C&G TAX

The IRS To Start Automatically Sendi ng Monthly Child Tax Credit Payments Ju ly 15

FYI, for those that didn’t do the ir tax return in 2019 or 2020 y ou must read!
Si no hiciste t us taxes en el 2019 o 20 20, tienes que leer esta información
👇😊
https://www.forbes.com/advisor/taxes/how-new-monthly-child-tax-credit-payments-will-work/

The IRS To Start Automatically Sendi ng Monthly Child Tax Credit Payments Ju ly 15 The Internal Revenue Service (IRS) announc ed in May it will automatically se nd monthly child tax credit payments to famili es who qualify starting July 15. Abo ut 39 million households, which covers 88% of children in the United Stat es, will receive the payments On Mar ch 11, President Joe Biden sig

😲😲‼‼ What to do if y ou already filed taxes but want to cla im the $10,200 unemployment tax break?

These peop le should be prepared to possibly fi le an amended income tax return th at will claim the exemption, the observe rs added. That’s accomplished with the Fo rm 1040-X.

“Amending your return basically means th at you re-file your return, but subtra ct up to $10,200 of [unemployment insuranc e] benefits,” according to experts at T he Century Foundation. “Depending on your t ax rate, that could result in a refu nd check of more than $1,000.”

Legislative langua ge in the American Rescue Plan’s statu te does not contain instructions on wh at the IRS should do when someo ne has already filed before the governme nt can assess the income tax exemption.

Taxpaye rs who have already filed should al so wait, they say. By waiting, th at gives the IRS time to figu re out how to handle these typ es of returns and it allows t ax software companies update their systems, sa id Robert Kerr, a Washington, DC-based enroll ed agent and consultant.

“It’s in everyone ’s interest to get this sorted quickly ,” said Kerr, a former executive vi ce president of the National Association of Enroll ed Agents, a trade organization for t ax professionals.

A couple making just under t he $150,000 cap could be looking at a potenti al $2,200 tax savings by Kerr’s calculatio ns.

☎703-599-0142☎
[email protected]

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FYI
📣📣New Exclusion of up to $10,2 00 of Unemployment Compensation.

If your modified adjust ed gross income (AGI) is less th an $150,000, the American Rescue Plan enact ed on March 11, 2021, excludes fr om income up to $10,200 of unemployme nt compensation paid in 2020, which mea ns you don’t have to pay t ax on unemployment compensation of up to $10,2 00. If you are married, each spou se receiving unemployment compensation doesn’t have to p ay tax on unemployment compensation of up to $10,2 00. Amounts over $10,200 for each individu al are still taxable. If your modifi ed AGI is $150,000 or more, y ou can’t exclude any unemployment compensation.
As alwa ys, if you have any question do n ot hesitate to contact me.
☎703-599-0142 ☎
[email protected]
🙂❤

📢‼ Sabes si calificas para el TERC ER STIMULUS CHECK? Bueno solo mira el grafi co y te dara la respuesta!
Necesita ayu da con su Tax Return? no du de en comunicarse con nosotros, estamos pa ra servirlos
☎703-599-0142☎
[email protected]
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📢📢‼Are you eligible for the Thi rd Stimulus check of $1400? Here👇 is wh at you need to know:

How do tax es and stimulus check qualifications work together?
F or most people, taxes and stimulus chec ks are tightly related. For example, t he most important factor in setting inco me limits is your AGI, which determin es how much of the total stimul us payment you would be entitled to recei ve. The same will hold true wi th a third stimulus check.

STIMULUS CHECK F OR INCOME LIMITS

Full $1,400 per person maxim um (based on AGI) Not eligible (bas ed on AGI)

- Single taxpayer Less th an $75,000 full amount,
$75,0 00 to $80,000 reduce amount
ov er $80,000 phase out (nothing)

- Head of househo ld Less than $112,500 Full amount
$112,5 00 to $120,000 reduce amount
Ov er $120,000 phase out (nothing)

- Marri ed couple filing jointly Less than $150,0 00 Full amount
$150,0 00 to $160,000 reduce amount
Ov er $160,000 phase out (nothing)

📢📢ATENCION‼‼ Para todas las personas q ue se les ha vencido su IT IN number y quieren renovarlo para hac er sus impuestos, pueden hacerlo con un C AA (Certified acceptance agent) ellos pueden certific ar copias.
La otra opcion es hacer u na cita directamente con la oficina loc al del IRS en Vienna, pueden ir personalmen te con sus documentos originales de identificaci on como Pasaporte (no expirado) y e se mismo dia se lo procesan s in dejar sus documentos, Para RENOVAR el IT IN no se necesitan hacerlo con su t ax return.
Direccion para hacer su cita en Perso na y llevar documentos originales:
IRS Taxpayer Assistan ce Center Location TAC
Address: 7980 Quant um Drive, First Floor Vienna VA 22182
Servi ce available: Monday-Friday 8:30am to 4:30pm (clos ed for lunch 12:30 to 1:30pm
Make appoinme nt: 844-545-5640
Office information: 703-336-4026
😊❤

Do you know if you quali fy for the CTC (Child tax cred it) look it up!!! 😊😉❤

Second Stimulus Check Calculator: How Mu ch Will You Get?

