deduction may either use the standard mileage rate or actual expenses to figure their deduction. However, if you use your car or truck for business, you must use the standard rate for the first year you put the vehicle in service if you want to preserve this option for future years.

A tax professional can help you determine whether the standard mileage rate or actual expenses will result in a larger deduction in your circumstances. Keep in mind that if you choose to deduct actual expenses, you will need to keep detailed records of all vehicle-related costs.

Timeline photos 12/27/2021

Deferred Social Security Tax Payment Deadline - Did You Know?

The IRS allowed employers and self-employed people to choose to defer the employer's portion of their social security tax payments in 2020.

For those that chose to defer payment, half of that deferral will be coming due on January 3rd, 2022 and the second half will be due on January 3rd, 2023.

Payment can be made through the Electronic Federal Tax Payment system by employers and individuals. Individuals may also use Direct Pay.

EFTPS: https://www.eftps.gov/eftps/
Direct Pay: https://www.irs.gov/payments/direct-pay

Deferred Social Security Tax Payment Deadline - Did You Know?

The IRS allowed employers and self-employed people to choose to defer the employer's portion of their social security tax payments in 2020.

For those that chose to defer payment, half of that deferral will be coming due on January 3rd, 2022 and the second half will be due on January 3rd, 2023.

Payment can be made through the Electronic Federal Tax Payment system by employers and individuals. Individuals may also use Direct Pay.

EFTPS: https://www.eftps.gov/eftps/
Direct Pay: https://www.irs.gov/payments/direct-pay

12/26/2021

Happy Holidays!!!

Timeline photos 12/20/2021

'Tis the Season for Important Tax Paperwork

Keeping your records organized will help make sure you don't miss out on valuable deductions when it is time to file.

Here are some documents to be on the lookout for:

- Wage and income statements (W-2 or 1099-MISC)
- Health Insurance statements (Form 1095)
- Proof of qualifying educational expenses (Form 1098-T)
- 2021 Total Advance Child Tax Payments (Letter 6419)
- Your 2021 Economic Impact Payment (Letter 6475)
- Mortgage interest statements
- Retirement distribution statements
- Investment account statements
- Charity donation receipts

'Tis the Season for Important Tax Paperwork

Keeping your records organized will help make sure you don't miss out on valuable deductions when it is time to file.

Here are some documents to be on the lookout for:

- Wage and income statements (W-2 or 1099-MISC)
- Health Insurance statements (Form 1095)
- Proof of qualifying educational expenses (Form 1098-T)
- 2021 Total Advance Child Tax Payments (Letter 6419)
- Your 2021 Economic Impact Payment (Letter 6475)
- Mortgage interest statements
- Retirement distribution statements
- Investment account statements
- Charity donation receipts

Timeline Photos 12/14/2021

Preparing for a Smooth Tax Season (2/2)

The IRS recently posted a number of reminders about steps taxpayers can take in December to make sure they are ready for the upcoming tax season. Here are some key highlights:

USE UP YOUR FSA FUNDS:

If you have a workplace flexible spending arrangement (FSA) for medical or other qualified expenses, remember that FSAs have an annual use-it-or-lose-it rule. You will typically forfeit any funds left in the account on January 1. However, your employer may offer a special carryover or grace period option for health FSAs this year due to the pandemic. Check with your workplace benefits department to learn how the use-it-or-lose-it policy may affect your account. If you are at risk of losing funds, schedule qualifying expenses like dental work or eye checkups now.

SET UP A BANK ACCOUNT WITH DIRECT DEPOSIT:

If you provide direct deposit banking information to the IRS, you can get your tax refund up to three weeks faster than with a mailed check. If you do not know whether your accounts can receive direct deposits, check with a customer service agent at your bank.

DONATE TO CHARITIES:

The holiday season is an ideal time to contribute to charitable organizations, and there is an extra incentive to be generous this year. Ordinarily, taxpayers can only deduct charitable contributions if they itemize deductions. However, the American Rescue Plan Act created a special tax provision that enables taxpayers to claim a deduction of up to $300 (up to $600 for joint filers) for monetary contributions to qualifying charities in 2021. You can use the IRS tax-exempt organization search tool (link below) to verify that your charity of choice accepts tax-deductible donations.

A tax professional can help you plan your FSA use and charitable giving strategies, and suggest other steps to ensure a smooth filing season without unpleasant surprises.

