Jorge L Banos PA

In 2021 the maximum Child Tax Credit was at $3,600 per child, for tax year 2022 and moving forward to 2025, the maximum credit is lowered to $2,000! #2023

A little food for thought!

Make more than $100,000? Your IRS audit risk just doubled!
The Internal Revenue Service is auditing tax returns for the highest-earning taxpayers much more aggressively than it has in the past decade, the agency said in a recent report.

Its 4:30am, the world is asleep but we are grinding for you! #1040 #1120

How likely is a fourth ?
For one, the administration has focused on infrastructure spending to spark economic growth, betting that an investment in roads, trains and other direct investments will help get people back to work and spur the ongoing recovery.
Secondly, have pointed fingers at efforts such as the three rounds of stimulus checks for contributing to inflation. Because Americans had cash in their pockets, they boosted spending on goods such as furniture, cars and electronics. Combine that with the supply-chain crunch, and the result was sharply higher , according to economists.

Why will you soon have to scan your face to access your tax information?

You will still be able to file your tax return the old-fashioned way, with paper documents sent via snail mail. But by this summer, anyone who wants to access records on the IRS website will be required to record a video of their face and send it to a third party, like .me worrymyaccoutanthandlesthat #1984

When should I receive my -2?
W-2’s are due to be mailed no later than Jan. 31. According to the , a 2015 law made it a permanent requirement that employers file copies of their Form W-2, and Statements, and Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration by Jan. 31.

Thank you and You have no I idea how much I needed this today!

Did send you one of these? The law changes all the time, new changes are coming this year. Do you own a poshmark online store or an store? New tax law will increase your reporting requirements. We can help!

filing season kicks off today. Here’s how to get a faster
One of the easiest ways to avoid refund delays is double-checking your return, experts say.

“Half of the problems are from not providing accurate information,” said Eric Pierre, an Austin, Texas-based certified public accountant, owner of Pierre Accounting and co-host of the Huddle podcast. “The is a hot mess, but you’re not helping yourself with errors.”