WMC TAX Experts
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02/08/2024
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Advance Refunds up to $7,000
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Call Now: 659-977-06219( ALL 50 STATES )
02/08/2024
TAX Filing Deadline for W-2 and 1099 Forms
Taxpayers who paid employees or independent contractors in 2023 are reminded to file all required payment reporting forms by January 31, 2024.
If you operate a business and pay employees, you generally must file a Form W-2 for each employee with the Social Security Administration (SSA) by January 31. You must also send each employee a copy of their W-2
January 31 is also the deadline for 1099 forms if you are required to file 1099-MISC and 1099-NEC forms.
If you are an employee, you should expect to receive your W-2 from your employer soon, if you have not received it already.
Free Tax Audit Included!
New Customer Discount Available
Get up $7,000 Refund Advance
Service All 50 States
CALL NOW:659-977-0621
02/08/2024
Do you need to file every single year?
In almost every case we see, no, you do not need to file every year. The IRS generally wants to see the last seven years of returns on file. But it depends. If the IRS filed for you, you'll want to replace the Substitute for Returns with returns of your own to reduce the balance they assessed. If you're getting refunds and won't owe taxes, you can focus on the last four years only (as the statute of limitations prevents refunds beyond 3-4 years.)
Free Tax Analysis Call Now: 659-977-0621
Do not ask me if I can get you money back!
Yes, I can get anyone money back that EARNED INCOME!
Taxes are based off income! Sometimes you have to pay, sometimes you get PAID!
Self-employed, No Kids, or W2, or SSI !!
The IRS HAS STARTED OFFICIALLY ACCEPTING CLIENTS!
WE ARE BOOKED AND BUSY! WE SERVE ALL STATES!!
Call us today 659-977-0621
IRS Announces Penalty Relief for Millions with Overdue Tax Balances from 2020-2021
During the COVID-19 pandemic, the IRS temporarily halted sending tax due notices to millions of individuals, businesses and organizations. However, penalties for non-payment or late payment continued to accrue on many overdue tax balances. To address this issue, the IRS has announced automatic penalty relief for nearly 5 million taxpayers with overdue taxes from tax year 2020 and/or 2021.
Affected taxpayers do not need to take any action to qualify for this penalty relief, but they should watch their mail for an IRS notice detailing overdue taxes. The penalty waiver will remain in effect only through March 31, 2024, so taxpayers should pay the overdue amount by that date if at all possible. Those who cannot pay the full amount they owe can still reduce future penalties by paying as much of the balance as possible by the March 31 deadline.
This penalty relief program also extends to taxpayers who already paid their overdue 2020 and/or 2021 tax. In most cases, if the balance they paid included penalties now covered by the waiver, they will receive an IRS refund in 2024.
Note that this special penalty waiver applies only for taxpayers with unpaid tax balances of less than $100,00 per tax return. Those who owe a greater amount of overdue tax from 2020-2021 will not receive automatic penalty relief, but may still be able to apply for penalty reductions under existing IRS programs.
Instead of waiting for a mailed notice, taxpayers with online IRS accounts may check those accounts to find their updated balances after the penalty waiver. The IRS has completed these account updates for individual taxpayers, and expects to complete them for businesses by mid-January. Trusts, estates and tax-exempt organizations may not see their online account balances updated until early March.
The IRS began accepting and processing 2023 tax returns on January 29, 2024, marking the official opening of tax filing season. This yearโs tax season will feature the roll out of several improvements to IRS services for taxpayers.
Taxpayers who have filed their returns may use the IRS โWhereโs My Refund?โ tool to check the status of their tax refunds. The newly updated tool now works seamlessly on mobile devices, and will provide clearer and more detailed information than past versions. For example, it will notify taxpayers if the IRS needs more information from them in order to process their returns.
This tax season will also feature several improvements to IRS services. Two key upgrades relate to digital form submission and options for taxpayers to access their IRS account information online.
Enhancements to IRS paperless processing systems include the addition of 20 more tax forms to e-filing platforms, and new ways to respond to IRS letters online. Taxpayers with online IRS accounts will also discover new account features, including options to schedule and cancel future payments, and to securely save bank information for greater convenience.
