Baraka Tax and Bookkeeping LLC

03/09/2022

Texas has 11th highest tax rates in U.S., study says

DALLAS (KDAF) — With Tax Day approaching, a new WalletHub study says 44 million Americans are expecting to pay this year’s taxes late because of the COVID-19 pandemic.

In lieu of tax season, WalletHub has released its report on states (including Washington D.C.) with the highest and lowest tax rates, to help people better understand this confusing time of the year.

03/03/2022

Taxes 2022: Tax Breaks for Filers over 50.
When you turn 50, you may qualify for certain tax benefits. You can contribute more to your Roth or traditional individual retirement account (IRA), to your employer-sponsored plan, or to your health savings account (HSA) than you could when you were younger. You can even exclude more income from your tax computations.

03/03/2022

When you turn 50, you may qualify for certain tax benefits. You can contribute more to your Roth or traditional individual retirement account (IRA), to your employer-sponsored plan, or to your health savings account (HSA) than you could when you were younger. You can even exclude more income from your tax computations.

02/23/2022

Parents face a surprise ‘kiddie tax’ bill if children are trading stocks.

Please pay attention to the kidie tax if your childrens are doing investment's.

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02/22/2022

Identity Theft.

Identity (ID) theft happens when someone steals your personal information to commit fraud.

The identity thief may use your information to apply for credit, file taxes, or get medical services. These acts can damage your credit status, and cost you time and money to restore your good name.
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02/19/2022

IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season

Nearly 24 million taxpayers are still waiting for the Internal Revenue Service to process their tax returns from last year — a number far larger than previously reported by the agency — with many refunds being held up for 10 months or more.

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02/04/2022

Get Your Tax Record

The IRS may receive your form W-2,1099-NEC, 1099-G or any other form of your income info.For avoiding underreporting by double checking forms with a free IRS tool "Get transcript online" before filling your tax return.https://www.irs.gov/individuals/get-transcript
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02/02/2022

We are helping for crypto currency taxation.
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01/29/2022

Those who welcomed a new baby in 2021 and meet eligiblity requirements could qualify to receive up to $5000 on their tax refund.
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01/19/2022

Baraka tax and Bookkeeping LLC help small business owners, independent contractors to reduce tax liability, with tax reduction strategies and tax planning, so they can achieve profitable long-term growth.

Please call us at 1-4652378002 or email us at [email protected]

Taxes can whittle away a substantial portion of your businesses funds. Are you taking advantage of all achievable options to lower your taxes through deductions? Maintain these ten useful deduction ideas under consideration while you total your business expenses to the previous taxes year – when y...

01/18/2022

Inflation is rising, the surge in day to day expenses, climbing prices may effect your tax bill. Please take a look at tax bracket for year 202.

01/18/2022

IRS Free File available today; filers can claim important tax benefits

IR-2022-14, January 14, 2022 — The IRS today announced the availability of Free File, providing taxpayers online tax preparation products available at no charge.


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