Synpro Financial Solutions

01/26/2022

The IRS is Cracking down with stricter security standards

The Internal Revenue Service is working with a company called ID.me as a third-party gatekeeper for accessing services on IRS.gov.

10/05/2021

SYNPRO Financial Solutions now offers DIY Credit Restoration services.

- No Contracts (Cancel at any time)

- Virtual Platform (Covid-19 Safe)

- Free Live Training

- Free Online Support

- Dispute Letter Library

- Start Your Own Credit Repair Business (Work from home)

$99/monthly with no set up fees and no contracts.

Cancel at any time.

We will mail your monthly dispute letters for you at no additional cost.

Get started today by going to:

www.synprofinancialsolutions.com/credit-services

Or call 877-886-6378

06/12/2021

Chlid tax credit portals online soon: IRS will let you update family info and opt out of monthly checks

Advance monthly payments for the child tax credit start arriving July 15. Families will be able to go online before then to inform the IRS of household changes.

06/07/2021

$10,200 refunds are on the way!

If you received unemployment benefits last year, you may be eligible for a refund from the IRS. The first $10,200 in benefit income is free of federal income tax, per legislation passed in March. The IRS is starting to send money to people who fall in this category, with more...

05/22/2021

04/24/2021

Americans face delays as IRS holds nearly 30M tax returns for manual processing

The Internal Revenue Service is holding 29 million returns for manual processing, contributing to longer refund delays for many Americans.

04/07/2021

To Our Amazing Customers & Clients,⠀
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We will be out of the office from April 8-April 13, 2021.⠀
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Please make arrangements to file or book services accordingly.⠀
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Any correspondence (email or phone calls) sent will be responded to within 2–3 days of our return.⠀
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Sincerely,⠀
�Synpro Financial Solutions

03/27/2021

A Friday announcement, the IRS said that taxpayers who've spent at least 7.5 percent of their adjusted gross income on PPE such as masks, hand sanitizer and disinfectant wipes "for the primary purpose" of curbing the pandemic can deduct those costs from their taxes.

"Amounts paid for personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of the Coronavirus Disease 2019 (COVID-19 PPE) are treated as amounts paid for medical care under § 213(d) of the Internal Revenue Code," the IRS said.

The IRS also said that taxpayers can use funds in tax-exempt health savings accounts, Archer medical savings accounts, health reimbursement arrangements and health flexible spending arrangements to pay for PPE used to stop the spread of COVID-19.

These provisions apply only to PPE-related expenses not covered by the cost of insurance incurred since Jan. 1, 2020. The IRS had previously extended the deadline to file 2020 taxes to May 17.

03/25/2021

Backlogs of paper tax returns ballooned due to the Covid pandemic, according to a report. An IRS official urged taxpayers to file an electronic return.

03/23/2021

Interesting

In St. Louis, the annual mean wage is $51,750, or 3.3% lower than the national mean of $53,490.