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[yosephstephens]

Just a reminder: Don’t for get to fail, it might make you a billionaire 💰💰💰💰. #sbts #stephensbrostaxservice #accountant #layoffs #taxpro #bigbusiness #failure #billionaire #jeffbezos https://www.instagram.com/p/CUWW8XvMirz/?utm_medium=tumblr

[stephensbrostaxservice]

If people are doubting how far you can go, go so far that you can’t hear them anymore. - Michele Ruiz ⁣ ⁣ Share 👉🏾@stephensbrostaxservice Share👉🏾 @stephensbrostaxservice Share👉🏾 @stephensbrostaxservice ⁣ Credit: Michele Ruiz, Wikipedia ⁣ ⁣ ⁣ ⁣ #locusofcontrol #stephensbrostaxservice #locusofcontrol #place #forces #control #believeinyourself #believe #influencer #beyond #lifecoach #development #julianrotter #interiordesign #personalitytypes #psychology #smallbusinessowner #education #exam #healthpsychology #educationalpyschology #selfesteem #neuroticism #jobsatisfaction #businessowner https://www.instagram.com/p/CGiBiFiFbaZ/?igshid=txdlgjv1f9h4

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How entrepreneurs pay down debt quicker. @stephensbrostaxservice #stephensbrostaxservice #paydowndebt #debtfreecommunity #cfi #cashflowindex #cash #debt #loan #credicard https://www.instagram.com/p/CFv2lteA5fx/?igshid=bzp59q89k106

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HOW TO REMOVE TAX LIEN JUDGMENT:⁣ ⁣ Complete IRS Form 12277⁣ ⁣ This form serves as a request for withdrawal of the original tax lien. ⁣ ⁣ For questions 11 on the form, select the option that states:⁣ ⁣ “The taxpayer, or the Taxpayer Advocate acting on behalf of the taxpayer, believes withdrawal is in the best interest of the taxpayer and the government.”⁣ ⁣ For question 12, enter the words “Fresh Start Program.” ⁣ ⁣ Send Form 12277 to the IRS⁣ ⁣ After 30-45 days, the IRS will contact the court house where the lien was filed to notify them to withdraw it. ⁣ ⁣ “When the other advisors stop. We start”⁣ ⁣ ⁣#How #To #Remove #Tax #Lien #Judgement #IRS #Form12277 #TaxAdvisor #TaxReturn #Taxpayer #Notice668 #StephensBrosTaxService https://www.instagram.com/p/Bl8zMUslyTA/?utm_source=ig_tumblr_share&igshid=1ykkofiuh6ug

[stephensbrostaxservice]

REFUND LIMITATION PERIOD:⁣ ⁣ Under the general rule of section 6511, a refund claim must be filed by the taxpayer within three years from when the return was filed or two years from when the tax was paid, whichever period expires later. Section 6511(d)(3) provides a special 10-year limitations period if the refund claim concerns “an overpayment attributable to any taxes paid or accrued to any foreign country . ⁣ ⁣#Refund #Limit #Period #Foreign #TenYears #GeneralRule #StephensBrosTaxService https://www.instagram.com/p/Bofy91xBz2W/?utm_source=ig_tumblr_share&igshid=3g2wmv2cdipx

[stephensbrostaxservice]

RUNNING YOUR OWN BUSINESS IS A HELL OF A DRUG:⁣ ⁣ Running your own business is a hell of a drug with the new Section 199A buisiness income deduction. This allows small businesses a deduction of 20% of qualified business income earned in a qualified trade or business. ⁣ ⁣ Qualified trades and businesses include all trades and businesses except for performing services as an employee. ⁣ ⁣ Qualified business income is the net amount of qualified items of income, gain, deduction, and loss in accordance with a qualified trade or business under Section 199A. Activities must be effectively connected with the conduct of a business in the United States jurisdiction. ⁣ ⁣ If you have any questions in reference to Section 199A Qualified Business Income Deduction - contact 800-558-6821 or send a message @stephensbrostaxservice ⁣ #Deductions #Section199A #Qualified #Business #Income #IncomeTax #StephensBrosTaxService #HellOfADrug #RunningOwnBusiness #RickJames https://www.instagram.com/p/BocVtwQhjYl/?utm_source=ig_tumblr_share&igshid=aorz0mdg0ywl

