Pro Tax Solutions

01/27/2023

Happy Friday! It’s time do do your taxes. Contact us to get yours done today.

01/24/2022

Tax season has begun!

You are now able to file your taxes for 2021. Today, the IRS has started accepting tax returns.

We are here to help with your tax needs. Please contact us for an appointment or consultation.

01/05/2022

New year, new tax season!

Tax season is amongst us. The IRS begins accepting returns between January 24th to the 31st. They have not released the official acceptance date. We are here to help!

We are getting your taxes done with easy contactless solutions. We can set up virtual appointments or handle your taxes without having to visit us in person. We will be releasing tax updates soon so stay tuned.

We hope everyone had a Happy New Year!

11/10/2021

Starting January 2022 payment services like Venmo, Paypal, Cash App and others may have to report transactions to the IRS for certain accounts. This does not include reimbursement payments from friends and family, gifts, trips, ect. It is mainly directed at accounts that take payments for good and service transactions or accounts with large in-flow and out-flow. Here are some resources for more info

https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Reporting-Requirements-Your-Questions-Answered

https://www.cnn.com/2021/11/09/success/payment-app-tax-reporting-feseries/index.html

If you're among the millions of people who use payment apps like PayPal, Venmo, Square, and other third-party electronic payment networks, you could be affected by a tax reporting change that goes into effect in January.

04/15/2021

Happy Thursday!

This is a reminder that the usual tax filing deadline of April 15 was extended to May 17. So if you have not filed yet don’t worry as you still have an additional month to file. If you do still need to file or need help we are here to help. Please contact us with any questions and we would be more than happy to assist you.

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03/19/2021

Update on the newest COVID-19 tax provisions and how it can impact your 2020 tax return.

03/10/2021

Here is a good video to watch on the New Stimulus bill

- $1,400 for most Americans
- Expanded Child Tax Credit
- Expanded Earned Income Credit

Take a look inside the $1.9 trillion stimulus bill that includes $1400 direct payments, massive child tax credits, and expanded unemployment benefits.

01/28/2021

If you are interested in learning how you can get COVID financial relief on your tax return then check out this helpful article.

There is very good reason for everyone to file a federal tax return this year, even if your 2020 income was so low that the IRS doesn't require you to file.

01/06/2021

Business COVID-19 Update:

Business owners who are interested in applying for Disaster Loan Assistance can apply at the following link below with the Small Business Administration (SBA): https://covid19relief.sba.gov/ #/

The loan is available to small business and non profit organizations of any size or U.S. Agricultural businesses with 500 of fewer employees. Disaster Loans can be used to cover operating expenses, used for capital and losses not covered by insurance of FEMA for both personal or business use.

01/06/2021

Weekly Tax Update:

The State of California is in the process of approving an additional $600 stimulus that will be available to individuals who earned $30,000 or less in the last year. To claim the credit you will need to file a 2020 tax return. Contact us to file your taxes this year.

We are following public health orders so we are doing contact free returns this year. Either drop off your paperwork at the office or we will send you a secure link to send your paperwork to us. Same turn around times as usual. We look forward to assisting you this year.

Take care and be safe everyone!

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- Your team at Pro Tax