Eternal Tax And Notary Solutions

As we celebrate Labor Day, we want to take a moment to express our deepest gratitude to you, our wonderful clients. Your trust and collaboration make our work both fulfilling and meaningful. We recognize the hard work you put into your careers and appreciate the opportunity to support you in navigating the complexities of tax season.

Labor Day is a time to honor the dedication and contributions of workers like you, and it serves as a reminder of the collective effort that drives our success. Thank you for your continued partnership and for allowing us to be part of your journey.

Wishing you a relaxing and enjoyable holiday!

Warm regards,
Eternal Tax And Notary Solutions

‼️ATTENTION FOOD TRUCKS

If you are operating a food truck in Birmingham or plan to in the future, don't miss this important meeting on September 16,2024 .

This meeting will prepare you for changes that will take place within the Birmingham District.

Please also share this info with other food truck owners and operators. Our company wants to make sure that every gets the word.

“ We Provide Solutions “
www.eternaltaxandnotary.solutions

‼️Why should taxpayers conducting a trade or business keep records?

Good records will help the taxpayer do the following:

👉🏽Monitor the progress of their business. A taxpayer conducting a business needs good records to monitor the progress of the business. Records can show whether the business is improving, which items are selling, or what changes may need to be made. Good records can increase the likelihood of business success.

👉🏽Identify source and amount of receipts. A taxpayer will receive money or property from many sources. Your records can identify the source of your receipts. You need this information to separate business from non-business receipts and taxable from nontaxable income.

👉🏽Keep track of deductible expenses. A taxpayer is required to deduct the correct amount of expenses, and only the allowable expenses on their tax return. Good records are necessary to record the source and amount of expenses incurred in the business.

👉🏽Prepare tax returns. Taxpayers need good records to prepare tax returns. These records must support the income, expenses, and credits reported.

👉🏽Support items reported on tax returns. Taxpayers must keep business records available at all times for inspection by the IRS. If the IRS examines the tax returns, the taxpayer will be asked to explain the items reported. A complete set of records will speed up the examination.

Are you keeping good records for your business?

Book your appointment with one of our professionals today 👇🏽

www.eternaltaxandnotary.solutions

Are you ready to jumpstart your career in finance and tax preparation?

It is hiring season here at Eternal Tax And Notary Solutions! We are looking for motivated and trustworthy individuals who are wanting to take an Income Tax Course and have the opportunity to prepare tax returns with our office!

This is a 1099 opportunity that offers flexible hours, unlimited pay, and the option to work from home.

If you are interested in working remotely with our company please fill out the form below.

https://docs.google.com/forms/d/e/1FAIpQLSeI6ker0NvZE9y0TSbFg53r6IPu04TC5C3nzCJtQ6LpvfHJHw/viewform?usp=sf_link

We take pride in serving our community with respect, integrity and honesty!

Our staff here at Eternal Tax And Notary Solutions would like to thank everyone for their continued support. We look forward to continuing to provide solutions for our current and future clients.

www.eternaltaxandnotary.solutions
“ We Provide Solutions “
205.325.6940

✅Child and Dependent Care tax credit can help offset summer day camp expenses

👉🏽The Internal Revenue Service today reminded taxpayers that summer day camp expenses may count towards the Child and Dependent Care tax credit.

👉🏽Taxpayers who pay for the care of a child under age 13, or other qualifying person, so they could work or look for work may be able to take the credit for child and dependent care expenses.

👉🏽Taxpayers must have earned income to claim this credit. The credit is calculated based on income and a percentage of expenses incurred for the care of qualifying people to enable taxpayers to work, look for work or attend school.

👉🏽Depending on income, taxpayers can get a credit worth up to 35% of their qualifying childcare expenses. At minimum, it’s 20% of those expenses.

👉🏽For 2024, the maximum eligible expense for this credit is $3,000 for one qualifying person and $6,000 for two or more.

👉🏽Reimbursed expenses, such as from a state social services agency, must first be deducted as work-related expenses used to calculate the amount of the credit. The amount of work-related expenses used to figure the credit generally cannot be more than earned income for the year if single, or the smaller of a spouse’s income, if married.

👉🏽Taxpayers who claim it must list the name and address of the day camp on their return, along with the taxpayer identification number unless an exception applies.

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Learn the essentials of notarization from the comfort of your own home with our Virtual Notary Class.

Get started today 👉🏽 https://eternaltaxandnotary.solutions/shop/ols/products/virtual-notary-class

205.325.6940
“We Provide Solutions”

‼️The Educator Expense Deduction can help offset out-of-pocket classroom costs

📌The Educator Expense Deduction lets eligible teachers and administrators deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren't reimbursed by their employer, a grant or other sources.

‼️Who is an eligible educator

📌The taxpayer must be a kindergarten through grade 12 teacher, instructor, counselor, principal or aide.
📌They must also work at least 900 hours a school year in a school that provides elementary or secondary education as determined under state law.

‼️Things to know about this deduction

📌Educators can deduct up to $300 of certain trade or business expenses that weren't reimbursed. If two married educators are filing a joint return, the limit rises to $600. These taxpayers can't deduct more than $300 each.

📌Qualified expenses are amounts the taxpayer paid themselves during the tax year.

‼️Some of the expenses an educator can deduct include:

📌Professional development course fees.
📌Books and supplies.
📌Computer equipment, including related software and services.
📌Other equipment and materials used in the classroom.
📌COVID-19 protective items to stop the spread of the disease in the classroom.

