LGM Financial Consulting

LGM Financial Consulting

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My name is Lynn and I am a certified tax preparer for LGM Financial Consulting, LLC. I can get you the money you need and more. Let me be your Virtual Tax Preparer! Let ME help YOU get more of your money!
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Cash app Charlotte Shepard
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Dont sleep on LGM Financial Consulting!!You will Not be Disappointed!!Thanks
This if certified the best tax preparer me and my wife used. Very precise on all your mistakes, on the money you get back, and what you qualify for. Get your taxes done by, in my opinion, the best

We help our clients leverage their resources, manage their money, and guide them to financial freedom. LGM Financial Consulting, LLC prides itself with helping you by making “your money work for you.” We teach you how to manage and leverage your money in hopes of helping you become financially independent.

Operating as usual

Timeline Photos 07/29/2021

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07/28/2021
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07/20/2021

Follow us LGM Financial Consulting

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07/19/2021

[07/14/21]   Who does screen printing in the Dallas,TX area??

[07/14/21]   Show of hands if you have your Insurance License 🖐

[07/14/21]   Quit playing and PRESS THE GAS! They gone talk about you either way. ✍🏾✨

[07/13/21]   🗣Heal because you have a child who doesn’t deserve the broken version of you ✨😌

07/09/2021

Claim It‼‼

Claim It‼‼

[07/09/21]   Your Feet are about to be planted in rooms NO ONE thought you were qualified for‼️❤️

07/05/2021

Do You Need To Amend Your Tax Return?

Maybe you forgot to file an important tax document this season, or you found a mistake in your tax documentation, or you forgot to update information about your business. We can help you amend your tax return.

07/05/2021

𝟓 𝐖𝐚𝐲𝐬 𝐚 𝐇𝐢𝐠𝐡𝐞𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞 𝐂𝐨𝐮𝐥𝐝 𝐁𝐞𝐧𝐞𝐟𝐢𝐭 𝐘𝐨𝐮 𝐢𝐧 𝟐𝟎𝟐𝟏

Your credit score is one of those mysterious statistics that you hear people talk about, but don’t really pay much attention to until you actually need it. That’s when you find out that you’ve been creating a credit history for as long as you’ve been an adult and have had bills to pay. For some, that discovery is positive – but for others, it’s reason for regret.

If you’ve been paying your bills on time and building up a solid history then you likely have a strong credit score that makes it possible for you to borrow significant amounts of money. If you’ve been late in your bill payments, then your credit history will reflect that in a negative way and work against you.

If you’re not aware of how much of an impact a higher credit score can have on your quality of life, consider the following:

𝟭. 𝗤𝘂𝗮𝗹𝗶𝗳𝘆𝗶𝗻𝗴 𝗳𝗼𝗿 𝗮 𝗴𝗼𝗼𝗱 𝗿𝗮𝘁𝗲 𝗼𝗻 𝗮 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗹𝗼𝗮𝗻 𝗶𝘀 𝗲𝗮𝘀𝗶𝗲𝗿 𝘄𝗶𝘁𝗵 𝗮 𝗵𝗶𝗴𝗵 𝗰𝗿𝗲𝗱𝗶𝘁 𝘀𝗰𝗼𝗿𝗲.

There are plenty of reasons why you might need a personal loan, and if you’ve been seeing promotions advertising low rates then you know that now’s a good time to apply for one. The higher your credit score, the more chance there is that you’ll qualify for the low rates that you’re seeing – and that you’ll qualify to take out a loan. Unfortunately, that’s not the case for those whose credit history is subpar.

𝟮. 𝗧𝗵𝗲 𝗯𝗲𝘀𝘁 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗴𝗼 𝘁𝗼 𝘁𝗵𝗼𝘀𝗲 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗰𝗿𝗲𝗱𝗶𝘁 𝘀𝗰𝗼𝗿𝗲𝘀.

Mortgage rates are historically low right now, so if you’ve been considering home ownership, now is the time. But those headline-grabbing rates aren’t for everybody. If your credit score has suffered as a result of poor payment history, you’re going to find yourself paying a higher interest rate, and that translates into a lot of money over the course of a 30-year loan.

𝟑. 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐬𝐭𝐫𝐨𝐧𝐠 𝐜𝐫𝐞𝐝𝐢𝐭 𝐬𝐜𝐨𝐫𝐞𝐬 𝐜𝐚𝐧 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐬𝐚𝐯𝐞 𝐦𝐨𝐧𝐞𝐲.

Because interest rates are so low, there’s a good chance that homeowners with existing loans can lower their monthly rates by refinancing. Those with the best credit ratings qualify for the lowest rates, and therefore save the most cash each month.

