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Credit still applies for tax year 2024. The numbers just would be index for inflation. Meaning the income limit could be higher. 😉

No, certified mailing is just that. It certifies it was mailed and provides tracking. If you need somebody to sign for it, that is return receipt requested. We never require that. We just send mail certified so that we can prove that it was sent. Hope that helps. Thanks for watching and the comment!

@@Igoteverything1988 You can use Staples. The section you’re talking about is when it’s referring to attaching the W-2s. You just don’t want to staple through all the pages. You just wanna staple the W-2s through the top or first page of the Form 1040. Hope that helps. Thanks for watching and the comment! 😁

@@shaggytheshaman Thanks for watching and comment. All you have to do is print out the return in its entirety. Assemble the return according to how it prints out or look at the sequence numbers printed in the upper right hand corner of the return going from smallest to largest. If you can’t afford to do your taxes yourself, look at the IRS VITA program. If you qualify then the volunteers prepare your return for free. Hope that helps. Thanks for watching and the comment. 😁

To each their own. I've riden them all. Each will fail with enough wear and tear. I just find these to be the best for a lazy dude like me who only likes to replace tires every 2K-3K miles. 🤷🏾‍♂😉

@WilsonRogersCompanyInc gravelking tire are hard

That's a personal choice. We often look at how much revenue/profit a business has before they decide to make that switch. Ballpark is about $60K in profit because then the tax savings can be significant. But some businesses come out the gate with strong profits so it makes sense from day one. Remember, you can always make the election the year prior to when you want it to take effect. For example, anytime in 2025 for it to be effective 01/01/26. Hope that helps. Thanks for watching and the comment.

Whom you can claim as a dependent can get tricky. We recommend using the IRS Interactive Tax Assistant (ITA) tool for this topic which can be found here: www.irs.gov/help/ita/whom-may-i-claim-as-a-dependent It will give you an answer based on YOUR situation as to how the IRS would classify a person. Thanks for watching and the comment!

@@ianlu9962 google IRS form 8822. The second page tells you where to mail the form based off of where your old home mailing address was. Hope that helps. Thanks for watching and the comment!

@@WilsonRogersCompanyIncthat was quick thank you so much!

@ That’s what happens when you have the TH-cam app on your phone. 😉🤣

Glad you enjoyed it. Thanks for watching and the comment!

Whom you can claim as a dependent can get tricky. We recommend using the IRS Interactive Tax Assistant (ITA) tool for this topic which can be found here: www.irs.gov/help/ita/whom-may-i-claim-as-a-dependent It will give you an answer based on YOUR situation as to how the IRS would classify a person. Thanks for watching and the comment!

@@EBonyWashington-h8r so long as you have a qualifying dependent, and you do not live with your spouse during the last six months of any tax year then you may use head of household. Hope that helps, thanks for watching and the comment! 😉

Let's say your 16-year-old has $10,000 in investment income. If that income exceeds the threshold, the Kiddie Tax might kick in. Instead of paying taxes at their lower rate, their income could be taxed at your higher rate, potentially increasing their overall tax burden. Important Note: Tax laws are complex. This is a simplified explanation. Always consult with a qualified tax advisor for personalized guidance. 😉

@WilsonRogersCompanyInc makes sense.... Thanks as usual.

@ Always!

You’re welcome as always!

When can we start filing?

@ Hasn’t been announced yet. But historically it’s the last week of January. Many of the chains start early offering refund advances and the like, but the returns themselves still can’t be filed until the IRS opens the system. Keep your eyes open for a video from “someone” announcing it. They’ll usually beat us to it! 🤣

@@WilsonRogersCompanyInc thanks for always replying

@ It’s kinda what we do! 😉🤣

Glad you enjoyed it

For the FAFSA they want the information from your tax return. If you don’t have it, then you would need to get the tax return transcript. Make sure you look at the updated version of this video as the process has changed: How To Set Up Your IRS Account Online | TCC th-cam.com/video/vaF9Ex9BZKQ/w-d-xo.html Thanks for watching and the comment!

