Sandollar Accounting & Taxes LLC

01/24/2025

TAX SEASON
ACCEPTING NEW CLIENTS FOR 2024 YEAR
GET YOUR FULL REFUND!


WHY YOU SHOULD HIRE US?
 Peace of mind
 Save money
 Provide tax knowledge
 Reliability (local business owner)
SERVICES OFFERED
 Tax preparation
 Past years returns
 Amended returns
 Accounting and payroll services
New clients receive a 10% discount for tax preparation services😊
• Speak Portuguese (native Brazilian)

Call or text to schedule an appointment at 386-852-7147

Email: [email protected] web:

Professional tax and financial services.

10/08/2024

Morning!

09/11/2024

IRS storm relief to victims of severe storms and flooding and Connecticut and New York.
Feel free to reach out to Sandollar if you need help with your tax returns.

Taxpayers living in those states are need to be aware of tax relief .
Here is an article from the IRS.

"IRS provides relief to victims of severe storms and flooding in Connecticut and New York; various deadlines postponed to Feb. 3, 2025
WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in Connecticut and New York affected by severe storms and flooding from torrential rainfalls that began on Aug. 18, 2024. Some communities in western Connecticut also experienced landslides and mudslides from these storms.
These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.
The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).
This means that individuals and households that reside or have a business in Suffolk County New York and in Fairfield, Litchfield, and New Haven counties in Connecticut qualify for tax relief.
The same relief will be available to any other counties added later to the disaster area. The current list of eligible localities is always available on the Tax relief in disaster situations page on IRS.gov.
Filing and payment relief
The tax relief postpones various tax filing and payment deadlines that occurred from Aug. 18, 2024, through Feb. 3, 2025 (postponement period). As a result, affected individuals and businesses will have until Feb. 3, 2025, to file returns and pay any taxes that were originally due during this period.
This means, for example, that the Feb. 3, 2025, deadline will now apply to:
• Any individual, business or tax-exempt organization that has a valid extension to file their 2023 federal return. The IRS noted, however, that payments on these returns are not eligible for the extra time because they were due last spring before the storm occurred.
• Quarterly estimated income tax payments normally due on Sept. 16, 2024, and Jan. 15, 2025.
• Quarterly payroll and excise tax returns normally due on Oct. 31, 2024, and Jan. 31, 2025.
In addition, penalties for failing to make payroll and excise tax deposits due on or after Aug. 18, 2024, and before Sept. 3, 2024, will be abated, as long as the deposits were made by Sept. 3, 2024.
The Disaster assistance and emergency relief for individuals and businesses page has details on other returns, payments and tax-related actions qualifying for relief during the postponement period.
The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area. These taxpayers do not need to contact the agency to get this relief.
It is possible an affected taxpayer may not have an IRS address of record located in the disaster area, for example, because they moved to the disaster area after filing their return. In these unique circumstances, the affected taxpayer could receive a late filing or late payment penalty notice from the IRS for the postponement period. The taxpayer should call the number on the notice to have the penalty abated.
In addition, the IRS will work with any taxpayer who lives outside the disaster area but whose records necessary to meet a deadline occurring during the postponement period are located in the affected area.
Taxpayers qualifying for relief who live outside the disaster area need to contact the IRS at 866-562-5227. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization. Tax preparers located in the disaster area with clients located outside the disaster area can choose to use the bulk requests from practitioners for disaster relief option, described on IRS.gov.
Additional tax relief
Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred (in this instance, the 2024 return normally filed next year), or the return for the prior year (the 2023 return filed this year). Taxpayers have extra time – up to six months after the due date of the taxpayer’s federal income tax return for the disaster year (without regard to any extension of time to file) – to make the election. For individual taxpayers, this means Oct. 15, 2025. Be sure to write the FEMA declaration number 3612-EM for Connecticut and 3613-EM for New York on any return claiming a loss. See Publication 547, Casualties, Disasters, and Thefts for details.
Qualified disaster relief payments are generally excluded from gross income. In general, this means that affected taxpayers can exclude from their gross income amounts received from a government agency for reasonable and necessary personal, family, living or funeral expenses, as well as for the repair or rehabilitation of their home, or for the repair or replacement of its contents. See Publication 525, Taxable and Nontaxable Income for details.
Additional relief may be available to affected taxpayers who participate in a retirement plan or individual retirement arrangement (IRA). For example, a taxpayer may be eligible to take a special disaster distribution that would not be subject to the additional 10% early distribution tax and allows the taxpayer to spread the income over three years. Taxpayers may also be eligible to make a hardship withdrawal. Each plan or IRA has specific rules and guidance for their participants to follow.
The IRS may provide additional disaster relief in the future.
The tax relief is part of a coordinated federal response to the damage caused by these storms and is based on local damage assessments by FEMA. For information on disaster recovery, visit disasterassistance.gov.

