Se7en Streams ONE STOP Taxes-Store #106132

01/15/2025

✨✨Reminder✨✨
Nautical Whimsey is closed through 1/15/25 & Will reopen on Thursday 1/16/25 at 4pm! We are on our family Christmas vacation ❤️ See y’all in a few days!

01/15/2025

03/25/2024

03/25/2024

05/19/2021

The IRS will be doing amended returns on taxes you paid from unemployment. Paper checks and direct deposits will be send to you directly for this amended return. No action is necessary for this amendment via the IRS where some payment started going out May 10 and will continue throughout the summer.

01/12/2021

📣📣📣Tax Tip Tuesday ‼️‼️‼️

"THE LOOK BACK YEAR‼️

DID YOU KNOW🗣🗣🗣NEW TAX CREDITS ARE AVAILABLE THIS YEAR??? ”
👉🏼 This Tax Credit allows you to claim your 2019 AGI so that you are able to Maximize your Tax credits if your AGI was low in 2020.

🗣🗣🗣- Sick & family leave for
Did you know that you can claim a credit for the time you had to take off due to covid for 3 different instances. If you were self employed either solely or with w2 income as well,
So👇🏾👇🏽
IF YOU👇🏽👇🏽👇🏽

1. 👉🏼Had covid yourself and missed work
2.👉🏼 Had to miss work to care for someone with covid
OR
3.👉🏼 Had a child who had to stay home because school went virtual due to covid
Then you can get all your credits this year‼️

You don’t want to file your own taxes and miss out on these extra tax credits that give you more money.
https://www.irs.gov/newsroom/covid-19-related-tax-credits-for-required-paid-leave-provided-by-small-and-midsize-businesses-faqs-0

Also, use your money WISELY and invest in my other services, business in a box, life insurance, business credit, home mortgage loans and hard money loans.(All fees Can be deducted from your refund )💚

Overview of COVID-19-related paid sick and paid family leave tax credits.

01/08/2021

Pre Ack Approvals are solely on the BANK & NOT YOUR TAX PREPARATION OFFICER‼️

01/07/2021

🗣Did you receive unemployment in 2020❓

👉🏼Form 1099G is the tax form you will need in order to file your taxes‼️

👉🏼Failure to report this income will result in your tax return being audit‼️ and delayed 16 weeks or more‼️

01/02/2021

Tax Deductions for Truck Drivers‼️

👉🏼Truck drivers that receive wages reported on a W-2 can no longer deduct items such as mileage and travel on their tax returns. The IRS removed Job-Related Travel Expenses from the individual income tax return for most taxpayers.

☝🏼However,🗣 if you are classified as an 'Independent Contractor' .You must complete a Schedule C to report your income and expenses. The program will automatically generate Schedule SE to figure the amount of self-employment tax you owe based on the income reported.

👉🏼👉🏼Truck drivers who are independent contractors can claim a variety of tax deductions while on the road.

👉🏼👉🏼👉🏼Mileage, daily meal allowances, truck repair (maintenance), overnight hotel expenses, and union dues are some of the tax deductions available. However, local truck drivers typically cannot deduct travel expenses. Claiming these deductions helps lower your tax liability and helps you recoup some of the money spent during the year for travel. from the individual income tax return for most.

12/29/2020

🚨Tax Tip Alert🚨Tax Tip Alert‼️

What’s your filling status???

📍SINGLE
Normally this status is for taxpayers who are unmarried, divorced or legally separated under a divorce or separate maintenance decree governed by state law.

📍Married filing jointly.
If a taxpayer is married, they can file a joint tax return with their spouse. When a spouse passes away, the widowed spouse can usually file a joint return for that year.

📍Married filing separately.
Alternatively, married couples can choose to file separate tax returns. It may result in less tax owed than filing a joint tax return.

📍Head of household.
Unmarried taxpayers may be able file using this status, but special rules apply. For example, the taxpayer must have paid more than half the cost of keeping up a home for themselves and a qualifying person living in the home for half the year. Taxpayers should check the rules to make sure they qualify.

📍Qualifying widow(er) with dependent child. This status may apply to a taxpayer if their spouse died during one of the previous two years and they have a dependent child. Other conditions also apply.

🗣If you are unsure about your filling status take the filling status quiz.

Determine your filing status: Single, Head of Household, Married Filing Jointly, Married Filing Separately or Qualifying Widow(er) with Dependent Child.

12/22/2020

🗣🗣🗣ITS OFFICIAL, THE NEXT STIMULUS HAS OFFICIALLY PASSED!!!

- $600 per adult $1,200 for married/filing jointly‼️

- $600 per child under 17‼️
(College, student, adult don’t qualify)

- Social security & veterans based on income report are eligible ‼️

- Owed child support you will not receive it ‼️

- Unemployment $300 added (on top of normal amount) Starts Dec 27th until at least March 14th 2021‼️This extension is for all forms of unemployment. No retroactive pay

- Families with ITIN numbers are not disqualified if the other spouse has a SSN‼️

- If you didn’t get the first stimulus you can claim it on your 2020 taxes for a credit‼️

- EIDL grants
Live in low income area & income reduction of 30% or more. Gig workers can apply for this as well‼️

- Snap program is getting a four month boost/EBT‼️

- Rental extension until January 31st
Rental assistance available depending on income‼️

- Student loans (I don’t see any further extensions but not sure)

Payments start going out the last week of December 2020‼️

12/05/2020

🗣🗣🗣All self employed individuals can file as early as Jan 2 with up to a 6000 cash advance‼️
💚💚💚