[stephensbrostaxservice]

TRUMP FOUNDATION LAWSUIT, NEW YORK ATTORNEY GENERAL INSIST: ⁣ ⁣⁣ On October 4 New York Attorney General Barbara Underwood asked the state Supreme Court to deny Trump’s motion to dismiss lawsuit charging President Trump with using his private charity for personal gain should be allowed to continue, the New York Attorney General Underwood said in a court filing rebutting claims the suit was merely political attack.⁣ ⁣ According to 18 U.S. Code Section 1956 (Laundering of monetary instruments). Whoever, knowing that the property involved in a financial transaction represents the proceeds of some form of unlawful activity, conducts or attempts to conduct such a financial transaction which in fact involves the proceeds of specified unlawful activity with intent to engage in conduct constituting a violation of section 7201 or 7206 of the Internal Revenue Cide of 1986; or to conceal the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity shall be sentenced to a fine of not more than $500,000 or twice the value of the property involved in the transcation. ⁣ ⁣ ⁣#Trump #Foundation #Fraud #MoneyLaunder #Lawsuit #AttorneyGeneral #BarbaraUnderwood #State #SupremeCourt #Political #StephensBrosTaxService #IRS #Code #TaxSeason #TaxLaw #FederalLaw #NewYork ⁣ ⁣ (at The State of New York Attorney General Office) https://www.instagram.com/p/Boje5DeBMtB/?utm_source=ig_tumblr_share&igshid=1ow6d7krfdru2

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NEW JERSEY SENATE PASSES TAX BREAK FOR C CORPORATION STOCK:⁣ ⁣ Allows deduction from New Jersey gross income of certain capital gains from sale or exchange of New Jersey qualified small business stock held for more than five years.⁣ ⁣ Under New Jersey Statue 54A:5-1, a Taxpayer who is an individual shall be allowed to deduct from the taxpayers gross income in a taxpayer year the eligible gain from the sale or exchange of New Jersey qualified small business stock held for more than five years. ⁣ ⁣ If the taxpayer has eligible gain for the taxable year from one or more sale, transfer or exchange of stock issued by any corporation, the total amount of the gain from sale, transfer, or exchange of stock issued by the Corporation which shall not exceed the greater of either ten million dollars ($10,000,000) or ten times the total adjusted bases of qualified small business stock issued. ⁣ ⁣All questions can be answered @stephensbrostaxservice #TaxBreak #NewJersey #Corporation #QBI #GrossIncome #StephensBrosTaxService (at Morris County, New Jersey) https://www.instagram.com/p/BocbkWFBxaG/?utm_source=ig_tumblr_share&igshid=fo1yzkznwiit

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MOBILE NOTARIES PAYING SELF-EMPLOYMENT TAX:⁣ ⁣⁣ ⁣ ⁣ Mobile Notaries must carefully itemize notarial versus non-notarial fees from loan signing assignments. If you are a self-employed Notary Signing Agent, IRS Publication 17 states that you must pay self-employment tax if you had net earnings of $400 or more from fees for services other than notarizing documents (for example, traveling to a signer’s home, delivering completed loan document packages, etc.). Any income falling into this category must be declared on an IRS Form 1040, Schedule SE for self-employment tax purposes.⁣⁣ ⁣⁣ “When the other advisors stop. We start.”⁣⁣ ⁣⁣ Schedule your free consultation: https://stephensbros.com/contact/⁣ ⁣ Tag a #NotaryPublic #RealestateAttorney ⁣ ⁣⁣ ⁣ #Notary #Mobile #SelfEmployed #Taxes #TaxSeason #Claim #Blue #Sea #StephensBrosTaxService #Travel #Loan #Signing https://www.instagram.com/p/Bm8b5wxBw2R/?utm_source=ig_tumblr_share&igshid=jo5tglxr8shi

