Millennium Tax Pros

Millennium Tax Pros We interview clients to gather information about deductions.

Prepare tax returns for small businesses and individuals. ... Tax preparers must ensure they apply appropriate deductions, credits, and adjustments so clients do not pay more than necessary.

12/28/2025

Important Info for the Upcoming Tax Year! 📊💡

If you plan to take the no tax on overtime deduction, here’s what you need to know:

- Gather Documentation :
- Last pay stub from every job showing overtime.
- All W-2 forms from your employers.

- Why It’s Necessary :
- IRS is requiring Both documents to be presented for accurately calculating your deduction

- Reminder :
- Without this documentation, you won’t be able to claim the deduction.

Make sure you have everything ready to maximize your tax benefits! 💰

12/18/2025

🚨 Attention, Taxpayers 🚨

If you have 2-3 dependents, listen up !!

We’re hearing about some incredible refund amounts this year—$11,000, $13,437, even $15,034! 😲💵

For those earning under $36,000 with a W-2 and who may have overpaid, get ready for some amazing returns! 🔥💰

🚨 Atención, Contribuyentes 🚨 Si tienen 2 o 3 dependientes, ¡escuchen!

Estamos escuchando sobre reembolsos increíbles este año: ¡$11,000, $13,437 e incluso $15,034! 😲💵

Para quienes ganan menos de $36,000 con un W-2 y hayan pagado de más, ¡prepárense para reembolsos increíbles! 🔥💰

06/03/2025

Heres a 1099 series cheat sheet
If someone is Teaching you about 1099s and they ARENT mentioning the Full Series, then THEY DONT KNOW S**T. If they Teach about taxes PERIOD and dont know these Documents, THEY DO NOT KNOW S**T ABOUT TAXES. Why didnt your Tax Advisor advise you to Assess the Tax on your Mortgage, Car??? Fck a w2 THIS IS FOR THE REAL EARNERS !!!!!

MORTGAGE‼️‼️

📄 1099-A – Acquisition or Abandonment of Secured Property

• Box 1: Date of lender’s acquisition or knowledge of abandonment
• Box 2: Balance of principal outstanding
• Box 4: Fair Market Value (FMV) of property
• Box 5: Was borrower personally liable for repayment
• Box 6: Description of property

📄 1099-C – Cancellation of Debt

• Box 1: Date of identifiable event
• Box 2: Amount of debt discharged
• Box 4: Description of debt
• Box 5: Was borrower personally liable
• Box 6: Code for reason of cancellation (e.g., Code G)
• Box 7: Fair Market Value of property (if applicable)

📄 1099-OID – Original Issue Discount

• Box 1: Original Issue Discount for the year
• Box 2: Other periodic interest (often $0)
• Box 4: Federal income tax withheld (typically $0)

📄 1099-INT – Interest Income

• Box 1: Interest income
• Box 4: Federal income tax withheld (typically $0)

📄 1099-B – Proceeds from Broker and Barter Exchange Transactions

• Box 1a: Description of property
• Box 1b: Date acquired
• Box 1c: Date sold or disposed
• Box 1d: Proceeds
• Box 1e: Cost or other basis
• Box 7: Barter checkbox (check if applicable)

📄 1096 – Annual Summary and Transmittal of U.S. Information Returns

• Box 2: Employer Identification Number (EIN)
• Box 3: Total number of forms submitted
• Box 5: Total amount reported with all forms
• Box 6: Type of forms (check applicable boxes)
• Signature and title of fiduciary

📄 Form 56 – Notice Concerning Fiduciary Relationship

• Line 1: Name of person/entity for whom fiduciary is acting
• Line 2: Fiduciary’s name and address
• Line 4: Description of authority (e.g., Declaration of Trust)
• Line 5: Type of tax and form (e.g., 1099, 1041)
• Line 6: Applicable form numbers
• Line 8: Effective date of fiduciary relationship

📄 Form 1041 – U.S. Income Tax Return for Estates and Trusts

• Line 1: Interest income (from 1099-INT)
• Line 5: Original Issue Discount (from 1099-OID)
• Lines for deductions (e.g., trustee and legal fees)
• Final net income line for taxable income if applicable

05/28/2025

‼️Important information for TAXPAYERS & TAXPREPARERS!‼️

Recent Executive Order to End 🛑 Federal Paper Check Disbursements

We would like to inform you of an important policy update that will directly affect your tax preparation operations. According to the recent executive order, "Modernizing Payments To and From America’s Bank Account," the government has mandated the end of all federal paper check disbursements—including tax refunds—effective September 30, 2025.

What This Means for You and Your Customers:
The IRS must transition fully to Electronic Funds Transfer (EFT) disbursements.

Paper checks will no longer be issued by the Treasury after September 30, 2025.

Accepted payment methods going forward will include direct deposit, prepaid cards, and other digital payment options.

11/21/2024

Documents to claim the Child Tax Credit (CTC):

To ensure you can successfully claim the CTC, you’ll need the following:
1. Proof of Residency: A document showing the child lived with you for more than half the year (e.g., utility bill, lease agreement).
2. Social Security Card: For each qualifying child.
3. Current Year School Enrollment: Official documentation showing the child’s enrollment status.
4. Birth Certificate or Health Records: To verify the child’s relationship to you.

These documents help establish eligibility and reduce delays in processing your
Millennium Tax Pros 💡💡💡💡💡

11/19/2024

📢 Tax Season is Around the Corner—Are You Ready?

