Obsidian Tax Service Firm- Denecia Franklin

Obsidian Tax Service Firm- Denecia Franklin Book Today!!!! Maximum refund!!! Updated on the recent tax laws and more!!!

🚨Are you guys prepared for the new πŸπŸŽπŸ—πŸ—-𝐊 rules? Do you know the rules to offset any amount not reportable due to sendin...
11/21/2023

🚨Are you guys prepared for the new πŸπŸŽπŸ—πŸ—-𝐊 rules?

Do you know the rules to offset any amount not reportable due to sending money to family and friends.

If not, keep reading!!!

Beginning in 2023 for tax season 2024, third-party payment networks must file Form 1099-K with the IRS and provide a copy to the taxpayer when the gross payment amount is more than $600.

However, not all payments from these third parties are taxable. Taxpayers & Tax Pros can take steps to prevent non-taxable items from being reported.

A taxpayer may receive a 1099-K in error due to payments that were gifts or reimbursements from family or friends.

If the taxpayer received a 1099-K in error, they should contact the issuer immediately. However, you may have a hard time getting someone on the phone!

If you can't obtain a corrected 1099-K form, you should seek guidance from a knowledgable tax professional.

Hit the share button to inform your family and friends because if it’s not reported correctly, they will receive a cp 2000 letter advising they owe the IRS!

If you need more info on the new reporting requirements, please reach out to Obsidian Tax Service Firm for 1099K reporting assistance!

11/21/2023

Good Evening all entrepreneurs !!!

Considering self-employment this tax season? Here’s a quick checkup :

πŸ’Ό If you work for yourself, set your own hours, and control your work, you might be self-employed!

πŸ“ˆ Did you receive a 1099-NEC instead of a W-2? It’s a clue!

πŸ‘₯ Freelancers, gig workers, and independent contractors often fall into the self-employed category.

🧾 Keep meticulous records of income and expenses; they’re your tax allies!

πŸ—“οΈ Mark those quarterly estimated tax deadlines if you’re self-employed.

πŸ€” Still unsure? Consult a tax professional to ensure you navigate the tax terrain smoothly.

Being self-employed brings flexibility, but it also comes with tax responsibilities. Stay informed for a stress-free tax season! πŸ“ŠπŸ’Ό

File from the comfort of your home. Advance loans up to $9,000 starting Jan 2nd. See you soon πŸ™‚
11/20/2023

File from the comfort of your home. Advance loans up to $9,000 starting Jan 2nd. See you soon πŸ™‚

Here at Obsidian Tax Service Firm we file complete and accurate returns πŸ™‚
11/20/2023

Here at Obsidian Tax Service Firm we file complete and accurate returns πŸ™‚

11/20/2023

Dear Old and potential clients

As tax season approaches, we want to ensure a smooth process for you. Please gather all relevant financial documents and receipts for the year. Our team is here to assist you in maximizing your deductions and addressing any tax-related queries. Feel free to reach out to schedule a consultation starting Jan 2nd

Address

3901 Arlington Highland
Addison, TX
76018

Website

https://obsidiantaxservicefirmdeneciafranklin.setmore.com/denecia-franklin

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