3 Reasons Why You May Need A Notary

Southwest Tax Solutions • Aug 01, 2021

Here Are Some Common Reasons Why Someone Could Use A Notary

You’ve got a meeting with your boss. It’s going well, and you think it might be time to ask for a raise. You start thinking about what you want to say—and then remember that the company is going through some financial difficulties right now. Maybe this isn't the best time? You can't afford to put your job at risk by asking too much, but on the other hand, you've been working hard for years without any kind of increase in salary...

Now what do you do? Do you take the chance and go ahead with your request or does something hold you back? If only there was someone who could help guide those decisions... Enter: notaries public! Notaries are experts in witnessing signatures. They can help you with any kind of document that needs to be signed and witnessed- from a simple document authorizing your child to take out their cell phone plan, to a power of attorney declaring who is entitled to make important medical decisions for you if something were ever to happen.


Moral dilemmas like this come up all the time; that's why it's important to know how notaries can help during those stressful times!

Here are three common reasons someone might need the services of a notary public:


1. A Power of Attorney Can Be Used At Any Time

One common misconception about using a power of attorney is that they're only used when someone is unable to sign for themselves. This isn't always the case! For example, if a parent wants to give your minor child the ability to make certain decisions for you- like about what time your medications should be given or whether it's okay for the furnace at home need servicing- they can easily do this by using a power of attorney that gives these rights to your child.


2. Someone May Need A Business Authorization Document

Adding another person as an authorized user on a credit card account can prove useful in many situations; perhaps there are some items your business needs to purchase from a supplier and you'd rather not put them on your own personal account! You can sign over those purchasing rights under either a Power of Attorney document or authorization letter, depending on individual state requirements. These types of signatures are common when granting a spouse power of attorney over your finances. Similarly, adding someone to an LLC agreement can prove useful if you would like to have another person or two help you with your business.


3. A Notary Public Signing Can Increase Confidence Between Parties

A notary public signing is usually the last step in the process of creating a contract for many people. In fact, local and state governments often require this be completed before any other type of document can be signed! If you're unsure about something in a contract that needs signing there's no harm in calling up a notary first for advice on how best to proceed; they'll always want to make sure everyone involved is fully aware of what they're doing and comfortable going forward!



Southwest Tax Solutions offers fast, professional notary services in El Paso and surrounding counties! If you're ever in need of an official witness and/or notarized document, look no further than us!

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Third Child Tax Credit Coming September 15

14 Sep, 2021
The IRS is sending out tens of millions of dollars in Child Tax Credit payments to families across the United States in the coming days, making it the third such payment that has been sent by the IRS. The IRS stipulates that the money is paid out on September 15, and these payments will continue every month until the end of the year, at which point eligible taxpayers will receive the remaining amount in one lump sum in 2022. Over 30 million households in the United States have qualified for payments of up to $300 per month for children who are eligible aged five and under, as well as $250 per kid between the ages of six and 17.  Taking into account the last half of the Child Tax Credit payment, which will arrive in 2022, those eligible households will receive a total of up to 3,600 per child aged five and below, with the maximum amount for children between six and 17 being 3,000 dollars. To receive the full amount, the US taxpayer must have had a modified adjusted gross income of 75,000 dollars or less for single individuals, 112,500 dollars or less for head of households, or 150,000 dollars or less for married couples filing jointly. How To Track Where Your Payment Is If you did not get the payment, but you are eligible and discover that the Child Tax Credit has already been paid out, double-check to see if your address and bank account information are correct with the IRS. . If you're eligible and there's no sign of the payment, you can come into the Southwest Tax Solutions, so we can track where your payment(s) are and possibly get you more. If you choose to go it alone, request the IRS provide you an update if you miss any of these deadlines: Five days since the direct deposit date, provided the bank hasn't yet received the payment Four weeks since the payment was mailed to a standard address Six weeks since the payment was mailed if the post office has a forwarding address on file for the recipient Nine weeks since the payment was mailed for those with an international address If you have not missed any of those deadlines, the IRS will not be able to track your payment. This is why we urge you to come into our locations so we can get in touch with an IRS agent and manually locate it ourselves. In many cases, eligible households that have not yet received a check will find that their Child Tax Credit status has been updated on the portal to indicate "pending." If this is the case, it implies that the IRS is vetting your information and you will not receive the payment until the agency determines whether or not you meet the qualifications. However, the vast majority of families do not need to do anything to receive the money since they have already submitted their 2019 or 2020 taxes and claimed the Child Tax Credit. Alternatively, you may have used the IRS' non-filers tool to submit your information. You can also use the aforementioned Child Tax Credit Update Portal to modify your address, update your bank account information, and view payment history, among other things.
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