Bradenton Office

Our Bradenton office allows us to extend our services to those clients south of the Manatee River. Located just west of the Downtown and Wares Creek area.

Tarah Van Fossen MSA, EA
2424 Manatee Ave W, Ste 205
Bradenton, FL 34205

Office: 941-708-5300
Fax: 941-761-6757
Email: Tarah@ataxshelter.com

Ellenton Office

Our Ellenton office is here to provide services to the North River communities of Palmetto, Ellenton, Parrish and north Manatee County. Located conveniently one mile west of Interstate 75.

Tonya Van Fossen, EA
3704 US Hwy 301 N, Ste 3
Ellenton, FL 34222

Office: 941-722-0470
Fax: 941-722-2411
Email: Tonya@ataxshelter.com

Over 20 years experience and knowledge

Our mission is clear; to build a lifelong relationship with our clients. We are here to help them solve problems, we advocate for them and we provide the answers they need to make informed decisions regarding their taxes. We aim to provide a friendly, professional and competent service to the individuals and small business clients who depend on A Tax Shelter, Inc every year for their accounting, payroll and tax filing needs.

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Evaluate, Strategize and Implement

Accounting

QuickBooks, Training and Financials

Payroll Service

Efficient, Accurate and Affordable

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Business Owners and Staff Members

Tax Preparation

Accuracy, Timeliness and Compliance

Representation Service

Advocate & Negotiate

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14 hours ago

A Tax Shelter Inc

Issue Number: Tax Tip 2019-175
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Get ready for taxes:
Here’s what to know about getting a tax refund

Tax returns, like snowflakes and thumbprints are unique and individual. So too, is each taxpayer’s refund. This is something for taxpayers to remember next year when someone they know says or posts on social media about receiving a federal tax refund.

Even though the IRS issues most refunds in less than 21 days, it’s possible a taxpayer’s refund may take longer. Several factors can affect the timing of a taxpayer’s refund after the IRS receives their tax return. Here are a few things taxpayers should keep in mind if they are waiting on their refund but hear or see on social media that other taxpayers have already received theirs.

• The IRS and its partners in the tax industry continue to strengthen security reviews. This helps protect against identity theft and refund fraud. This means some tax returns need additional review, taking longer to process them.

• It can take longer for the IRS to process a tax return that has errors. Therefore, taxpayers should consider filing their return electronically. The e-file software walks the taxpayer through the steps of filling out the return and does all the math.

• E-file software can also help make sure a tax return is complete. This is important because it can also take longer to process an incomplete return. The IRS contacts a taxpayer by mail when more info is needed to process the return.

• By law, the IRS cannot issue refunds for people claiming the earned income tax credit or additional child tax credit before mid-February. The law requires the IRS to hold the entire refund. This includes the portion of the refund not associated with EITC or ACTC.

• It can take banks or other financial institutions time to post the refund to the taxpayer’s account. It can take even longer for a taxpayer to receive their refund check by mail.
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Am I having the correct amount of withholding from my paycheck/retirement distributions?

We offer tax planning services to review your current withholding. Knowing your current and expected tax bracket can take the guess work out of withholding. Check your tax withholding here at https://www.irs.gov/paycheck-checkup and schedule an appointment today with one of our experts to review your current tax and withholding needs.

What is Itemizing and how does this help me?

The IRS issues a Standard Deduction amount annually, this is a no questions asked reduction to your annual income. If you have allowable deductions in excess of the Standard Deduction, you have the option to itemize. Itemizing allows you to reduce your taxable income even more than the Standard Deduction. Review allowable itemized deductions here and see how you stack up. https://www.creditkarma.com/tax/i/standard-deduction-vs-itemizing/.

Who qualifies as a dependent?

Dependents can be your child and, in some cases, other individuals that live within your household or that you provide for. This IRS publication outlines the various steps to determine who is your dependent. https://www.irs.gov/pub/irs-pdf/p929.pdf.

What is the child tax credit, has it changed with the new tax reform?

With the implementation of the Tax Cuts and Jobs Act of 2018, the Child Tax Credit has been raised from $1,000 to $2,000 per child under the age of 17. This act has also allowed for a $500 tax credit for other qualified dependents on your tax return. Read more on the tax changes https://www.irs.gov/credits-deductions/child-tax-credit-and-credit-for-other-dependents-at-a-glance.

What is a tax credit and how does that help me when I file my taxes?

Tax credits help to reduce your tax liability on an annual basis. Some tax credits are refundable becoming part of your refund and others only reduce your tax liability. Here is a list of IRS tax credits https://www.irs.gov/credits-deductions-for-individuals Schedule your tax planning appointment with one of our experts to see if you qualify.