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
Featured Services
Details for Tax Planning and Consultation
Tax Planning is an evaluation of your business and/or personal income, evaluating your deductions and savings potential with the proper application of IRS Tax Code. Your tax plan is the annual road map to ensure you are maximizing your tax savings potential with your business and individual deductions. We are here to help you tax plan.
Details for Tax Preparation
With a wave of new tax changes affecting your business and personal taxes. You need a firm that stays current with the latest tax code changes. Whether you are an individual, business or non-profit entity, income taxation can be a complex road to navigate alone. We are here to help with your tax preparation needs.
Details for Full Charge Accounting (QuickBooks)
We are here to help you implement an accounting process that keeps your financials current, allowing for better management decisions all year long. Business owners using timely financial statements know where their business stands. Estimated profits/ losses and how to maximize tax deductions before tax time arrives.
About A Tax Shelter
Family Owned And Operated
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.
ATS Services
Tax Planning
Evaluate, Strategize and Implement
Accounting
QuickBooks, Training and Financials
Payroll Service
Efficient, Accurate and Affordable
QuickBooks Training
Business Owners and Staff Members
Tax Preparation
Accuracy, Timeliness and Compliance
Representation Service
Advocate & Negotiate
Blog
2018 Tax Updates – What you need to plan for in 2018
4/19/2018 Dear Clients: The following summarizes important tax developments that have occurred in the first three months of 2018 that may affect you, your family, your investments, and your livelihood. Appropriations Act tax changes. On March 23, President Trump...
Upcoming Important Deadlines
Just a reminder.... Upcoming Important Deadlines- January 16th: - 4th Quarter 2017 Estimated Tax Payment Deadline - If you did not pay 2017 income tax through withholding you must pay your final installment of 2017 estimated tax with Form 1040-ES: Estimated Tax for...
What the new Tax Reform Bill means for your tax return
There have been a lot of posts online and news articles about how the new tax reform bill will impact your personal taxes. The new rules go into effect on January 1, 2018 and will impact your 2018 tax return filing in the spring of 2019. There are still seven tax...
Facebook Feeds
So thankful for this extension for applicants who have yet to file. Now let's see how quick those lenders get their apps😃 back online and start processing
thehill.com/homenews/505360-senate-extends-application-deadline-for-ppp-small-business-loans
Senate passes extension of application deadline for PPP small-business loans
thehill.com
The Senate on Tuesday cleared legislation to extend the deadline for businesses to apply for coronavirus aid under the Paycheck Protection Program (PPP), which will expire at the end of Tuesday.Issue Number: IR-2020-134
Inside This Issue
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Taxpayers should file by July 15 tax deadline; automatic extension to Oct. 15 available
IRS has easy ways to help taxpayers who need more time or payment options
IR-2020-134, June 29, 2020
WASHINGTON ― The Department of the Treasury and IRS today announced the tax filing and payment deadline of July 15 will not be postponed. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.
Due to COVID-19, the original filing deadline and tax payment due date for 2019 was postponed from April 15 to July 15.
The IRS reminds taxpayers filing Form 1040 series returns that they must file Form 4868 by July 15 to obtain the automatic extension to Oct. 15. The extension provides additional time to file the tax return – it is not an extension to pay any taxes due.
The IRS urges people who owe taxes, even if they have a filing extension, to carefully review their situation and pay what they can by July 15 to avoid penalties and interest. For people facing hardships, including those affected by COVID-19, who cannot pay in full, the IRS has several options available to help. To avoid interest and penalties, the IRS encourages them to pay what they can and consider a variety of payment options available for the remaining balance.
“The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” said IRS Commissioner Chuck Rettig. “These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.”
Automatic Extension of Time to File
Taxpayers who need more time to prepare and file their federal tax return can apply for an extension of time to file until Oct. 15.
To get an extension, taxpayers must estimate their tax liability on the extension form and pay any amount due.
Individual taxpayers have several easy ways to file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, by the July 15 deadline. Tax software providers have an electronic version available. In addition, all taxpayers, regardless of income, can use IRS Free File to electronically request an automatic tax-filing extension.
Save a step: Get an extension when you make a payment
Taxpayers can also get an extension by paying all or part of their tax due and indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or a credit or debit card. When getting an extension by making a payment, taxpayers do not have to file a separate extension form and will receive a confirmation number for their records.
Frequently Asked Questions
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.
