Advanced Accounting Group Warns Pending 2019 Tax Returns That Might Go Unclaimed
May 04, 2023 at 15:18
Advanced Accounting Group, a Las Vegas-based tax services consultancy, is encouraging Americans to claim the tax returns that they may be owed from the IRS.
In a press release published on April 12, 2023, the IRS shared that almost 1.5 million people from across the nation were due a tax return that could potentially go unclaimed. The tax returns being referred to in the announcement are for the 2019 fiscal year as, when they were due in 2020, almost everyone was preoccupied with the lifestyle change and financial hardship brought on by the pandemic. Given the unprecedented nature of those trying times, the IRS extended the window for 2019 tax returns to July 17, 2023.
However, as the deadline is fast approaching and there are still 1.5 million taxpayers who are still missing out, the IRS felt a need to highlight the scope of the problem. In the press release, IRS Commissioner Dany Werfel talks about why the unclaimed 2019 tax returns may be a boon for many Americans by saying, “We frequently see students, part-time workers, and others with little income overlook filing a tax return and never realize they may be owed a refund. We encourage people to review their records and start gathering records now, so they don't run the risk of missing the July deadline.”
According to the numbers shared by the IRS, over $1.5 billion in 2019 tax returns are still unclaimed. The median refund is $893, which means that more than half of the 1.5 million Americans eligible for the return are going to receive a sum greater than that. Moreover, low- to moderate-income workers may also be eligible for the EITC (Earned Income Tax Credit), a program instituted to help individuals and families with incomes below a certain threshold for a fiscal year.
Andrea R, the spokesperson for Advanced Accounting Group, talks about the importance of paying attention to the IRS’s press release by saying, “It is very easy to miss important announcements like this if you don’t have trustworthy advisors helping you with your finances. In fact, this information is more relevant to those who might not be on top of their finances as business owners and high net-worth individuals with the requisite financial literacy have already claimed their share of the tax refunds. Receiving a tax refund now, especially if you are struggling due to inflation in the current economy, can be a lifesaver for many. We urge you to look into your financial filings for the last couple of years and verify whether you have claimed your 2019 tax returns. If you need any help with this or any other tax-related query, I and the rest of the tax experts here at Advanced Accounting Group can guide you on exactly what you need to know and do, with extremely competitive pricing. Find out more about us at https://advancedaccountinggroup.com/about/.”
Advanced Accounting Group is a network of enrolled agents, certified public accountants (CPAs), accredited tax advisors, and tax attorneys who help taxpayers become debt-free by resolving their situation with the IRS. Based in Las Vegas, the company has representatives all over the United States to help its clients organize a rock-solid case with the IRS. To date, the company has consulted on over $24 billion in tax debt for its clients. It has an A+ rating from the Better Business Bureau and offers clients a no-obligation consultation to get started.
The company’s various tax resolution services include back taxes, unfiled tax returns, tax offset, unpaid payroll taxes, IRS penalties, wage garnishment, tax liens, tax audits, sales tax problems, bank levies, and more. Advanced Accounting Group also helps its clients dealing with tax debt verify if they are eligible for any of the several tax relief programs offered through the IRS Fresh Start Initiative including IRS installment agreement, penalty abatement, innocent spouse relief, and more.
Readers are urged to note Advanced Accounting Group contact information and get in touch with the company to get all their questions answered.
For more information about Advanced Accounting Group, contact the company here:
Advanced Accounting Group
6585 High St Suite 210 Las Vegas, NV 89113