CPR Tax Service

I will be offering cash advances January 2 !

Contact 1-800-304-3107 to check if your upcoming tax refund may be offset. Refund offsets can occur for debts such as state payments, student loans, child support, and other obligations.

Please note, this number will not provide information on any IRS debts. If you owe the IRS, you will receive a letter directly from them with instructions on how to proceed.

CPR TAX Services is here to assist you with your tax and financial needs!

📌📌 Self Employed Individuals 📌📌📌

The IRS rules state anyone making income in a business/ side hustle/gig work and makes $400 in income MUST report the income on their tax return.

Misconceptions :

🚫I started the business, and we/I ain’t make no money (aka no profit), so I didn’t file

🚫I didn’t make any money. I only spent money to get it started. (Only expenses)

🚫If I am cash-based and do not receive a tax form or 1099, I do not need to report the income.

🚫I don’t have an EIN, so I don’t have to file my business income.

🚫I can open a business, get an LLC, and write off all my expenses because I don’t withhold enough taxes on my 9-5 job.
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The facts :

✅ To start a business, you must spend money (formation, articles of organization, websites, etc.). Therefore, you have what the IRS calls “activity,” and any business with activity must report it, even you S-Corp folks.

✅ Your idea of making money is not what the IRS defines. If you have sold a product or service but have expenses that exceed that amount, you must report. You don’t get to decide to file taxes ONLY when you are making “money.” 💰

✅ Cash-based businesses are required to file whether you receive a tax form or not. It’s called revenue less expenses (bookkeeping). You must, by IRS rule, keep a record.

✅ An EIN is not required to file business income; however, it is strongly suggested but not mandatory.

✅ Creating a fake business solely to write off personal expenses, and you do not provide services or products to people to generate income is FRAUD!

There is a BIG reason why you need to hire a professional.

Online software :

❌ Will not answer your questions concerning business formation

❌ will not make sure you are filing the correct forms for your business according to your business tax election with the IRS

❌ will not assist with audit letters, tax resolution, payment plan options

❌ Will not answer questions not directly related to the forms in the system under the “free” packages asking you to upgrade.

❌ will not help you calculate fixed asset value; it will assist you in determining which depreciation method provides the more significant deduction.

❌ Will not offer tax advice for the upcoming year.

❌ Will not help you prepare for retirement by assisting with gross income calculations with receiving SSA and pension income.

CPR TAX SERVICE LLC provides FULL TAX SERVICES to our clients.

If you’re a small business owner who needs help, there's no need to suffer in silence 🤫 we don’t judge.

🌟 Embrace the Journey to Financial Freedom with CPR Tax service 🌟

Are you ready to take control of your financial future and achieve the peace of mind you deserve? At CPR Tax Service, we're dedicated to helping you navigate your tax and financial challenges with confidence and ease.

🔹 Whether you’re a business owner or an individual, our expert team is here to guide you every step of the way.
🔹 Say goodbye to tax stress and hello to financial stability and growth.
🔹 Join our community of motivated individuals committed to making smart financial choices.

Let’s embark on this journey together and turn your financial dreams into reality. 🌟

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“Behind every successful tax return is a dedicated tax preparer."

"File with us for expert guidance and personalized attention that maximizes your savings and minimizes your stress."