Canceling $10,000 and excluding the highest earners, as Biden's plan does, appears to align with what a substantial majority of Americans want. It won't satisfy everyone, though, and the political consequences are yet to be determined.
05/25/2022
π π
05/24/2022
π¨ Whereβs My Refund now allows you to check your refund status for prior years
02/17/2022
The PATH Act message has been lifted for most people and some are getting a deposit date of 02/22/2022
If your status says "we have received tax return and it's still being processed"
Don't panic, the IRS announced an estimate that most people claiming the EITC or ACTC will get their refunds by March 1st
The most accurate way to check the status of your refund is not by using the Where's my refund tool
Instead, you are going to want to view your 2021 Record of Account Transcript and look for code 846
How do I view my transcript?
1. Go to IRS.gov/transcript
2. Click get transcript online
β’If it says please wait high demand just literally wait, the login screen will come up next
3. Login to your account or create one if you don't have one
4. For reason select other and leave CAF number blank
5. Click 2021 under record of account transcripts
β’ If yours says N/A this means your return has not been fully processed
6. Next, look for code 846 that ends in the year 2022
β’This is your refund and deposit date
Tax Ink make taxes very easy to understand. Give us a follow to stay educated and updated.
Legitimate small business owners come see Tax Ink! Text βQuoteβ 214-620-0057 to get your free quote within 24 business hours! 12 years in the business πππ
01/31/2022
Happy clients!!!! They love it here β€οΈβ€οΈβ€οΈπππ text βQUOTEβ to 214-620-0057 for your free quote
01/31/2022
Made more in 2019 and not enough in 2021??? No worries we got you!!! We can use the look back credit for you!!! Just did it for this client! Sheβs happy!! Text βQuoteβ to 214-620-0057 to get your free quote!! We donβt file until you consent!!
01/31/2022
Over 40 clients were approved for Advances! Most of them only request 1000.00 or less so they are paying NO INTEREST FEES! Text βquoteβ to 214-620-0057 to get yours!!
01/31/2022
Client with no dependent owed 4800
After my tax services: refund is almost 6k
Mind you she was doing her own taxes for years! Imagine how much money she left on the table for years!
Text βquoteβ to 214-620-0057
This is not the year to file your own!!
01/31/2022
Coupled made 108k, return only 2200, I got them to over 10k. Text βquoteβ to 214-620-0057 πππππ for your free quote!!! Gotta know the difference from credits and deductions to do this. Deductions lower your agi, which is what lenders look at when itβs time to borrow money!! Some people think they made too much for a refund! Hell no! You gotta know what credits are available to you!
01/31/2022
My client been going on turbo on her own for years!! After talking to me and getting her free quote, she said yeesssssss please submit me!!! Text βquoteβ to 214-620-0057 to get your free quote!!! My tax firm has processed over 1000 clients this week already! My team and I are working around the clock for yβall!! No days off during tax season!!!
01/25/2022
ATTN!!
Slow your roll guys and stop being in such a rush to get your taxes done!!!
If you had marketplace health insurance(ObamaCare) at ANY point in 2021 you will not be able to file your taxes without form 1095A. Your return will automatically reject!! Those forms will more than likely be available for most mid Feb.
Here are some other things to keep in mind before you file to avoid delays:
1 - Correct amount of 3rd stimulus, use IRS letter get both letters if married or pull IRS transcript 2021 Account Transcript
2 - Correct amount of advanced child tax credit payments, use IRS letter get both letters if married or pull IRS transcript 2021 Account Transcript
3 - Brokerage statements for stock and/or Crypto
4 - 1095A Health form (return will reject if not on it)
5 - You must disclose you got PPP forgiveness on your tax return!! I hope yall was being honest cuz this is going to hurt quite a few ppl
01/25/2022
π£π£π£π£ PPP loan forgiveness
In case you missed it!