We’ll definitely check out your work, thanks for the offer!

@@tonym4136 Even with a court order things can get complicated. One of the things that the IRS looks at is who the custodial parent is. Meaning who does the child spend the most time with. So if the child is with her 100% of the time, even though there’s a court order, per IRS standards, she would be the person to claim the kid. But if you absolutely feel that the person is claiming the child unjustly, then yes, you would follow these steps. Thanks for watching and the comment!

You already know!

Log everything of possible. The more you keep track of what you eat, drink and do in terms of workouts, the more “dialed in” you get with figuring things out. Too often we lie to ourselves. We underreport what we eat and over report exercise. When you get it right, you can really figure out when you are not seeing the results you want. I know that if I really want to drop pounds I have to workout and burn about 1,000 calories a day. My exercise of choice is cycling. So when that number ain’t dropping, I know EXACTLY what to turn up. If you know you’re doing 3K steps and things are good, then keep it up. But when the number stops moving you either 1) log more steps or 2) look for what is wrong on the food side. If I don’t record both, then it makes it harder to figure out what I need to increase or decrease. Hope that makes sense. Thanks for watching and the comment and good luck with your journey! 🥰

Sorry to hear that. I would start by filing your 2021 tax return ASAP. That return will lose the ability to claim a refund on 4/15/25. That was the last year with Covid funds attached to it. 2020 is passed so you can't get anything there. That return will need to be mailed to the IRS. We have a video on the channel about how to do that. Next, contact the IRS identity theft unit at 1-800-908-4490 and explain the PIN situation. They can point you in the right direction. Lastly, if needed, set up an in person appointment at an IRS taxpayer assistance center (TAC). You can do that via this link: apps.irs.gov/app/office-locator/ Hope that helps. Thanks for watching and the comment!

@WilsonRogersCompanyInc thank you!!!

@ no problem!

Nope. They go to separate places. Just google “where to file form xxx in yyy” where xxx is the state tax form and yyy is your state. For example for me it would be “where to file Form IL-1040 in Illinois.” I should then be taken to my states tax authority (I.e. The Illinois Department of Revenue). There should be an option for either 1) the instructions for the form I am filing or 2) a list of where to file addresses. So basically, the returns go to two separate places. Neither of them want to get the others documents! 🤣 Hope that helps. Feel free to ask more questions. Thanks for watching and the comment. 😉

@@jesusjesus12 You’re welcome as always. Happy Holidays! 😁

@@taxpro4realestatepros We try. Thanks for watching and the comment! 🥰

We try! 😉

@@WilsonRogersCompanyInc omg thanks for the info

Thanks for watching and the comment. This video is a walk through of how to file a self employed tax return: How to file self employed taxes (2023) | TCC th-cam.com/video/g9XknedtsJ8/w-d-xo.html If you still want to chat about services after watching it, just reach out to us using the info in the description of any of our videos. Just mention that you reached out on TH-cam so we can connect the two interactions. 😁

If that was the only thing that you had going on in the year, they you probably wouldn't need to file. But say, if you had healthcare from the marketplace and received the Premium Tax Credit, then you would have to file. That's because the credit is reconciled on the tax return. Check out this site on the IRS' site for more info: www.irs.gov/individuals/check-if-you-need-to-file-a-tax-return Thanks for watching and the comment!

@ thank you 🙏

No worries. Make sure you check with a tax professional next year just to confirm that nothing requires you to file. You can also use this handy IRS tool that will tell you the answer based on your responses: www.irs.gov/help/ita/do-i-need-to-file-a-tax-return

Yes, you too can be hated by your neighbors early in the morning! Where do you think the name “Rolling Thunder” comes from? 🤷🏾‍♂️😉🤣 Thanks for watching and the comment 🎀fam.

