Total Tax Solutions

You must report all INCOME trust me the IRS will find it

If you don’t the IRS may issue you out a letter after you received your refund. Stating that they have received third party income. In most cases you will owe them.

Reporting rules changed for Form 1099-K. Taxpayers should receive Form 1099-K, Payment Card and Third Party Network Transactions, by January 31, 2023, if they received third party payments in tax year 2022 for goods and services that exceeded $600.

Read carefully and EXPECT returns to be smaller

•Those who got $3,600 per dependent in 2021 for the CTC will, if eligible, get $2,000 for the 2022 tax year.
•For the EITC, eligible taxpayers with no children who received roughly $1,500 in 2021 will now get $500 in 2022.
•The Child and Dependent Care Credit returns to a maximum of $2,100 in 2022 instead of $8,000 in 2021.

Last tax season...we experienced so many changes due to COVID 19. The experience was frustrating for some clients. We really understand and continue reading for ways how we are helping. Before we start, we would like to say thank you to each and everyone of you for trusting us here at total tax solutions. Our company is growing daily and we wish to continue to provide the client care and support throughout the mid south and surrounding areas!

Have you received your return?

Update: World wide the IRS are still processing and funding returns to date. The IRS will pay interest on returns that are still being processed after the tax deadline. We understand that this process is very frustrating. We are doing everything we can to help. Often times those cases are limited once the return has been transmitted to the Internal Revenue Service. Rest assure, that we will help rectify your tax situation!

This is what we are doing?

Our company do not close until the last client receive their refund or an IRS letter. We are still closely monitoring each client that was affected by this delay. If you do not have any idea what’s going on. Please contact the IRS immediately.

What we are advising our clients to do?

We are asking our clients to pay close attention to the mail and continue to check your IRS transcript for any changes.

Different types of letters

Additional documentation

If you receive any letters from the IRS you must respond to the IRS. Please provide any requested documentation before the deadline on the letter.

60 day review

Normally, 60 day reviews doesn’t require any documents. If you have not received or heard anything after 60 days. Contact the IRS immediately.

ID verification

If you receive ID verification letter. The IRS will not release your funds until you have successfully completed the verification process. You have the choice to complete online, schedule appointment or over the phone

If your return was successfully transmitted to the IRS and you have any questions please contact us!