Moonlight Multiservices

https://www.moonlightmultiservices.com/post/new-fincen-boi-filing-requirements-deadline-1-13-2025

New FinCEN BOI filing requirements - Deadline 1-13-2025

As we close out this we want to thank all our partners who shared cybersecurity safety tips with their communities. Remember 🚨 cybersecurity awareness shouldn’t end in October. Continue to follow our posts for more online safety tips and resources! Together, we can all .

The Energy Credit Online tool may be especially helpful to small businesses that sell clean vehicles.

See: https://ow.ly/c3B850Q36a1

Here's a treat: a free guide with tricks to help you start and grow your business! https://www.sba.gov/business-guide

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Taxpayers should avoid these common mistakes when they file their tax return | Internal Revenue Service Tax Tip 2023-07, January 24, 2023 — Most of the common errors taxpayers make on their tax returns are easily avoidable. By carefully reviewing their return, taxpayers can save time and effort by not having to correct it later.

IRS Tax Tips January 24, 2023

IRS.gov
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Issue Number: Tax Tip 2023-07
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Taxpayers should avoid these common mistakes when they file their tax return.

Most of the common errors taxpayers make on their tax returns are easily avoidable. By carefully reviewing their return, taxpayers can save time and effort by not having to correct it later. Filing electronically also helps prevent mistakes. Tax software does the math, flags common errors and prompts taxpayers for missing information. It can also help taxpayers claim valuable credits and deductions. Taxpayers who qualify may use IRS Free File to file their return electronically for free.
Here are some of the mistakes to avoid:
• Filing too early. While taxpayers should not file late, they also should not file prematurely. They should wait to file until they’re certain they’ve received all their tax reporting documents, or they risk making a mistake that may lead to a processing delay.
• Missing or inaccurate Social Security numbers. Each SSN on a tax return should appear exactly as printed on the Social Security card.
• Misspelled names. The names of all taxpayers and dependents listed on the return should match the names on their Social Security cards.
• Inaccurate information. Taxpayers should carefully enter any wages, dividends, bank interest and other income they received to make sure they report the correct amounts. This includes any information taxpayers need to calculate credits and deductions.
• Incorrect filing status. Some taxpayers choose the wrong filing status. Publication 501 has detailed information about filing statuses.
• Math mistakes. Math errors are some of the most common mistakes. They range from simple addition and subtraction to more complex calculations. Taxpayers should always double check their math. Better yet, tax prep software will check it automatically.
• Figuring credits or deductions. Taxpayers can make mistakes figuring things like their earned income tax credit, child and dependent care credit and child tax credit. Tax software will calculate these credits and deductions and include any required forms and schedules.
• Incorrect bank account numbers. Taxpayers who are due a refund should choose direct deposit. This is the fastest way for them to get their money. However, taxpayers need to make sure they use the correct routing and account numbers on their tax return.
• Unsigned forms. An unsigned tax return isn't valid. In most cases, both spouses must sign a joint return. Exceptions may apply for members of the armed forces or other taxpayers who have a valid power of attorney.
• Disreputable tax preparers. Taxpayers should remember they, not the tax preparer, are responsible for the information on their tax return. The IRS has resources to help taxpayers find someone to prepare their tax return. Some taxpayers may even be able to get free help from IRS-certified volunteers. Certified public accountants, enrolled agents or other tax professionals can also help taxpayers avoid errors.

Another Tax Season has started. The efile system is up and running.

2020 tax preparation season - 100% virtual - contactless & safe.

www.IRS.gov

If you are not retired and receiving social security already, and didn’t have to file a 2018 or 2019 return because your income didn’t required you to do so or for another reason then:

Go to www.irs.gov/Coronavirus/economic-impact-payments

And provide your information so you can get your payment.

If your bank account info is different from when you filed your return, then this is where you can update your account info to receive it via direct deposit instead of a check.

COVID-19 SCAMS

If you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal financial information, or an advance fee, or charge of any kind, including the purchase of gift cards, please do not respond. These are scams. Please contact the FBI at www.ic3.gov so that the scammers can be tracked and stopped.

Fraud involving payment of Federal taxes should be reported to the Treasury Inspector General for Tax Administration.

Internet Crime Complaint Center (IC3) | Home The IC3 accepts online Internet crime complaints from either the actual victim or from a third party to the complainant. We can best process your complaint if we receive accurate and complete information from you. Therefore, we request you provide the following information when filing a complaint:

https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

Economic impact payments: What you need to know | Internal Revenue Service IR-2020-61, March 30, 2020 — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people.