Mitten Financial Services

03/18/2020

⚠️ TAX DEADLINE EXTENDED TO JULY 15, 2020⚠️

The U.S. government will postpone the April 15 tax-payment deadline for millions of individuals, giving Americans an additional 90 days to pay their 2019 income-tax bills in an unprecedented move intended to ease the economic pain inflicted by the coronavirus.

The IRS, using authority under President Trump’s national-emergency declaration, will waive interest and penalties as well, Treasury Secretary Steven Mnuchin said at the White House on Tuesday. The delay is available to people who owe $1 million or less and corporations that owe $10 million or less, he said.

If you do not owe taxes, this does NOT apply to you. If you are expecting a tax refund, this does NOT apply to you. However, I encourage you to file your taxes as soon as possible to avoid any delays.

Questions or Concerns? Schedule a call to speak with a professional today! ---> https://bit.ly/2IUg8ju

02/27/2020

5/5 ways to maximize your refund, educate yourself! Not all education is created equally. Maybe what you need to learn can be completed in a simple online course versus college. Ask yourself what you would like help with. Is it structuring your business? Is it couponing to save money? Find a course and invest in your future wallet!

02/27/2020

4/5 ways to maximize your refund check. LOSE IT! What would you do if debtors snatched up your entire check and you got nothing back? Oh, nothing. Life would go on. Take your money and open a retirement account or even a savings account. Even if you know absolutely nothing about investing, you can still fund the account and let the money sit there until you’re further educated. Refund checks aren’t forever but you can reconfigure them to be.

02/27/2020

3/5 ways to maximize your refund check. Travel! Take a trip! Go somewhere that you’ve never been. It’s easy to get caught up in the same cycle of how and where you spend your money when you’ve been looking at the same surroundings for your entire life. When you finally realize that you’ve been playing, “keep up,” with a bunch of people who are behind, your entire mind will shift. When you see more, you dream bigger and land higher. If you filed with us, you get a complimentary hotel or resort stay.

02/27/2020

2/5 ways to maximize your refund check! Business owners, please legitimize your business! Set your business up as an LLC and hire yourself, trademark your name, get a professional logo and website. Go out and have your products professionally photographed or buy a nice camera. All of these things set you far ahead of others who offer what you do. If you’re ahead, you get seen first. Visibility = Money. McDonalds tastes mediocre at best but there’s ALWAYS one visible.

02/27/2020

1/5 ways to maximize your refund check! If you have less than perfect credit, go down to your local credit union for a secured loan! How does this work? You give them $1,000 and in turn they give you a $1,000 loan. Keep the “loan” in a savings account and let them auto draft monthly. After a year, you can pick up your $1,000 AND you’ll have a perfect payment history on a loan for twelve months that reflects on your credit.

02/27/2020

Due to the inclement weather today, our office will be closed. Be safe everyone!

02/13/2020

Dear Taxpayers,

With February 15th quickly approaching, the IRS will soon be releasing refunds for taxpayers with Additional Child Tax Credit and Earned Income Credit. This year February 15th falls on a Saturday and Monday the 17th is a Federal holiday.

Because of the way the calendar 📆 falls this year and the multiple steps the government must go through to release this huge 💰 funding, we are expecting that refunds will not be received at the bank and released for disbursement to taxpayers until the latter part of next week.

Please remain PATIENT with the IRS and your trusted Tax Professional...the 💰 is ON THE WAY! 🙌🏾

02/12/2020

The IRS provided an update for those waiting for refunds that filed tax returns and claimed the EITC or ACTC. “Where’s my Refund” will start to update statuses as EARLY AS 2/22/2020.

02/10/2020

We get a lot of questions from startups about if they’ll have to file taxes on that income. If you made more than $400 in the year of 2019, you MUST file that income!

Ready to file? Click on the link below!

https://bit.ly/3aJKHoT

02/08/2020

Every year, we see these types of INACCURATE posts going around. If it’s not directly from the IRS, don’t believe it. The IRS does not publish a refund release date calendar.

The best way to track your refund is to visit the IRS website and use the “Where’s My Refund” tool 🛠 .

Also, if you have already filed your taxes and you received the Earned Income Tax Credit or Additional Child Tax Credit, the IRS WILL NOT PROCESS your return until 2/15/2020! Please be patient with the IRS.

01/30/2020

What do you guys think of this?!

A new House bill aims to reform credit reporting, and will help some borrowers boost scores.