OC Tax Service can help get your ducks in a row!

Ocean City Tax Service can help you get your ducks in a row this tax season. Call us today. 410-973-2750

More than 25 Years Experience Serving Ocean City Area Businesses and Residents!

Exceptional services at reasonable rates!

Loans offered in amounts of $500, $800, $1,200.

Contact one of our Tax Professionals today for details 410-973-2750

Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards. IRS delays may affect the delivery timing of loan proceeds.

The Refund Advance is an optional tax-refund related loan provided by Bank (it is not the actual tax refund) at participating locations. The amount of the advance will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. Tax returns may be filed electronically without applying for this loan. Loans offered in amounts of $500, $800, or $1,200. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards. IRS delays may affect the delivery timing of loan proceeds.

A Refund Deposit Account is not a loan – it is an account established by EPS at the Bank in order to facilitate the funding of the two different disbursement methods.

• The EPS fee charged to the taxpayer ranges from $0-35, depending on which disbursement method is selected
• Tax preparation fees are deducted from the refund when it is deposited to the Refund Deposit Account
• The taxpayer can have a State tax refund(s) disbursed the same way as an IRS tax refund through an EPS Bank Product
• Advise the taxpayer that there are no guarantees that the Department of the Treasury deposits refunds within a specified time or in their entirety. For example, it may delay a refund due to processing problems or, it may offset some or all of the refund. The Department of the Treasury is not liable for any loss suffered by taxpayers, Providers, or financial institutions resulting from reduced refunds or not honored Direct Deposits, causing it to issue refunds by check.
• Advise taxpayers of all fees and other known deductions to be paid from their refund and the remaining amount the taxpayers will actually receive
• Tax preparation fees will be deducted from the first tax refund (IRS or State) deposited into the Refund Deposit Account, whether from the IRS or the state
• It is important that the customer understand that, if for any reason the refund is not received, the customer remains responsible for paying the tax preparation fees by another method
• A Refund Deposit Account is not to be used for collection of unpaid tax preparation fees for a prior year(s)

Get Your Taxes Done Here and Pay Nothing Today

Tax Season Opens As Planned Following Extenders Legislation

IR-2014-119, Dec. 29, 2014

WASHINGTON — Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January.

The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time.

The decision follows Congress renewing a number of “extender” provisions of the tax law that expired at the end of 2013. These provisions were renewed by Congress through the end of 2014. The final legislation was signed into law Dec 19, 2014.

“We have reviewed the late tax law changes and determined there was nothing preventing us from continuing our updating and testing of our systems,” said IRS Commissioner John Koskinen. “Our employees will continue an aggressive schedule of testing and preparation of our systems during the next month to complete the final stages needed for the 2015 tax season.”

The IRS reminds taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.

More information about IRS Free File and other information about the 2015 filing season will be available in January.