Luxury Tax Service Nationwide

Sooo once you sober up, give us a call to get those taxes right!! I mean if you legitimately qualify for the $4,000,000, then we will have a drink with you to celebrate. To be on the safe side, let us put another set of eyes on itnobody wants to be in IRS jail! ... #taxes #taxseason #taxtips #filewithluxurytax

ATTENTION: Do not file your tax return without Form 1095-A!! What is Form 1095-A? If you or anyone in your household were enrolled in a healthcare insurance plan through the Healthcare Marketplace (even if it was for only 1 day), you will receive Form 1095-A through the mail or you can access the form on the Marketplace website, https://www.healthcare.gov/login, or by calling the Marketplace at 1-800-318-2596.... Why do I need Form 1095-A to file my taxes? The form is needed to reconcile the Premium Tax Credit (a refundable credit) based on the cost of the healthcare coverage you received and determines whether you are due a refund or if you have to repay any credit received. What happens if I don't report Form 1095-A on my return? For tax year 2021, your tax return will be rejected and cannot be processed until the 1095-A is added. Also, your tax refund will not be accurate and the release of your refund can be delayed. Shoutout to Whitney Horton for the info! Have questions about Form 1095-A? Give us a call, 770-947-5677, today!

Get ready for some much needed tax info! We are continuing to give you the real deal on everything taxes. We are going LIVE on Thursday, January 20 at 7pm (EST) and discussing the following credits:... Look Back Credit EIC (Earned Income Credit). So if you are confused about: Do I qualify? What is the Look Back Credit? How many kids can I claim EIC for? How much is the credit? How much do I have to make? Then tune in to get the full details! HINT: The maximum EIC for 2021 is $6,728!! There will be a Q&A at the end, but if you have any questions, please enter in the comments below and we will get them answered. Hosted By: Ruby Smith-Williams Special Guest: Seavonne Johnson Ready to file? Click here to get started, https://bit.ly/32eaA0B. Also check us out on IG @luxurytaxservice at 7:30pm (EST).

Ummm.absolutely not going to jail for nobody!! A knowledgeable and savvy tax professional will ensure you qualify for every deduction and credit you qualify for (under the tax code). No funny business needs to occur!... Deductions and credits are not just numbers on the screenthere are very specific rules and situations that must be met to qualify. Don’t get fooled by that awesome looking $30,000 refund! Ask your tax professional to explain how they determined that refund or balance due amount. If they can’t explain to you clearly what you qualify for and how they came up with that amount, there should be some side eye and additional questions asked ASAP before signing anything. And what happens after 21 days (normal processing time) and you haven’t received that $30,000 refund?? Do they assist you with getting it or do they disappear and not answer calls and you are on your own? Be sure to get a copy of all paperwork including documents you sign as well as a full copy of your tax return with ALL forms and schedules! And remember, you as the taxpayer are ultimately responsible for what is on your tax return. Sometimes you don’t get what you pay for! If it’s too good to be true, it usually is! Schedule a consultation with one of our professionals at Luxury Tax Service. I promise you your experience will be different and the service we provide is unmatched! Click here to get started, https://bit.ly/32eaA0B.

ATTENTION: All freelancers, gig workers, independent contractors, small business owners, and side hustlers.... As well as the "I WENT EXEMPT ALL YEAR", made a little money from crypto or stock sales, received the Advance Child Tax Credit but won't qualify for the credit when you file folks... If you expect to owe $1,000 or more in taxes based on the income you earned in 2021, then you should pay quarterly estimated taxes! ... It's actually a requirement and the due date is today, January 18, 2022! Over the year you have 4 opportunities to pay your estimated taxes. This is the last payment date to take care of any taxes owed for 2021. This will lessen the blow of owing so much when you file and not give yourself a heart attack when you see the total balance due. It also prevents you from getting hit with penalties and interest for not paying enough taxes throughout the year. You can calculate your Estimated Taxes using Form 1040-ES. Need assistance determining if you need to pay and how much? Give us a call, 770-947-5677, or schedule online at www.luxurytaxservice.com.

Tax Talk S1 EP2 Tune in and tell us what you think.

Tonight we are having Tax Talk S1 Ep2. Tonights topic we will go more into depth about the CTC and a special form called 8332.

The 2022 tax filing season begins January 24! The IRS will start accepting electronically filed returns on Monday, January 24, 2022. Be sure you gather all your tax documents, W-2s, 1099s, all letters from the IRS, and any documents you are not sure about, and do the following:... Schedule an in-office or virtual appointment with Luxury Tax Apply for a Refund Advance (up to $6,200) Let us prepare an accurate return for the IRS and state agency Await your refund! Give us a call, 770-947-5677, or schedule online at www.luxurytaxservice.com.