𝟰. 𝗦𝗼𝗹𝗶𝗱 𝗰𝗿𝗲𝗱𝗶𝘁 𝗲𝗮𝗿𝗻𝘀 𝘀𝗼𝗹𝗶𝗱 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱 𝗼𝗳𝗳𝗲𝗿𝘀

Whether an offer is found online or it shows up in the mail, those big cash-back benefits, application bonuses and 0% interest rates are only available to those with the best credit scores.

𝟱. 𝗔 𝗵𝗶𝗴𝗵 𝗰𝗿𝗲𝗱𝗶𝘁 𝘀𝗰𝗼𝗿𝗲 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝗮𝘁𝗲𝘀 𝗵𝗼𝗺𝗲 𝗿𝗲𝗻𝘁𝗮𝗹

A top credit score can help you into a home in more ways than one. Though renting a home is not as big a financial commitment, it still requires providing significant documentation proving your ability to pay, and the higher your credit score the better the home you will qualify to rent.

If your credit isn’t where you want it to be, take heart – there are several steps you can take to give it a boost and give yourself a better chance of taking advantage of the benefits listed above.

• Pay attention to due dates on your bills and make sure that you’ve paid well in advance of the payment deadline.
• Make a plan to pay down existing debt. Even small payments to reduce your debt can make a big difference.
• Carefully review your credit report and take action to correct any mistakes you find. You can obtain a copy for free every week through April, and many credit cards provide regular notifications of changes in your score.
• If you already have credit cards, contact the companies to see whether they’ll increase your spending limit. By doing so you boost your credit score – as long as you don’t use the increased amounts to create new debt.
• If you don’t have a credit card, ask a family member whether they will add you to their long-term account as an authorized user so that you can build your own credit history.

Building your credit and having a high credit score is one of the keys to getting the things that you want financially. It takes patience and commitment, but is well worth the effort.

𝟓 𝐖𝐚𝐲𝐬 𝐚 𝐇𝐢𝐠𝐡𝐞𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞 𝐂𝐨𝐮𝐥𝐝 𝐁𝐞𝐧𝐞𝐟𝐢𝐭 𝐘𝐨𝐮 𝐢𝐧 𝟐𝟎𝟐𝟏

Your credit score is one of those mysterious statistics that you hear people talk about, but don’t really pay much attention to until you actually need it. That’s when you find out that you’ve been creating a credit history for as long as you’ve been an adult and have had bills to pay. For some, that discovery is positive – but for others, it’s reason for regret.

If you’ve been paying your bills on time and building up a solid history then you likely have a strong credit score that makes it possible for you to borrow significant amounts of money. If you’ve been late in your bill payments, then your credit history will reflect that in a negative way and work against you.

If you’re not aware of how much of an impact a higher credit score can have on your quality of life, consider the following:

𝟭. 𝗤𝘂𝗮𝗹𝗶𝗳𝘆𝗶𝗻𝗴 𝗳𝗼𝗿 𝗮 𝗴𝗼𝗼𝗱 𝗿𝗮𝘁𝗲 𝗼𝗻 𝗮 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗹𝗼𝗮𝗻 𝗶𝘀 𝗲𝗮𝘀𝗶𝗲𝗿 𝘄𝗶𝘁𝗵 𝗮 𝗵𝗶𝗴𝗵 𝗰𝗿𝗲𝗱𝗶𝘁 𝘀𝗰𝗼𝗿𝗲.

There are plenty of reasons why you might need a personal loan, and if you’ve been seeing promotions advertising low rates then you know that now’s a good time to apply for one. The higher your credit score, the more chance there is that you’ll qualify for the low rates that you’re seeing – and that you’ll qualify to take out a loan. Unfortunately, that’s not the case for those whose credit history is subpar.

𝟮. 𝗧𝗵𝗲 𝗯𝗲𝘀𝘁 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗴𝗼 𝘁𝗼 𝘁𝗵𝗼𝘀𝗲 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝗰𝗿𝗲𝗱𝗶𝘁 𝘀𝗰𝗼𝗿𝗲𝘀.

Mortgage rates are historically low right now, so if you’ve been considering home ownership, now is the time. But those headline-grabbing rates aren’t for everybody. If your credit score has suffered as a result of poor payment history, you’re going to find yourself paying a higher interest rate, and that translates into a lot of money over the course of a 30-year loan.

𝟑. 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐬𝐭𝐫𝐨𝐧𝐠 𝐜𝐫𝐞𝐝𝐢𝐭 𝐬𝐜𝐨𝐫𝐞𝐬 𝐜𝐚𝐧 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐬𝐚𝐯𝐞 𝐦𝐨𝐧𝐞𝐲.

