L & V Services - Income Tax

FILE YOUR TAXES TODAY!!

Hablamos Español
☎️956-532-4792☎️

❗WHAT YOU NEED TO FILE?❗

🟢VALID UNEXPIRED IDENTIFICATION
🟡 Social Security (Taxpayer & Dependents)
🟣Birthcertificate (Taxpayer & Dependents)
🔻Following is needed to claim HOH🔻
🔹️School letter (Dependents)
🔹️ Doctor letter (Dependents)
🔹️Rent or mortgage
🔹️Utility Bills

🔶️W2, 1099-NEC ❗
🔶️Proof of self-employed❗
🔶️Daycare or Caregiver information❗
🔶️1099-G Unemployment ❗
🔶️1098-T College Students ❗
🔶️1095-A Marketplace Insurance ❗

🚩Supporting Business Documents🚩
❗SELF-EMPLOYED❗

🔵Purchases, sales, payroll, and other transactions you have in your business will generate supporting documents.
🟡Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks.
⚠️These documents contain the information you need to record in your books. It is important to keep these documents because they support the entries in your books and on your tax return. ⚠️
❗ You should keep them in an orderly fashion and in a safe place.
🔹️For instance, organize them by year and type of income or expense.

⭕The following are some of the types of records you should keep:

🚩Gross receipts are the income you receive from your business
🚩You should keep supporting documents that show the amounts and sources of your gross receipts.
▪️ Documents for gross receipts include the following:
🔸️Cash register tapes
🔹️Deposit information (cash and credit sales)
🔸️Receipt books
🔹️Invoices
🔺️Forms 1099-MISC


🚩Expenses are the costs you incur (other than purchases) to carry on your business.
⚠️Your supporting documents should identify the payee, the amount paid, proof of payment, the date incurred, and include a description of the item purchased or service received that shows the amount was for a business expense. ⚠️
🚩Documents for expenses include the following:
🔴Canceled checks or other documents reflecting proof of payment/electronic funds transferred
🔵Cash register tape receipts
🟡Account statements
🟣Credit card receipts and statements
🟢Invoices
🚩Note: A combination of supporting documents may be needed to substantiate all elements of the expense.

Be prepared & organized!!

☎️ 956-532-4792 ☎️

Edinburg & all of the RGV/Texas!!

🙏

FILE YOUR TAXES TODAY!!

Hablamos Español
☎️956-532-4792☎️

❗WHAT YOU NEED TO FILE?❗

🟢VALID UNEXPIRED IDENTIFICATION
🟡 Social Security (Taxpayer & Dependents)
🟣Birthcertificate (Taxpayer & Dependents)
🔻Following is needed to claim HOH🔻
🔹️School letter (Dependents)
🔹️ Doctor letter (Dependents)
🔹️Rent or mortgage
🔹️Utility Bills

🔶️W2, 1099-NEC ❗
🔶️Proof of self-employed❗
🔶️Daycare or Caregiver information❗
🔶️1099-G Unemployment ❗
🔶️1098-T College Students ❗
🔶️1095-A Marketplace Insurance ❗
🔶️Letter 1444 Stimulus ❗
🔶️Letter 6419 CTC ❗

🚨SELF-EMPLOYED🚨

🟢 SI USTED FALTO AL TRABAJO POR CUIDADOS RELACIONADOS AL CORONAVIRUS, PUEDE RECIBIR UN CREDITO, SOLO PARA LAS PERSONAS QUE TRABAJAN POR SU PROPIA CUENTA!! ‼️

⚠️ Did you miss out from working due to Covid related care you needed personally or to another❓
⚠️ Were you unable to work due to Covid related care to a Son/Daughter ❓

Call us today! 📞
Hablamos español!✅
☎️ 956-532-4792 - EDINBURG (RGV)

‼️ CTC Advance payments WILL BE DEDUCTED from your refund this coming year! If you received the advance JULY-DEC, in the amounts of $250-$300 PER QUALIFYING CHILD, you must report the full amount on your Tax Return. ‼️

❌CTC ADVANCE is NOT a STIMULUS!❌

What is the amount of the Child Tax Credit for 2021?

🚩$3,600 for children ages 5 and under at the end of 2021; and

🚩$3,000 for children ages 6 through 17 at the end of 2021.

‼️ The tax year 2022 maximum Earned Income Tax Credit amount is $6,935 for qualifying taxpayers who have three or more qualifying children, up from $6,728 for tax year 2021. ‼️

***The revenue procedure contains a table providing maximum EITC amount for other categories, income thresholds and phase-outs.

The tax items for tax year 2022 of greatest interest to most taxpayers include the following dollar amounts:

🔴The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year.
🔵For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400.
🟠For heads of households, the standard deduction will be $19,400 for tax year 2022, up $600.

🍁🙏🏼🍁 Happy Thanksgiving! 🍁🙏🏼🍁

…May all the good things of life be yours throughout the coming year! 🙏🏼

🙏🏼💔🙏🏼

Use this tool to:
‼️🔷UPDATE BANK ACCOUNT INFO🔷‼️

🚫❌OPT-OUT❌🚫

You must:
🟢CREATE AN ACCOUNT🟢
(VERIFY YOUR IDENTITY)✅

The IRS wants to remind you the importance of filing an accurate tax return. Making an error on your return will likely take longer for the IRS to process it. This could delay a refund. You can avoid making common errors by filing electronically. ✅
We are here to assist you!!! 👐
956-532-4792 📞

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How Will You Know If You're Eligible For a $1400 Stimulus Check? The next coronavirus relief package could get passed by lawmakers at any moment, that's why it's important to figure out if your one of those who's eligible for the next stimulus of $1,400 dollars.

❗️Recovery Rebate Credit❗️
1st: $1,200 per qualifying taxpayer $500 per qualifying dep.
2nd: $600 per qualifying individual

Go to the IRS.Gov website & stay informed! ✅

Wishing our lovely clients, family & friends, a HAPPY & very BLESSED, NEW YEAR!!!! ♥️🙏 #2021 🎉

See you soon!! 🙌🏼🙏

W2 ✅
1099 ✅
Self-employment ✅
(Advances)✅

📍Edinburg, TX📍

‼️& Surrounding areas in the RGV‼️

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🔹1099 ✅
🔸Self-employed ✅
🔻Business ✅
🔴E-File ✅
🔵Refund Advances ✅
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& All states!! ✅
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📍Edinburg, TX📍

‼️& Surrounding areas in the RGV‼️

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