Classie Lady Financial Services, LLC

10/28/2024

01/30/2024

FYI:

The first week of tax season is always like the first day out because we never know what's going to happen.

Systems glitch, forms are no where to be found, clients lined up ready to file, clients missing documents, systems running slow, systems crash.

This is everything that we deal with the first week of tax season and sometimes throughout the entire filing season as laws change and systems have to be updated.

WE just ask for your patience as everything gets worked out as there may be times when you can get an immediate response and then times where it may take 24 hours. We thank you in advance!

Yes we are open and accepting new clients this tax season.

01/29/2024

Today starts the official start date the IRS start accepting returns.

https://calendly.com/classie-ladyfinancial

02/19/2022

Please don’t be alarmed when your refund is less than what you normally receive. Especially if you have taken the Advance Child Tax Credit between July-December 2021. Remember you received half of the credit already.

02/18/2022

2021 is not the year to do your own taxes! Don’t miss out on credits and deductions that you qualify for. Classie Lady Financial Services, LLC is here to help.

01/19/2022

For those that are Brand Ambassadors, did you know you qualify for certain tax deductions? For more information feel free to contact me. Looking forward to speaking with you.

01/01/2022

Proud to announce that I am apart of the Annual Filing Season Program with the IRS. Just know I am confident in my ability to assist many from individuals, small businesses and Self-employed. Next stop to file my documents to officially become an Enrolled Agent. It’s been a rough year but we got this! Thank you to all of my clients for 2021 for working with me to get your taxes prepared and allowing me to complete bookkeeping for your business. Looking forward to servicing you all in 2022.

12/29/2021

Guess what time is approaching fast???? You got it Taxes, Taxes, Taxes and more TAXES!

Be on the lookout for 2 forms from the IRS next month. One is form 6475 this will have the actual amount of stimulus payments you received in 2021. We will need this to double check that you got the amount you qualified for.

The second one is form 6419 and it’s going to tell you what you received in child tax credit from July-Dec 2021. Please keep them for your records and be able to provide to me upon filing. You definitely don’t want to have your funds delayed for months.

12/13/2021

Filing season is quickly. Just a reminder stating January 2022, the IRS will send letter 6419 to provide the total amount of advance Child Tax Credit payments that were disbursed to you during 2021. Please keep this letter regarding your advance Child Tax Credit payments with your tax records.

Be sure to have that letter readily available to ensure you claim the correct amount. As you wouldn’t like your return delayed because of the incorrect amount inputted on your return.

If you have any questions and/or concerns, feel free to contact me.

12/02/2021

2022 Tax Filing Deadlines

January 3rd: First day to file a federal tax return, though the IRS generally will not accept e-file and free file returns until the date below. Even paper based filings won't be processed till later in the month.

January 31st: IRS E-file to go live, allowing submission of electronic tax returns for the vast majority of tax filers. Paper tax returns will begin processing later in mid-February as IRS system updates continue (IRS recommends e-filing for faster refunds).

February 1st: 1099-G forms for reporting Unemployment Compensation and Taxes paid to you for the prior calendar year. Contact your state UI agency if not received by this date.

February 1st: Date by which you should have received a W-2 from employers you worked for during the tax year. If not, contact their HR/Payroll department to resend tax documents.

February 1st: Deadline for 1099 statements (factors in your AGI income) that report non-employee compensation, bank interest, dividends and distributions from a retirement plan. This date is also the deadline for self-employed individuals to file and pay in full their fourth-quarter estimated tax payment.

February 1st: Financial institutions (e.g Vanguard, Fidelity) must mail out 1099-B, 1099-S and 1099-MISC forms by this date. See what these forms are and if you will need one for your return.

March 15th: S Corporation and Partnership tax returns due.

April 15th: Tax Day Last day for filing federal and state income tax returns and extension requests. Extended by the IRS from the normal April 15th date.

April 15th: Deadline for filing state income tax returns (for most states) and extension requests. Last day to make a contribution to a Traditional or Roth IRA, Health Savings Account (HSA), SEP-IRA or 401(k).

April 15th: FBAR (Foreign Bank Account Report) forms due for taxpayers who have signature authority over $10,000 in total in foreign bank accounts in the prior year. Laws enacted last year change the standard FBAR due date to "tax day" (vs June 30th as in years past). No extensions are allowed and forms must be filed electronically.

September 15th: U.S. citizens or resident aliens living abroad must file tax returns and pay any taxes due by this date (or file for a four-month extension).

October 15th: Filing approved extended federal, state and S-Corp/Partnership income tax returns Note: you still need to file for an extension request by April 15th.

Any questions and/or concerns about these deadlines, feel free to contact me.