📢📢✍ Quieres saber cuanto sera tu segun do stimulus check si es que todav ia no lo haz recibido? Usa es te Check calculator y lo sabras!
Solo H az click en la imagen 👇🙂

Second Stimulus Check Calculator: How Mu ch Will You Get? See if you qualify for t he second round of stimulus payment a nd estimate how much money you c an expect to receive with our interacti ve calculator.

FYI
😲The Recovery Rebate Credit (stimulus che ck you didn't receive) will be app ly to offset any taxes own, a nd other government debts unfortunately 🤦‍♀️🤷‍ ♀️

👉📢📢Si tuviste seguro de salud (Heal th insurance) a traves del Marketplace, y no a trav es de tu empleador, asegurate de ten er tu forma 1095-A para poder reconcili ar el subsidio y saber si calific as para el Premium tax credit, No te ha llega do tu forma 1095-A todavia? entonces ent ra a tu cuenta de Healthcare.gov pa ra poder tener acceso e imprimir tu for ma, Recuerda esta forma es indispensable pa ra poder hacer tus taxes correctamente.🙂😉❤
https://www.healthcare.gov/blog/how-to-prepare-to-file-2020-taxes/

IRS Offers New Relief Options to He lp Taxpayers Affected by COVID-19 | Intern al Revenue Service

📢📢‼👉Having hard time paying your 2019 tax es owned? Follow these steps🙌🙂

IRS Offers New Relief Options to He lp Taxpayers Affected by COVID-19 | Intern al Revenue Service Our IRS employees are committed to contin ue helping taxpayers wherever possible, including offeri ng many options for those struggling to p ay their tax bills.

PPP Round 2 Vs. PPP 1 - H ow To Apply [Self Employed, 1099, & Sma ll Business]

📢📢‼‼ Para todas las personas q ue tienen negocios independientes Self employed (S-Co rp or Partnership) Sole proprietorship, o tien en 1099, Ya esta disponible el 2 nd round del PPP loan (Payroll protecti on plan), y si no pudiste aplic ar al primer round, ahora es el momen to de hacerlo!!!
Fiorella Gambini

PPP Round 2 Vs. PPP 1 - H ow To Apply [Self Employed, 1099, & Sma ll Business] Paycheck protection round 2 application is n ow on the SBA site. Let’s cov er the new PPP application, how to quali fy for the second PPP, How to app ly for PPP ...

👉📢📢 THE SICK AND FAMILY LEA VE CREDIT, son 2 nuevos creditos pa ra los Self employed, Independent Contractors or So le Propiertoship que se enfermaron de Cov id 19 y tuvieron que hacer cuarente na, tambien para las personas que tuvier on que cuidar a alguien que estu vo enfermo de Covid 19, Necesitas m as informacion? LLamame para ver si calificas!🙂
☎ 703-599-0142
[email protected]

Atencion!!
Podemos hacer sus taxes desde aho ra, pero el IRS comenzara a recib ir desde el 12 de Febrero

10 Form as en las que tus taxes ser an diferente en el 2021 Tax season:

1. Se removio el RMD (retirement minim um distribution) que se require normalmente a l as personas que cumplen 70 ½ y se extend io hasta 72 años, menos income men os taxes que pagar.
2. Donaciones a Chari ty de hasta $300 in cash ser an deducibles aun cuando solo use el Standa rd deduction
3. El Standard Deduction incremen to de entre $200 a $400 respectivamen te segun el filling status
4. Income Bracke ts son un poco mas altos seg un el income
5. Contribuciones mas alt as para algunas cuentas de retiro co mo 401K maximo contribution $19400 y a l os 50 años puede adicionarle $6500 to cat ch up
6. Contribuciones mas altas para l os que tienen un HSA (health savi ng account) $3550 self coverage, y has ta $7100 por Family coverage
7. Limites de inco me mas alto para el Saver’s Cred it, puede obtener el credito si su A GI is MFJ $65000, HOH $48750, y $325 00 Single
8. Adoption Credit max $14300
9. Limi te de income mas alto para el EI TC (earn income tax credit) MFJ 568 44, otros $50594, Max total credit $6660
10. Cap mas alto para el Soci al security payroll taxes, fue de $1329 00 a $137700 para el 2020.

Si tie ne alguna pregunta no dude en llamar me al 703-599-0142

What is a Recovery Rebate T ax Credit?

Haven’t you received your stimulus che ck of $1200 per person ($2400 f or a married couple)? Now you c an claim it in your 2021 t ax return under The Recovery Rebate T ax Credi!
More info 👇
Any Question? Conta ct me at 703-599-0142
http://a.msn.com/00/en-us/BB1d9urv?ocid=sf

What is a Recovery Rebate T ax Credit? With all the talk about stimul us payments, you may have heard t he phrase "Recovery Rebate Credit" thrown arou nd. Here's what it means and w hy it matters.

