Pebbles FAST TAX

07/20/2024

We spend a lot of time working and it is important to know that in "due season" it will work out for our good. I just read this on another post and had to share so that those who need a litte encouragement might get this word.

01/05/2022

IT IS OFFICIAL. Our first tax loan processed today so I know it is TAX SEASON. Tax loan up to 6000 so get ready, get set, get your documents and let's do this season right. Tax time is here!!

06/23/2021

I have been receiving calls about the Child Tax Credit that will be issued next month. Please be aware that this is an advance on your next year's taxes and will be repaid back when you file next year. Based on the calls I have been receiving many of you already have the letter. You will need to "opt out" if you do not want this money. If you do nothing, the checks will start. See message below for a clearer explanation of this tax advance.
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Earlier this month, the IRS began sending letters to more than 36 million families who may qualify for monthly Child Tax Credit advance payments. The IRS determines eligibility based on information provided on the 2020 federal tax return (or information from the 2019 tax return if a 2020 tax return has not been filed when the payments begin). Payments are scheduled to be begin on July 15, 2021. Subsequent payments are scheduled for August 13, September 15, October 15, November 15 and December 15.

The advance CTC payments will equal half of the total estimated CTC that the taxpayer will claim on their 2021 tax return. The payment amount is determined for each qualifying child as $300 per month for children under age 6 and $250 per month for children ages 6 to 17. Because the payments are advance payments of the taxpayer's CTC for 2021, the amounts received will be reported on the 2021 federal tax return and will reduce the remainder of CTC the taxpayer will receive when they file their return.

04/26/2021

This is the reason some of the reasons you might not have your refund. This is from an article from USA Today on Saturday. Just be assured that you are not the only person waiting on tax refund. According to the IRS there are more than 3 million people waiting on their refunds.
********************PUBLIC ANNOUNCEMENT****************
The IRS received 100.9 million returns through April 9, down 3% from the year-ago timeframe. It processed 91.15 million individual tax returns through April 9, down 6.8% from a year ago.
At the same time, roughly 9.5 million fewer federal income tax refunds were issued through April 9 — a 12.3% decline — compared with the same time last year, according to IRS statistics. Through April 9, the agency hadissued 67.7 million income tax refunds — averaging $2,888.
Real-life challenges at the IRS include dealing with a COVID-19 related backlog of returns from 2019.
As of April 9, the IRS said it had yet to complete 1.5 million individual tax returns received last year but the IRS said those returns are in the “processing pipeline.”
"We are processing returns received over the summer and fall in 2020 due to the extended July 15, 2020, tax filing due date," the IRS said.

01/17/2021

The IRS has announced this year's seasoning open date. The IRS will begin accepting electronic taxes on February 12th. We are OPEN and electronically transmitting taxes to the IRS. As we consider the safety of our clients and staff; we are preparing taxes by 3 options but all of them need an appointment.
**Face to Face*
**Teletax (we give you an appointment and call at the designated time.
**Drop off information needed to prepare you taxes.
SPECIAL NOTICE--Completed tax returns will activate any stimulus funds not received yet.
2021 WE ARE READY!!

04/20/2020

Just another message to not only thank all of you who are being patient during this crisis but also asking those of you who are not getting answers to understand that you are not alone. All of us are riding this one out together. My answers do not come from the federal government so my advice would be to "look to the hills"; help is on the way.

Several million people who filed their taxes via H&R Block, TurboTax and other popular services were unable to get their payments. Some parents reported they didn’t get the $500 promised for their dependent children.

04/20/2020

Just want to update the information posted from last week. So many people are calling but there is nothing we can do but wait for the IRS. No need in trying to compare your situation with a friend's. The problem will eventually be corrected but in the meantime, please just read and be patient. How I wish we could just make sure all of our filers get their stimulus money first!!

Tax professionals say the IRS may have sent coronavirus stimulus checks to an intermediary bank account set up if you got a tax return advance.