Star Tax Solutions

01/15/2024

It's that time of year again! Tax Season is here.
Schedule your appointment through our website
www.startaxsolutions.online

02/08/2023

Business Owner? S-Corp Election Deadline coming up! Why should you make the election?

02/06/2023

01/22/2023

Taxpayers can expect lower tax refunds this year because the pandemic tax benefits have ended

10/21/2022

Inflation Tax Adjustments for individuals for tax year 2023!

09/03/2022

Dealing with the IRS 😄

05/16/2022

Never Received Stimulus Checks

I have been getting a lot of calls lately regarding the stimulus checks from 2021. More specifically, the IRS thinks they sent you a stimulus check, but you never received it or it never posted to your bank account, and as a result IRS has reduced your refund or increased the money owed. What you need to do is initiate a payment trace:

The IRS allows taxpayers to initiate a request to locate a missing, stolen, or lost payment. Once you start the payment trace, the IRS will determine whether the check was cashed. If it has not, the IRS will cancel the payment and issue a replacement check. For payments sent via direct deposit, the IRS will contact the bank to attempt to recover the payments. Banks have up to 90 days from the initial payment trace to respond to the IRS’ request.

You can initiate a payment trace either by phone at (800) 829-1954 or (800) 919-9835 for stimulus payments, or by completing Form 3911, Taxpayer Statement Regarding Refund. If you are married and file a joint tax return with your spouse, the IRS will not allow you to initiate your request by phone; you will both need to complete Form 3911.

01/22/2022

This Tax Filing season there are a lot of changes in the tax code due to the pandemic. Why not leave the stress of tax preparation to a professional and be worry free?

If you contact us before Feb 15th you will get $25 off your tax preparation fees.

Phone 202-304-7753 or schedule your appointment online www.startaxsolutions.online

We are a tax preparation company that believes in providing affordable high quality tax services.

01/22/2022

Tip 2 - Stimulus Payments

Third Economic Impact Payment letter 6475: In late January 2022, the IRS will begin issuing letters to people who received a third payment in late January 2021. The letter says, “Your Third Economic Impact Payment” near the top and, “Letter 6475” on the bottom righthand side of the page.

Here’s what you need to know:
• Most eligible people already received their stimulus payments. This letter will help individuals determine if they are eligible to claim the Recovery Rebate Credit (RRC) for missing stimulus payments.
• If you are eligible for RRC, you must file a 2021 tax return to claim your remaining stimulus amount.
• You can also use IRS online account to view their Economic Impact Payment amounts.

01/21/2022

Tip 1 - Advance Child Tax Credit (CTC) letter 6419

In late December 2021, and continuing into January, the IRS started sending letters to people who received advance CTC payments. The letter says, “2021 Total Advance Child Tax Credit (AdvCTC) Payments” near the top and, “Letter 6419” on the bottom righthand side of the page. Here’s what you need to know:
• People who received advance CTC payments can also check the amount of the payments they received by using the CTC Update Portal available on IRS.gov.
• Eligible taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance Child Tax Credit payments can claim the full credit by filing a tax return.