Visionz Accounting Firm

TAX SEASON 2022 …. IRS OPENS JANUARY 23rd, 2023.
GET FREE REFUND QUOTE

It’s that time of the year !!! TAX SEASON 2023

Third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021.

https://www.irs.gov/newsroom/five-things-people-can-find-on-irsgov-besides-tax-filing-info

Five things people can find on IRS.gov — besides tax filing info | Internal Revenue Service Tax Tip 2022-147, September 26, 2022 — Many people know IRS.gov has the latest filing info and tax forms, but they may not be aware that it also has a wide range of other tax-related topics. Here are five things people can find on IRS.gov besides filing info.

Got a corporation?? Paid employees ? Paid yourself ?? Don’t miss out on the ERC .

The ERC is still available for Corporations . Did you pay yourself as an employee or other employees for your business ? Then you may qualify . Consult with a professional Accountant .

You can now check your refund for multiple years on https://www.irs.gov/refunds

www.it

More money you say ??

Yep !!!!! Coming your way ….

State income tax stimulus …
Single filers $250
Married filing joint $500 …

Any financial income can result in a refund ... Don’t get left out !!! Free consultations

https://www.fox5atlanta.com/news/child-tax-credit-white-house-urges-parents-to-file-taxes-to-get-2nd-half-of-payments?utm_campaign=trueanthem&utm_medium=trueanthem&utm_source=facebook

Child Tax Credit: White House urges parents to file taxes to get 2nd half of payments Eligible U.S. families are urged to file their tax returns in 2022 so they can receive the second half of payments from the expanded child tax credit.

BUSINESS FILERS

*** Do not miss the deadline to file your business tax return of March 15th or hike an extension ..

Letters 6419 and 6475
The Internal Revenue Service announced on 12/22/2021 that it will issue information letters
to Advance Child Tax Credit recipients starting in December (Letter 6419) and to recipients
of the third round of the Economic Impact Payments at the end of January (Letter 6475).
Using this information when preparing a tax return can reduce errors and delays in processing.

Have your business filed 1099’s and/or W-2 as yet ? It’s about that time . Call 678-821-5060

If you got a PPP/SBA loan... Please be advised that your tax return need to reflect the business income you reported on the Schedule C and/or SBA website ...

https://amp.theguardian.com/business/2022/jan/02/new-tax-rule-paypal-venmo-cash-app

There’s a new tax rule for US small business owners. What to make of it? | Gene Mark The IRS will look into the digital payment service accounts of small businesses, freelancers and independent contractors

Tax season is approaching … Need some extra MONEY ??? Get a refund loan up to $6000.. now . Call for more information 678-821-5060

Visionz Accounting Firm updated their phone number.

The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for the 2021 tax year only. Taxpayers with CTC information on their tax 2020 tax return will automatically receive advances starting July until December of this year.

FYI … The potential downside for your customer

With all the stimulus payments received this year, taxpayers might not know this advance payment could reduce their tax refund amounts next tax season. Help your customers manage their tax refund.

As an accountant it is my duty to make sure everyone gets their funds ...

Please note.. if you or someone you know homeless, they can go to any tax office and they will file a EIP return and put the funds on a card .