ATC Income Tax

01/21/2016

We are rolling out "ATC Movie Mania" today! We are raffling off $500 this Saturday at two locations!
To enter raffle, an individual must register at www.ATCMovieMania.com and visit our office this Saturday to win $250 cash. We are doing the raffle at two locations. $250 each location. There is no fee or gimmick to win.

STEP

01/19/2016

I know it's cold outside Atlanta but the IRS just opened today and I know you want those taxes done right away so come see us at any one of our 7 locations and get your taxes done right!!! Call us at 404-284-4444 for the location nearest you!!!

01/15/2016

Come with your last paycheck stub and we will get you pre-qualified for a cash advance today!!! Don't delay get here today and get cash!!!

Call 404-284-4444 to schedule your appointment to receive your check!!! ATC is open for business. Will your local tax company print checks for you until 330a...

01/15/2016

IRS OPENS ON JAN. 19TH: Good News - ATC has IRS ACCEPTANCE already for many clients. ATC has been selected to receive early acknowledgements from the IRS. Avoid long waits and stop by your local ATC office today. We will prep your return and all your tax documents so you can be one of the first to have you’re your return accepted.by the IRS.

01/12/2016

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At ATC, every return comes with a Refund Maxed Guarantee and each is backed by our Triple A Promise! Not only will you get the maximum refund fast on your re...

01/08/2016

Yayyy!!! It's finally that time of year again.... TAX SEASON!!! All of our offices will be opening on Monday, January 11, 2016! We also will be having our kickoff party on Saturday, January 9, 2016! Come out meet your tax preparer's and eat good food and enjoy giveaways!!!

02/12/2015

TAX TIP THURSDAY: Obtaining and Claiming a Health Coverage Exemption

The Affordable Care Act requires you and each member of your family to have minimum essential coverage, qualify for an insurance coverage exemption, or make an individual shared responsibility payment when you file your federal income tax return.

If you meet certain criteria, you may be exempt from the requirement to have qualifying health coverage. If you are exempt, you will not have to make a shared responsibility payment when you file your 2014 federal income tax return this year. For any month that you do not qualify for a coverage exemption, you will need to have minimum essential coverage or make a shared responsibility payment.

How you get a coverage exemption depends upon the type of exemption for which you are eligible. You can obtain some exemptions only from the Marketplace, while others may be claimed when you file your tax return.

You may be exempt if:
•The minimum amount you must pay for the annual premiums is more than eight percent of your household income
•You have a gap in coverage that is less than three consecutive months
•You qualify for an exemption for one of several other reasons, including having a hardship that prevents you from obtaining coverage, or belonging to a group explicitly exempt from the requirement

You will claim or report coverage exemptions on Form 8965, Health Coverage Exemptions, and attach it to Form 1040, Form 1040A, or Form 1040EZ. These forms can all be filed electronically.

If you are granted a coverage exemption from the Marketplace, they will send you a notice with your unique Exemption Certificate Number or ECN. You will enter your ECN in Part I, Marketplace-Granted Coverage Exemptions for Individuals, of Form 8965 in column C. If the Marketplace hasn’t processed your exemption application before you file your tax return, complete Part I of Form 8965 and enter “pending” in Column C for each person listed. If you claim the exemption on your return, you do not need an ECN from the Marketplace. With the tax filing season underway, most exemptions for 2014 are only available by claiming them on your tax return.

If your income is below your filing threshold and you are not required to file a tax return, you are eligible for an exemption and you do not have to file a tax return to claim it. If you choose to file a tax return, you will use Part II, Coverage Exemptions for Your Household Claimed on Your Return, of Form 8965 to claim a health coverage exemption.

Other IRS-granted coverage exemptions may be claimed on your tax return using Part III, Coverage Exemptions for Individuals Claimed on Your Return, of Form 8965.

For a coverage exemption that you qualify to claim on your tax return, all you need to do is file Form 8965 with your tax return – remember that you do not need to contact the IRS to obtain the exemption in advance.

Taxpayers and their tax professionals should consider filing returns electronically. Using tax preparation software is the best and simplest way to file a complete and accurate tax return as it guides individuals and tax preparers through the process and does all the math. There are a variety of electronic filing options, including free volunteer assistance, IRS Free File for taxpayers who qualify, commercial software, and professional assistance.

For more information about the Affordable Care Act and filing your 2014 income tax return, visit IRS.gov/aca.

The Affordable Care Act contains comprehensive health insurance reforms. This law includes tax provisions that affect individuals and families, as well as businesses, insurers, tax-exempt organizations, and government entities. For individuals, the law requires you and everyone on your return to rep…

02/09/2015

Come and file with ATC Income Tax and get it right the first time! Maximum Refund! Maximum Satisfaction!

02/09/2015

02/09/2015

FYI: In most cases you get your W-2 forms by the end of January. Form W-2, Wage and Tax Statement, shows your income and the taxes withheld from your pay for the year. You need your W-2 form to file an accurate tax return.

If you haven’t received your form by mid-February, here’s what you should do:

• Contact your employer. Ask your employer (or former employer) for a copy. Be sure that they have your correct address.

• After Feb. 23. If you can’t get a copy from your employer, call the IRS at 800-829-1040 after Feb. 23. The IRS will send a letter to your employer on your behalf. You’ll need the following when you call:

o Your name, address, Social Security number and phone number;

o Your employer’s name, address and phone number;

o The dates you worked for the employer; and

o An estimate of your wages and federal income tax withheld in 2014. You can use your final pay stub for these amounts.

• File on time. Your tax return is normally due on or before April 15, 2015. Use Form 4852, Substitute for Form W-2, Wage and Tax Statement, if you don’t get your W-2 in time to file. Estimate your wages and taxes withheld as best as you can. The IRS may need more time to process your return while it verifies your information. If you can’t finish your tax return by the due date, you can ask for more time to file. Get an extra six months by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. You can also e-file a request for more time

02/03/2015

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There is still time to enter for a chance to win $10,000! All you have to do is upload a video of you doing the ATC happy dance!!!! Come on, you can do it!

Enter ATC $10,000 Video Contest for a chance to win $10,000. Just make a fun video and upload it at atcincometax.com. I think one of us could win!

02/03/2015

TAX TIP TUESDAY: Falsely Claiming Zero Wages

Filing a phony information return, such as a Form 1099 or W-2, is an illegal way to lower the amount of taxes an individual owes. These scofflaws use self-prepared, “corrected” or otherwise bogus forms that improperly report taxable income as zero. The taxpayer may also submit a statement rebutting wages and taxes reported by a third-party payer to the IRS.

Taxpayers should resist any temptation to participate in any variations of this scheme. The IRS is well-aware of this scam, the courts have consistently rejected attempts to use this tax dodge and perpetrators have received significant penalties, imprisonment or both. Just filing this type of return may result in a $5,000 penalty.

Some people also attempt fraud using false Form 1099 refund claims. In some cases, individuals have made refund claims based on the bogus theory that the federal government maintains secret accounts for U.S. citizens and that taxpayers can gain access to the accounts by issuing 1099-OID forms to the IRS.

In this scam, the perpetrator files a fake information return to justify a false refund claim on a corresponding tax return. Again, the IRS is well-aware of this scam, the courts have consistently rejected attempts to use this tax dodge and perpetrators have received significant penalties, imprisonment or both.

Don’t fall prey to people who encourage you to claim deductions or credits to which you are not entitled. Do not allow others to use your information to file false returns. If you are a party to such schemes, you could be liable for financial penalties or even face criminal prosecution.