D & S Tax Service

The IRS is intensifying its efforts to manage the Employee Retention Credit (ERC) program. They’ve sent 28,000 disallowance letters to prevent $5 billion in improper payments and are processing 50,000 valid claims for payment. The IRS is also resuming review of ERC claims filed from September 14, 2023, to January 31, 2024, focusing on both high and low-risk claims. The agency has initiated 460 criminal cases and is working to ensure accurate processing while addressing potential errors.

Read more at: https://nstp.org/article/icymi-irs-moves-forward-with-employee-retention-credit-claims

On January 31, 2024, the House passed the Tax Relief for American Families and Workers Act, which included enhanced Child Tax Credits and business tax breaks. Despite initial support, the Senate's vote failed on August 1, leaving the tax breaks uncertain as Congress adjourns for recess.

Read more at https://nstp.org/article/tax-bill-fails-in-the-senate-%E2%80%93-tax-relief-for-american-families-and-workers-act-

We are pleased to announce that D & S Tax is approved as a Certifying Acceptance Agent (CAA)
by the Internal Revenue Service (IRS). Our CFO, Erica Cooper, MBA, MAED, APM, CAA secured an agreement with the IRS on April 3, 2024, as an approved CAA.

A CAA is a person or an entity (business or organization) who pursuant to a written agreement
with the IRS, is authorized to assist individuals and other foreign persons who do not qualify for
a Social Security Number (SSN) but who still need an Individual Taxpayer Identification
Number (ITIN) to process a Form 1040 and other tax schedules. The CAA facilitates the
application process by reviewing the necessary documents and forwarding completed Forms W-7 to IRS.

Need a notary?

The Corporate Transparency Act requires entities, including small businesses, to report beneficial ownership information to FinCEN. This is separate from financial institutions' requirement to collect similar information under customer due diligence rules. FinCEN and financial institutions collect different types of information for distinct purposes. Entities must provide beneficial ownership details directly to FinCEN if required, and cannot fulfill this obligation by providing it solely to a financial institution. Compliance deadlines vary based on the company's creation or registration date.

Read more at: https://nstp.org/article/beneficial-ownership-information-boi-financial-institutions-vs-fincen-

If you purchased health insurance on the Marketplace, did you know that you may need to file an additional form on your taxes? The is reminding you that if you received advanced payments of the Premium Tax Credit, your return will be rejected if it's missing Form 8962.

Help avoid errors on your return by visiting https://ow.ly/Y4p950QKSbs

: If the IRS says it issued your refund but you haven’t received it, your refund may have been lost, stolen, or misplaced. If this is the case, you can ask the IRS to do a refund trace. Learn more: https://ow.ly/V30150QNOOB

Call or text!
Ask for Erica(Me)!
D & S Tax Service

Working from home and being your own boss gives you the flexibility to keep your work life balance at its best. Protecting your business systems and data from a data breach is an important part of keeping you in business. For Home Office Safety and Security Week, has tips for you to safeguard your data.

Create a Written Information Security plan: www.irs.gov/protectyourclients

The Internal Revenue Service announced that the official start date will be Monday, Jan. 29, 2024, for the nation's 2024 tax season. This is the date when the agency will begin accepting and processing 2023 tax returns.

This the wants to let you know about the variety of accessible products in our Alternative Media Center. Access tax forms and publications with Braille Ready Files to read with a refreshable Braille display or produce high quality embossed hard copies.

Learn more about accessible IRS tax products: https://ow.ly/5yiX50QlWi5.

Hello Everyone!

Please share with others and follow, like, and share our social media business pages :

Facebook:
https://www.facebook.com/mydstax

Instagram:
www.instagram.com/mydstax

Website:
www.mydstax.com

Client Portal:
https://marketingpro.sbtpg.com/mydstax

Client Intake Forms:
https://form.jotform.com/240026673527152

Thanks in advance!

Erica Cooper, MBA, MAED
Chief Financial Officer
D & S Tax Service

Now accepting new clients!
Call or text 901-871-9270.

Going fast can be a lot of fun. When it comes to your tax refund, different factors can affect the timing and how fast you will receive it. The IRS issues most refunds within 21 days, but some returns may take longer to process if there is a possible error, missing information or there is suspected identity theft or fraud. Combining electronic filing and direct deposit is the fastest and easiest way to receive your refund. Get ready for the filing season and learn more about refund expectations.

Learn more: www.irs.gov/refunds

is providing failure-to-pay penalty relief to eligible taxpayers affected by the COVID-19 pandemic to help them meet their tax obligations. Those who already paid their full balance may also benefit from the relief. See: https://ow.ly/bFAE50QkJvo

Keeping well-organized records can make it easier to prepare your tax return this filing season. Accurate records may help you find overlooked credits and deductions or avoid errors that may result in delays that slow your refund. for tax filing season by checking twice for all your documents before you file.

Learn more: www.irs.gov/getready

Tomorrow is the last day for our Holiday Sale! 🎊🎉

D & S TAX SERVICE HOLIDAY SALE!

20% Off All Services:
Business Formation, Tax Filing For Individual, Business, And State Returns, Consultations, Credit Restoration, And Much More….

The Biggest Discounts Of The Year!

December 1-8, 2023

Phone: 901-871-9270

Please share with others!

announces 401(k) limit increases to $23,000 for 2024.

Learn more about this and the rise of other pension limits at: https://ow.ly/Lr9n50Q3gpu

Hello Everyone!

I will be teaching a tax class this year. I will be putting my 23 years of experience on display during this class. If you want to learn the tax business, enhance your tax skills, etc. this class is for you.

D & S Tax Service Presents:
Tax Class
Topics Covered Via Zoom:
- Ethics & Due Diligence
- Tax Forms, Deductions, & Tax Credits
- Filing Status, Dependents, & Exemptions
- Bank Products, Cash Advances, Tax Software
- PTIN Registration with the IRS and so much more
-Cost: $599 Deposit: $250
-Dates: 11/27/23 - 12/01/23
-Time: 6:00PM - 8:00PM
-Instructor:
Erica Cooper, MBA, MAED
Chief Financial Officer, D & S Tax Service
Text: 901-871-9270 to register.

recognizes that individuals experiencing homelessness encounter unique challenges. Help spread this message: people can claim several benefits even if they don't have a permanent address. www.irs.gov

When you authorize a representative to work with the on your behalf, it is important to know what permissions you are giving the representative. Although they may sound similar, there are four different types of third-party authorizations. In this , we go over the four types of authorizations and what to do if you need to revoke an authorization. Learn more at: https://ow.ly/kXhV50POqm1

When you remove physical barriers to your business, you welcome more of the community to your business and get a tax deduction. wants to help spread the word to businesses about Barrier Removal Tax Deduction. It is worth up to $15,000 and may be claimed with the Disabled Access Credit, if the expenses meet the requirements of both sections.

For more information, visit https://ow.ly/t2wN50POqoG

Hello Everyone,

I will be offering 1 on 1 Business Strategy Sessions next week. The cost is $150 for 1 hour. This will allow you to pick my brain about any thing that you would like for me to answer about starting a business or taking your current business to the next level. These sessions are offered to non-profit and for-profit organizations that are established or getting ready to start. Let me know if you would like to book. This will be the best $150 you have ever invested into your business.

Thanks in advance,

Erica Cooper, MBA, MAED
Chief Financial Officer
D & S Tax Service
901-791-4211