New Directions Financial Services
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General Information
Locality: Yonkers, New York
Phone: +1 917-710-5734
Likes: 51
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If you receive a letter from the IRS saying you owe taxes, check if there’s a barcode on it. The IRS is adding a QR bar code to its CP14 balance due notices - so if you receive a letter you can use your smartphone to scan the QR code to go directly to the IRS website for more information on resolving your situation.
BEWARE of scam text messages concerning economic impact payments! The IRS is warning about the latest scheme from fraudsters to steal your financial information. The text message tells you that you’ve received a direct deposit from the Treasury Fund for COVID 19 relief, but further action is required to accept the payment into your account. It then gives you a link, which leads to a fake site that mimics the IRS’s Get My Payment tool. DON’T respond to the text or open the link. The IRS suggests taking a screen shot of the text and email it to the IRS at [email protected] along with the date and time you got the text.
Below is a link to the Facebook Small Business Grants Program. The application process opened today at 10 am EST. They are offering $4,000 grants ($2,500 in cash, $1,500 in ad credit) to help during this time. To be eligible, you must: Be a for-profit company Have between 2 and 50 employees... Have been in business for over a year Have experienced challenges from COVID-19 Be in or near a location where Facebook operates
Application process opens today at 3 pm EST. If you employ between 3 and 20 people, are located in an economically vulnerable community, and have been harmed by the COVID-19 pandemic, you are eligible to apply.
WASHINGTON The Internal Revenue Service today issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019, 17 cents per mile driven for medical or movi...ng purposes, down three cents from the rate for 2019, and 14 cents per mile driven in service of charitable organizations. Keeping track of your mileage nowadays is easy! There are many free apps out there (like QuickBooks Self-Employed) that make it a breeze. Find one you like and start tracking today!
WASHINGTON The Internal Revenue Service this week launched a new Gig Economy Tax Center on IRS.gov to help people in this growing area meet their tax obligations through more streamlined information. The IRS developed this online center to help taxpayers in this emerging segment of the economy, said IRS Commissioner Chuck Rettig. Whether renting out a spare bedroom or providing car rides, we want people to understand the rules so they can stay compliant with their taxe...s and avoid surprises down the line. The gig economy is also known as the sharing, on-demand or access economy. It usually includes businesses that operate an app or website to connect people to provide services to customers. While there are many types of gig economy businesses, ride-sharing and home rentals are two of the most popular. Educating gig economy workers about their tax obligations is vital because many don’t receive form W-2s, 1099s or other information returns for their work in the gig economy. However, income from these sources is generally taxable, regardless of whether workers receive information returns. This is true whether the work is full-time, part-time, or if the person is paid in cash. Workers may also be required to make quarterly estimated income tax payments, or pay self-employment taxes if they are not considered to be employees. The Gig Economy Tax Center streamlines various resources, making it easier for taxpayers to find information about the tax implications for the companies that provide the services and the individuals who perform them. It offers tips and resources on a variety of topics including: filing requirements making quarterly estimated income tax payments paying self-employment taxes paying FICA, Medicare and Additional Medicare deductible business expenses special rules for reporting vacation home rentals For more information, check out the new Gig Economy Tax Center on IRS.gov.
WASHINGTON With tax season beginning soon, the Internal Revenue Service wants to remind you that choosing to have your tax refund directly deposited into your checking or savings account is the fastest way to get your money. It’s simple, safe and secure. You can also get your refund deposited into one, two or three different accounts, if desired. 8 out of 10 taxpayers get their refunds by using direct deposit. The IRS uses the same electronic transfer system to deposit tax ...refunds that is used by other federal agencies to deposit nearly 98% of all Social Security and Veterans Affairs benefits into millions of accounts. Direct deposit also avoids the possibility that a refund check could be lost or stolen or returned to the IRS as undeliverable. And it saves taxpayer money. It costs more than $1 for every paper refund issued, but only a dime for each direct deposit.
WASHINGTON The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.
This explains everything you need to know about those stimulus payments
This is a MUST read!
Tax FILING and PAYMENT deadline is now officially JULY 15!Tax FILING and PAYMENT deadline is now officially JULY 15!
Not an extension of time to file (yet), but, if you owe, you can defer for an additional 90 days beyond April 15th.
WASHINGTON The Internal Revenue Service today issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019, 17 cents per mile driven for medical or movi...ng purposes, down three cents from the rate for 2019, and 14 cents per mile driven in service of charitable organizations. Keeping track of your mileage nowadays is easy! There are many free apps out there (like QuickBooks Self-Employed) that make it a breeze. Find one you like and start tracking today!
WASHINGTON The Internal Revenue Service this week launched a new Gig Economy Tax Center on IRS.gov to help people in this growing area meet their tax obligations through more streamlined information. The IRS developed this online center to help taxpayers in this emerging segment of the economy, said IRS Commissioner Chuck Rettig. Whether renting out a spare bedroom or providing car rides, we want people to understand the rules so they can stay compliant with their taxe...s and avoid surprises down the line. The gig economy is also known as the sharing, on-demand or access economy. It usually includes businesses that operate an app or website to connect people to provide services to customers. While there are many types of gig economy businesses, ride-sharing and home rentals are two of the most popular. Educating gig economy workers about their tax obligations is vital because many don’t receive form W-2s, 1099s or other information returns for their work in the gig economy. However, income from these sources is generally taxable, regardless of whether workers receive information returns. This is true whether the work is full-time, part-time, or if the person is paid in cash. Workers may also be required to make quarterly estimated income tax payments, or pay self-employment taxes if they are not considered to be employees. The Gig Economy Tax Center streamlines various resources, making it easier for taxpayers to find information about the tax implications for the companies that provide the services and the individuals who perform them. It offers tips and resources on a variety of topics including: filing requirements making quarterly estimated income tax payments paying self-employment taxes paying FICA, Medicare and Additional Medicare deductible business expenses special rules for reporting vacation home rentals For more information, check out the new Gig Economy Tax Center on IRS.gov.
WASHINGTON With tax season beginning soon, the Internal Revenue Service wants to remind you that choosing to have your tax refund directly deposited into your checking or savings account is the fastest way to get your money. It’s simple, safe and secure. You can also get your refund deposited into one, two or three different accounts, if desired. 8 out of 10 taxpayers get their refunds by using direct deposit. The IRS uses the same electronic transfer system to deposit tax ...refunds that is used by other federal agencies to deposit nearly 98% of all Social Security and Veterans Affairs benefits into millions of accounts. Direct deposit also avoids the possibility that a refund check could be lost or stolen or returned to the IRS as undeliverable. And it saves taxpayer money. It costs more than $1 for every paper refund issued, but only a dime for each direct deposit.
WASHINGTON The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.
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