Because interest rates are so low, there’s a good chance that homeowners with existing loans can lower their monthly rates by refinancing. Those with the best credit ratings qualify for the lowest rates, and therefore save the most cash each month.

𝟰. 𝗦𝗼𝗹𝗶𝗱 𝗰𝗿𝗲𝗱𝗶𝘁 𝗲𝗮𝗿𝗻𝘀 𝘀𝗼𝗹𝗶𝗱 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱 𝗼𝗳𝗳𝗲𝗿𝘀

Whether an offer is found online or it shows up in the mail, those big cash-back benefits, application bonuses and 0% interest rates are only available to those with the best credit scores.

𝟱. 𝗔 𝗵𝗶𝗴𝗵 𝗰𝗿𝗲𝗱𝗶𝘁 𝘀𝗰𝗼𝗿𝗲 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝗮𝘁𝗲𝘀 𝗵𝗼𝗺𝗲 𝗿𝗲𝗻𝘁𝗮𝗹

A top credit score can help you into a home in more ways than one. Though renting a home is not as big a financial commitment, it still requires providing significant documentation proving your ability to pay, and the higher your credit score the better the home you will qualify to rent.

If your credit isn’t where you want it to be, take heart – there are several steps you can take to give it a boost and give yourself a better chance of taking advantage of the benefits listed above.

• Pay attention to due dates on your bills and make sure that you’ve paid well in advance of the payment deadline.
• Make a plan to pay down existing debt. Even small payments to reduce your debt can make a big difference.
• Carefully review your credit report and take action to correct any mistakes you find. You can obtain a copy for free every week through April, and many credit cards provide regular notifications of changes in your score.
• If you already have credit cards, contact the companies to see whether they’ll increase your spending limit. By doing so you boost your credit score – as long as you don’t use the increased amounts to create new debt.
• If you don’t have a credit card, ask a family member whether they will add you to their long-term account as an authorized user so that you can build your own credit history.

Building your credit and having a high credit score is one of the keys to getting the things that you want financially. It takes patience and commitment, but is well worth the effort.

Timeline Photos 06/21/2021

Words of Advice

Words of Advice

Timeline Photos 06/21/2021

Timeline Photos

[06/21/21]   ⚠ 𝘼𝙙𝙫𝙖𝙣𝙘𝙚 𝘾𝙝𝙞𝙡𝙙 𝙏𝙖𝙭 𝘾𝙧𝙚𝙙𝙞𝙩 𝙋𝙖𝙮𝙢𝙚𝙣𝙩𝙨‼

What does it mean for you❓

The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for the 2021 tax year only. 𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐂𝐓𝐂 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐞𝐢𝐫 𝐭𝐚𝐱 𝟐𝟎𝟐𝟎 𝐭𝐚𝐱 𝐫𝐞𝐭𝐮𝐫𝐧 𝐰𝐢𝐥𝐥 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐫𝐞𝐜𝐞𝐢𝐯𝐞 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐬 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐉𝐮𝐥𝐲 𝐮𝐧𝐭𝐢𝐥 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫.

𝗪𝗵𝗮𝘁 𝗱𝗼 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗖𝗧𝗖 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀?

The credit amounts will increase for many taxpayers.
The credit for qualifying children is fully refundable (customers without earned income or owed income taxes qualify).
The credit will include children who turn age 17 in 2021.
You may receive part of their credit in 2021 before filing your 2021 tax return.
The total of the advance payments will be up to 50% of the Child Tax Credit.

𝗧𝗵𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗱𝗼𝘄𝗻𝘀𝗶𝗱𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂

With all the stimulus payments received this year, 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬 𝐦𝐢𝐠𝐡𝐭 𝐧𝐨𝐭 𝐤𝐧𝐨𝐰 𝐭𝐡𝐢𝐬 𝐚𝐝𝐯𝐚𝐧𝐜𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐜𝐨𝐮𝐥𝐝 𝐫𝐞𝐝𝐮𝐜𝐞 𝐭𝐡𝐞𝐢𝐫 𝐭𝐚𝐱 𝐫𝐞𝐟𝐮𝐧𝐝 𝐚𝐦𝐨𝐮𝐧𝐭𝐬 𝐧𝐞𝐱𝐭 𝐭𝐚𝐱 𝐬𝐞𝐚𝐬𝐨𝐧.

What can you do now?

You can make the choice to OPT OUT of the advance process.

