C & F Professional Tax & Accounting Services

C & F Professional Tax & Accounting Services Office Hours
Monday - Friday: 9am to 7pm
Saturday: 9am to 5pm
Sunday: Appointment Only

We offer All Tax and Accounting Services which includes, but not limited to specializing in truck drivers, professional payroll preparation, travel nurses, barbers & beauticians, churches, ministers, and any non-profit organizations.

Merry Christmas & Happy New Year's
12/04/2024

Merry Christmas & Happy New Year's

10/23/2024

PROTECT YOUR TAX RETURN:'

IRS encourages all taxpayers to sign up for an IP PIN for the 2025 tax season

WASHINGTON — As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an Identity Protection Personal Identification Number (IP PIN).

This simple yet crucial step can provide an added layer of security, helping protect against tax-related identity theft.

The IRS encourages taxpayers to sign up for IRS Online Account, which provides a quick and easy way to obtain an IP PIN. Signing up early will ensure taxpayers have extra safety by having an IP PIN to electronically file their returns when the filing season begins in 2025.

The IRS encourages people to sign up for an IP PIN before Nov. 23, 2024. After this date, the IP PIN system will undergo maintenance and will not be available again until early January 2025. Signing up for an IP PIN now will ensure that a taxpayer’s identity is protected when the filing season begins. New IP PINs are generated for the 2025 filing season during this period, so online enrollees must retrieve their new IP PIN starting early January 2025.

An IP PIN is a six-digit number that prevents someone else from filing a federal tax return using a taxpayer’s Social Security number or Individual Taxpayer Identification Number. It’s a vital tool for ensuring the safety of taxpayers’ personal and financial information. The IP PIN, known only to an individual and the IRS, confirms their identity when they electronically file their tax return, making it much more difficult for thieves to use their information fraudulently.

How to request an IP PIN

The best way to sign up for an IP PIN is through IRS Online Account. The process requires identity verification, and spouses and dependents can also obtain an IP PIN if they complete the required verification steps. Once an IPPIN is issued, it must be on both electronic and paper returns.

To get an IP PIN, taxpayers should create or log into their online account at IRS.gov and follow the steps for identity verification. Once verified, taxpayers need to click on the profile tab to request their IP PIN. IP PIN users must use this number when filing their federal tax returns for the current calendar year and any previous years filed during that same period.

For those unable to create an Online Account, alternative methods are available, such as in-person authentication at a Taxpayer Assistance Center. More information is available on how to sign up at Get an identity protection Pin (IP PIN).

Additional information about IP PINs

An IP PIN is valid for one calendar year. For security reasons, new IP PINs are generated at the beginning of each calendar year. Some participants will receive their IP PIN in the mail, while others will have to log into their Online Account to view their current IP PIN.
Enrolled taxpayers can log back in to their Online Account to view their current IP PIN.

Taxpayers with an IP PIN must use it when filing any federal tax returns during the year, including prior year tax returns, or amended returns.

IP PIN users should share their number only with the IRS and their tax preparation provider. The IRS will never call, email, or text a request for the IP PIN.

Taxpayers can get an IP PIN now for 2024. The IRS will issue new IP PINs starting in January 2025.

Taxpayers who enrolled in the IP PIN program and have not been a victim of tax-related identity theft can opt out of the IP PIN program via their Online Account.

08/19/2024

TAX TIPS YOU MAY OVER LOOK:

Child and Dependent Care tax credit can help offset summer day camp expenses

WASHINGTON – The Internal Revenue Service today reminded taxpayers that summer day camp expenses may count towards the Child and Dependent Care tax credit.

Many working parents arrange for care of their younger children under age 13 during the summer. A popular solution is a day camp program, which can sometimes also lead to a tax benefit. Taxpayers who pay for the care of a child, or other qualifying person, so they could work or look for work may be able to take the credit for child and dependent care expenses.

Unlike overnight camps, the cost of day camp may count as an expense towards the Child and Dependent Care credit.

How it works

Taxpayers must have earned income to claim this credit. The credit is calculated based on income and a percentage of expenses incurred for the care of qualifying people to enable taxpayers to work, look for work or attend school.

Depending on income, taxpayers can get a credit worth up to 35% of their qualifying childcare expenses. At minimum, it’s 20% of those expenses. For 2024, the maximum eligible expense for this credit is $3,000 for one qualifying person and $6,000 for two or more.
Reimbursed expenses, such as from a state social services agency, must first be deducted as work-related expenses used to calculate the amount of the credit.
The amount of work-related expenses used to figure the credit generally cannot be more than earned income for the year if single, or the smaller of a spouse’s income, if married.
Taxpayers who claim it must list the name and address of the day camp on their return, along with the taxpayer identification number unless an exception applies.
IRS Publication 503, Child and Dependent Care Expenses, explains all the rules, the tests needed to claim the credit and describes an exception for certain taxpayers living apart from their spouse and meeting other requirements. Taxpayers can also use the Interactive Tax Assistant on IRS.gov to determine if they can claim this credit.

04/15/2024

Good morning Facebook. This is the last day of Tax Season. Please make sure if you are not ready to file, get an extension. Remember an extension just extends your time to file but your taxes owed is still due on today. Office hours are extended today to service you . Make sure you call us at 662-350-3710. Our office hours today is 9am - Until. COOK & FIELDS TAX AND ACCOUNTING SERVICE is here to serve you.

03/15/2024

Brotherhood is Saturday at 9AM and all men are encouraged to come out for inspiration and fellowship!!

Some BUSINESS TAX RETURNS are due by Friday, March 15, or you need to file for an extension.
03/09/2024

Some BUSINESS TAX RETURNS are due by Friday, March 15, or you need to file for an extension.

GREAT NEWS!! They have successfully completed the processing of the single largest federal tax refund deposit of the yea...
02/22/2024

GREAT NEWS!!

They have successfully completed the processing of the single largest federal tax refund deposit of the year, which will be available to taxpayers Thursday, Feb. 22.

Payments will be available for taxpayers by the IRS effective date start of business tomorrow.

02/06/2024

Drop by our location today! In addition to scheduled appointments, we welcome walk-ins. Feel free to call ahead at 662-350-3710.

Address

108 Rankin Boulevard Ext
Tupelo, MS
38801

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm
Saturday 10am - 3pm

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