L&S Tax Services

L&S Tax Services At L&S Tax Services we are dedicated and passionate about helping individuals and businesses navigate through tax preparation on and off tax season.

We specialize in maximizing tax credits and deductions. Combined we possess over 20 years of experience.

DAY 10: Credit vs. DeductionTax Credit vs. Tax Deduction: Know the Difference!These terms are often used interchangeably...
09/03/2026

DAY 10: Credit vs. Deduction
Tax Credit vs. Tax Deduction: Know the Difference!

These terms are often used interchangeably, but they aren't the same.
A tax deduction generally reduces the amount of income subject to tax.
A tax credit generally reduces your tax liability, subject to the particular credit's rules.
Some credits are refundable, some are nonrefundable, and some may have both refundable and nonrefundable
components.
Knowing the terminology helps you better understand your own return.
CALL TO ACTION
Follow L&S Tax Services - we're making taxes make sense, one post at a time.

09/02/2026

DAY 9: Who Gets to Claim the Child?

We Agreed I Could Claim the Child This Year. Not So Fast...

Parents, listen up!
An agreement between two people doesn't automatically override federal tax rules.
When parents are separated, divorced, or living apart, determining who may claim a child - and which tax
benefits each parent may qualify for - can involve specific rules.
This is also why you shouldn't automatically copy what you did on last year's return. Your circumstances matter.

CALL TO ACTION
Save this one. We'll be talking much more about dependents before tax season.

09/02/2026

DAY 8: Who Can You Claim?
They Lived With You... But Can You Actually Claim Them?

Dependency rules are more complicated than "I took care of them."
The IRS generally separates dependents into two categories: Qualifying Child and Qualifying Relative.
Tests can involve relationship, age, residency, support, income, and other requirements.
That's why two families with situations that look similar may have completely different tax results.

CALL TO ACTION:Don't guess about dependents. Ask questions before filing.

08/29/2026

DAY 7: Head of Household Having a Child Does NOT Automatically Make You Head of Household!

This is one tax myth we need to clear up before filing season. Having a dependent doesn't automatically mean you qualify to file as Head of Household. There are specific requirements involving marital status, the cost of maintaining your home, and having a qualifying person. Tax law is about eligibility - not what gives you the biggest refund.

08/28/2026

DAY 6: Filing Status 101 Your Filing Status Can Change Your Entire Tax Return.

Your filing status affects more than the box at the top of your return. It can influence your standard deduction, tax rate, filing requirements, and eligibility for certain credits. The five federal filing statuses are Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Qualifying Surviving Spouse. Don't choose a filing status simply because it gives you the result you want. You have to qualify for it.

HASHTAGS

08/27/2026

DAY 5: W-2 vs. 1099 Your Employer Can't Just Call You a 1099 Worker Because They Want To!

W-2 employee or independent contractor? The answer isn't simply based on what your employer calls you. Worker classification generally depends on the actual working relationship, including behavioral control, financial control, and the type of relationship between the parties. Misclassification can affect payroll taxes, benefits, tax obligations, and more. If you're being treated like an employee but receiving a 1099, that's worth looking into.

08/26/2026

DAY 4: Ghost Preparers If Your Tax Preparer Won't Sign Your Return - STOP
Let's talk about ghost preparers. A paid preparer generally must sign the tax return they prepare and include their PTIN. Be cautious of someone who prepares your return but refuses to identify themselves as the paid preparer. And remember: YOU are ultimately responsible for what's reported on your tax return. Never sign a blank return and never allow someone to file information you know isn't accurate just because they promise you a bigger refund.

08/25/2026

DAY 3: What Is an EFIN? PTIN and EFIN Are NOT the Same Thing!

Here's a little tax-industry education. A PTIN identifies a paid tax return preparer. An EFIN, or Electronic Filing Identification Number, is issued by the IRS to authorized providers participating in IRS e-file. Why should clients care? Because choosing a tax professional isn't just about who promises the biggest refund. You should know who is preparing and electronically filing your return.

DAY 2: PTIN: Who Is Preparing Your Return? Before You Pay Someone to Prepare Your Taxes - Ask This Question!Do you have ...
08/24/2026

DAY 2: PTIN: Who Is Preparing Your Return? Before You Pay Someone to Prepare Your Taxes - Ask This Question!

Do you have a PTIN? Anyone who prepares or assists in preparing federal tax returns for compensation generally must have a valid Preparer Tax Identification Number, or PTIN. Before handing over your W-2s, Social Security numbers, and financial information, know who you're trusting with your tax return. At L&S Tax Services, we believe informed taxpayers make better decisions.

05/05/2026

Missed the deadline? No need to worry, our team is still diligently working on tax returns. For those with outstanding prior year taxes, we invite you to discuss a resolution plan.
Kezi Jones

Address

Remote
Remote, MS
39503

Opening Hours

Monday 5pm - 9pm
Tuesday 5pm - 9pm
Wednesday 5pm - 9pm
Thursday 5pm - 9pm
Friday 3pm - 9pm
Saturday 8am - 5pm
Sunday 8am - 5pm

Telephone

+12289909657

Website

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