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APPLICATION FOR WITHDRAWAL OF FILED FORM 668(Y), NOTICE OF FERDERAL TAX LIEN (INTERNAL REVENUE CODE SECTION 6332(J)):⁣ ⁣ You or your business received IRS form 668(Y), Notice of Federal Tax Lien. Form 668(Y) establishes the lien in certain assets, up to the amount of tax, penalty and interest due. You can satisfy the tax lien or disprove the back taxes by doing the following:⁣ ⁣ 1. Call your Secretary of State office or go to your state website and request a CERTIFIED UCC 11 (National Information Request) and pay the applicable fees.⁣ ⁣ 2. While you’re waiting for your Certified UCC 11 to show up in the mail. Go to your County Registrar Of Deeds’ office and conduct a thorough search for Notice 668’s (Tax Lien/ Levy) against you. Have them generate copies of whatever you want to terminate. You must have the serial number and the county’s book and page number for each Notice you plan to terminate. ⁣ ⁣ 3. Stop at your County Clerk’s Office and get a copy of the registrar’s oath of office and bond.⁣ ⁣ 4. Once you received your certified UCC 11, contact the Secretary of State’s office again or go on your state’s website and request UCC form 3 ( intended to use it to terminate an unfounded financial statement against you).⁣ ⁣ 5. Make sure you have one UCC 3 form for each Notice you want to terminate. In section IA, identify the document you want terminated - IRS serial number as seen on the Notice 668 and the county recorder’s book number and page number. Drop down to Line 2 and put an “x” next to her word “terminate”.⁣ ⁣ 6. At this point you should have your certified UCC 11, UCC 3 or forms filled out and your Notice 668 from your search at the registrar’s office. ⁣ ⁣ 7. Now go to the registrar’s office and get the above forms recorded in accordance to Form 12277 ( Application for Withdrawal if Filed Form 668(Y), Notice of Federal Tax Lien), IRC Section 6323(j). The Secretary of States UCC search reflects no liens against the debtor. Then, Notice of Lien was improperly recorded. ⁣ ⁣ #Notice668 #UCC #State #County #Certificate #SecretaryOfState #Registrar #Deed #TaxLien #StephensBrosTaxService #Bond #OathOfOffice CountyRecord #Form12277 #Form668 #Section6323

[stephensbrostaxservice]

ARE LAWSUIT SETTLEMENTS TAXABLE INCOME?⁣⁣ ⁣⁣⁣ If you sue someone like Monsanto’s for causing you personal physical injury or physical sickness (i.e. Non-Hodgkin Lymphoma) and the judge awarded you $289 millions to compensate you for your damages, medical expenses, lost wages, and pain, suffering, and emotional distress is not included in income, the full amount is non-taxable. ⁣⁣ ⁣⁣⁣ “When the other advisors stop. We start. ⁣⁣⁣ ⁣⁣ Schedule your FREE consultation at 800-558-6821.⁣⁣⁣ ⁣⁣ ⁣⁣#Settlement #Taxability #Monsanto #Lawsuit #GetTheBag #Cancer #Patient #DewayneJohnson #LostWages #LostProfits #PersonalInjuryLawyer #EmotionalDistress #MentalAnguish #MedicalExpenses #HodgkinsLymphoma #CutMeACheck #StephensBrosTaxService #TaxFreeWeekend ⁣⁣ ⁣ (at Los Angeles, California) https://www.instagram.com/p/BmrQsH3hW3O/?utm_source=ig_tumblr_share&igshid=17hjivkagfhil

