The 2025 Tax Season is Here!

The 2025 tax season has begun, and the Internal Revenue Service (IRS) is ready to process returns. At Toro Taxes, we make sure you're prepared to take advantage of all available opportunities and avoid the risks of tax fraud. Here's what you need to know to have a smooth tax season.

How Long Will It Take to Receive Your Refund?
The IRS issues most refunds in less than 21 days, but it's important to note that some factors can delay this process. If you file electronically and choose direct deposit, you'll receive your refund faster.
However, if you file a return with the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), the IRS cannot issue those refunds before mid-February. Most EITC/ACTC-related refunds will be available in taxpayer bank accounts or debit cards by March 3, provided there are no issues with the return.

How Can You Check Your Refund Status?
Use the "Where’s My Refund?" tool on IRS.gov or the IRS2Go app to get the most up-to-date information.

Avoid Delays: Don’t File Before Receiving All Your Documents
It’s crucial to report all taxable income. Don’t file your return until you've received all the necessary documents, such as Forms 1099, which include income from banks, employers, unemployment compensation, pensions, and other payments. If you receive a Form 1099-K for online sales, make sure to report those earnings correctly.

Choose a Trusted Tax Professional
More than half of taxpayers turn to a professional tax preparer. While most preparers offer exceptional service, it's crucial to choose a trusted professional. The IRS warns about "ghost preparers," those who don't sign returns or include a valid Preparer Tax Identification Number (PTIN).
At Toro Taxes, our experts are trained and certified to help you maximize your refund and protect your personal information. Additionally, we are IRS-authorized to file returns electronically securely.

Beware of Tax Scams!
During tax season, scammers become more active. They may try to trick you into revealing personal or financial information or pressure you into paying fake taxes.

Tips to Avoid Frauds:
• If it sounds too good to be true, it probably is. Don't fall for dubious tax advice on social media encouraging you to lie on your forms.
• Beware of threats. Scammers may impersonate the IRS and threaten arrest or deportation if you don’t pay "immediately." The IRS never makes such threats.
• Check website links. Fake links can take you to malicious sites instead of IRS.gov.

Protect Your Identity
Tax-related identity theft is a growing risk. If someone uses your personal information, such as your Social Security number, to file a fraudulent return and claim a refund, you could be a victim of identity theft.
If you suspect you’re a victim of identity theft, continue filing your return, even if you have to file a paper return. You can also request an Identity Protection PIN to safeguard future returns.

New IRS Tools to Help You
This year, the IRS has improved several tools to help you manage your account and avoid frauds:

1. IRS Online Account: You can access your online account to view details of your return, request an Identity Protection PIN, review payments, and more.
2. Virtual Assistants: The IRS has launched new chatbots and voice assistants that can help with refund questions and other tax-related matters, available in English and Spanish.
3. Mobile-Adaptive Forms: You can now access 67 forms on your mobile phone and save them to complete later, making the filing process easier.

Why Choose Toro Taxes?
• Security and Trust: We are committed to protecting your personal information and helping you avoid tax frauds.
• Refund Maximization: Our expert preparers are up-to-date on all available deductions and credits to maximize your refund.
• Personalized Support: Whether you have a simple or complex return, Toro Taxes offers a service tailored to your needs.

Act Now and Secure Your Refund!
Don’t wait to file your tax return. At Toro Taxes, we help you do it securely and efficiently. Maximize your refund and protect your personal information!
???? Contact us at 800-867-6829 or schedule your appointment online at www.torotaxes.com
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