IRS Charity Search Tool: https://www.irs.gov/charities-non-profits/tax-exempt-organization-search

Preparing for a Smooth Tax Season (2/2)

The IRS recently posted a number of reminders about steps taxpayers can take in December to make sure they are ready for the upcoming tax season. Here are some key highlights:

USE UP YOUR FSA FUNDS:

If you have a workplace flexible spending arrangement (FSA) for medical or other qualified expenses, remember that FSAs have an annual use-it-or-lose-it rule. You will typically forfeit any funds left in the account on January 1. However, your employer may offer a special carryover or grace period option for health FSAs this year due to the pandemic. Check with your workplace benefits department to learn how the use-it-or-lose-it policy may affect your account. If you are at risk of losing funds, schedule qualifying expenses like dental work or eye checkups now.

SET UP A BANK ACCOUNT WITH DIRECT DEPOSIT:

If you provide direct deposit banking information to the IRS, you can get your tax refund up to three weeks faster than with a mailed check. If you do not know whether your accounts can receive direct deposits, check with a customer service agent at your bank.

DONATE TO CHARITIES:

The holiday season is an ideal time to contribute to charitable organizations, and there is an extra incentive to be generous this year. Ordinarily, taxpayers can only deduct charitable contributions if they itemize deductions. However, the American Rescue Plan Act created a special tax provision that enables taxpayers to claim a deduction of up to $300 (up to $600 for joint filers) for monetary contributions to qualifying charities in 2021. You can use the IRS tax-exempt organization search tool (link below) to verify that your charity of choice accepts tax-deductible donations.

A tax professional can help you plan your FSA use and charitable giving strategies, and suggest other steps to ensure a smooth filing season without unpleasant surprises.

IRS Charity Search Tool: https://www.irs.gov/charities-non-profits/tax-exempt-organization-search

Timeline Photos 12/07/2021

Preparing for a Smooth Tax Season (1/2)

The IRS recently posted a number of reminders about things taxpayers can do in December to make sure they are ready for the upcoming tax season. Here are some key highlights:

ORGANIZE YOUR RECORDS:

Many tax deductions and credits require written documentation. Make sure your receipts for deductible expenses are safely stored with your tax records, or for digital documents, backed up in multiple locations. To claim a tuition credit like the Lifelong Learning or American Opportunity Tax Credit, you will need a copy of Form 1098-T from the school where you paid qualifying tuition and fees.

CHECK THE STATUS OF YOUR ITIN:

If you use an individual taxpayer ID number (ITIN) to file tax returns, make sure that the number has not expired. In general, if you have not used your ITIN to file a federal return at least once in the last three years (2018, 2019 or 2020), it will expire on December 31, 2021. All ITINs with middle digits in the 70-88 range have also expired, as well as some with middle digits from 90 through 99. An expired ITIN can lead to processing delays or the IRS rejecting your return.

CONTRIBUTE TO YOUR QUALIFIED RETIREMENT PLAN:

If you have not reached the annual contribution limit for your retirement plan, such as an IRA or 401(k), you may wish to put more money into the plan before the year ends. Contributions to traditional IRAs and other plans may be tax deductible, reducing your 2021 taxable income. Depending on your adjusted gross income (AGI), your retirement contributions may also qualify you for the Saver's Credit, which can reduce your tax on a dollar-for-dollar basis.

A tax professional can help you find the best year-end tax strategy for your retirement accounts, and suggest other steps to ensure a worry-free filing season without unpleasant surprises.

Preparing for a Smooth Tax Season (1/2)

The IRS recently posted a number of reminders about things taxpayers can do in December to make sure they are ready for the upcoming tax season. Here are some key highlights:

ORGANIZE YOUR RECORDS:

Many tax deductions and credits require written documentation. Make sure your receipts for deductible expenses are safely stored with your tax records, or for digital documents, backed up in multiple locations. To claim a tuition credit like the Lifelong Learning or American Opportunity Tax Credit, you will need a copy of Form 1098-T from the school where you paid qualifying tuition and fees.

CHECK THE STATUS OF YOUR ITIN:

If you use an individual taxpayer ID number (ITIN) to file tax returns, make sure that the number has not expired. In general, if you have not used your ITIN to file a federal return at least once in the last three years (2018, 2019 or 2020), it will expire on December 31, 2021. All ITINs with middle digits in the 70-88 range have also expired, as well as some with middle digits from 90 through 99. An expired ITIN can lead to processing delays or the IRS rejecting your return.

