Category Archives: Income Tax Return

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Walmart Tax Refund Advance Loan

A Tax Refund Advance Loan is a loan against your tax refund offer by LA PREMIER TAX and other tax preparation firms suc h as Jackson Hewitt, Walmart Stores, H R Block, Turbotax, and Liberty Tax Service. Your tax refund is the collateral for the...

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Is it too late to file my taxes?

Generally, it’s never too late to file your taxes. Now here is the catch. If you are due a refund and you don’t file, you have three (3) years to do so. If you do not file within the 3 years period, you lose your refund. Now, if you owe...

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IRS Rules Regarding 1099’s

Below are the IRS 1099-Misc. rules regarding paying someone for services   File Form 1099-MISC for each person to whom you have paid during the year: At least $10 in royalties or broker payments in lieu of dividends or...

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Home Office Deduction Self-Employed

The home office deduction allows qualified taxpayers to deduct certain home expenses when they file taxes. To claim the home office deduction on their 2021 tax return, taxpayers generally must exclusively and...

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Who Is a Tax Accountant?

Ok. So, you ask who is a tax accountant. The short answer, a Tax Accountant is someone who has been train in preparing income tax returns and is an Accountant. Thus, the term Tax Accountant refer to someone that specialize in the tax laws, rules,...

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What is a CP53A IRS Letter?

Question: Why did I get a cp53a from the IRS if I didn't file taxes for 2020 it came in my child name also her father filed not me?” The IRS CP53A Letter means IRS tried to deposit your tax refund into your bank account but your bank cannot...

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