The Profit Suite LLC

🚨 STOP SCROLLING! The IRS may owe YOU money… but the clock is ticking. 💰

Millions of taxpayers could be eligible to recover IRS penalties and interest they paid during the COVID years because of the Kwong v. United States court decision. The IRS is challenging the ruling, but if you think you may qualify, don’t wait.

⏰ Deadline: July 10, 2026

If you were charged late-filing penalties, late-payment penalties, estimated tax penalties, or interest on federal taxes during the COVID disaster period, you may want to file a protective claim to preserve your rights while the courts decide the case. (Taxpayer Advocate Service⁠)

✅ How to file:

• Complete IRS Form 843 – Claim for Refund and Request for Abatement
• Write “Protective Refund Claim Pursuant to Kwong Case” across the top of the form.
• List the tax years involved, explain that your claim is based on the Kwong decision, and identify the penalties and/or interest you are requesting be refunded or abated.
• Mail the completed form to the IRS before July 10, 2026. (Taxpayer Advocate Service⁠)

⚠️ This is NOT an automatic refund. Filing a protective claim simply preserves your right to a refund if taxpayers ultimately prevail in court.

Share this post. Someone you know could miss out on money they may be entitled to simply because they never heard about this.

If you worked overtime or made tips be sure to take your last check stub from the end of 2025 with you to your tax preparer so they can deduct those earnings accordingly. Up to $12.5k if single and up to $25k if married filing joint.

The IRS starts officially accepting returns 1/26 let’s go 🤑

I’m not gone even hold you on this beautiful morning…

It’s officially tax season and here are 5 things from the big beautiful bill that’s gonna help you, me, us (black folks, the middle class and seniors) finally have a bigger refund this year.

🤑Salt and I’m not talking about the seasoning has been increased to $40K originally capped at $10K. This credit means that your property, state payroll taxes & personal property taxes are fully deductible up to $40k. So for all of us who’s property taxes increased and who work this deduction will help you itemize which means you can get a bigger refund.

👶🏽Child tax credit has been increased to $2200 of which $1700 is refundable per child for every child under 17 that you claim on your tax return.

👵🏽Seniors get an additional bonus deduction of $6k.

🚗Bought a new car in 2025? You deduct up to $10K in interest. The vehicle must have had its final assembly in the United States.

🧑‍🧑‍🧒‍🧒And of course, the earned income credit has been increased, which happens annually to:
No qualifying children: $649
1 qualifying child: $4,328
2 qualifying children: $7,152
3 or more qualifying children: $8,046

Looking For A new tax preparer don’t hesitate to call me (773) 669-6118 & follow us for more updates!

~Ana

Tax Season is Upon is in T-30 days! Are you ready??