Positive Rate Tax Advisors

In celebration of National Small Business Week the Internal Revenue Service has shared valuable information for entrepreneurs. This week, the IRS will highlight various resources to assist small business owners in understanding their tax obligations and advantages. The IRS will also provide informative content through its tax tips. https://rpb.li/NSdgm

Did you know nearly 940,000 people have yet to claim their tax refunds for the 2020 tax year? Yes, you heard that right! There's over $1 billion in unclaimed refunds waiting to be collected. Don't miss out on what could be rightfully yours! 🤑 The IRS estimates that the average refund is more than $900. Whether you're in Idaho, where the average refund is $761, or in New York and Pennsylvania, where it's over $1,000, it's crucial to check your status. The deadline to file your 2020 tax return and collect your refund is rapidly approaching on May 17. ⏳ Don't let these funds slip through your fingers, especially if you didn't file due to the chaos of the pandemic. You might be pleasantly surprised by what you're owed. 💸 For more details, check out the full article here: https://nyti.ms/3QgWGAK #TaxRefund #IRS #TaxSeason #MoneyMatters #FinanceTips

You've done the hard work. You've gathered your documents and filed your taxes. And now you're wondering when you can expect your refund. Instead of waiting, use the IRS Where's My Refund tool to track your federal tax refund in real time. Visit https://lnkd.in/eUYwfxR and enter your details. You’ll get a personalized refund date as soon as it's processed. #TaxRefund #IRS #WhereIsMyRefund

Today is Tax Day, and this year, there are a few key things to keep in mind to ensure a smooth filing process. WSJ article recently wrote a great article entitled "What Happens If You Don't File Your Taxes. If you need help with your taxes, contact the professionals at Positive Rate Tax Advisors. https://rpb.li/F4TIpC

Feeling the pressure as the tax deadline nears? It's easy to feel overwhelmed, but remember, rushing now can lead to errors. Filing a tax extension could be your best move. It gives you the chance to ensure everything is accurate and complete. Remember, an extension to file doesn't extend the time to pay any taxes due, so plan wisely to avoid extra fees. Take a moment, take a deep breath, and focus on accuracy. It’s better to file a late correctly than on time but incorrectly. Need help? Contact us: https://lnkd.in/d2TNK5vf #TaxSeason2024 #PositiveRateTaxAdvisors #TaxExtension #StressFreeFiling

Did you know that adding a new baby to your family unlocks a range of tax benefits? Prior to filing, new parents should: Secure a Social Security or Individual Tax Identification Number Check withholding Understand Itax credits and deductions that apply to your family's needs, Including: Child Tax Credit Child and Dependent Care Credit Adoption Tax Credit Earned Income Tax Credit Credit for Other Dependents #ParentingWins #TaxSavings

Here's an insightful article from WSJ: This article points out that the average person spends about 9 hours on their taxes, yet there's still a high chance of making mistakes. From overlooking income to math errors, tax filings are complex. Don't rush, ensure you have all your documents, especially 1099s, and review last year's return to catch any discrepancies. A thorough and patient approach can help you navigate this tax season smoothly. #TaxTips #IRS #PositiveRateTax https://rpb.li/OuLNjl

For small business owners, choosing the right tax professional can save you time and money. Look for a reputable advisor who understands your business structure, can maximize deductions, and can guide you through tax matters. Start your search today by using the IRS Directory of Prepares and ensure they are available year-round. Your business tax needs go beyond April. https://rpb.li/FTekbA #SmallBusiness #TaxProfessional #IRSTips

We're a few short weeks away from the deadline to file taxes, which may seem overwhelming. However, navigating tax time becomes easier with an understanding of payments, withholdings, and quarterly payments, which is critical for avoiding surprises during tax filing. Our latest blog offers a straightforward guide to filing your taxes. https://lnkd.in/eQ94ARDq #PositiveRateTax #AtlantaTax #TaxAdvisor #TaxTips

Happy Easter from Positive Rate Tax Advisors.