JTPS- Jackson Tax Preparation Services

How does health insurance affect my tax return?

Obtaining Health Insurance through the Marketplace could be beneficial in the area of tax credits and could help reduce out of pocket costs throughout the year.

Make sure to speak with your tax professional so that you don't miss out on this tax benefit.

So thankful for my clients taking the time to provide customer feedback of my service to them!

Another satisfied customer review!!

Small Business Tax Tips: Maximize Deductions while maintaining compliance.

JACKSON TAX PREPARATION SERVICES on Google Small Business Tax Tips: Maximize Deductions and Stay Compliant Running a small business presents various challenges, including navigating the intricacies of taxes. By employing effective tax strategies, small businesses can minimize liabilities and maximize deductions. Jackson Tax Preparation Servi...

You may send estimated tax payments with Form 1040-ES by mail, or you can pay online, by phone or from your mobile device using the IRS2Go app. You can also make your estimated tax payments through your online account, where you can see your payment history and other tax records. Go to IRS.gov/account.
Using the Electronic Federal Tax Payment System (EFTPS) is the easiest way for individuals as well as businesses to pay federal taxes.

I consider myself a tax strategist specializing in strategies which can help you save money on your taxes while remaining in compliance with tax laws.

I provide virtual tax services nationwide. Check out the link in my bio to see what my clients have to say about the services that I offer, and then book that consultation!

I look forward to the opportunity to work with you!

HOW YOUR TAXES COULD IMPACT YOUR HOMEBUYING CHANCES:

Writing off expenses can do wonders for your tax return. By subtracting your expenses from your gross income, you show a lower net income, thereby reducing your tax liability. But be careful because it could be costly when applying for a mortgage loan.

The relationship between your total income and liabilities is extremely important for lenders when determining whether or not to make your mortgage loan. If you showed a high income one year and low income another year, the lower income tax returns would bring down your average income.

So showing less income to offset a housing payment can be tricky when seeking home loan financing. It then gets even trickier for self-employed individuals, because mortgage lenders use a 24-month averaged income.

A Paycheck Checkup can help you see if you're withholding the right amount of tax from your paycheck.

Be sure to check your withholdings annually and when life changes occur, such as marriage, childbirth, adoption and buying a home.

A tool that can be helpful to estimate federal taxes being withheld is the IRS Tax Withholding Estimator.

https://www.irs.gov/individuals/tax-withholding-estimator

Business owners don't always understand how to categorize expenses properly. To be deductible, a business expense must be both ordinary and necessary.

An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business.

JACKSON TAX PREPARATION SERVICES on Google Maximize Your Tax Benefits through Tax Planning with Jackson Tax Preparation Services Tax planning is a strategic approach to minimize tax liability and maximize potential benefits. While tax preparation is crucial for accurately filing tax returns, it is tax planning that allows individuals and bus...

May we take the time to remember and honor those who paid the ultimate price with their life while serving this country! Salute!

I appreciate each and every one of my clients. They make it easy and pleasurable to serve them💛

Working Multiple Jobs??
Make sure that you make adjustments to your W4 form to ensure you don't end up underpaying on your taxes at the end of the year!

To all of the beautiful and courageous mothers!
We celebrate you not only today but everyday!

If you still need to file your taxes! I will be available again on 5/22!! Taking a little time off! To get started you can upload documents through the secure app portal below!😊

https://taxestogo.com/App/Download/7163

Client DDD dates are still dropping!

Google Client Testimonials!!

In Texas, a qualifying new veteran-owned business is not subject to franchise tax for its initial five-year period, but must file Form 05-163, Texas Franchise Tax No Tax Due Report (PDF), for each of those years.

https://comptroller.texas.gov/taxes/franchise/veteran-business.php #:~:text=A%20qualifying%20new%20veteran%2Downed%20business%20is%20not%20subject%20to,for%20each%20of%20those%20years.

If you are a Georgia resident, part- time resident or non- resident and filed taxes for the 2021 and 2022 tax year, you may be eligible to receive a refund from the State of Georgia Surplus! Payments will start going out in May 2023!!
Click this link to see requirements!

Georgia Surplus Tax Refund You may be eligible for the 2022 Surplus Tax Refund

If you are a veteran and were honorably discharged from service and want to form your LLC in Texas, you can for free! Forming your LLC will provide you with some good tax benefits at the end of the year for business expenses!!

https://www.sos.state.tx.us/corp/veterans.shtml

Business Information for Veterans In accordance with Senate Bill (SB) 1049, effective January 1, 2016, a new Veteran-Owned Business that is formed in Texas between January 1, 2016 and January 1, 2020, may be eligible for an exemption from certain filing fees and the Texas franchise tax for the first five years of operation.

Final curtain call for tax filing! If you haven't gotten your tax information to me by this time, you will need to file an extension. I will still be available to work with clients that need to file. Please note, I will take some time off to recharge and rest! I will resume services late May!!

If you need to file an extension. It's quick and easy! I have helped a few of my clients with this and they didn't have any issues.

File a Free Extension by April 18, 2023: Fill Out, File Online Now Federal IRS Tax Extension For Tax Year 2022: e-File Free By Tax Day, April 18, 2023. Avoid Potential Late Filing Penalties: e-File Form 4868 Now.

I just received a phone call from a returning client thanking me for being thorough and performing due diligence on his tax return. He stated that he received his refund quickly and he credits my work of preparing an accurate return for him. He also stated that it was important for him to to call and thank me for providing outstanding service. What a way to start my day!

This is definitely a "Good" challenge to have!! Gotta love my last minute filers🤣
Today at 6 PM is final cutoff to get documents in. Y'all pray for my strength, okay!🤣

If you're looking to file with me, you will have until Friday to get all documents in. I want to ensure that I take care of each client and get all tax returns submitted to the IRS before the April 18th deadline.
If you need assistance contact me at
📱 469-571-8860
If you have your documents ready, upload them
to the app
https://taxestogo.com/App/Download/7163

Jackson Tax & Prep Service | Referral Download Jackson Tax & Prep Service Mobile App Referral Download