04/22/2023
๐๐ ๐๐จ๐ฎ ๐๐๐ ๐ ๐๐ซ ๐๐จ๐ซ๐ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐จ๐ฏ๐ข๐, ๐๐จ๐ฎ ๐๐๐ง ๐๐๐ญ ๐๐๐ฐ๐๐ซ๐๐๐ ๐๐ข๐ญ๐ก ๐๐ฉ ๐๐จ $๐๐,๐๐๐ ๐
๐ซ๐จ๐ฆ ๐๐ก๐ ๐๐๐ ๐
๐จ๐ซ ๐๐๐๐ก ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐!
Youโve Probably Heard That Business Owners That Paid Their Employees During Covid Are Eligible For A HUGE Payroll Tax Rebate.
The Problem Is, The Process Takes 6-12 Months To Get Your Rebate Check From The IRS.... And Time Is Money.
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๐ข๐ง๐ ๐๐ฎ๐ญ ๐๐ ๐๐จ๐ฎ ๐๐ฎ๐๐ฅ๐ข๐๐ฒ,
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๐๐'๐ฅ๐ฅ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐จ๐ฎ๐ซ ๐๐๐๐ฎ๐ง๐ ๐๐ฆ๐จ๐ฎ๐ง๐ญ.
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๐๐'๐ฅ๐ฅ ๐
๐ข๐ฅ๐ฅ ๐๐ฎ๐ญ ๐๐ฅ๐ฅ ๐๐ก๐ ๐
๐จ๐ซ๐ฆ๐ฌ.
And The BEST Part Is.....
๐๐ ๐๐จ๐ฎ ๐๐จ๐งโ๐ญ ๐๐๐ญ ๐๐๐ข๐, ๐๐ ๐๐จ๐งโ๐ญ ๐๐๐ญ ๐๐๐ข๐.
So If You Had ๐๐ญ ๐๐๐๐ฌ๐ญ ๐ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ During Covid, Let WMC Tax Experts You ๐
๐ฎ๐ง๐๐๐ ๐๐ง ๐๐ฎ๐ฌ๐ญ 7-10 ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐ฒ๐ฌ!
04/22/2023
STOP STRESSING!!!
I have great ๐ฐ for you. I take care of "Unfiled Back Taxes" as well.
If you are behind on filing and would like to submit these returns today, inbox or send contact information.
04/22/2023
I am here to ensure that clients nationwide avoid these three simple mistakes this tax season.
Just inbox and your one step closure to submitting a complete return.
04/22/2023
Do you need to file your back taxes?!!
Are you unsure of the benefit...
Well the IRS has $1.4 billion in old tax refundsโhere's how to tell if some of
it's yours.
https://apple.news/AtIBTvC-JSN-hQUteWKyjUw
Contact me today for assistance. I am prepared to not only process your current return, but to also submit your back taxes on your behalf.
Inbox or Call 470-519-2190
IRS has $1.4 billion in old tax refunds โ hereโs how to tell if some of itโs yours โ CNBC "We're trying to connect over a million people with their share of $1.4 billion in potentially unclaimed refunds," said IRS Commissioner Charles Rettig.
04/22/2023
Let me try and explain this to you before you become frustrated this tax season:
If you go to a preparer today and they submit your personal taxes to the IRS within 24-72 business hours the IRS status is going to show "Returned Received". This does not mean that your return has been reviewed by and IRS rep yet. In fact I promise you it hasn't... they aren't reviewing until the end of the month so there is no need to call your preparer about this, nor will the IRS speak with you if you call them at this point. Once it goes to the "Refund Approved" status... still don't call your preparer because the IRS has up to 21 business days to process your return. At that point the preparer has nothing to do with your return status nor does the preparer receive any status updates on your return until it has been paid to the taxpayer. We look at the site and enter the information just like you do for a status at that point. Unless you receive letter from the IRS stating that they are withholding your money, there is nothing further for us to do. Also, if you knew you had financial debt that would impact your return amount and you failed to communicate that to your preparer... there is NOTHING we can do to help you if the government takes your check.
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