Though for Federal purposes the income is not taxable the IRS is REQUIRING that you disclose it on your tax return regardless if the loan was forgiven or not.
I really hope yall wasn't out here creating PPP loan fraud. If you got PPP for $20K that would mean you had gross receipts of $100K!! I hope your 2020 or 2021 tax return will prove that out cuz the IRS and SBA are about to be besties and they will gather their data to compare and if it don't add up they gonna come for you!!
01/25/2022
π¨The forgiveness of a PPP Loan creates tax-exempt income, so although you donβt need to report the income from the forgiveness of your PPP Loan. You do need to report certain information related to your PPP Loan.
π€―IF YOU RECEIVED A PPP LOAN MAKE SURE YOUR PREPARER ATTACHES A STATEMENT WITH YOUR RETURN!!!!
πExample - Any statement should include the following information for each PPP Loan:
1. Your name, address, and ITIN or SSN;οΏ½2. A statement that you are applying or applied section 3.01(1), (2), or (3) of Rev. Proc. 2021-48, and for what taxable year (2020 or 2021) as applicable;οΏ½3. The amount of tax-exempt income from forgiveness of the PPP Loan that you are treating as received or accrued and for what taxable year (2020 or 2021); andοΏ½4. Whether forgiveness of the PPP Loan has been granted as of the date you file your return.
Write βRP2021-48β at the top of your attached statement.
π¨π¨π¨π¨π¨π¨π¨π¨π¨π¨π¨
New Child Tax Credit website
Also on Monday, the federal government launched a revamped website to help people who were eligible for the expanded child tax credit claim the second half of the payment they were due. The site, ChildTaxCredit.gov features a new tool that directs taxpayers to filing options, eligibility information and instructions on how to get the credit, according to the Treasury Department. Both virtual and in-person support will be provided in multiple languages.
The Child Tax Credit in the American Rescue Plan provides the largest Child Tax Credit ever and historic relief to the most working families ever β and as
01/24/2022
WAIT ON THEM W2S
WAIT ON FORM 6419
WAIT ON FORM 1099 -G
WAIT ON FORM 1095 -A
πWAIT ON WHATEVER YOU NEED TO FILE AN ACCURATE RETURN!
01/24/2022
It's βand that means long hours at the office, cranking out your .
It's stressful, but you can make it a little easier by knowing how to file for your . Every business structure is different. You need to know what you'll be filing depending on what type of business structure you are in.
To avoid being blindsided by the IRS, be sure to know exactly what tax return to file.
Contact us if you need help!
_________________________
01/24/2022
CALL US NOW!
Stop procrastinating and start filing your taxes today!
If you're self-employed, we can help you file your taxes and make sure you get all the deductions you deserve.
We are ready to help you. Click the link to start the filling process.
___________________________
01/24/2022
π¨π¨π¨Today is the opening day of the 2022 Tax Season.
Although the IRS has been conducting its usual hub testing please keep in mind a few important things.
1. Do not rush to file or submit your documents until you have ALL of your proper paperwork.
π€¦πΎββοΈThis will cause delays and your tax pro may push your file to the back of the pile.
2. Just because your homegirl says, I done filed my taxes alreadyβ,donβt mean a hill of beans.
3. Tax returns containing EIC will not be released until after February 14th.
This doesnβt mean you will receive it soon after.
πππIf your return contains any of the special credits such as, additional child tax credit, child and dependent care credit and stimulus payments, there is a high possibility your return may go into manual review.
The IRS still has over 5 million tax returns from 2020 to process.ππ
01/24/2022
Despite the misdeeds of your little tyke, don't forget that a few bucks are always welcome tax-wise. π π
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01/24/2022
π₯ Yay!!! Today is the opening of tax season and it is going to be bananas.
Here is the ONE thing that the IRS said you should know:
ππΎ there may be a delay in processing your tax return if your income, stimilus amount, and/or child tax payment amount is incorrect
ππΎ Since today is the opening of tax season, you will be able to check your refund status on the IRS website once an acknowledgement has been received. You will need your filing status, social security number and the full amount of your refunds before fees.
