Arie.bankstaxservices

05/14/2024

01/09/2024

Banks Tax Services is your nationwide tax solution! We file taxes in all 50 states, ensuring a comprehensive service tailored to your location.

schedule your appointment online today and let a professional tax advisor get you back what you deserve!

📲(409)-730-3762
👩🏾‍💻www.bankstaxservices.com

01/05/2024

(409) 730-3762

01/03/2024

If you are self-employed in any field, such as a Hair Stylist, Barber, Makeup Artist, Esthetician, Social Media influencer, Massage Therapist, Landscapers, Mechanic, Truck Driver, Fashion Stylist, and more. You can file and apply for a Refund advance of up to $6,000 starting today.

Please remember...
👉🏾Applying for the advance/loan means you are filing your actually tax return which means you will need all supporting documents to complete your tax return.

👉🏾Your tax return will be transmitted to the IRS awaiting approval.

👉🏾Applying for the advance/loan means the tax return CANNOT be pulled back. It is gone.

👉🏾Applying for the advance/loan, means the client CANNOT go anywhere else to get an advance.

👉🏾Applying for the advance/loan means if the client is denied, the return CANNOT be pulled. The return is gone.

Once approved within 24-48 hours, you will have three options to receive your funds..

1. Direct Deposit to the bank of your choice
2. a prepaid card ( if needed )
3. Paper Check

01/01/2024

“Keep your face always towards the sunshine, and shadows will fall behind you.”

12/21/2023

TOUCHDOWN 🏈
All self-employed individuals can start filling in on January 2nd.

Who is self-employed?

You are self-employed if any of the following apply to you.

• You carry on a trade or business as a sole proprietor or independent contractor.

• You are a member of a partnership that carries on a trade or business

• You are in business for yourself, including a part-time business or a gig worker.

If this is you, schedule your appointment with today!



  

12/20/2023

If the total proceeds (interest and principal) from the qualified U.S. savings bonds redeemed during the year are not more than the adjusted qualified higher educational expenses for the year, the taxpayer might be able to exclude all of the interest.

If the proceeds are more than the expenses, the taxpayer might be able to exclude only part of the interest

📈 Use Form 8815 to determine the maximum excludable amount, including MAGI limitations.

• Divide the qualified higher education expenses by the proceeds received during the year then multiply that amount by the interest.



  

12/19/2023

Are you ready for our client’s Superbowl Tax season? If not, now is the time to get prepared!

To file, here’s what you’ll need to get started.

✅ Valid identification Social Security documents for all the households.

✅ Income statements such as W-2s, 1099R, (Retirement)1098 (Mortgage Statement) MISC-1099s, 1099- NEC, etc...

✅ Tax forms that report other types of income, such as Schedule K-1 for trusts, partnerships, and S corporations

✅ Tax deduction records

✅ Expense receipts



  

12/18/2023

Positive action combined with positive thinking results in success.

People with a positive mindset are more successful because they recognize opportunities and take advantage of them. If you have a positive attitude, you’ll always find the good in every situation and are more likely to turn setbacks into opportunities to expand your business.
📲 409-730-3762
www.BanksTaxServices.com

12/14/2023

If a taxpayer received income from other sources, the benefits will generally not be taxable unless the taxpayer’s modified adjusted gross income (MAGI) is more than the base amount for the taxpayer’s filing status.

Calculating Taxable Portion of Social Security Benefits:

To figure the taxable portion of the benefits, compare the base amount for the taxpayer’s
filing status with the total of:

1.) One-half of the benefits

2.) All other income, including tax-exempt interest

When making this comparison, do not reduce other income by any exclusion for:

• Interest from qualified U.S. savings bonds
• Employer-provided adoption benefits
• Interest on education loans
• Foreign earned income or foreign housing
• Income earned by bona fide residents of American Samoa or Puerto Rico