Extreme Tax & Multi Services LLC

01/05/2024

01/05/2023

16years of experience! We offer several "Beneficial Services" such as,

- Audit Assistance/3rd Party Designee Representation
-Identity theft support
-Tax Return Amendment
-Filing back taxes
-Retrieve refunds from earned income/child tax credits
(that were claimed by a non-custodial parent/guardian that filed dependent without consent).
-W4 assisstance
- I-9 assisstance
-Schedule E (Rental Property Income)
-Bitcoin/Stock (profit/loss)
-Refund advances upto $7000
-Assistance with Department of Education Deferments
-Injured Spouse Assistance (also help retrieve refund that was offset by spouses debt)
-Small business accounting/organization
-Business Startup
-Notary Services

*Call for a quote today(no personal information needed just your income information and number of dependents and any tax related documents).

SN: I also educate my clients on the "do's and don'ts" allowing them to have a clear understanding with their particular tax situation. My office has year round support!!

*Hablo Español ( we offer Spanish Translation)

Please visit our company page : Extreme Tax & Multi Services

12/24/2022

Starting January 2nd.

12/24/2022

PSA: Taxpayers

🚨 TAX UPDATES FOR 2022 Tax Season 🚨

*LAST YEAR, certain credits(refunds) existed temporarily or were inflated due to COVID.

- In 2022, the child tax credit will “NO” longer be $3600 for children under 7 and $3,000 for children 7-17, however it will be $2,000 for children under 17.

-The dependent care will “NO” longer be $8,000 for 1 dependent under age 13 or disabled dependent at any age and $16,000 for 2 or more dependents, but will be $3,000 for 1 dependent (for a maximum credit of up to $1,050) and $6,000 for 2 or more dependents (with a maximum credit of up to $2,100).

- There will be “NO” claiming of recovery rebate credit aka stimulus on the 2022 return.

- There will be “NO” 7202 covid sick leave credit for self employed individuals on the 2022 return.

-There will be “NO” option to look back to 2019 earned income on the 2022 return.

- Starting in 2022, all payments received on business cash apps, PayPal, Lyft, Uber, Instacart, Door Dash, etc over $20,000 will now trigger you to be issued a 1099-K (you will need to report on your tax return). *The IRS will receives these forms as well, so they will need to be reported.

- DCF & the IRS is linked, so if you have dependents you receive benefits for and are letting someone else claim them because you owe child support, back taxes, social security, unemployment, etc, more and more ppl doing this are triggering audits. To beat an audit, the child needs to have lived with the person claiming them at least 6 months out of the year and would need to provide school/medical records proving the child lived with them. So if you plan on letting a family member claim your dependent, now is the time to add them to school/medical records on record so that if needed they have the proper proofs to present in an audit.

- If you have a balance with DEO (Unemployment)and do not have an active pending protest, they can offset your tax refund! Request a hearing with DEO. If a final determination has been made and you have an overpayment, you will need to file a waiver due to hardship so that your tax refund isn't offset.

🗣 BOOK YOUR CONSULTATION Starting January2, 2023! So that I can educate you on the current credits you qualify for. 786-436-8947

Extreme Tax Services LLC