Tag Archives: Tax Due Date

Tax Forms Delivery and Corrections Update/Reminder, Watch the Cyber Tricks and a Brilliant New Cell Spam Calling Method that ALMOST Got Us – They Figured Out How to Put a Fake Name as the Number … Friday

With a lot of questions this week on Tax forms, we thought it time to review estimated delivery dates AND take note of the first round of corrected 1099’s of March 3:

Timing of Available Tax Documentation

  • Delivery of 1099s: Currently, we expect the first wave of 1099s to begin posting online on January 21, 2022 with Advisor and client notifications going out shortly after. Estimated dates for the waves are below:
 Target Delivery Date*Details
Wave 1Close of business January 21, 2022No holdings subject to reallocation (ex. RICs, REITs)
Wave 2Close of business February 4, 2022Low risk for reallocation; income reallocations finalized through January 29th
Wave 3Close of business February 11, 2022Clients with finalized income reallocations received from January 30th through February 3rd
Wave 4Close of business February 11, 2022Remaining clients
  • Correction Cycles - Begins March 3, 2022 and occurring every 2 weeks through April 14, 2022

Do Not Fall for the Call Microsoft Computer Fraud

They are back, so BE CAREFUL… Within one week we have noted TWO fake Microsoft computer hacks…

Here is how it goes:

Upon turning your computer on you are told to call Microsoft to help “Fix” your ailing computer….


This from Microsoft Support

Avoid and report Microsoft technical support scams

Microsoft will never proactively reach out to you to provide unsolicited PC or technical support. If you receive a phone call claiming to be from Microsoft, or see a pop-up window on your PC with a fake warning message and a phone number to call and get your “issue” fixed, it’s better to be safe and not click any links or provide any personal information.

Never call the number provided in the error message. Real Microsoft error messages never include a phone number to call.

Brilliant Fake Cell Call

Ok, so we warned/lectured enough up top… this one ALMOST got yours truly….

Looked very similar to a tennis player parent in my contacts….

Say goodbye to the unknown numbers… looks like they figured out how to impose a fake name-

Ahh…today is a Friday and just a week ago with the frozen tundra…. looks to be almost 80 degrees here…

Enjoy!! Talk next week!

John A. Kvale CFA, CFP

  • Founder of J.K. Financial, Inc.
  • A Dallas Texas based fee only
  • Financial Planning Total Wealth
  • Management firm.
  • jkfinancialinc
  • street-cents

It’s Finally Here … Regular Delayed Tax Day Filing this Wednesday – What is Due? Extension Form and Extended Dates

As mentioned Friday, we are almost to the regular filing tax day which has been pushed back due to our current situation…

This is your gentle reminder!

Tax Day and Items Duetax-1351881_1280

Two days from now, Wednesday July 15, 2020 most regular scheduled tax items are due –

  • Individual 1040
  • Form 1041
  • Most Trust Accounts
  • Q 1 2020 ES Estimated Taxes
  • Q 2 2020 ES Estimated Taxes
  • Non Extended SEP Filings – If you extend your return – October 15, 2020
  • IRA Contributions for 2019
  • Roth IRA Contributions for 2019
  • HSA for 2019

Note the last three items especially … this is your last chance … so be sure to double check…

If you punt and extend, remember to pay an estimated due amount or penalties may apply – and note only the SEP above will allow later contributions – NOT IRA !

Didn’t see you filing item or form?

Here is an excellent FAQ from the IRS!

No need to get too fancy … mail or pay today is fine – waiting until the VERY last minute can sometimes create problems.

Have a Great “Tax Reminder” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.


Tax Reminder Preview … Taxes Due Next Wednesday… Friday

They may have pushed tax due dates out… but the line in the sand still stands… and it is next Wednesday….

We are feeling the heat, which is excellent…so glad to help!Uncle Sam

On Monday a more direct reminder and details….

After two longer posts this week, we will leave your eyes less strained..haha

Ahhhh… today is a Friday, heading into a mid summer weekend…

Be Safe, Have a Good Friday, and a Super Weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

New Tax Filing/Payment Date … Scammer Alert – Be Careful

On Saturday, the normal Mid-April tax day was extended to July 15 and would also include regular ES Payment extensions as well.

Extension to Regular Filing DateIRS logo

This from the IRS Announcement:

“Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.

Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.

The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds are still being issued within 21 days.”

Updated Scam Alert

The bad guys are taking advantage of the current situation by sending emails related to the Virus… I have personally received over a half a dozen so far, some very clever.

We have also been warned by our security advisers to be on the watch….

We wanted to give you a heads up…

  • Take a quick moment to slow down and double check your emails and texts for the time being (hurried answers or clicks are just what they are looking for!)
  • Be EXTRA careful on any email you may receive
  • Do not open any unusual Zip or hot-linked texts
  • Double check the from email address on ANY unusual email – read carefully, they again are, clever

Have a Great “Tax Extended, Scammer Watch” Day!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

Important Tax Dates to Remember – Personal/Corp Extensions – Partnerships/Trusts

Just when you thought it was safe to forget all that tax stuff … here comes a few important dates to remember (abide by.)Tax Guy hit in head

Reminder – Important Tax Dates

September 15 –  DUE Dates

  • 1120 or other corporate automatic extension deadline filing date
  • 1040/personal Estimated Tax payment f0r individuals if necessary
  • Corporate Quarterly estimated filing

October 15 – DUE Dates

  • 1040/personal automatic extension due date
  • Partnership/1065, Trust and Estate/1041 due date

Just a friendly reminder !

Have a Great Day!

John A. Kvale CFA, CFP

8222 Douglas Ave # 590
Dallas, TX 75225