09/11/2024

Call now to connect with business.

07/25/2024

Tax Help!

Hello: my name is Eliane Moyses, I am an accountant and tax preparer. I have helped many individuals with their tax issues. I am a native Brazilian as well.

If you need help with your tax situation, past and overdue taxes, self-employment tax, retirement accounts, tax planning, bookkeeping and other issues you may have, please feel free to call for a confidential consultation.

Do not stress over IRS and taxes, I will be glad to help!

Call now to connect with business.

03/15/2021

The Internal Revenue Service Provides American Rescue Plan Guidance

Do not file amended returns

The IRS is reviewing implementation plans for the newly enacted American Rescue Plan Act of 2021.
Additional information about a new round of economic impact payments, the expanded child tax credit, including advance payments, and other tax provisions will be made available as soon as possible.
The IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time.
The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits nontaxable. For those who haven't filed yet, the IRS will provide a worksheet for paper filers and work with software industry to update current tax software so that taxpayers can determine how to report their unemployment income on their 2020 tax return. For those who received unemployment benefits last year and have already filed their 2020 tax return, the IRS emphasizes they should not file an amended return at this time, until the IRS issues additional guidance.

Also, the IRS has released IR-2021-54, which notes that the third economic impact payment will begin to be deposited over the next week. The third round of stimulus payments, those authorized by the 2021 American Rescue Plan Act, differs from the earlier payments in several respects:

The third stimulus payment will be larger for most people. Most families will get $1,400 per person, including all dependents claimed on their tax return. A single person with no dependents will get $1,400, while a family of four (married couple with two dependents) will get $5,600.

The third stimulus payment is not restricted to children under 17. Qualified families will get a payment based on all of their qualifying dependents claimed on their return, including older relatives like college students, adults with disabilities, parents and grandparents.

Sandollar Accounting & Taxes LLC is monitoring the details of this news and will be in the look out with additional guidance and resources as the IRS releases it.

Please contact us by email to schedule your tax appointment and have your tax return professionally prepared.
Our emails is [email protected]

09/01/2020

FLORIDA DEPARTMENT OF REVENUE - SCAM ALERT!
If you have sales tax account with the State, Please read the article bellow. I received a phone call last week, but I did not fall for it, please read the notice from the Department.

Verifying Department Contact

With the growing number of scams targeting unsuspecting citizens and businesses, the Department of Revenue would like to encourage the public to safeguard against any potential fraudulent activity. If you are contacted by someone representing themselves as an employee of the Florida Department of Revenue—whether it is by letter or form, a phone call or other communication—who appears unfamiliar with your specific tax or child support account information, please feel free to verify their identity by contacting the Department's Taxpayer Services Process at 850-488-6800 or by contacting the Child Support Customer Contact Center at 850-488-KIDS (5437). A list of our local office locations can also be found at: http://floridarevenue.com/Pages/contact.aspx

If you are unable to confirm the authenticity of the contact and suspect that you may have been targeted for a scam, please report this incident to the Department's Office of Inspector General at 850-617-8152.​​​Phone call from Florida Department of Revenue.

Florida Department of Revenue - The Florida Department of Revenue has three primary lines of business: (1) Administer tax law for 36 taxes and fees, processing nearly $37.5 billion and more than 10 million tax filings annually; (2) Enforce child support law on behalf of about 1,025,000 children with...

07/15/2020

Federal Tax Obligation! Are you current? If not, I can help! please call at business hours to set up an appointment.

07/15/2020

VERY IMPORTANT - TAX DUE DATE:
Citing from the IRS newsletter:
Tax returns are due today; taxpayers who can’t pay should still file today
Today, 2019 tax returns are due. Taxpayers should remember to file or request an extension of time to file and pay any taxes they owe by the July 15 deadline to avoid penalties and interest. Here are some tips for taxpayers who owe tax, but who can’t immediately pay their tax bill.
Taxpayers should:
• File their tax return or request an extension of time to file by the July 15 deadline.
o People who owe tax and do not file their return on time or request an extension may face a failure-to-file penalty for not filing on time.
o Taxpayers should remember that an extension of time to file is not an extension of time to pay.
 An extension gives taxpayers until Oct. 15, 2020 to file their 2019 tax return, but taxes owed are still due July 15, 2020.

