Ramos Income Tax Services

02/19/2025

Tonight between 3:30am -6:30am eastern Daily and Weekly Pathers will update with a DDD for 2/24 (those with early funding banks and cards, can receive their money as early as tomorrow morning) its possible for a small amount of transcripts to update throughout the day, but very few.

The next big update will be Friday (Thursday into Friday) 3:30-6:30am Daily's and Weeklies will update with a DDD for 2/26 (those with early funding banks and cards, can receive their money as early as Friday morning) its possible for a small amount of transcripts to update throughout the day, but very few.

If your transcript is BLANK wait for at least 2 weeks after this Friday before you freak out. Blank transcripts can update straight into a DDD.

🚫🚫STOPPPPPPP trying to ID verify without having the letter!! If you dont have to ID verify you can end up holding your return up!!🚫🚫

Seeing a 570 DOES NOT MEAN you have to ID verify. 95% is a review usually a wage review (either you forgot to file a form or the IRS still hasnt been able to verify what you filed)

02/12/2025

🎉ATTENTION🎉 DEPOSIT DATES FOR THOSE ON PATH

🟣The 1st BIG UPDATE FOR PATHERS FOR A DDD will be NEXT WEDNESDAY 2/19 FOR DAILYS AND WEEKLIES WITH A DDD OF 2/24

🔵THEN NEXT FRIDAY 2/21 THE 2ND BIG UPDATE FOR PATHERS FOR A DDD OF 2/26

🟢AFTER THAT DAILYS AND WEEKLIES WILL UPDATE NORMALLY ON THEIR CYCLE DAY.

🟠THOSE WHO HAVE A EARLY FUNDING CARD OR BANK CAN SEE THEIR DEPOSITS AS EARLY AS THE DAY THEIR TRANSCRIPTS UPDATE WITH A DDD.

🟡Its possible a very small group of dailies can update Monday 2/17 or Tuesday 2/18 but this will be like very very small.

🔴Remember PATH ENDS 2/15 AND LIFTS 2/16

✅️CHECK YOUR ACCOUNT TRANSCRIPTS AND NOT WMR!!!!✅️

🟣IF YOUR ACCOUNT TRANSCRIPT SHOWS "NO TAX RETURN FILED"

🔵GIVE IT 2 WEEKS AFTER PATH LIFTS IF IT IS STILL LIKE THAT YOU NEED TO ID VERIFY. (TONS OF TAXPAYERS HAVE UPDATED FROM THAT STRAIGHT TO A DDD SO DO NOT STRESS YET)

🟢IF YOU SEE A 570 CODE ON YOUR TRANSCRIPTS (THERE IS AN ISSUE, IT CAN EITHER FIX ITSELF, OR YOU ARE IN A REVIEW, OR FILED AN INJURED SPOUSE)

🔴IF YOU HAVE A 424 CODE. THE AUDIT DEPT HAS 45 DAYS TO DECIDE IF THEY WILL BE AUDITING YOU. IT WILL EITHER SWITCH BACK TO NORMAL PROCESSING OR UPDATE TO THE WORST 420 EVER!!

🟡JUST BECAUSE YOUR ACCOUNT SHOWS A 971 CODE (LETTER COMING) DOESNT MEAN YOULL ALWAYS GET ONE. YOU CAN STILL UPDATE WITH THIS CODE (AS LONG AS YOU DONT HAVE THE 570 WITH IT)

11/06/2024

🚨Tax Info:Make sure for any job you no longer work at and no longer have access to their online account for payroll (if you did)

Make sure you contact them to update your address if you've moved since working there.

01/20/2024

FYI:

Please stop telling people they should wait to file because of the CTC credit changing.

1st. No one knows if it's gonna to be approved this time (they've tried for 2 years to change it)

2nd. If it does change. Irs will send you any money you missed out on.

3rd. What everyone on social media is talking about are PROPOSALS!!! There's like 5 different ones.

4th. NONE of the proposals include a change to EITC.

5th. NONE of the proposals increase the CTC to $3,000 or $3,600

BELOW I EXPLAIN THE CTC AND THE ONE OF THE NEWEST PROPOSALS.

01/13/2024

Thank you so much for your interest in filing your taxes with Ramos Income Tax Services!!!

**If you are applying for a refund advance, you would need ALL of your tax documents and have to fully file your taxes to see if you're approved.**

Heres how it goes...You will fill out a form which is a questionnaire/interview (it is 100% secure) and then upload all of your documents (ie..driver's license, social security cards, w2s, etc) Once I get your completed form and documents, I will contact you if I have any further questions, otherwise I would prepare the return and I will message you when I send the email with signature pages and fees that you would look over to verify the information is correct and sign...(You will have to answer about 3 or 4 security questions in order to verify it is truly you before you can see or sign the forms) once I get all of your signed forms back, I will then efile your return, and send a copy of your return.