06/15/2021

For The Business Owners

Timeline Photos 06/11/2021

Timeline Photos

Timeline Photos 06/06/2021

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05/25/2021
Timeline Photos 05/22/2021

Timeline Photos

05/22/2021
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WORDS OF ADVICE‼

WORDS OF ADVICE‼

Timeline Photos 05/20/2021

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05/16/2021

Become A Tax Preparer

Are you interested in becoming a Tax Preparer or growing your Tax Business?

05/15/2021

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[05/14/21]   𝙃𝙤𝙬 𝘽𝙞𝙙𝙚𝙣’𝙨 𝙋𝙧𝙤𝙥𝙤𝙨𝙚𝙙 𝘼𝙢𝙚𝙧𝙞𝙘𝙖𝙣 𝙁𝙖𝙢𝙞𝙡𝙞𝙚𝙨 𝙋𝙡𝙖𝙣 𝙈𝙞𝙜𝙝𝙩 𝘼𝙛𝙛𝙚𝙘𝙩 𝙔𝙤𝙪

President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What follows is an overview of what is included in the plan. But this is only his wish list; Congress will need to draft proposed legislation that will have to pass in both the House of Representatives and the Senate before becoming law. With a price tag of more than $1.8 trillion, many on both sides of the political aisle think the plan is too expensive. As with virtually all legislation, the provisions will be debated, altered and deleted during Congressional negotiations. The final bill, if passed, may be quite different than the original proposed version.

BENEFITS
👉Education Benefits – The AFP primarily incorporates education benefits that, if passed, would add four years of free public education and provide federal funds to certain higher education institutions. More specifically, it would address:
• Pre-Kindergarten Education – Provide free universal preschool to all three- and four- year-olds.
• Community College Education – Provide two years of tuition-free community college education, including for DREAMers.
• Pell Grants – Increase Pell Grants by approximately $1,400 to assist low-income families and DREAMers.
• College Retention and Completion Rates – Include a $62 billion grant program to invest in completion and retention activities at colleges and universities (particularly community colleges) that serve high numbers of low-income students. States, territories and tribes will receive grants to provide funding to colleges that adopt innovative, proven solutions for student success.
• Subsidized Tuition – For families earning less than $125,000, provide two years of subsidized tuition at historically black colleges and universities and other minority-serving institutions. The plan would expand and create additional grants for these schools to strengthen their academic, administrative and fiscal capabilities, including by creating or expanding educational programs in high-demand fields such as STEM, computer sciences, nursing and related health care.

Education, Teachers and Educators – The AFP includes several provisions to increase college retention and completion rates, address teacher shortages, improve teacher preparation and strengthen pipelines for teachers of color. It would double scholarships for future teachers from $4,000 to $8,000 per year while they are earning their degree and would also help current teachers earn in-demand credentials.

👉Child Tax Credit – The President is proposing that the Child Tax Credit increases included in the American Rescue Plan Act (ARPA) be made permanent. The ARPA increased the Child Tax Credit from $2,000 per child to $3,000 per child six years old and above and $3,600 per child under six years old. It also made 17-year-olds eligible children for the credit and made the credit fully refundable and payable periodically during the year. These changes were for 2021 only. The AFP proposal would extend the ARPA increases through 2025 and make the refundability permanent.

👉Child & Dependent Care Tax Credit – The ARPA, for 2021 only, made this credit fully refundable and provided a credit equal to 50% of the expenses before phaseout. The maximum amount of expenses that can be used to compute the credit was increased to $8,000 for one qualified individual and $16,000 for two or more qualified individuals. As under prior law, a dependent child qualifies if they are under the age 13. The maximum credit is $4,000 (50% of $8,000) for one eligible individual and $8,000 (50% of $16,000) for two or more eligible individuals. The AFP would make these changes permanent.

Earned Income Tax Credit (EITC) for Childless Workers – The ARPA essentially tripled the EITC for childless workers for 2021 only. The one-year change increased the maximum credit from $543 to $1,502. Biden is asking Congress to make this increase permanent.

👉Paid Family Leave – The AFP would create a program that would ensure workers receive partial wage replacement to take time to bond with a new child, care for a seriously ill loved one, deal with a loved one’s military deployment, find safety from sexual assault, stalking or domestic violence, heal from a serious illness of their own or take time to deal with the death of a loved one. It would guarantee twelve weeks of paid parental, family and personal illness/safe leave by year 10 of the program and also ensure that workers get three days of bereavement leave per year starting in year one. The program would provide workers up to $4,000 a month, with a minimum of two-thirds of average weekly wages being replaced, rising to 80 percent of average weekly wages for the lowest-wage workers.

