American Tax Service

01/17/2022

01/16/2022

New and return clients that receive social security year of 2021. You must bring your SSA-1099 or SSA-1042S when you file your taxes. Down below is a link where you can get a replacement copy if you didn’t or don’t want to wait to receive the document.

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my Social Security | Replacement SSA-1099

01/16/2022

📍📌 Hey returning and new clients click the link and login into the portal to see if or do you owe the IRS. Also on this site it shows your tax records and your advance child tax credit information. On there you can see every payment you receive!!! Contact US for any inquiring information about your tax return 901-330-1302

Pay your taxes, view your account or apply for a payment plan with the IRS.

01/16/2022

📍Good afternoon new and returning clients. I see everyone have questions about the new child and dependent care expenses. Every tax client is different, which mean that credit doesn’t apply to everyone. That credit is based on a few things which I will explain to you once it’s time to process returns. But I will say keep in mind whatever company or individual you use for that credit have to report that income to the IRS.

📌📍 What I mean by this is…IF YOU SAY YOU PAID TIM 10,000 FOR CHILD CARE EXPENSES TIM HAVE TO REPORT THAT 10,000 TO THE IRS!!

📌📍 All income you receive in that tax year have to be reported NO MATTER HAVE MUCH IT IS IT HAVE TO BE REPORTED. Missing income could cause an audit and will cause you to do an amendment on your tax return!!!

Contact Us for all your tax questions and preparations‼️‼️‼️‼️

01/04/2022

The IRS announced they will not start accepting tax returns until Jan 25th.

So what does that mean?

✅ That means there is no reason for you to be rushing and breaking your neck to get your taxes done.

✅ There are several documents the IRS will be mailing out in which you must have in order to file your tax return.

✅ You will need form 6417 and form 1444 to reconcile your advanced child tax credit and stimulus payment.

✅ Also any tax return with EIC will not be released until Feb 14th.

✅ This means you probably will not see your refund until Mid March at the earliest.

🟩 So be patient and brace yourself for another delayed tax season.

01/03/2022

If you received child tax credit for 2021, please wait on the irs to mail you form 6419 form. This form will be mailed out to you. Treat this form like a W-2 or 1099 form.

01/04/2020

American Tax Service TN has tax loans up to $6000 this year starting January 4, 2020. Yes, I said it correctly, January 4th, 2020 almost 3 weeks BEFORE the first day of e-file! The cost of the loan is around $68, and the loan amounts are the following brackets:

Refund Amount $0 - $2999 = $1000 Loan
Refund Amount $3000 - $6999 = $1500 Loan
Refund Amount $7000 or more = $2500 Loan

901-330-1302

9:00am — 7:00pm Monday — Saturday
~ Appointments Available ~
4384 Stage Rd Suite 306 • Memphis, TN 38128