10 Ways Your Income Taxes Wi ll Be Different in 2021

FYI
Pay attention to this changes on yo ur tax return in 2021!!
Any question? conta ct me at 703-599-0142 🙂😉
Hablamos Español!

10 Ways Your Income Taxes Wi ll Be Different in 2021 Filing your taxes will be differe nt in 2021 due to coronavirus legislati on and inflation adjustments.

Por favor Comparte!!!

Sabias que si compraste assets en es te año especificamente para tu negocio, podri as deducirlo todo under section 179?

U.S. tax filing day moved fr om April 15 to July 15

‼️‼️ 👉👉ATENCION!!!!! hace dos dias se prorro go el ultimo dia de hacer tax es hasta el 15 DE JULIO, tod as las personas que necesitan hacer s us taxes sobre todo las que normalmen te reciben reembolsos NO POSTERGARLO MAS, lue go tendran problemas para recibirlo debido a la cris is, los que normalmente deben y tien en que pagar no se tendran q ue preocupar por la multa o interes es hasta el 15 de julio. Recuerd en C&G TAX esta para servirlos!!!!
Estamos hacien do impuestos via video camara y obtenien do los documentos via email o fot os via text "PRECIOS MUY COMODOS"
Ayudemonos en tiemp os dificiles!!!! 🙌😉😊
C&G TAX LLC
[email protected]
703-599-0142

U.S. tax filing day moved fr om April 15 to July 15 "We are moving Tax Day fr om April 15 to July 15," Treasu ry Secretary Steven Mnuchin announced on Twitt er.

IRS to delay the April 15 t ax payment deadline by 90 days

FYI:
👉Recuerden esto es u na prorroga de 90 dias para pag ar sin multas ni tardanzas en ca so debas dinero al IRS, esto no es prorro ga para hacer sus taxes, hasta h oy el ultimo dia para cumplir c on su obligacion tributaria sigue siendo EL 15 DE ABR IL DEL 2020
Y RECUERDEN C&G TAX ES TA PARA SERVIRLOS!!!
Estamos haciendo taxes virtuales v ia video con su telefono y l os documentos puedes enviarlos por correo, dejarl os en mi oficina o mandarlos v ia email a traves de un secu re portal folder, scan o con fot os via whats app o mensaje de texto.
C &G TAX LLC
email: [email protected]
Call or text: 703-599-01 42

IRS to delay the April 15 t ax payment deadline by 90 days Americans will get a three-month reprie ve to pay their income taxes f or 2019.

Last Chance to Claim Your T ax Refund - TurboTax Tax Tips & Vide os

😮👉👉 FYI, this is the la st year to do your taxes fr om 2016 due on April 15 2020 or Octob er 31 2020, if filed for an extensi on, after that you wont be ab le to claim any credits or refu nd. Just to keep in mind

👉👉 Ya lo saben, si NO hiciste t us taxes desde el 2016 este a ño es el ultimo año para reclam ar tus creditos y reembolsos, pasado abr il 15 del 2020, o Octubre 31 d el 2020 si aplicaste por extension, ya no tendr as oportunidad de reclamarlo!! asi q ue las personas que estan atrasadas aprovech en este ultimo año, luego sera m uy tarde!!

Last Chance to Claim Your T ax Refund - TurboTax Tax Tips & Vide os The law gives taxpayers who fa il to file their income taxes thr ee years to submit a return a nd claim a refund. Generally, the three-ye ar countdown starts on the due da te of the return, including extensions.

8 Myths About The Earned Inco me Tax Credit (EITC) At Tax Ti me

Myth about the Earned income cred it! 😉

8 Myths About The Earned Inco me Tax Credit (EITC) At Tax Ti me With some tax returns are alrea dy on the way for processing, t he Internal Revenue Service (IRS) is remindi ng taxpayers not to forget about t he Earned Income Tax Credit (EITC).

The new IRS “audit”: Upfront information-stateme nt matching - Tax Information Center

FYI

The new IRS “audit”: Upfront information-stateme nt matching - Tax Information Center In the past, the IRS didn ’t get around to auditing tax retur ns until several months after they we re filed and after taxpayers received t he refunds. But the 2017 tax seas on was a turning point. The I RS implemented the first phase of a mo ve toward more upfront matching to impro ve return accuracy and...

IRS’ 2019 "Dirty Dozen" tax sca ms list highlights inflating deductions, credits | Intern al Revenue Service

IRS’ 2019 "Dirty Dozen" tax sca ms list highlights inflating deductions, credits | Intern al Revenue Service IR-2019-36, March 12, 2019 — T he Internal Revenue Service today warned taxpaye rs to avoid falsely inflating deductions or credi ts on tax returns as part of i ts 2019 list of the “Dirty Doze n” tax scams.