JRM Financial Associates - Key West

On the hunt for your ? Check out the Where’s My Refund? tool to check on the status of your 2020, 2021 or 2022 tax refund.

Try this tool by using IRS2go app or visiting www.irs.gov/refunds

offers a tip series called the Tax Time Guide to help you file an accurate tax return. Take a look at: www.irs.gov/taxtimeguide

Choose the payment option that works the best for you. If you need to make a tax payment, you can:
• Pay using electronic funds withdrawal when you e-file.
• Make payments through your IRS Online Account or IRS Direct Pay
• Use a credit card, debit card or digital wallet using the IRS2Go app
• Pay in cash at one of our retail partners
• Mail a check or money order

The IRS reminds taxpayers, the agency won't accept gift cards as payment for a tax bill.

To learn more, visit: www.irs.gov/payments

Don’t miss your shot at claiming tax credits this filing season. If you aren’t required to file a tax return and choose not to, you could pass up on receiving a tax refund. Learn more about the valuable tax credits you may be eligible for: http://ow.ly/CnCy50N57pT.

Most Americans received their stimulus and 2021 Child Tax Credit payments. If you don’t typically file a return, it’s not too late to claim these benefits.
Learn More:
• 2021 Child Tax Credit: http://ow.ly/V37Z50NfCQv
• Recovery Rebate Credit: http://ow.ly/apPL50NfCNR

is a refundable credit – that means if you qualify and claim it, you could pay less in taxes or get a bigger refund. Check your eligibility today at www.irs.gov/eitcassistant

Sometimes you just need a little extra time. Apply for an extension to file your federal tax return.

Please be aware that:
• An extension of time to file your return does not grant you any extension of time to pay your taxes.
• You should estimate and pay any owed taxes by your regular deadline to help avoid possible penalties.
• You must file your extension request no later than the regular due date of your return.

To learn more about applying for an extension to file, visit: www.irs.gov/extension

An reminder that April 1 is the last day to start taking money from Individual Retirement Arrangements (IRAs), 401(k)s and other similar workplace retirement plans for individuals who turned 72 in 2022. The payments, called required minimum distributions (RMDs), are normally made by the end of the year. But those born after Dec. 31, 1949, qualify for the April 1 deadline in their first year.

Visit http://ow.ly/k7BN50NfuR5 for more information and FAQs on RMD.

As a CEO, it’s ludicrous to expect your employees to work as much as you do.

It’s your business. So of course your employees don’t “love it” as much.

Be better.

You work hard to manage your small business. Don’t get fooled by fraudulent third parties promoting improper claims of the Employee Retention Credit. Be wary of offers beyond the guidelines for this credit. Taxpayers are responsible for the information reported on their returns. Improperly claiming the ERC could result in paying back the credit along with penalties and interest.

For more guidance on the Employee Retention Credit check out http://ow.ly/6cTp50NaVwe.