The new year has begun, meaning our earnings have started over. Any income you made in 2019 is over and will need to be reported in 2020. Whether you worked for one company in 2019 or several, each employer you worked for will be responsible for telling you how much you earned from them. Federal law requires all employers to send every employee that worked for them their W-2 statement. It does not matter how brief the period of employment may have been, or how low the earnings for the year were. These W-2 statements can be shared with employees in traditional paper-form or digital form, as long as they are received by January 31st of the following year. Employers will also be required to file a copy of employee W-2s with the IRS. If you lose your copy you can reach out to the IRS and have your information sent directly to you.
Are You Behind on Taxes?
If you have several years of back taxes due and are unsure where to start, contact King’s Financial Services, Our team of financial professionals help individuals and businesses get caught up on their taxes so they can operate legally without the fear of consequence hanging over their head. If you are worried about filing back taxes accurately after years have passed, contact our team. We will help you track down the paperwork you need from previous employers as well as the IRS in order to get you caught up as soon as possible. Taxes may feel overwhelming but putting off filing is never a good idea. The longer you wait the more expensive and difficult it will become for you. Make the call today to King’s Financial Services, to put your taxes behind you and keep stronger records in the new year!
Catching Up On Taxes in 2020
Are you behind on your professional or personal taxes? We understand that this can be an overwhelming situation that may leave you unsure of where to start. By working with the team at King’s Financial Services, we can help get you on track and help you maximize your tax return this year. Not only is our team of financial advisers prepared to help you with your taxes, but also with other financial planning and organization services. Do not get overwhelmed or risk the chance of a misfile, instead, contact King’s Financial Services today. We help eliminate the risks of filing incorrectly or paying too much for your individual or business taxes. Contact us today to find out more about how we can help you get on top of your finances and file your taxes without error as soon as possible!
Tax Professionals in Texas
Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.