“ We Provide Solutions “ 205.325.6940

📢 The IRS continues to expand the functionality of its online platforms, including several new features in Individual Online Account that give taxpayers the ability to:
•Retrieve all their tax related information from one source, including Wage & Income, Account, Record of Account, and Return transcripts;

•Request an update to their Identity Protection (IP) PIN using their smartphones or tablets;
View information about the status of their audit at their convenience, instead of having to call the IRS to obtain audit information;

•Use a Lien Payoff Calculator to access lien information, calculate their lien payoff amount and generate a letter for download/print;

•Complete the Pending Installment Agreement process within Online Account without having to be re-routed to a separate application and

•View a comprehensive overview of their account information, including the status of their tax refund as it’s being processed.

With the latest expansion, Business Tax Account is now available in Spanish.

In addition, eligible business taxpayers can see their balance due and make the payment all in one place. Previously, the balance due had to be viewed in a separate place from where the payment was made, adding another complicating step for businesses making payments.

Sole proprietors can now download business entity transcripts from their Business Tax Account. This transcript shows entity information like business name, address, location address and more for the Employer Identification Number on file.

File new amended returns electronically:
Additional business Forms 940, 941, 943 and 945, including the Spanish version of Forms 941 and 943, can now be filed electronically.

Through this improved process, IRS employees can now access taxpayer return information electronically, allowing them to provide more complete and accurate answers to taxpayer questions.

In addition, the IRS can now accept related electronic payments while minimizing errors normally associated with processing paper returns. Taxpayers can still choose to submit a paper version.

Stay updated via email by visiting our website and subscribing to our tax newsletters.

Have a safe an amazing day! 🎆🎇

In honor of Juneteenth our office is closed for today and will reopen on tomorrow during regular business hours.

May everyone have a terrific day! 🤗

Happy Father’s Day from Eternal Tax And Notary Solutions 🎊🎉 May your day be blessed and filled with love! 💙

💐Happy Mother’s Day to all Mothers! May your day be filled with joy, love & laughter.🤗🌹

There is still time to file your tax return! Don’t let the deadline catch you, book your appointment with one of our professionals today!

☎️ 205.325.6940
www.eternaltaxandnotary.solutions

Tired of paying pricy fees for tax preparation? Want to learn how to prepare your own taxes? Join Eternal Tax And Notary Solutions W2 Self Tax Preparation Training. Saturday March 24,2024

Hurry only 20 spots available! First 10 participants can receive $10 off with code “first10”.

W2 Self Tax Preparation Training Get ready to take control of your taxes with our W2 Self Tax Preparation Training. Learn from experts and gain confidence in accurately filing your personal tax return.

Real Estate Agents are you writing off your qualifying expenses?

Hiring a knowledgeable tax professional is important when filing your tax returns.

Professionals Eternal Tax And Notary Solutions help assist taxpayers avoid costly mistakes! Book your appointment today and allow us to assist you with filing your current and/or back tax returns.

Call 205.325.6940 “ We Provide Solutions “

What is the PATH Act?

The Protecting Americans for Tax Hikes (PATH) Act of 2015 was an Obama-era law that expanded or renewed several tax credits for individuals, families and businesses while implementing measures to prevent fraudulent claims for those credits.
If you claim the Earn Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) the IRS put a hold on your refund for a special review to make sure you are reporting these credits correctly.

As a result, the IRS will not issue refunds to taxpayers claiming these credits until after February 14.

Our company knows how important tax refunds are to you and your family, and we are here to assist you. Stay updated by joining our tax family!

Need to file your tax return? Book your appointment today! Call 205.325.6940

“ We Provide Solutions “

“ We Provide Solutions “

🎉 Congratulations to our tax pro on her outstanding performance in tax preparation for the month of January!

Continue to educate and assist your clients with integrity, honesty and knowledge while maximizing their tax return.

To book with this outstanding professional call 205.325.6940 “ We Provide Solutions “

Door Dashers, Uber Drivers, Amozon Flex , etc you all are considered Non Employee (self-Employed) and will receive a 1099-Nec.

Did you know that you are eligible for certain tax write offs like gas, food and more? Allow a professional at Eternal Tax And Notary Solutions to assist you with maximizing your refund!

Call 205.325.6940 to book your appointment today.
“ We Provide Solutions “

YOU HEARD IT HEAR FIRST! 📣

2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers
WASHINGTON —The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.

The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline.

Although the IRS will not officially begin accepting and processing tax returns until Jan. 29, people do not need to wait until then to work on their taxes if they’re using software companies or tax professionals.

Book your appointment with Eternal Tax And Notary Solutions today!

“ We Provide Solutions “

Do this BEFORE you file your tax return……

Call the Tax Offset Number to make sure your tax refund will not be taken due to child support, student loans, taxes owe, etc…

Doing this can help you stay informed! Come see us at Eternal Tax And Notary Solutions and allow a professional to assist you with your tax filing process. “We Provide Solutions“

Give me a call at 205.325.6940

🥳 Happy New Year To you and your family from Eternal Tax And Notary Solutions be safe and drink responsibly. 🎊✨🥂💜

Merry Christmas to all 🤗🎁

May you find joy in the blessings that we receive each day! ❤️

Congratulations 🎊

Please help us congratulate those who successfully completed Tax preparation training to accurately assist their clients!

Book your appointment with one of these professionals by visiting the link below 👇🏽
www.eternaltaxandnotary.solutions

Are you an educator who paid out of pocket expenses? Don’t miss this deduction, hire a professional!

✅Educator Expense Tax Deduction

✅ Who's eligible for teacher tax deductions?
- Teacher
- Classroom instructor
- School counselor
- School principal
- Classroom aide

✅Classroom supplies that fit the tax
deduction include:
- Books and educational textbooks
- Professional development courses
- Instructional supplies (pens, paper, crafts, etc.)
- Industry-specific equipment
- Computer equipment & software

205.325.6940
” We Provide Solutions “