Time to get those documents in order! Here’s your ultimate checklist to make filing stress-free:

✅ W-2s or 1099s 📋
✅ Receipts for deductions 🧾
✅ Childcare and education expenses 📖
✅ Last year’s tax return ♻️

💎 Pro Tip: The earlier you’re ready, the faster we can secure your refund!

Start gathering now, and let Millennium TaX Pros take care of the rest. ✨

📧 Email us at [email protected]

02/13/2024

Dear Taxpayers WHO HAVE DEPENDENTS 🚨

PATH ACT ends on Thursday, February 15.
PATH ACT lifts going into Friday, February 16.
Transcripts will UPDATE on Friday, February 16.
Where’s My Refund will update on Saturday, February 17.

Until then, THERE IS NO REASON TO BE ONLINE TO CHECK YOUR STATUS IF YOU CLAIMED PATH CREDITS‼️

Patience is a virtue 😌🤸🏽‍♀️

01/12/2024

FYI-
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
Your business taxes and your personal taxes are filed TOGETHER‼️
💣 💣💣💣💣💣💣💣💣💣💣
📌(Unless your business is taxed as a Corp, and if you don’t know if it’s taxed as a S-corp I’m 99.9% sure that it’s not) 📌
📌If you are self employed and work for someone or for a company, all income is reported on the same tax return!
📌If you have a small business and work a job, both incomes are reported on the same tax return.

📌If you do hair, nails, lashes, eyebrows, massages, babysit, lawn service, cut hair, adult entertainment, event space, party decorating, make custom cakes, treats, etc., make or design clothes, mobile or traveling bartender, make documents, cleaning services, do house packages, real estate agent, life insurance agent, credit repair agent, tax preparation, influencer, content creator, only fans, stripper, rapper, travel agent, Uber, left, DoorDash, DSP drivers, truck drivers, couriers/carriers, 📌if you receive a 1099-NEC….ALL of these are reported on a Schedule C which is attached to your personal/individual tax return‼️

📌You have to report this income on your PERSONAL TAX RETURN!
📌If you don’t have a business license…you still need to report the income on your personal tax return
📌If you registered your business as a LLC…you still need to report the income on your personal tax return
📌If you only paid $700 for the whole year… you still need to report the income on your personal tax return
📌If you made more money from your side hustle than you did at your job… you need to report the income on your personal tax return!

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
YOU ONLY NEED TO FILE 1 TAX RETURN 🚨🚨🚨🚨🚨🚨🚨🚨🚨

Your personal taxes and your business taxes are filed at the same time on the same return‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
📌🚨I know the internet probably had yal fooled, but PLEASE get with an EDUCATED Tax Professional like myself so we can get your taxes filed CORRECTLY 💪🏾

Contact Shay Pippen

IMPORTANT IRS PHONE NUMBERS⬇️➡️IRS 1-800-829-1040 (General IRS phone number)➡️ID/PIN 1-800-908-4490 (Retrieve your yearl...
01/09/2024

IMPORTANT IRS PHONE NUMBERS⬇️

➡️IRS 1-800-829-1040
(General IRS phone number)

➡️ID/PIN 1-800-908-4490
(Retrieve your yearly IP PIN)

➡️Transcript 1-800-908-9946
(Summary of your tax return)

➡️Employee Retention Credit 1-877-777-4778
(ERC)

➡️Taxpayer Advocate Services 1-877-777-4778
(Someone to help you with any tax related issues/problems)

➡️Offset Line 1-800-304-3107 (Find out if you owe any federal or state agencies)

➡️Verification Number 1-800- 830-5084 (Verifying the tax return that was filed)

01/08/2024

🚨What day is the IRS accepting tax returns in 2024?

🗣️January 29th ,2024

01/04/2024

🚨The Advance Loans have starts please don't try to FILE your taxes if you don't have your W2's. ‼️

You can't file your taxes with your last paystub unless you plan on taking a chance getting AUDITED if the numbers do not match your W2's this will delay your refund!

🚨IRS is cracking down this season.

🚨Also if you was on unemployment or had insurance through the Marketplace you need to wait on your FORM 1099-G and FORM 1095-A.

Don’t rush the money gone be there stay in Compliance 🎊🎊🎊✅✅✅

Millennium Tax Pros

01/04/2024

THE I.R.S HAS WARNED Everyone‼️‼️‼️‼️ :
🗣️🗣️🗣️🗣️

If you owe You need to start calling those companies to set up a INCOME DRIVEN (income & family size) payment plan, OR ask for FORBEARANCE (hardship) or place your loans in DEFERMENT (pause payments).

4Nelnet- 1-888-486-4722
Great Lake Educational Loan- 1-800-236-4300
Navient- 1-800-722-1300
Fed Loan Servicing- 1-800-699-2908
Mohela 1-888-866-4352
Hesc/edfinancial 1-855-337-6884
Cornerstone 1-800-663-1662
Granite state Gsmr 1-888-556-0022
Osla servicing 1-866-264-9762
IRS OFFSET # 1800-304-3107

You could be eligible to receive your refund back or have it forgiven ‼️

Act Now 👏🏽

Address

500 E Front Street Suite 160
Arlington, TX
76011

Opening Hours

Monday 9:30am - 4pm
Tuesday 9:30am - 4pm
Wednesday 9:30am - 4pm
Thursday 9:30am - 4pm
Friday 9:30am - 4pm
Saturday 11am - 3:30pm

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