H & S Tax Services

01/29/2022

Greetings!!!!!!!! Tax Season is here and H&S Tax Services is prepared.

Do you need amendments for past tax years?
Haven't filed your taxes in a few years due to unemployment or underemployment or COVID-19?
Do you need to provide additional information to the IRS for past tax preparer errors?

Then, H&S Tax Services is here to assist you with those and a myriad of other tax related questions and/or issues!

H&S Tax Services has serviced communities for over 30 years and prides itself on keeping abreast of changes in IRS Tax Law.

Inox us here on FB H & S Tax Services, [email protected] or call 347-678-9664 and ask for Bill Scott.

Looking forward to assisting your tax filing needs.

01/28/2021

FYI

03/21/2020

********TAX FILING DEAD LINE EXTENDED UNTIL JULY 15, 2020******

Gotta shelter in place and still haven't filed your taxes?

Don't worry H & S Tax Services is OPEN and CAN provide our services 100% REMOTELY.

To learn more, contact us today @ [email protected] or call 347-678-9664 and ask to speak with William.

Remember, HS Taxes can electronically file taxes in all 50 States.

TELL A FRIEND!

02/13/2019

CLIENTS CLAIMING EARNED INCOME CREDIT

YOUR TAX RETURNS WILL BE RELEASED BEGINNING FEB 27TH!

The IRS issues most refunds in less than 21 days, although some require additional time. You should only call if it has been:

21 days or more since you e-filed
6 weeks or more since you mailed your return, or when "Where's My Refund" tells you to contact the IRS

➡️According to the Protecting Americans from Tax Hikes (PATH) Act, the IRS cannot issue EITC and ACTC refunds before February 15.

➡️The IRS expects the earliest EITC/ACTC related refunds to be available in taxpayer bank accounts or debit cards on February 27, 2019, if these taxpayers chose direct deposit and there are no other issues with their tax return.

01/10/2019

H & S TAXES IS OPEN FOR BUSINESS!!!!

Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.

The filing deadline to submit 2018 tax returns is Monday, April 15, 2019 for most taxpayers. Because of the Patriots’ Day holiday on April 15 in Maine and Massachusetts and the Emancipation Day holiday on April 16 in the District of Columbia, taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file their returns.

Software companies and tax professionals will be accepting and preparing tax returns before Jan. 28 and then will submit the returns when the IRS systems open later this month. The IRS strongly encourages people to file their tax returns electronically to minimize errors and for faster refunds.

With the new Tax Law implemented, there are some changes which may affect you. Below are a few examples:

- Form 1040 has been redesigned for 2018

- Forms 1040A and 1040-EZ no longer available

- Standard deduction amount increased. For 2018, the standard deduction amount has been increased for all filers. The amounts are: • Single or Married filing separately—$12,000. • Married filing jointly or Qualifying widow(er)—$24,000. • Head of household—$18,000.

- Personal exemption suspended. For 2018, you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents.

- Increased child tax credit and additional child tax credit. For 2018, the maximum child tax credit has increased to $2,000 per qualifying child

- New credit for other dependents. If you have a dependent, you may be able to claim the credit for other dependents. The credit is a nonrefundable credit of up to $500 for each eligible dependent who can't be claimed for the child tax credit

With the current partial government shutdown, there will be delays in issuing refunds, but you are expected to file your tax returns and pay any tax liabilities due before April 15, 2019.

For additional information please contact H S TAXES @ 347-678-9664 or email us at [email protected].

09/07/2018

Greetings....if you claim unreimbursed work expenses like Union Dues, Uniforms, Equipment, etc as Deductions on your Income Taxes you will no longer be able to claim them on your 2018 Tax Returns.

Need to discuss some alternatives to losing Deductions?

Contact Us at [email protected]

01/24/2018

IMPORTANT INFORMATION FROM THE IRS REGARDING EITC:

By law the IRS cannot issue refunds before mid-February for tax returns that claim the EITC or the Additional Child Tax Credit (ACTC). The IRS must hold the entire refund — even the portion not associated with EITC or ACTC. This change helps ensure taxpayers receive the refund they deserve and gives the agency more time to detect and prevent errors and fraud.
The IRS expects the earliest EITC/ACTC related refunds to be in taxpayer bank accounts or debit cards starting Feb. 27, 2018, if they chose direct deposit and there are no issues with the tax return.

The IRS and partners nationwide will hold the annual EITC Awareness Day on Friday, Jan. 26 to alert millions of workers who may be missing out on this and other refundable credits. One easy way to support this outreach effort is by participating on the IRS Thunderclap to help promote through social media. For more information on EITC and other refundable credits visit the EITC page on IRS.gov.

01/24/2018

H & S TAXES IS OPEN FOR BUSINESS!!!!

01/24/2018

The Earned Income Tax Credit (EITC) helps working people who don't earn a lot ($53,930 or less for 2017) and meet other eligibility requirements. Because it’s a refundable credit, those who qualify and claim it could pay less federal tax, pay no tax or even get a refund.

EITC can mean up to a $6,318 refund for working families with qualifying children. Actual credit amounts vary based on income, family size and other factors. Workers without a qualifying child with incomes below $20,600 could also be eligible for a smaller credit of up to $510. On average, EITC adds $2,445 to refunds.

To qualify for EITC, an eligible taxpayer must meet basic rules and have earned income from working for someone, being self-employed or running a business or farm. This includes home-based businesses, the sharing economy and employment in the service, construction and agriculture industries. In addition, certain disability payments may qualify as earned income for EITC purposes. The EITC Assistant, available on IRS.gov, can help taxpayers determine eligibility and estimate the amount of their credit.
To get the credit, people must file a tax return, even if they owe no tax and even if they normally aren’t required to file. The fastest and easiest way to do so is by filing electronically.

By law the IRS cannot issue refunds before mid-February for tax returns that claim the EITC or the Additional Child Tax Credit (ACTC). The IRS must hold the entire refund — even the portion not associated with EITC or ACTC. This change helps ensure taxpayers receive the refund they deserve and gives the agency more time to detect and prevent errors and fraud.

03/05/2017

Fyi....

The IRS has compiled a list of a dozen scams that surge at this time of year.

03/03/2017

Loyal Client Testimony:

HS Taxes is open, knowledgeable and ready to serve. Call us today 347-678-9664

Thank you Akeisha Neely for your continued trust and support.

Akeisha Neely with Myra E. G. Scott.
February 18 at 12:19pm ·

Looking for a tax professional that's not going to rob you like Jackson Hewitt or H & R Block? Want to support a black owned business? Let my cousins Bill and Myra E. G. Scott of HS Taxes fulfill both of those needs..