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UNDERPAYMENT OF ESTIMATED TAX:⁣ ⁣ If you didn’t pay enough tax throughout the year, either through withholding or by making estimates tax payments. You may have to pay a penalty for underpayment of estimated tax. ⁣ ⁣ Small business owners should make estimated tax payments in four equal amounts to avoid a penalty.⁣ ⁣ Make sure your employees input the correct number of allowances on the Employee’s Withholding Allowance Certificate. ⁣ ⁣ Don’t wait until tax time to calculate how much you might owe the IRS... You don’t have to brace yourself. Contact 800-558-6821.⁣ ⁣ Unlike employees, small business owners are subject to self-employed tax. Plus, they must withhold part of Social Security and Medicare taxes from employees’ wages and pay the matching amount. ⁣ ⁣ #StephensBrosTaxService #TaxReturn #EstimatedTaxes #Quarterly #Tax #Avoid #Penalty #SocialSecurity #FederalIncomeTax #Payroll #Medicare #Withholding #TaxBrackets #TaxMatters #Credit https://www.instagram.com/p/BmgbmFaBy58/?utm_source=ig_tumblr_share&igshid=vmhuhiin0u67

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FREE BUSINESS CREDIT REPORT: Get free alerts to changes to your company’s Business Credit report. When you register for your FREE CreditSignal account, you’ll start to receive alerts whenever there are changes to your company’s Dun and Bradstreet Credit scores and ratings. #StayWoke #Ratings #Scores #Free #Alert #StephensBrosTaxService #Fico #Paydex

[stephensbrostaxservice]

Order a Transcript: Taxpayers who cannot get a copy of a prior-year return may order a tax transcript from the IRS. A transcript summarizes return information and includes AGI. They’re free and available for the most current tax year after the IRS has processed the return. People can also get them for the past three years. @stephensbros.com #AGI #Transcript #Order #Information #StephensBrosTaxService (at Henry Street Settlement)

[stephensbrostaxservice]

Countdown To Tax Day: 3 days left until the tax filing deadline. Schedule your free consultation at 800-558-6821. #3 #Days #Left #Until #Tax #Filing #Deadline #StephensBrosTaxService #JerseyCity #Linden #Rahway #Elizabeth #manhattan

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What is the difference between the Federal Employer Tax ID number (EIN) and the Individual Taxpayer Identification Number (ITIN)?⁣ ⁣ The Federal Government and Local States use numbers to identify you and your corporations or LLCs, such as a Social Security number, driver's license number, passport number, DUNS number and EIN (Employer Identification Number).⁣ ⁣ 𝗘𝗜𝗡:⁣ ⁣ An EIN, or The Federal Employee Tax ID Number, is an identification number used by the IRS to administer tax laws. The Federal Tax ID Number is used to identify an entity to the IRS, banks and other businesses. ⁣ ⁣ Your EIN Is like the social security number for a business. This number required to operate your business in the United States, such as establishing a business bank account in the United States, hiring employees and filing taxes with the IRS and your local tax. ⁣ ⁣ 𝗜𝗧𝗜𝗡:⁣ ⁣ An ITIN, or The Individual Taxpayer Identification Number is a tax number only available to certain non-U.S. residents and resident aliens and their spouses and dependents who cannot get a Social Security Number (SSN). However, you do not need a SSN to operate a business in the U.S.⁣ ⁣ ITINs always start with a "9" and are typically formatted like a Social Security number: 9xx-xx-xxxx.⁣ ⁣ The ITIN is needed by many non-U.S. residents who form a corporation or LLC in the U.S. If there is a tax filing requirement with the IRS, an ITIN is needed.⁣ ⁣ For example, if your business has a taxable event or U.S. source income and profits or losses that flow through to the member or shareholder, owners - depending on your business structure. Therefore, you would need to obtain an ITIN in order to prepare your tax return. ⁣ ⁣ ITIN’s are provided by the IRS regardless of immigration status because both resident and non-resident aliens may have a U.S. filing or reporting requirement under the Internal Revenue Code (26 U.S. Code). ⁣ ⁣ Do you need a ITIN? You can contact one of our ITIN Certified Acceptance Agents (CAA) at 800-558-6821. ⁣ ⁣ Tag a business owner who needs this information! ⁣ ⁣ #stephensbrostaxservice #ein #itin https://www.instagram.com/p/CGNQijsF-tT/?igshid=idqxavl1sh19