Simply Taxes

Call to set an appt 708-945-1442 or email at : [email protected]

It’s almost that time… The IRS opens and starts accepting returns 1/27/25

Tax Facts 📌

Starting with the 2025 filing season (for 2024 federal income tax returns), the IRS will allow taxpayers to electronically file a return that includes a dependent already claimed on another 2024 federal return, provided the primary taxpayer has an Identity Protection PIN (IP PIN).

This change aims to streamline the process of determining which taxpayer is eligible to claim the dependent, reducing delays caused by paper filing.

Scenarios for Filing Returns with Duplicate Dependents

Scenario 1: Primary Taxpayer Does Not Have an IP PIN

If the IRS rejects a return due to a duplicate dependent Social Security Number (SSN), the taxpayer must obtain an IP PIN to file electronically.

Most taxpayers can obtain an IP PIN using the Get an IP PIN tool on the IRS website.
Once they have the IP PIN, they can include it on their return and file electronically.
If the taxpayer does not obtain an IP PIN, they will need to file their return on paper and mail it to the IRS.

Scenario 2: Primary Taxpayer Already Has an IP PIN

If the taxpayer already has an IP PIN, the return will be accepted electronically, even if the dependent has been claimed on another return. However, the taxpayer will not be immediately notified that someone else claimed the same dependent. The IRS will send a notice to inform them of the situation

Don’t let those “certified” tax preparers fool you! Contact us at Simply Enterprise we will not only get you your maximum refund but will also educate you.

708-945-1442

Tax season is still underway! Deadline is Monday , April 15th. If you are in need of a tax professional please contact my office. Don’t wait until the last minute!!

Office: 888.434.4644 xt 702
Mobile: 708.945.1442

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1 dependent. We getting warmed up… Book your consultation today: https://calendly.com/latasha-simplyenterprise/30min

Tax Tips: What’s the difference??

A tax deduction reduces your taxable income, while a tax credit directly reduces the amount of tax you owe. Deductions lower the income on which you're taxed, and credits provide a dollar-for-dollar reduction in your tax liability. 💵💵💵

Schedule a consultation today : https://calendly.com/latasha-simplyenterprise/30min

Or call: 888-434 4644 extension 702

THE I.R.S HAS WARNED‼️‼️‼️‼️ :
🗣️🗣️🗣️🗣️

If you owe You need to start calling those companies to set up a INCOME DRIVEN (income & family size) payment plan, OR ask for FORBEARANCE (hardship) or place your loans in DEFERMENT (pause payments).

4Nelnet- 1-888-486-4722
Great Lake Educational Loan- 1-800-236-4300
Navient- 1-800-722-1300
Fed Loan Servicing- 1-800-699-2908
Mohela 1-888-866-4352
Hesc/edfinancial 1-855-337-6884
Cornerstone 1-800-663-1662
Granite state Gsmr 1-888-556-0022
Osla servicing 1-866-264-9762
IRS OFFSET # 1800-304-3107

You could be eligible to receive your refund back or have it forgiven ‼️

Act Now 👏🏽

Make sure you’re filing with a professional

We are a team of experienced knowledgeable professionals with over 20 years of experience that provide quality, personalized tax guidance to individuals and businesses.

It’s a new year and the perfect time to review 2023 and strategize ways to improve in 2024!

Book a consultation: https://calendly.com/latasha-simplyenterprise/30min

Call 888-434-4644 ext702