AMC Accounting Inc

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AMC Accounting Inc
AMC Accounting Inc is listed in the Accountants Certified Public category in Fort Wayne, Indiana. Displayed below is the only current social network for AMC Accounting Inc which at this time includes a Facebook page. The activity and popularity of AMC Accounting Inc on this social network gives it a ZapScore of 60.

Contact information for AMC Accounting Inc is:
3488 Stellhorn Rd
Fort Wayne, IN 46815
(260) 485-1351
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From the IRS Website: (I know you were wondering...) Olympic Medals and Prize Money Now Tax-Free for Most Olympians Starting in 2016, most Olympic and Paralympic winners qualify for a new tax benefit. To qualify, the taxpayer’s adjusted gross income (AGI) must be $1 million or less ($500,000 or less, if married filing separately. For these taxpayers, the value of Olympic and Paralympic medals and the amount of United States Olympic Committee (USOC) prize money is not taxable. These amounts are shown in Box 3 on Form 1099-MISC. See the Form 1040 instructions for Lines 21 and 36 for details on how to report.

From the IRS website: Refunds What You Need to Know Expecting a refund? Some refunds must be held until February 15. According to a new tax law change, the IRS cannot issue refunds before February 15 for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credit. This applies to the entire refund, even the portion not associated with these credits. The IRS will begin to release EITC/ACTC refunds starting February 15. However, the IRS cautions taxpayers that these refunds likely won’t arrive in bank accounts or on debit cards until the week of February 27. Read more about refund timing for early EITC/ACTC filers. What You Need to Do Be careful not to count on getting a refund by a certain date, especially when making major purchases or paying other financial obligations. You don’t need to wait until February 15 to file your tax return. While the IRS must hold the refund until February 15, it will begin taking the steps it normally does to process your tax return once the filing season starts. File a complete and accurate return and include all known refundable credits with your original return. Check Where’s My Refund on IRS.gov or the IRS mobile app, IRS2Go, after February 15 for your personalized refund status.

AMC Accounting Inc. updated their business hours.

How long should I keep records? (from irs.gov) The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. The period of limitations is the period of time in which you can amend your tax return to claim a credit or refund, or the IRS can assess additional tax. The information below reflects the periods of limitations that apply to income tax returns. Unless otherwise stated, the years refer to the period after the return was filed. Returns filed before the due date are treated as filed on the due date. Note: Keep copies of your filed tax returns. They help in preparing future tax returns and making computations if you file an amended return. Period of Limitations that apply to income tax returns 1. Keep records for 3 years if situations (4), (5), and (6) below do not apply to you. 2. Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. 3. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction. 4. Keep records for 6 years if you do not report income that you should report, and it is more than 25% of the gross income shown on your return. 5. Keep records indefinitely if you do not file a return. 6. Keep records indefinitely if you file a fraudulent return. 7. Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later. The following questions should be applied to each record as you decide whether to keep a document or throw it away. Are the records connected to property? Generally, keep records relating to property until the period of limitations expires for the year in which you dispose of the property. You must keep these records to figure any depreciation, amortization, or depletion deduction and to figure the gain or loss when you sell or otherwise dispose of the property. If you received property in a nontaxable exchange, your basis in that property is the same as the basis of the property you gave up, increased by any money you paid. You must keep the records on the old property, as well as on the new property, until the period of limitations expires for the year in which you dispose of the new property. What should I do with my records for nontax purposes? When your records are no longer needed for tax purposes, do not discard them until you check to see if you have to keep them longer for other purposes. For example, your insurance company or creditors may require you to keep them longer than the IRS does.

Attention: Parents of college students: Free FAFSA Assistance for Northeast Indiana Residents (from the wbcl.org website) Dates, times and locations for the free FASFA support: January 5-8 p.m., Tuesday, Jan. 17 at Indiana Tech, Academic Building, Room 234, 1600 Washington St., Fort Wayne, IN 9 a.m.-6 p.m., Friday, Jan. 27 at 3 Rivers Federal Credit Union, 1605 Northland Blvd., Fort Wayne, IN (Spanish translator available) February 4-7 p.m. Thursday, Feb. 9 at the Eckhart Library, 603 S Jackson St, Auburn, IN 2-4 p.m., Sunday, Feb. 12 at Ivy Tech, 3800 N Anthony Blvd., Fort Wayne, IN 2-4 p.m., Sunday, Feb. 12 at Eastside High School, 603 E. Green St., Butler, IN 4-7 p.m., Thursday, Feb. 23 at the Warterloo Library, 300 S Wayne St., Waterloo, IN 9 a.m.-6 p.m., Friday, Feb. 24 at 3 Rivers Federal Credit Union, 1605 Northland Blvd., Fort Wayne, IN (Spanish translator available) 5-8 p.m., Monday, Feb. 27 at the Allen County Public Library, 900 Library Plaza, Fort Wayne, IN March 5-8 p.m., Wednesday, March 1 at the Renaissance Pointe YMCA, 2323 Bowser Ave, Fort Wayne, IN 4-7 p.m., Thursday, March 2 at the Garrett Library, 107 W Houston St, Garrett, IN 9 a.m.-6 p.m., Friday, March 3 at 3 Rivers Federal Credit Union, 1605 Northland Blvd., Fort Wayne, IN (Spanish translator available) 5-8 p.m., Wednesday, March 8 at the Allen County Public Library, 900 Library Plaza, Fort Wayne, IN 9 a.m.-6p.m., Friday, March 10 at 3 Rivers Federal Credit Union, 1605 Northland Blvd., Fort Wayne, IN (Spanish translator available) What to bring: Federal Student Aid username and password created before arrival Social Security Number Driver’s License Number Alien Registration number or permanent residence card if you are not a U.S. citizen Taxable income from 2016 W-2 forms or other records of money earned or received Untaxed income, including workers compensation; child support; housing; food and other living allowances; veterans benefits 2016 Federal Income Tax Returns (IRS tax form 1040, 1040A, or 1040EZ) 2016 bank statements Business and investment information; business and farm records; stocks, bonds; and other investment records In addition to this FAFSA assistance program, the Northeast Indiana Regional Partnership’s Big Goal Collaborative is partnering with NIPSCO for the second FAFSA Completion Competition for regional high schools. The competition runs through March 10. Three winning high schools will each be given a $1,500 scholarship to award to a graduating senior. Students and families can also get help completing the FAFSA by going online to www.fafsa.ed.gov or calling 1-800-433-3243.
Apply now! Federal Student Aid has more than $150 billion available to help you pay for school.