• Pay as much as possible by the July 15 due date.
o Whether filing a return or requesting an extension, taxpayers must pay their tax bill in full by the July filing deadline to avoid penalties and interest.
o People who do not pay their taxes on time will face a failure-to-pay penalty.
o IRS.gov has information for taxpayers who can’t afford to pay taxes they owe.
• Set up a payment plan as soon as possible.
o Taxpayers who owe but cannot pay in full by the deadline don’t have to wait for a tax bill to request a payment plan.
o They can apply for a payment plan on IRS.gov.
o Taxpayers can also submit a payment plan request in writing using Form 9465, Installment Agreement Request.
Some disaster victims, military service members and eligible support personnel in combat zones have more time beyond the July 15 deadline to file and pay their taxes.
Taxpayers should also check their state filing and payment deadlines, which may be different from the federal July 15 deadline. A list of state tax division websites is available through the Federation of Tax Administrators.

07/08/2020

July 15 approach!
The Internal Revenue Service states:
"Taxpayers need to resume payments by July 15
WASHINGTON – The IRS today reminds taxpayers who took advantage of the People First Initiative tax relief and did not make previously owed tax payments between March 25 to July 15 that they need to restart their payments.
As the IRS continues to reopen its operations across the country, taxpayers who were in payment agreements and skipped any payments from March 25 and July 15 should start paying again to avoid penalties and possible default on their agreements.
“Through the People First Initiative, we have endeavored to provide unprecedented relief to help those who owed federal taxes and allow them extra time,” said IRS Commissioner Chuck Rettig. “As we resume a phased-in approach to our normal operations, we are sympathetic to the many Americans still suffering COVID-related hardships and stand ready to continue offering help to those who need it.”
Here’s what taxpayers should do to resume their payment agreements to the IRS, including Installment Agreements, Offers in Compromise, and Private Debt Collection program payments:
Installment Agreements
Taxpayers who suspended their installment agreement payments between April 1 and July 15, 2020, will need to resume their payments by their first monthly payment due date after July 15. Taxpayers should be aware that the IRS didn’t default their agreement, but interest did accrue, and the balance remained.
Taxpayers who had their bank suspend direct debit payments should contact the bank immediately to ensure their first monthly payment due date occurring on or after July 15, 2020 is sent to avoid penalties.
If a taxpayer can’t meet their current installment agreement terms due to a COVID related hardship, they can revise the agreement on IRS.gov/paymentplan or call the customer service number on their IRS notice if they have a Direct Debit Installment Agreement (DDIA).
Offer in Compromise
Pending Offers: If the IRS is currently reviewing a taxpayer's submitted offer but hasn’t accepted it yet, the taxpayer should resume their required payments starting July 15, 2020. The IRS will amend the taxpayer's offer to allow them to pay any skipped payments at the end of the offer period, if the offer is accepted.
Already Accepted Offers: If a taxpayer has an Offer in Compromise agreement, and the taxpayer was unable to make the payments on their accepted offer because of a COVID-19 hardship, the taxpayer should resume payments and make up the missed payments by July 15, 2020. If the taxpayer is unable to make up the missed payments, they can contact the number on the IRS notice to discuss their situation.
Private Debt Collection
The IRS did not forward new delinquent accounts to Private Collection Agencies (PCAs) from April 1 through July 15, 2020, and PCA interaction with taxpayers was limited to inbound telephone calls unless requested by a taxpayer in a voicemail or correspondence.
Taxpayers who had their PCA payments on hold should resume payments by July 15. The IRS encourages taxpayers to work with their assigned PCA to establish a new payment arrangement or restructure an existing one based on their current situation.
Taxpayers Who Owe But Can’t Pay
The IRS reminds taxpayers who are experiencing a hardship or who have questions about their payments to call the customer service number provided on their notice but be mindful that wait times could be long. Phone lines remain extremely busy as the IRS resumes operations. Taxpayers also have a variety of options through IRS.gov/payments to make one time or recurring payments without having to contact the IRS.

The IRS Online Payment Agreement system lets you apply and receive approval for a payment plan to pay off your balance over time.