ππΎ If you qualified for a loan and have been denied, once an ackowledgement has been received, you will be reconsidered for the refund advance loan up.
ππΎCome file with us between now and February 14th to be entered in our giveaways!! We have some major things in store for you!!!
To help to accurately report your stimulus payments and child tax credit payments please create an account with the IRS to view your 2021 tax transcript.
Add up all money you recieved that was for your business. Request a income docuemnt sign & date. Input total income on the document.
All purchased items, licenses, payroll, supplies etc... Reciepts. (Maybe in ema if purchased online)... Please print, download, or forward to preparer in order to create an expense report for your tax dedication purposes.
double check all venues for income (Paypal Venmo Zelle other invoicing apps)
01/24/2022
Didnβt receive one of the stimulus payments in 2020 or 2021? Review the IRS information here to see if you may be eligible to claim the Recovery Rebate Credit. www.irs.gov/rrc
01/22/2022
π¨ 1 year warning 2022 is the last year you can purchase a vehicle and write it off 100% on your taxes for your business or 1099
This comes after a settlement Navient reached for using abusive student loan servicing practices that forced millions of students with billions of debt that they were highly unlikely to repay
Notices will go out by July 2022 to notify if you qualify
You are going to want to make sure your address is current to be notified if you're eligible
We are looking for experience and non experience tax preparers.As we all know Tax Season is less than 1 months away! Start making 25k plus in 3 to 4 months sign up with Tax Ink for this up coming Tax Season. Our experts are ready to teach you everything you need to know about business, tax prep & new IRS rules and regulations.
**Online training course
**Web Based Software & Bank Product (advance loans)
**Promoting & Marketing Materials
**PTIN Assistance
**Ability to be your OWN BOSS!
πHouston area working virtually .
Your New Financial FREEDOM Starts Here!!π«
01/17/2022
π¨TAX TIPπ¨
Did you know there are 53 common deductions and credits that you should be reviewing to see if you qualify for in 2022?
This is one reason it is so important for your TAX PRO to do a thorough interview to see which ones you may qualify for.
01/16/2022
Do you need to be prepared in case of a disaster ? Some of us found ourselves unable to leave the house due to weather and even covid . Our team at Tax Ink makes the process as easy as possible for our clients. As part of our tax preparation services, all of our clients receive a free mobile app that offers digitized copies of their important documents that can be accessed 24/7. Learn more by downloading our mobile app and getting ready for tax season.
If you received unemployment be sure to opt in to electronically receive your 1099G instead of by mail. This form is MANDATORY and if you leave it off you can have your refund delayed by months. Itβs definitely not worth it!!
01/16/2022
1095A forms are available for download. These forms are mandatory for filing your 2021 tax return.
01/16/2022
How much EITC will I get 2021?
$1,502 to $6,728
The earned income tax credit, also known as the EITC or EIC, is a refundable tax credit for low- and moderate-income workers. For the 2021 tax year, the earned income credit ranges from $1,502 to $6,728 depending on tax-filing status, income and number of children. People without kids can qualify.
Can you claim both child tax credit and child care credit?
Yes, you may claim the child tax credit (CTC)/additional child tax credit (ACTC)/refundable child tax credit (RCTC)/nonrefundable child tax credit (NCTC) or credit for other dependents (ODC) as well as the child and dependent care credit on your return, if you qualify for those credits.
01/16/2022
As a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly. Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves.
01/16/2022
How much childcare can I write off?
Under the regular rules, the maximum credit is 35% of childcare expenses up to $3,000 for one child, or $6,000 for two or more. However, for 2021 only, the maximum credit is 50% of childcare expenses up to $8,000 for one child and $16,000 for two or more. The exact percentage is determined by your income level.