***The turnaround time is a few hours up to 24 hours (also depends what time you fill the form out) UNLESS you scheduled an appt, otherwise, I just go down the list of who completed the form first...During extremely busy weeks (when majority are receiving their W2s) turnaround time could be up to 48 hours. (It rarely takes this long)

If you applied for an advance, you should know within an hour (during extremely busy times it can take up to 24 hours for an answer) if you were approved, approved for a lessor amount, or denied.
If approved, you should have your advance posted into your account by the morning. ***Advances approved on Friday, Sat, and Sunday can take until Tuesday morning to post into your bank. ***Some banks can take up to 48 hours to post the advance to your account. Last year we had an approval rate of 92%

Really dont have a set fee. It's based on the forms used. Between $300-$450 is the average. Self employment is a bit higher as usual but Im definitely cheaper than the bigger companies. And my fee can even be taken out of your refund if you wanted that option.

If you have all of your documents and are ready to file message me for the questionnaire link.. Thank you for your business and have a blessed day🙏🏽

01/08/2024

🚨🚨TAX TIP🚨🚨

✨If you have EIC (Earned Income Credit) CTC (Child Tax Credit) ACTC (Additional Child Tax Credit (the refundable portion of CTC) AOTC (American Opportunity Tax Credit) HOH (Head of House) and a few other less common credits.
You have a 50% chance every year for being selected for an audit. It gets even higher if you've never had an audit. Or if anything fraudulent was added to your return.

✨When claiming HOH with income lower than the Federal Poverty Levels for your size family and when getting EIC or CTC because you claimed a dependent that isn't your son or daughter, you have a 75% chance of being audited. (They don't always audit before you get funded (That is the IRM/or computer system that flags and sends you to the audit department) when you get audited AFTER you received your refund, that is an actual auditor running scenarios and your return was selected. They have 3 years to audit the return)

✨So if you claim a niece, nephew, grandchild, etc.

✨For your protection, always make sure you get their birth certificate and the parents birth certificate that you are related to. (So on their parents birth certificate and your birth certificate...it should show the same mother/father or both, for the both of you.

✨This is the ONLY proof IRS will accept for the relationship portion of passing the 3 rules (Relationship, Residency & Support)

✨Keep the copies in your files with all that years tax return information for a minimum of 3 years💣

Simple mistakes like names spelled wrong, dob wrong, etc will NOT get you selected for an audit

85% of audits are random. And will just be selected by what the IRM (IRS Computer) or auditor put in to generate audits.

EX. Pull all returns with the Maximum EIC, now pull all returns that are claiming a child that isn't their son or daughter. Now pull from those everyone that had self employment.

This is how audits are selected.

:)

01/05/2024

ALL ABOUT TRANSCRIPTS

I am 95% sure that this post will answer almost 99% of everyone's questions that have to do with transcripts.
I'm going to pin this, and any questions I know I answered, you'll be advised to search.

Here is the link to get your transcripts..

https://www.irs.gov/individuals/get-transcript

When you get to :Why you need this transcript. (You can provide any reason)

The customer File number will ALWAYS be blank..

If you see a year with a star next to it. It means the IRS doesn't have a return filed for you for that year..if you try to pull it, you will receive a notice that says "They received a request for a verification of a non-filing." Which means you are trying to pull a transcript for a year that there is none, because IRS hasn't received your return yet".

There are 4 different types of transcripts.

Account- Shows what the IRS/IRM is doing on the account

Return- Shows what YOU put on your return when you filed.

Record- Is literally just the Account and Return Transcripts put together

Wage- Shows you everything that was submitted to Social Security in your social. (This transcript is not available until around June/July of the current Tax Season.

Now on the transcripts.

Let's break down some transcripts.

Teal= This is your refund amount

Red= This is the as of date (means absolutely NOTHING to YOU THE TAXPAYER..it's just for the computer (IRM) and it will change, frequently sometimes)

Yellow=Code 766= your credits. (All refundable credits like ACTC) these amounts are included in your return already and is not extra. The 4/15 date is just the last day of tax season. And these credits will always have that date..

Yellow=Code 768= This is EIC (EARNED INCOME CREDIT) If you have this Code you are considered a PATHER and have to wait until AFTER Feb 15th for a date (Although you could have already processed) PATH just means you can't have a DATE before feb 15th. Again it will always have the 4/15 date as this is just the end of tax season. This amount is also already included in your refund and not extra money.

Blue= Code 150= This is the amount of your TAX liability. (If this line is zero, stop worrying about them NOT taking federal taxes out of your checks!)

