TaxWorks Pro, LLC

01/30/2025

These payments, up to $1,400 per individual, are intended for those who missed out on one or more Economic Impact Payments during the COVID-19 pandemic. No action is required from eligible taxpayers; the IRS is distributing these payments automatically via direct deposit or paper check, with most recipients expected to receive them by late January 2025. 

‼️‼️If you did not file a 2021 tax return, you might still be eligible to claim the Recovery Rebate Credit by filing your return by April 15, 2025. This applies even if you had minimal or no income during that year.‼️‼️ rebate credit

01/27/2025

GOFUNDME Donations

01/26/2025

What’s Changing?
The IRS has changed the 1099-K threshold for tax year 2024. Taxpayers and small businesses will receive a Form 1099-K from payment providers (i.e., CASHAPP, PAYPAL, SQUARE, QUICKBOOKS, etc.) for tax year 2024 if they are based in the U.S. and the gross amount of reportable card payments is $5,000 or more.

NOTE - prior to calendar year 2024, the IRS 1099-K threshold applied to merchant accounts based in the U.S. and having $20,000 USD in total gross volume and 200 transactions.

What Does This Mean?
For tax year 2024, you’ll get a Form 1099-K if you are based in the U.S. and the gross amount of reportable card payments is $5,000 or more.

01/24/2025

What’s Changing?
The IRS has changed the 1099-K threshold for tax year 2024. Taxpayers and small businesses will receive a Form 1099-K from payment providers (i.e., CASHAPP, PAYPAL, SQUARE, QUICKBOOKS, etc.) for tax year 2024 if they are based in the U.S. and the gross amount of reportable card payments is $5,000 or more.

NOTE - prior to calendar year 2024, the IRS 1099-K threshold applied to merchant accounts based in the U.S. and having $20,000 USD in total gross volume and 200 transactions.

What Does This Mean?
For tax year 2024, you'll get a Form 1099-K if you are based in the U.S. and the gross amount of reportable card payments is $5,000 or more.

01/21/2025

You can securely upload your tax documents on our website using the link below:

https://form.123formbuilder.com/6344942/file-upload-form

01/20/2025

01/20/2025

Today We Celebrate Dr. Martin Luther King, Jr.

01/20/2025

01/19/2025

Consider joining 10.4 million taxpayers in getting a free Identity Protection Personal Identification Number (IP PIN).
https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin

#1040

01/18/2025

THE COUNTDOWN IS ON!!!! Only 14 Days to Meet the January 31st Deadline! Let us help complete your MANDATORY filings with ease and accuracy!
- We E-file your forms directly with the IRS or SSA
- We print and mail/email forms to your recipients

01/17/2025

Need help with your taxes? We’ve got you covered! Our Services Include:
• Tax Preparation: Accurate filing to maximize deductions
• Tax Planning: Strategies to reduce your tax burden
• Audit Support: Expert guidance during audits
• Small Business Services: Tax solutions for business owners
Let us handle the stress of taxes—contact us today!
#1040