top of page
Recent Posts
Archive
Tags
IRS 2026 TAX FILING SEASON OPENS
Contact Ragasa Tax Service to schedule an appointment for tax preparation. The IRS is now accepting and processing tax returns for the 2025 tax year. Please note the following important points regarding tax filings: · Most refunds are issued within 21 days. · Refunds for Earned Income Tax Credits (EITC) and the Additional Child Tax Credit (ACTC) will be available by March 2, 2026. · Taxpayers who opt for direct deposit and whose returns are error-free may re
Reporting Proceeds From Certain Digital Asset Transactions
Proceeds from certain digital asset transactions will be sent to taxpayers in early 2026 but there are steps that can be taken now to get...
HOW TO CHOOSE A TAX PREPARER
What to consider when choosing a tax return preparer: ~Make sure the preparer is available year-round. If questions come up about a...
IRS Announces Start Date for 2025 Tax Season
The Internal Revenue Service announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025. Let us prepare accordingly....
DON'T BE SCAMMED
This is just a simple reminder regarding IRS notices. The IRS will only contact the taxpayer through The United States Postal Service....
2024 Tax Season Begins on January 29.
IRS schedule for the 2024 tax filing season to begin on January 29. Although, the IRS will not officially begin accepting and processing...
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms
As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form...
Reporting rules changed for Form 1099-K
Taxpayers should receive Form 1099-K, Payment Card and Third Party Network Transactions, by January 31, 2023, if they received third...
Earned Income Tax Credit (EITC) Relief
If your earned income was higher in 2019 than in 2020, you can use the 2019 amount to figure your EITC for 2020. This temporary relief is...
Taxpayers can now begin filing returns
Taxpayers can now begin filing returns; but the returns will not be transmitted to the IRS until February 12. (Source:...
bottom of page