Marques Demps Tax & Professional Services LLC

05/02/2026

TV Raffle Live Soon

04/30/2026

Finishing some last minute things up for the TV Raffle/Referrals. Raffle will be tomorrow 5/1 at 7pm Live. Thanks Everyone 🥰

04/15/2026

The April 15 tax filing deadline has arrived. Do you still need to pay your federal tax bill? The offers multiple easy payment options.

Head on over to www.irs.gov/payments

04/15/2026

Demps Tax is finishing up a 50 client contract for our seniors with an area non profit organization. We are still accepting clients however any received after 4/14 are not guaranteed to be completed by the 4/15 deadline so if you are a last minute filer and needing completion by 4/15 you may need to consult another tax preparer. Sorry for any inconvenience. Demps Tax will be working on referrals this weekend and will be reaching out accordingly. The TV raffle will be on 4/30 via Live! Thanks for a WONDERFUL Tax Season!

04/09/2026

That part

I paid more in taxes the year I was a W2 employee making $60,000 than some of my clients did the year they made $400,000.

That's not a glitch in the system. That's the system working exactly as designed.

Here's what took me years of studying tax law as a CFP® to fully understand.

The top 1% of earners pay an average effective federal tax rate of around 26%.

But when you look at true economic income including unrealized gains, borrowed capital, and asset appreciation, researchers at the Office of Tax Analysis estimated their effective rate drops closer to 8%.

That gap isn't fraud. It's structure.

W2 employees operate in the most tax-inefficient vehicle that exists. Income hits the account, taxes come out immediately at ordinary rates that can reach 37%, and you invest whatever's left. The government goes first every single time and you have almost zero control over the timing.

Asset owners live in a completely different tax universe.

A stock portfolio that doubles in value generates zero tax until you sell. Real estate cash flows while depreciation offsets the income it produces.

The IRS actually lets you deduct a building losing value on paper while it gains value in reality. That's not a loophole. That's Section 168 of the tax code working exactly as Congress intended.

Then when wealthy people need liquidity they borrow against their assets instead of selling. A loan isn't income. So there's no tax event. This is how someone can have a $50 million net worth and report almost no taxable income in a given year.

When they do eventually sell they pay long term capital gains rates capped at 20% compared to ordinary income rates hitting 37%.

The difference between the wealthy and everyone else isn't just how much they make. It's that they understand the tax code rewards ownership over employment and they built their entire financial life around that single insight.

Most people were never taught that distinction. And it's costing them every single April.

02/18/2026

📣 Path Act has lifted what is the next step❓❓

* Disclaimer before we continue‼ - If we did not prepare your taxes 🛑 please reach out to your tax preparer for all questions, if you self prepared we hope Turbo n Nem can assist you🤷🏽‍♀️

- A few people will start seeing dates as early as today depending on your cycle code on your Transcript and a few later in the week will get dates📆 A big batch may see a date on Saturday morning 🙏

- Some returns will be pulled for ID verify
- Some returns will be put on a 60 day hold so that the IRS can catch up.
-Some files will be resequenced
- Some will be adjusted or offset for student loans, child support, unemployment, state debt, FRAUD 🤷🏾‍♀️

THOSE REASONS LISTED ABOVE HAS NOTHING TO DO WITH YOUR TAX PREPARER AND THEY CANT DO ANYTHING ABOUT IT‼🤦🏽‍♀️ WELL MAYBE AMEND THE FRAUD IF THEY HAVEN'T GHOST YOU 😱

If your reviewing your transcript and you see code
846 This Is Refund Issued
472 Audit
570 Hold or Resequence
810 Refund Freeze

-Now what are some reasons there would be a hold or Audit❓

* Failure to report all income, this may be leaving off w2s, Unemployment, 1099s. Filing with the last checkstub which did not match the w2 when it came in.😭
*You wanted the hook up and those numbers played with 💵
*Them kids you been carrying they mama decided she was getting all the money this year and paper filed her return on you 😆

Good luck‼

01/26/2026

These advances are advancing! What a great start to the tax season! Marques Demps Tax & Professional Services LLC is offering advances until these refunds drop up to 7k. Get your quote now!

01/25/2026

🥳The IRS official opening date is tomorrow Jan 26 2026 here are some important numbers ⬇️

IMPORTANT IRS PHONE NUMBERS ⤵️

📞 IRS General Line
800-829-1040
For general questions, refund status issues, and account updates

📞 ID Protection PIN (IP PIN)
800-908-4490
Lost or need your yearly IP PIN? Call here

📞 IRS Transcript Line
800-908-9946
Get a summary of your past tax returns and income info

📞 Taxpayer Advocate Service
877-777-4778
If you’re stuck, delayed, or dealing with unresolved IRS issues

📞 Treasury Offset Program
800-304-3107
Check if your refund will be taken for child support, student loans, or other debts

01/09/2026

🚨🚨

The IRS may take your tax return or a portion of it for the following reasons:

📍Past due Tax Debt (federal and/or state)
📍Unpaid Child Support
📍Unpaid Spousal Support
📍Owing the Department of Motor Vehicles
📍Unpaid Tuition owed to a college/university
📍Defaulted Student Loans
📍Unpaid Unemployment Debt

Call 800-304-3107 BEFORE filing your taxes.
You must be ready to enter your social security number!

Check both state and federal.
They will provide the agency you owe and the amount! Call that agency and see if there is a payment arrangement available so that your tax refund won't be affected.

01/07/2026

🚨 If you have submitted your info in the app and haven’t heard from me sometimes I have to manually pull the info so please contact me!