CONTRIBUTE TO YOUR QUALIFIED RETIREMENT PLAN:

If you have not reached the annual contribution limit for your retirement plan, such as an IRA or 401(k), you may wish to put more money into the plan before the year ends. Contributions to traditional IRAs and other plans may be tax deductible, reducing your 2021 taxable income. Depending on your adjusted gross income (AGI), your retirement contributions may also qualify you for the Saver's Credit, which can reduce your tax on a dollar-for-dollar basis.

A tax professional can help you find the best year-end tax strategy for your retirement accounts, and suggest other steps to ensure a worry-free filing season without unpleasant surprises.

Timeline Photos 11/30/2021

Giving Tuesday and Charitable Donations - Did You Know?

Giving Tuesday is an annual event that highlights charitable giving after Thanksgiving.

If you are considering charitable donations, you may be able to donate to a Donor-Advised Fund (DAF) every two or three years instead of every year. This may qualify you to receive tax benefits now, allow the amount to grow tax-free, and the decision on which qualified charity to fund can be made later.

If you are 70.5 years or older, you may also be able to make a qualified charitable distribution (QCD) directly from your IRA this year. QCDs may allow the donation to be deducted from your income. A tax advisor can help you structure your charitable giving.

The IRS has released a tool to make it easier to get information about qualified charitable organizations. The Exempt Organizations Select Check tool can be found at: https://www.irs.gov/charities-non-profits/tax-exempt-organization-search.

Giving Tuesday and Charitable Donations - Did You Know?

Giving Tuesday is an annual event that highlights charitable giving after Thanksgiving.

If you are considering charitable donations, you may be able to donate to a Donor-Advised Fund (DAF) every two or three years instead of every year. This may qualify you to receive tax benefits now, allow the amount to grow tax-free, and the decision on which qualified charity to fund can be made later.

If you are 70.5 years or older, you may also be able to make a qualified charitable distribution (QCD) directly from your IRA this year. QCDs may allow the donation to be deducted from your income. A tax advisor can help you structure your charitable giving.

The IRS has released a tool to make it easier to get information about qualified charitable organizations. The Exempt Organizations Select Check tool can be found at: https://www.irs.gov/charities-non-profits/tax-exempt-organization-search.

Timeline Photos 11/24/2021

Year-End Flexible Spending Arrangements (FSAs)

The IRS reminds taxpayers that FSAs for qualified health expenses are generally subject to a “use it or lose it” rule, meaning that the taxpayer forfeits any funds remaining in the account at the end of the year.

However, in many cases, employers may allow either a grace period to use up FSA funds from the previous year, or a partial carryover of funds to the next year.

If you have money remaining in your 2021 FSA, check with your employer's benefits department about whether you have a carryover or grace period option. If not, you may want to schedule qualified medical purchases or procedures now, to ensure that you use up FSA funds before January 1.

Year-End Flexible Spending Arrangements (FSAs)

The IRS reminds taxpayers that FSAs for qualified health expenses are generally subject to a “use it or lose it” rule, meaning that the taxpayer forfeits any funds remaining in the account at the end of the year.

However, in many cases, employers may allow either a grace period to use up FSA funds from the previous year, or a partial carryover of funds to the next year.

If you have money remaining in your 2021 FSA, check with your employer's benefits department about whether you have a carryover or grace period option. If not, you may want to schedule qualified medical purchases or procedures now, to ensure that you use up FSA funds before January 1.

About us

My goal is to help entrepreneurs and small business increase their revenues, manage cash flow, and take the highest tax savings be in compliance.

If you are trying to Increase Revenues & Step Up To The Next Level, While Receiving quality Customer Service, and Build a solid foundation of mutual Support and Trust then I/we can definitely help you

I am a specialists in Accounting Business and my accomplishments include:


  • Bachelor’s degree in Accounting, Tax preparer, Financial Planning
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    Happy New year 2021
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    792 Spur Drive South
    Bay Shore, NY
    11706

    Opening Hours

    Monday 2pm - 11pm
    Tuesday 2pm - 11pm
    Wednesday 2pm - 11pm
    Thursday 2pm - 11pm
    Friday 2pm - 11pm
    Saturday 8am - 11pm
    Sunday 8am - 11pm
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