Different Dollar Consultants&Co.

Weekend Tax Tip!💡

Know your financial jargon. Understand financial terms, ratios, and indicators to confidently discuss and make informed decisions about your finances and investments. Continuous learning enhances financial literacy. 📊

Learn More!
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Are you ready to elevate your career to the next level?

Join our team of tax professionals!

✔️Earn $50K and up in 4 months.
✔️Work at your own schedule
✔️Work from anywhere
✔️Opportunity to invest

JOIN NOW! Limited slots are available.
📱832-305-6869, please send us a DM or email us
@ [email protected]

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Are you ready to elevate your career to the next level?

Join our team of tax professionals!
✔️Earn $50K and up in 4 months.
✔️Work at your own schedule
✔️Work from anywhere
✔️Opportunity to invest

JOIN NOW!
📱832-305-6869, please send us a DM or email us
@ [email protected]

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If you use part of your home 🏠regularly and exclusively for business-related activity, the IRS lets you write off associated rent, utilities, real estate taxes, repairs, maintenance and other related expenses. 🤩🔥

Stay informed and plan wisely! 🔥
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A "tax year" is an annual accounting period for keeping records and reporting income and expenses. The tax years you can use are:

✅Calendar year – 12 consecutive months beginning January 1 and ending December 31.
✅Fiscal year – 12 consecutive months ending on the last day of any month except December.

Stay informed and plan wisely!
📱832-305-6869 or email us
@ [email protected]

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Charitable Contribution Series ( #4)👩‍🏫

Did you know 💡 that a nonprofit volunteer fire company 🔥 is a qualified organization and charitable contributions made to them are tax deductible.💖
Keep yourself updated and plan wisely!
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@ [email protected]

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"We bend so we don't break" -- Leo Thomas

Beneficial Ownership Information (BOI) Reporting is a mandatory Federal Reporting Requirement for Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Non-compliance will result in penalties of $591 per day.

Our highly skilled team is fully committed to expertly managing this process for you. Contact us now to ensure precise and meticulous handling of your reporting requirements.
📱832-305-6869 or email us
@ [email protected]

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ABLE accounts, short for Achieving a Better Life Experience, offer families of disabled young people the opportunity to save money for their care while receiving special tax benefits.🔓♿

For the year 2024, any individual can contribute up to $18,000 💡

Please note that contributions to an ABLE account are not tax-deductible. However, all investment earnings within the account are not subject to taxes as long as the withdrawn funds are used for "qualified disability expenses." 🔓

"Unlock the potential tax benefits and make the most out of the upcoming tax season. Let's dive in and maximize your advantages!"
📱832-305-6869 or email us
@ [email protected]

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Charitable Contribution Series ( #3)👩‍🏫

Please take note that a Charitable Contribution can only be a tax-deductible contribution if it was given to a qualified organization.

To determine if the organization that you contributed to qualifies as a charitable organization for income tax deduction purposes, refer to https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations

Stay informed and maximize your benefits during the upcoming tax season. Learn more.
📱832-305-6869 or email us
@ [email protected]

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“Talent wins games, but teamwork and intelligence win championships.” —Michael Jordan

TAX FILING TIP OF THE DAY💡

Keep up with the changes in tax laws. Remember, staying informed benefits you financially and ensures compliance with tax laws and regulations.

Take control of your future and avoid unnecessary stress! ‼
Get in touch with us to learn more.
📱832-305-6869 or email us
@ [email protected]

Happy Black Business Month! 🎉

We celebrate with all the black-owned businesses across the nation for their continual striving for diversity and equality. Cheers! 🥂

📢REMINDER: AUGUST 31, 2024 DEALINE🔔

Anyone registering a heavy highway motor vehicle 🚒 in their name with a taxable gross weight of 55,000 pounds or more must file Form 2290 and pay the tax.
Vehicles used for 5,000 miles or less (7,500 for farm vehicles) 🚛are required to file a return but are excluded from paying the tax.

Stay up to date and be proactive.
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@ [email protected]

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💡 DID YOU KNOW?

Adoption benefits include a tax credit for qualified adoption expenses paid to adopt an eligible child 👶 and an exclusion from income for employer-provided adoption assistance. The credit is nonrefundable, which means it's limited to your tax liability for the year. However, any credit above your tax liability may be carried forward for up to five years. 🤑

💰 Don't miss this valuable tax deduction 💰 Get ready to secure the maximum tax refund this upcoming tax season.
📱832-305-6869 or email us
@ [email protected]

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Tax season is just 5 months away! 📆 Take action. Update your filing status now!

If employed, visit your Human Resources department and update your W4 withholdings. Make sure they adjust your withholdings to avoid any surprises during tax time. Remember, having dependents does NOT automatically qualify you for tax credits.

Take charge now and save yourself the hassle later! 📝
📱832-305-6869 or email us
@ [email protected]

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Charitable Contribution Series ( #2)👩‍🏫

If I give gifts to an individual, is it tax deductible as a charitable deduction?

Gifts to individuals are not deductible. 😲 Only qualified organizations are eligible to receive tax-deductible contributions.

Stay informed and maximize your benefits during the upcoming tax season. Learn more.
📱832-305-6869 or email us
@ [email protected]
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A Blessed Sunday!

“Commit to the LORD whatever you do, and your plans will succeed.” Proverbs 16:3

Charitable Contribution Series ( # 1)👩‍🏫

What exactly constitutes a charitable contribution?

A donation or a gift 🎁 to, or for the use of a qualified organization that is voluntary and made without getting or expecting to get substantial benefits in return

Stay up to date and maximize your benefits in the upcoming tax season.
📱832-305-6869 or email us
@ [email protected]

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OnlyFans creator, 🖥️are considered self-employed and subject to self-employment tax. You are required to report your earnings to IRS, and OnlyFans will send you a Form 1099 if you make more than $600 in a year.

Keep this information organized and accessible to streamline the upcoming tax season.
📱832-305-6869 or email us
@ [email protected]
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What is IP PIN?

An Identity Protection PIN (IP PIN) is a six-digit number issued by IRS to eligible taxpayers that prevents someone else from filing a tax return using your Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN). 🛡️😲

The IP PIN is known only to you and the IRS. It helps us verify ✅your identity when you file your electronic or paper tax return. Even though you may not have a filing requirement, an IP PIN still protects your account.

Take immediate action to protect yourself. 🛡️ Secure an Identity Protection PIN (IP PIN) for added security. Stay ahead of the game and be prepared as the upcoming tax season approaches.
📱832-305-6869 or email us
@ [email protected]
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Tuesday TAX TIP!

File Form 1099-MISC for each person to whom you have paid during the year:

1. At least $10 in royalties or broker payments instead of dividends or tax-exempt interest.
2. At least $600 paid to freelancer or contractor.
3 Direct sales of at least $5,000 of consumer products to a buyer for resale

Keep this information organized and accessible to streamline the upcoming tax season.
📱832-305-6869 or email us
@ [email protected]
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wo people are better off than one, for they can help each other succeed.............................Ecclesiastes 4:9