LH Tax Group

01/08/2024

I can’t say this enough.. stop trusting just anyone with your taxes this is your livelihood. I have corrected too many and I hate to see anyone not get their full refund or pay what they shouldn’t. Reach out to me and let me see what you have and I will help you review and help you to the fullest!
I can’t tell you the mistakes I see. I have 18years of experience. I know every in’s and out’s. Yes, many will promote they do taxes, but it’s may not be the same. I have corrected too many.
Reach out!!

06/23/2021

⚠️ATTENTION:⚠️

The IRS now has the option available to opt-out for the monthly child tax advance. If you do now want to receive your end of the year refund in advance you must opt-out.

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021?fbclid=IwAR23uMmArgu1WeKf-eWLstkCHaHlCgfMJC_1Y4Zku1oTr0y1WPFdRNxp5Bo

Find details about the advance Child Tax Credit payments, including how to get them or stop getting them.

03/12/2021

⚠️⚠️⚠️Attention ⚠️⚠️⚠️

Unemployment compensation on your 2020 tax return, The bill just passed through congress that will make $10,200 of unemployment nontaxable on the 2020 Federal tax return for people with income less than $150k.

If the president signs it into law on Friday there will still be a wait.

We must wait until the IRS issues guidance on how they want it reported (whether there will be an extra form, like for social security, where we put how much UI there was and then subtract out the $10,200, leaving the balance to flow to the 1040), etc.

Then each state will need to decide and report how they are going to handle it. Some states will decide to still tax it, some will not.

Then our software will have to update to include the new changes/forms for federal and state.

So, even through this could be very good news for most of you, it's not going to happen overnight. It might be the beginning of April before we have the capability to actually file these returns. So, just try to be patient. If we're getting near the deadline we will communicate with you about potentially taking an extension, but we're hoping that will not be necessary.

If you had withholding on that portion of your UI it will be refunded to you on your 2020 tax return (or amendment if we already filed you).

If you don't want to wait and you want us to file now so you can get your refund you can and amend your return later but there will be a fee for the fed and state amendments.

03/11/2021

Where all my freelancers at?

03/10/2021

The House has voted now it goes off to the president to sign!

03/09/2021

Are you Self-employed? Did you receive a 1099? Well this year there is a credit made just for you! Make sure you are not missing out on this extra credit you could be getting on your 2020 Tax Return 💰 💰

01/27/2021

01/21/2021

The Internal Revenue Service (IRS) has announced that tax season will open on Friday, February 12, 2021.

The IRS will begin accepting paper and electronic tax returns that day. This is about two weeks later than had been expected. The delay allows the IRS time to do additional programming and testing of IRS systems following the December 27 tax law changes - especially those involving a second round of stimulus checks (Economic Impact Payments, or EIPs).

01/20/2021

🚨Now offering Notary Public Services 🚨

12/30/2020

This is what the new stimulus bill provides:

~American adults making less than $75,000 a year will receive a payment for $600 (per adult)
~Couples that make less than 150,000 will receive $1,200
~Amount given per child under the age of 17 will from $500 to $600.

Those making over $87,000 or $164,000 for couples will not receive a check., anything in between will receive a prorated check.

**Please be aware these numbers will be based off of 2019 Income Tax Return not like the first stimulus bill that was based off of 2018 tax returns.
If you filed your return with another tax payer and are no longer are with that person then you will not receive it, it will go to that bank account given at the time of filing your return for 2019.

12/29/2020

Remember this is for the ones that was approved, $600.

Treasury Secretary Steven Mnuchin said direct payments to Americans. which were signed into law by President Donald Trump on Sunday, could be deposited as soon as Tuesday night.

12/29/2020

Welcome to my page! Here you will be able to see current tax updates and ask your questions. Thank you and please feel free to invite and share.