👉Health Insurance – The AFP would extend the expanded ACA health insurance premium tax credits included in the ARPA that lowered health insurance costs by an average of $50 per person per month for nine million people, and it would enable four million uninsured people to gain coverage. In addition to other provisions, individuals would be able to enroll in Medicare at age 60.

TAX INCREASES TO PAY FOR THE BENEFITS
Corporate Tax Rate – The proposal would increase the corporate tax rate from 21% to 28% (the rate was 35% before the 2018 tax reform).

Individual Marginal Tax Rates – The proposal would increase the top marginal tax rate from 37% to 39.6% for taxpayers with taxable income in excess of $400,000. That may be an oversimplification since tax rates take into account a taxpayer’s filing status. According to Jen Psaki, the White House press secretary, the 39.6% rate would apply to families with a taxable income of $509,300 or greater and single individuals with a taxable income of $452,700 or greater. Also, keep in mind that tax rates are adjusted for inflation annually.

Capital Gains Tax – The proposal would end the lower maximum capital gains rates for households making over $1 million (the top 0.3 percent of all households), thus having them pay the same 39.6% rate on all their income and equalizing the rate paid on investment returns and wages.

Basis Step-up – Currently, when assets are inherited, their basis in the hands of the beneficiary is the fair market value of the asset at the date of the decedent’s death. Taxable gain when an asset is sold is the difference between the selling price and the asset’s basis. Thus, under current law, assets can be transferred to beneficiaries without any income tax liability for the beneficiaries.
Under the AFP, any basis step-up would be eliminated for gains in excess of $1 million ($2.5 million per couple when combined with existing real estate exemptions), ensuring the gains will be taxed if the property is not donated to charity. The reform would be designed with protections so heirs will not have to pay taxes on family-owned businesses and farms given to them if they continue to run the business.

Carried Interest – Carried interest is a share of a private equity partnership’s or fund’s profits that serves as compensation for fund managers. Because carried interest is considered a return on investment, currently it is taxed at a capital gains rate and not an ordinary income rate. The proposed tax changes would eliminate carried interest, and thus the income would be taxed at ordinary rates.

Like-kind Exchange for Real Estate – Sec 1031 of the Internal Revenue Code allows taxpayers to exchange real estate used in business or for investment for other business or investment real estate and avoid taxation by deferring the gain in the replacement property. The proposed plan would eliminate Section 1031 like-kind exchanges for real estate investors when they exchange property on gains greater than $500,000.

Excess Business Losses - An “excess business loss” is the excess (if any) of the taxpayer’s aggregate deductions for the tax year that are attributable to trades or businesses of the taxpayer (determined without regard to whether or not the deductions are disallowed for that tax year) over the sum of
(i) the taxpayer’s aggregate gross income or gain for the tax year attributable to those trades or businesses plus
(ii) $250,000 (200% of that amount for a joint return (i.e., $500,000)). This amount is adjusted for inflation.
The current limitation is through 2021. The proposed changes would permanently extend the current limitation restricting large excess business losses.

Medicare Tax – Currently there is a 2.9% Medicare surtax on earned income (wages, self-employment) for taxpayers whose earnings exceed $250,000 (joint), $125,000 (married filing separate) or $200,000 (others). When added to the regular 0.9% Medicare rate, the total paid is 3.8%. There is also a 3.8% Medicare surtax on net investment income that applies when the taxpayer’s income exceeds $250,000, $125,000 or $200,000, depending on their filing status. Biden’s plan would apply the 3.8% surtax consistently to those with income over $400,000.

Tax Preparer Regulation – The proposal would give the IRS the authority to regulate paid tax preparers. Currently, CPAs and Enrolled Agents have continuing education requirements, as do tax preparers in Oregon and California. However, in other states, individuals can prepare tax returns without any oversight, which results in high error rates. These unregulated preparers charge taxpayers large fees while exposing them to costly audits.

Compliance – The proposal would substantially raise the IRS’s budget to increase tax compliance of high-income earners and large corporations, businesses and estates.

Bank Information Reporting – The proposal would require financial institutions to report to the IRS how much money came into and out of individuals’ and businesses’ accounts each year.

This material is a synopsis of key provisions of the President’s American Families Plan but does not include all proposed changes. Consult the White House fact sheet for additional provisions and details.

Our Story

LGM Financial Consulting, LLC prides itself with helping you by making “your money work for you.” We teach you how to manage and leverage your money in hopes of helping you become financially independent. Our goal is to lead you in the right direction monetary wise, helping you to provide financial stability for yourself and your family.

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Dallas, TX
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