Tax Preparation

Will The "Build Back Better Act" Help Your Family?

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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.

How To Get In Touch With Someone At The IRS The IRS is the main government agency that deals with taxes. With the IRS, you can find answers to your tax-related questions and concerns and file your tax returns, but what do you do if you can't get in contact with someone at the IRS for some reason? The best thing to do in this situation is to call the helpline and they will provide any support needed. However we all know the helpline takes forever, they want you to use an annoying automated system and you're looking for another human. After you're done letting the IRS and their archaic phoneline waste your time, come to Southwest Tax Solutions, we will be happy to help you. Our tax consultants have a shortcut to help, from an actual human, at the IRS. What Is The IRS? The Internal Revenue Service is a government agency that deals with taxes and their job is to take care of all your tax-related questions and concerns. You can also file taxes through them. The IRS is great if you are familiar with all the tax laws and regulations but what if you are a small business owner who needs to talk to someone from the IRS about how to file taxes? Well, there is help out there. How To Get In Touch With Someone At The IRS? Government agencies are understaffed and overworked. As such, it can be really hard to get in touch with someone from the IRS for certain services when you need them. If you are reaching out to the IRS for help with your taxes, you might not be able to speak with a representative right away. However, if you call the IRS help line, they'll be able to provide you with any information that is needed. If you have additional questions or concerns after speaking with the IRS helpline, Southwest Tax Solutions is happy to assist. Our tax consultants have also created a shortcut for assistance at the IRS so that we're able to offer our assistance quickly and efficiently without any hassle on your end. Southwest Tax Solutions Is Always Happy To Help The IRS is an important government agency that deals with taxes. With the IRS, you can find answers to your tax-related questions and concerns as well as file your returns. If for some reason you cannot get in contact with someone at the IRS, there are several different things you should do: 1) Call their helpline which will provide any support needed; 2) Consult a tax consultant like Southwest Tax Solutions who has a shortcut to help at the IRS; 3) Contact them by emailing them directly. The best way to get in touch with anyone at the IRS is through one of these three ways because they often have more direct access than phone lines and emails. Ultimately, the team here at Southwest Tax Solutions will be able to answer any questions you may have and get in touch with someone quickly at IRS if it's needed. Come by our office and let us take care of all of your needs!

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