CPS Certified Acceptance ITIN Services

CPS Certified Acceptance  ITIN Services

Comments

USA Tax and Taxation

Federal income Tax: Mostly known as Payroll tax and it is deducted directly by the employer from employees’ paychecks according to their income level, salaries, number of exemptions and marital status.

Social Security and Medicare (F**A): This is another type of payroll tax, the employee pays 6.2%, and the employer matches it for a total of 12.4% per paycheck. Self-employed individual rate depends on the net profit on schedule C

Alternative Minimum Tax: Alternative method for setting tax brackets.

State income Tax: In many states, it is paid along with the federal withholding through payroll. There is a lot of variation on percentages and rates; even some states do not have state income tax.

Local income tax: A tax paid to the county or area that you live in to support schools and the community.

Excise tax: It is also known as the “Goods” tax. It is imposed on some items like fuel, alcohol, to***co

Estate tax. Inheritance or transfer of property tax.

Gift tax: Limits could be variable but as in example $15,000, it will be subject to additional tax. This tax is cumulative, and subject to may federal and state regulations.

Sales tax: Tax paid on regular goods, services, and merchandise, either onsite or through the web. Sales tax also varies by state.

Investment income tax: Tax on income from interest, dividends, capital gains, or other investments. It is usually reported by the financial institution to the investor

Capital gains tax: Tax placed on the gains or losses of the sale of an asset such as a real estate and business properties
Who Would not Qualify for the Stimulus Check ?.

Taxpayers likely won't qualify for an Economic Impact Payment if any of the following apply:

Your adjusted gross income is greater than
$99,000 if your filing status was single or married filing separately
$136,500 for head of household
$198,000 if your filing status was married filing jointly
You can be claimed as a dependent on someone else’s return. For example, this would include a child, student or older dependent who can be claimed on a parent’s return.
You do not have a valid Social Security number.
You are a nonresident alien.
You filed Form 1040-NR or Form 1040NR-EZ, Form 1040-PR or Form 1040-SS for 2019.

CPS is comprised of people who exemplify the values of our immigrants population. We offer knowledge and experience thereby helping our divers community.

IRS Authorized e-file Provider
Tax pros accepted by our electronic filing program are authorized IRS e-file providers. They are qualified to prepare, transmit and process e-filed returns.

Operating as usual

10/21/2020

USA Tax and Taxation

Federal income Tax: Mostly known as Payroll tax and it is deducted directly by the employer from employees’ paychecks according to their income level, salaries, number of exemptions and marital status.

Social Security and Medicare (F**A): This is another type of payroll tax, the employee pays 6.2%, and the employer matches it for a total of 12.4% per paycheck. Self-employed individual rate depends on the net profit on schedule C

Alternative Minimum Tax: Alternative method for setting tax brackets.

State income Tax: In many states, it is paid along with the federal withholding through payroll. There is a lot of variation on percentages and rates; even some states do not have state income tax.

Local income tax: A tax paid to the county or area that you live in to support schools and the community.

Excise tax: It is also known as the “Goods” tax. It is imposed on some items like fuel, alcohol, to***co

Estate tax. Inheritance or transfer of property tax.

Gift tax: Limits could be variable but as in example $15,000, it will be subject to additional tax. This tax is cumulative, and subject to may federal and state regulations.

Sales tax: Tax paid on regular goods, services, and merchandise, either onsite or through the web. Sales tax also varies by state.

Investment income tax: Tax on income from interest, dividends, capital gains, or other investments. It is usually reported by the financial institution to the investor

Capital gains tax: Tax placed on the gains or losses of the sale of an asset such as a real estate and business properties

10/02/2020

CPS Certified Acceptance ITIN Services

10/02/2020

CPS Certified Acceptance ITIN Services's cover photo

irs.gov 04/20/2020

Economic Impact Payments | Internal Revenue Service

irs.gov We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.

04/12/2020

CPS Certified Acceptance ITIN Services

04/12/2020

Who Would not Qualify for the Stimulus Check ?.

Taxpayers likely won't qualify for an Economic Impact Payment if any of the following apply:

Your adjusted gross income is greater than
$99,000 if your filing status was single or married filing separately
$136,500 for head of household
$198,000 if your filing status was married filing jointly
You can be claimed as a dependent on someone else’s return. For example, this would include a child, student or older dependent who can be claimed on a parent’s return.
You do not have a valid Social Security number.
You are a nonresident alien.
You filed Form 1040-NR or Form 1040NR-EZ, Form 1040-PR or Form 1040-SS for 2019.

04/11/2020

CPS Business Services

Need a Tax ID ?
Want to start a New Business or Just file your Taxes?

04/11/2020

CPS Certified Acceptance ITIN Services

03/27/2020

CPS Accounting & Tax Services

IRS have five options for taxpayers who need to pay their taxes. They can:
•Pay when they e-file using their bank account, at no charge, using electronic funds withdrawal.