01/15/2022
Interested in Protection Plus this year? Protection Plus provides tax professionals and their clients with access to experienced professionals who can help with even the most complicate IRS audit inquiries.
01/15/2022
Timeline photos
The fastest way for you to get your tax refund is by filing electronically and choosing direct deposit.
Direct deposit gives you access to your refund faster than a paper check. Direct deposit also avoids the possibility that a refund check could be lost or stolen or returned to the IRS as undeliverable. www.irs.gov/directdeposit
01/15/2022
Timeline photos
In January, families will get an IRS letter noting the total amount of their Child Tax Credit payments to help them for tax season. Itβs Letter 6419 - please keep it or visit the CTC Update portal on IRS.gov to see your payment amounts online β itβll come in handy when you file your tax return. See www.irs.gov/getready
01/15/2022
Due date reminder! If you have self-employed clients paying quarterly taxes, those fourth quarter payments (for tax year 2021) are due on January 18th.
Every year, the IRS accepts several batches of tax returns to test in a Controlled Launch before they officially open. Learn how hub testing could affect you and your clients: https://bit.ly/2YRNBqe
The IRS accepts several batches of tax returns to test before they officially open. Learn more about how it could affect your clients in this article.
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Congratulations to Lee Young on Achieving her Dream as a Business Owner in Real Estate & Property Investments!!π π°π
Iβm so excited for her success and showing others that there is unlimited earning potential for everyone!! Thanks for giving me the opportunity to assist you in Incorporating & establishing your business venture!!!
Go Lee Lee Go!!! π€
Tax Ink has a single mission, to be the most successful, creative and ground-breaking business formation, accounting firm in Dallas Texas. We approach each of our clients with fresh eyes to develop customized, unique strategies.
Weβre dedicated to our clients, and we've represented them in audits with the IRS. This keeps us current on tax law so weβre always ready for the toughest situations.
Your business is our business! We developed strategies for both business and individual clients. We work hard and long hours when they need usβeven after tax season. So let us tackle your most pressing financial issues.
We can replace your back office with accounting, payroll, and bookkeeping support. When it comes to complex issues, rely on us.
Tax Ink Incorporated exists to solve the critical issues facing our clients, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful. We provide a broad range of services and solutions to help organizations, and individuals facilitate change, achieve their vision and optimize their goals.
Though weβve grown since our founding, weβre still the same accounting firm at heart. Let us help make your dreams a reality. Are you ready to set your business on the path to success? Give us a call today and see what we can do for you!
Get your Taxes done fast and right by filing online. In a safe environment from COVID 19, by not even leaving from the comfort of your home. While still getting a great consultation from a Tax Professional online.
Contact Me: https://m.facebook.com/aleadertxpr/?ref=bookmarks
Get a Free Estimate, as we file
1.Wage statements
2.Retirement Income
3.Social Security Income
4.Unemployment Income
5.Business Income
6.Rental Income And so much more
Chelsie Holland was absolutely amazing. I had 2 visits with her and found it incredible the amount of knowledge she was able to share with me. I truly believe Chelsie was on my team to submit a sound and legal 2019 Tax Return. I will refer as many people as possible to her. I will definitely use Chelsie and Tax Ink in the future.
In an effort to guard our clients personal information this year 2019 we have moved over to run our businesses as paperless as possible. We will no longer keep any paper files in any of our offices ensuring the security of your data.
For more details on how we safe guard you information call us at 214-620-0057.
YOU CAN START YOUR OWN BUSINESS FOR $149.99 THAT COULD MAKE YOU 15K IN THREE MONTHS!!
www.taxpertsoftware.com or you can message your full name,number,email and a good day & time to contact you
Our packages include everything you will need to start your own Tax Preparation Business. We will supply your Tax Software, Marketing Materials, Training, Bank Products, and 24/7 Technical Support.
**You will be able to offer your clients an Advance Loan of up to $6,000 once return is accepted!!
Need an EFIN TODAY,we can help you!!
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