@ 😂😂🔥

You got it. Glad you were able to figure it out. Thanks for watching and the comment! 😁

The correct number. 😉

@@karenedmond7187 We have the best clients. Glad we could help you out with this tutorial. 🥰

@@alexandraosborne1453 Not a problem. Glad you found it helpful. Thanks for watching in the comment! 🥰

The U.S. District Court for the Eastern District of Texas on Dec. 3, 2024, issued a nationwide preliminary injunction suspending (temporarily) the government's enforcement of the Corporate Transparency Act (CTA) and its Implementing Regulations. This is not permanent. You can read the lawyers take on it here: www.hklaw.com/en/insights/publications/2024/12/corporate-transparency-act-reporting Thanks for watching and the comment! 😁

It's a preliminary injunction (not permanent). You can read the lawyers take on it here: www.hklaw.com/en/insights/publications/2024/12/corporate-transparency-act-reporting Thanks for watching and the comment! 😁

@@jun9147 There was. See the pinned comment for more info as well as the article from Forbes explaining what that means.

Any business that was in existence prior to 01/01/24 had until 12/31/24 to do their first filing. One would only be fined if they didn't file by that deadline. But make sure you look at the pinned comment for this video. The courts just suspended the enforcement of the BOI reporting. So if you want to or don't want to file at this time, there "technically" is no penalty until that case is settled. A fellow TH-camr (JJ The CPA) gives a perspective on if one should or should not file given the court injunction: th-cam.com/video/OScsfXYClOM/w-d-xo.htmlsi=uoYzFP4uWMmKZe8l Thanks for watching and the comment! 😁

@ new sub! Keep pushing

Thanks for the sub. Much appreciated and happy to help. 🥰

All companies are to file within a specified time from their formation. In theory it’s just a one time thing. But you might have to “update” the filing if you add an owner whose ownership percentage now makes them a beneficial owner. Or certain demographic items change (name, address, etc). Thanks for watching and the comment! 👍🏾

@@JenniferGinther-e8g thanks for watching!

Appreciate it!

Are you using the PDF that you have to download and then upload? Or are you just simply going into the site and entering your data? What type of error messages are you getting?

@@WilsonRogersCompanyInc I have been trying to fill out the form online. It won't let me submit at the end giving me an error. I put a call into my accountant, maybe he can take care of it.

@ What’s the error message?

@@WilsonRogersCompanyInc It gave an error code saying it couldn't match the information. However, I verified the information is correct, so there is nothing to "fix".

@ Understood. Well, hopefully the accountant or somebody else can give you insights on what’s not matching.

Can you elaborate? Each filing status has its own set of tax brackets for a particular income level. The only ones who pay less at the same pay rate are “potentially” those filing head of household. Everyone else is pretty much equal in terms of the rate they are charged. Just want to understand the “single people have to pay more taxes” comment. Thanks for watching and the comment! 😁

@@BrandiHess13 Glad you found it helpful. It’s a lost art! 😉🤣

@@WilsonRogersCompanyInc Question. Do you include an empty envelope addressed to yourself inside the main envelope? The last sentence in the pro-move letter that says "...kindly return it to me in the self-addressed stamped envelope that is enclosed".

@BrandiHess13 Yes we do. Make sure that envelope back to you has a stamp on it too. The IRS will not pay to send the letter back but will gladly do it if YOU pay for it. 😉 And we typically put a copy of the letter in the envelope so all they have to do is stamp it and seal it. They keep the “second” copy of that same letter for their records.

Glad you found it useful. Thanks for watching and the comment!

Glad you found it helpful and thanks for the well wishes on White Lightening. I really was bummed that she ended up like that, especially since I had it built in the pandemic and had to wait from Memorial day until 10/3/22 to take delivery. But alas, now I have Ghost. Took me a minute to get use to the AWE system on her as it is loud AF pretty much ALL the time. Highway speed is okay so long as the RPMs aren't way up there. The NPP system is cool in that it allows you to be loud or quite (if you want). Ghost came that way which was a cool option at about $995 from Chevy. But the aftermarket system was somewhere around $1,300 (ish) and the rumble is WAY lower. Has a nice muscle tone to it. Enjoy your 'maro brethren and be safe out there. Thanks for watching and the comment! 😁