Purple (top one)= Code 806= This is all of your Federal witholding you had on your w2s, or other tax documents like 1099R or W2Gs

To calculate your refund (if you don't want to go by the amount in teal)

Add the 3 purple lines (you might only have 1 2 or all 3 lines)

Then minus the blue line

=your tax refund

Here is a few common codes:

Code 570- Hold Code. Could be a hold for a few things, PATH (not all pathers get it) Wage review, basic review, No reason 🤦🏼‍♀️

Having NA on your transcripts means the return has NOT started to process. This could mean either, you just haven't starting processing because the hub your return went to is backed up, you got selected for an ID verification (And you will need to wait on a letter) FYI AN IP PIN DOES NOT STOP YOU FROM HAVING TO ID VERIFY. (An IP Pin is to prevent identity theft and ID verification, is the IRS verify, that you are the one who filed the return)
Or it means you got kicked out of the system and someone has to manually reenter you. ALL of these things are COMPLETELY RANDOM!

CODE 424=You were randomly selected for an audit by the computer. It was sent over to the audit department they now have 10 business days to either audit you or put you back into normal processing.

420= (The 420 NOBODY WANTS)This is an audit. If you don't have your paperwork together, get it together now!!!

You'll also get a code 810= refund freeze until the audit is over then you'll get a code 811= reverse refund freeze. You can also get a free code 810, if your return is being suspected of fraud.

Code 971= is a letter was sent to you. If you have an IDME. Account you can view SOME letters online now.

Getting transcripts is easier than ever now!! Did you have an IDME account to go on the ctc portal? Guess what you can use those same creditals to login to the irs site now.

Don't have one. Go create one now, you no longer need a credit card, loan, etc.

12/21/2023

07/30/2023

Heads up! Here's your monthly reminder to...
1. Record your mileage if you are self employed/independent contractor

2. Save all receipts for anything you purchase for your business/independent contractor work (Uber, Doordash, Lyft, etc) ***BANK STATEMENTS WILL NOT WORK

3. Always inform your Tax Preparer if you receive any letters from the IRS/State Revenue Depts

4. Mail in a Change of Address to the IRS if you moved (Also update your address with the Post Office, and current and previous employers)

5. Always keep at least your last paystub from any job you've had (make sure to print it if all your paystubs are online as you might not have access anymore)

6. Always ask your employer how you will receive your W2s, and opt in to receive it electronically if that is an option.

04/18/2023

ATTENTION!!!!! 📣📣

TOMORROW IS NOT THE LAST DAY TO FILE YOUR TAXES!!!! WE CAN EFILE UNTIL END OF NOVEMBER, BEGINNING DEC.

TOMORROW'S "LAST DAY OF TAX SEASON" IS ONLY FOR TAX PAYERS THAT OWE AND NEED TO PAY AND FILE BY THEN (OR DO A EXTENSION ) (WHICH ONLY EXTENDS THE FILING DUE DATE, NOT THE TAXES OWED.)

Each One TEACH one!!

🚫 NO April 18th (usually the 15th) IS NOT the last day to file taxes.

🚫NO an extension doesn't EXTEND any taxes you owe the IRS..After tomorrow you will start Earning Interest, and Penalties for paying late.

✅️YES we can still Efile until the end of the year..

✅️YES MOST of us Tax Professionals are open all year long.

✅️AND FINALLY.... NOT EVERY Tax Preparer is a Tax Professional!! (Read that again)

✅️And finally YES I can file your taxes for you.....message me today 😀😀

04/15/2023

Tax season never ends. The "end of tax season" April 15th (April 18th this year because of Easter and Good Friday) is just the DATE that Anyone that OWES the irs has to file AND pay by.

Those that are due a refund can efile until (about November) and then again in January when the efile system opens back up.

They also can mail it in at ANYTIME for the next 3 years, ONLY if they file everything!! You can't just leave off a document or 2.

Amendments that are due a Refund have 3 years from the "end of that year's tax season" Ex..You need to amend your 2021 taxes...
You have until April 15th 2025 to file.

IF YOU KNOW you will OWE the IRS and you HAVENT filed this year yet... you need to file an extension BEFORE April 18th to avoid a late file penalty.

Extensions do NOT include payments owed!!! If you think or know you will owe the IRS, all payments or estimated (send a payment of what you think you will owe) are due BY APRIL 18TH!! Or you will have interest and penalties.

If you know for 100% fact you will get a refund YOU DO NOT NEED TO FILE AN EXTENSION!!! Although it is always recommended you should, as you truly don't know, unless you understand how taxes work.

***This is my personal opinion and not legal tax advice.