•Use IRS Direct Pay which allows taxpayers to pay electronically directly from their checking or savings account for free. They can choose to receive email notifications about their payments when they pay this way. Taxpayers should watch out for email schemes. IRS Direct Pay sends emails only to users who request the service.

•Pay using a payment processor by credit card, debit card or digital wallet options. Taxpayers can make these payments online, by phone or through the IRS2Go app.

•Make a cash payment at more than 7,000 participating retail stores nationwide. To pay with cash, visit IRS.gov and follow the instructions.

•Pay over time by applying for an online payment agreement. Once the IRS accepts an agreement, the taxpayers can make their payment in monthly installments.

forbes.com 03/16/2020

April 15 Tax Deadline Might Get Coronavirus Relief

forbes.com The Administration and Congressional leaders are negotiating fiscal-stimulus measures to provide relief for the coronavirus pandemic, which might include loosening rules for the April 15th tax deadline.

03/15/2020

CPS Certified Acceptance ITIN Services

03/15/2020

CPS Certified Acceptance ITIN Services

03/15/2020

CPS Business Services

Need a Tax ID ?
Want to start a New Business or Just file your Taxes?

03/15/2020

CPS Certified Acceptance ITIN Services

03/14/2020

CPS Certified Acceptance ITIN Services

03/14/2020

CPS Certified Acceptance ITIN Services

https://www.irsvideos.gov/Governments/Employers/W-9SavesTimeAndMoney

irsvideos.gov 03/04/2020

W-9 Saves Time and Money

https://www.irsvideos.gov/Governments/Employers/W-9SavesTimeAndMoney

irsvideos.gov Please do not enter any personal information. Your comment is voluntary and will remain anonymous, therefore we do not collect any information which would enable us to respond to any inquiries.

irsvideos.gov 03/04/2020

W-9 Saves Time and Money

https://www.irsvideos.gov/Governments/Employers/W-9SavesTimeAndMoney

irsvideos.gov Please do not enter any personal information. Your comment is voluntary and will remain anonymous, therefore we do not collect any information which would enable us to respond to any inquiries.

irsvideos.gov 03/04/2020

W-9 Saves Time and Money

https://www.irsvideos.gov/Governments/Employers/W-9SavesTimeAndMoney

irsvideos.gov Please do not enter any personal information. Your comment is voluntary and will remain anonymous, therefore we do not collect any information which would enable us to respond to any inquiries.

03/03/2020

CPS Business Services

Need a Tax ID ?
Want to start a New Business or Just file your Taxes?

03/02/2020

CPS Certified Acceptance ITIN Services

02/26/2020

CPS Accounting & Tax Services

ITIN Expiration and Renewal
ITINs that have not been used on a tax return for Tax Year 2016, Tax Year 2017 or Tax Year 2018 will expire December 31, 2019. Additionally, ITINs with middle digits of 83, 84, 85, 86, or 87 (e.g. 9NN-73-NNNN) will also expire at the end of 2019.

Any ITIN that does not have a middle digit of 83, 84, 85, 86, or 87 and was used on a tax return for Tax Year 2016, Tax Year 2017 or Tax Year 2018 will not expire at the end of 2019.

https://cpsaccountingandtaxservices.com/

02/24/2020

CPS Certified Acceptance ITIN Services

02/19/2020

Where's your income tax refund? The 2020 tax refund season is underway - the IRS started accepting 2019 income tax returns on Monday, January 27, 2020. The chart isn't a guarantee, but it can help you predict when you will get your 2020 IRS federal tax refund, based on previous years and IRS policy.

The good news is, there's no reason to get a refund loan or similar services, which often include steep fees, since most taxpayers can get their 2020 income tax refund via direct deposit from the IRS in as little as 10-15 days if they file early.

The main factors that determine when a taxpayer may receive their return include:

How early you file
If the taxpayer is claiming certain credits (especially EITC and CTC)
Whether the return is e-filed or sent by mail
Whether the taxpayer has existing debts to the federal government
The IRS may add a 2-3 week delay to tax returns that claim the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC), since these credits are the most abused. The additional time allows the IRS to verify that taxpayers qualify for the credits.

The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed, ask your tax professional, or simply use the "Where's My Refund?" tool on the IRS website. Or download the IRS2Go app to check your refund status.

[02/12/20]   1042-S
Box 1: Income Code - This two digit income code identifies the appropriate income source:

12 – Other Royalties (i.e. copyright, recording, publishing)
16 – Scholarship or Fellowship Grants
17 – Compensation for Independent Personal Services
19 – Pay for Individuals whose immigration purpose is Teaching and/or Research
20 – Pay for Individuals whose immigration purpose is Studying and Training
54 – Other Income

Box 2: Gross Income – Entire Amount of the Payment

Box 3: Chapter 3- If checked, amounts were reported under chapter 3 of the IRS Code

Box 3a: Exemption Code – Reason for the Exemption Code.

