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Monthly Archives: December 2016

My Financial Past, Present & Future


With the holiday season upcoming, we thought it would be a great idea to compare your finances to the classic Christmas tale, “A Christmas Carol”. The main plot for this story is the life of one, Ebenezer Scrooge. The ‘Ghost of Christmas Past’ takes Scrooge back in time to remind him of how his life used to be and the way he used to act. The ‘Ghost of Christmas Present’ gives Scrooge a synopsis of his current daily life. Finally, the “Ghost of Christmas Future’ takes Scrooge into the future and shows him how his life will look in the future if he keeps living the same way he is in the present. So, let’s see how this compares to your financial situation…

My Financial Past, Present & Future

  • Your Financial Past:

    • Hammernik & Associates helps taxpayers recover from mistakes that they may have made in their past. If information was accidentally not reported on a prior tax return, or if a tax return was not filed correctly, we are able to file an amended tax return for up to 3 years.
    • What if you receive a letter from the IRS saying that they want to make changes to a prior tax return, or they want to audit your tax return? As Enrolled Agents, we are able to address these situations for you. We are able to correspond with the IRS on your behalf so that you don’t need to personally speak to them at all!
    • The IRS is on your back for past taxes that you owe them. They have the power to place liens on your accounts and start taking the money that you owe them. Hammernik & Associates is able to represent you and get you back on the right track. We will work with the IRS agent to remove any liens, get a payment plan in place, and get you on the road back to financial freedom.
  • Your Financial Present:

    • The tax code is always changing, and may be in store for another overhaul in the new presidency. Hammernik & Associates is always studying and taking classes to keep up with all tax law changes. Have the peace of mind that you are receiving all the credits and deductions that you deserve and are reducing your tax liability.
    • Stay compliant. We will help make sure the tax return that you are submitting is compliant with IRS standards to avoid future problems.
    • Set a game plan now for the next year. Maybe you did not take advantage of tax planning this year and it cost you some money, don’t make the same mistake again for the next year. Get a game plan set up now that will help you in the future.
  • Your Financial Future:

    • You cannot change the present (your tax return when it is filed) if you don’t plan for the future. Be proactive with your tax planning. There may be strategies available that can save you money at the end of the year by taking actions throughout the year.
    • If you expect changes in your life that may effect your financial situation, plan for them now!
    • Definition of Insanity: Doing the same thing over and over and expecting different results. What are you going to change? It’s your future, make it great.


My Financial Past, Present & Future is the basis around our Year End Newsletter which is set to hit our client’s mailboxes next week. If you would like to view an electronic version of the newsletter, it can be viewed on the homepage of hammernikassoc.com. Also available there, you will find our tax organizer if you want to get a head start on gathering up all of your tax documents.

Merry Christmas & Happy Holidays!

…Tax Season Is Coming.


Tax Filing Season Dates You Need To Know


2017 Filing Season Begins January 23rd

The IRS has announced that it will begin accepting electronically filed tax returns on January 23rd, 2017. What does this mean for taxpayers? You can have your tax return prepared earlier than the 23rd if you have all of your documents, however, the tax return cannot be submitted until 1/23/17.

Note: There is no advantage to trying to file a tax return earlier than this by mail, it will not get filed any earlier than the 23rd.

Tax Filing Deadline is April 18th

Typically when you think of the last day to file a tax return, you think April 15th. However, the Tax Gods blessed us with 3 extra days this year! Yay…

This year, April 15th falls on a Saturday. This results in having to move the day to the next business day, which is Monday. However, Monday the 17th is a legal holiday in Washington D.C., Emancipation Day. Therefore, Tuesday the 18th is the last day to file a tax return without an extension to avoid late filing.

Reminder: Refunds To Be Delayed

As I blogged about a couple of months ago, the IRS is delaying certain refunds until February 15th. If you file for certain credits on your tax return, your refund will be delayed to allow extra time to verify the credits that are claimed. The IRS is warning that these refunds may be delayed until February 27th based on workflow. Plan accordingly.

It is always important to plan ahead for your tax return filing. Identity theft is not dead, and a good way to combat it is to file as early as you can. Once you are confident you have all the necessary documents needed to file a tax return, schedule your appointment to come in!