02 – Exempt under IRS Code
04 – Exempt under Tax Treaty

Box 3b: Tax Rate – Withholding rate based on type of Income

Box 4: Chapter 4 – If checked, amounts were reported under chapter 4 of the IRS Code

Box 4a: Exemption Code – Reason for the Exemption Code

14 – Effectively connected income
15 – Payee not subject to chapter 4 withholding

Box 5: Withholding Allowance – Personal exemption amount, if applicable

Box 6: Net Income – Generally left blank, unless Box 5 is used.

Box 7: US Federal tax withheld – The total dollar amount of federal income tax withheld

Box 9: Total withholding credit - not applicable to W&M

Box 10 Amount repaid to recipient - not applicable to W&M

Box 14 Recipient's U.S. TIN, if any - U.S. taxpayer identification number

Box 16 Country code - The country of which the recipient claims residency under that country’s tax laws.

Box 23 State income tax withheld - State income tax withheld from payments

[02/11/20]   according to irs
foreign gift tax
f your someone gift you some money, which makes very happy but stresses you, if you owe taxes on it. IRS says "No taxes". Nevertheless; you’ll still need to add them, on Form 3520 and report all overseas payments along with your other forms at tax time. Failure to do so could result in penalties.

02/01/2020
01/29/2020

CPS Certified Acceptance ITIN Services

[01/26/20]   Mohamed FILALI is in Iowa City, Iowa
Nothing has changed!
Still at the same place
Are you guys coming ?

01/26/2020

Mohamed FILALI is in Iowa City, Iowa
Nothing has changed!
Still at the same place
Are you guys coming ?

cnbc.com 01/25/2020

Here's the tax bill if you hit the $495 million Powerball jackpot

cnbc.com If there's a winner in Saturday night's drawing, the IRS will get tens of millions of dollars right off the bat.

01/25/2020

Contact us (319) 248-5535

CPS Accounting & Tax Services provides tax consultation and services to people and business owners. If you are behind your tax returns either one year or many years it's possible

01/25/2020

CPS Certified Acceptance ITIN Services

We officially Started the Tax return and filings Season. DO not Delay anymore-Get Your Refund faster before the crowd.

01/25/2020

CPS Certified Acceptance ITIN Services

Free Initial Consultation
Unlimited communication with your assigned Certifying Acceptance Agent (CAA)
We fill out all necessary ITIN Tax Number application.
We communicate with the IRS for you to solve your ITIN . If you prepare the application yourself it can take up to 4 months.
Online, in person, or by the phone service available.

[01/25/20]   Income Tax Return season is here.
Are you ready ?
Contact us (319)248-5535

Telephone

Address


1840 S Gilbert Street
Iowa City, IA
52240
Other Iowa City businesses (show all)
Greater China Business Association Greater China Business Association
Iowa City, W107

The Greater China Business Association is a premier student organization open to all striving to make and keep influential connections with China.

Adam Pollack Attorney At Law Adam Pollack Attorney At Law
1129 E Washington St
Iowa City, 52245

Criminal Defense Attorney

Korwel Photography Korwel Photography
Iowa City

Just looking around... through camera This page is to share my photographic way of seeing

Murphy Sound Murphy Sound
Iowa City, 52245-1623

Complete event production and management:Sound, lighting. Stages, Roofs, Security, Fencing, Vendor p

University of Iowa Health Care Project Management Office University of Iowa Health Care Project Management Office
200 Hawkins Dr
Iowa City, 52242

Welcome to the University of Iowa Health Care Project Management Office.

Blue Sky Carpet Care Blue Sky Carpet Care
3522 Dolphin Dr. SE, Ste D
Iowa City, 52240

Blue Sky Carpet Care Provides Residential Carpet Cleaning, Residential Laminate Cleaning, Residential Tile & Grout Cleaning.

The Bi-Lingual Consulting Firm for Arabic/English Translation/Consultations The Bi-Lingual Consulting Firm for Arabic/English Translation/Consultations
10 Jema Ct
Iowa City, 52246

We specialize in the translation and interpretation of Arabic and English documents, and offer business solutions and consultations to meet market demands.

The Mac Doctor, Inc. The Mac Doctor, Inc.
Iowa City, 52240

Scott Nelson created The Mac Doctor for two reasons: he has always loved Macintosh computers and he has always enjoyed teaching.

Goodfellow Printing, Co. Goodfellow Printing, Co.
408 Highland Ct
Iowa City, 52240

3rd generation family operated local printing company

University of Iowa Department of Cinematic Arts University of Iowa Department of Cinematic Arts
105 Becker Communication Studies Building
Iowa City, 52242

This page will show news and events pertinent to undergraduate and graduate students in the Department of Cinematic Arts at the University of Iowa.

First Avenue Satellite First Avenue Satellite
1550 S 1st Ave
Iowa City, 52240

First Avenue Satellite and Computer Repair is an authorized DirecTV dealer specializing in residential and commercial satellite packaging and installation. First Avenue also specializes in computer diagnostics and repairs.

Axiom Consultants Axiom Consultants
60 E. Court Street
Iowa City, 52240

Axiom Consultants is a full-service engineering firm located in Iowa City. We focus on agility, client interaction, communication, and work ethic.