VIDEOS
Videos with Insightful Informational from Ace Plus Tax Resolution
$25K to 150K California small businesses – largest state grant!s
If you own a small business in California, you could get COVID grants up to $25 thousand dollars! On May 13, Governor Gavin Newsom proposed adding $1.5 billion dollars to a program providing grants of up to $25 thousand dollars to small business owners, which will help many more business owners to receive this grant. This relief program had $2.5 billion dollars to give away, but with the proposed addition of 1.5 billion dollars, it would put the fund at $4 billion dollars. This would be the largest state relief program in the country for small businesses. If this proposal is approved, it’s estimated to be able to provide grants to about 150,000 California small businesses. The grant would be incredibly helpful for those struggling to stay afloat in the current state. It’s been studied that 35% of small businesses are three months from closing, if they didn’t get additional financial help2nd $600 Golden State Stimulus Check + $500 for Dependents/Undocumented Families
Governor Gavin Newsom plans to triple the state’s investment in the Golden State Stimulus by expanding the stimulus to middle-class families. Once his proposal gets approved, 2 out of every 3 Californians will be eligible for the new $600 and extra $500 stimulus checks if you qualify. This total of nearly 12 billion dollars of potential direct cash payments to Californians is said to be the largest state tax rebate in American History.IRS will get $80 Billion to Close the Tax Gap from American Families Plan
What does President Joe Biden’s recently-announced $1.8 trillion proposal mean to you? We know that the IRS is vigorously trying to close the tax gap and expected to increase Audits & Collections. Over the past 10 years, the IRS has become under-funded, with many IRS employees being let go. Over this time, the audits by the IRS have fallen by 72% and the IRS has lost more than 17,000 employees. However, through President Joe Biden’s $1.8 trillion proposal, known as the American Families Plan, IRS enforcement efforts will be invigorated through a heightened budget. This plan is proposed to boost the IRS’s funding by $80 billion over 10 years. This will reform the IRS through technology upgrades and hiring more employees. Ultimately, it will help close the “tax gap” of about $700 billion over 10 years.Restaurant Revitalization Fund – Who has Priority & Risks You Might Face
Last Saturday, April 17th, the applications and details for the Restaurant Revitalization Fund were finally made public. In this video, we go over who will be given priority for this process and what risks you could possibly face. The SBA is continuously revising this process so we anticipate that it will be complicated but Ace Plus Tax Resolution is here to help! If you would like the application professionally prepared, please contact us.
April 13 IRS Confirmed – $3600 Child Tax Credit to Roll Out from July on a Monthly Basis
This new child tax credit is now $3,000 per child between the ages of 6 and 17. For children under the age of six, the new tax credit is $3,600. It is important to note that this new tax credit for 2021 is fully refundable. This credit is also special because it can be paid to you in advance. This means you can get 50% of the credit from July through December.They fully expect to launch in July, with payments going out on a monthly basis.
$1200 California Golden State Stimulus Check – Disbursing Started & When You’ll Receive It
California Franchise Tax Board will disperse California Golden State Stimulus Payments and Grants to qualified individuals! In this video, we cover eligibility, payment amount, when you’ll receive this payment, and actions you need to take to receive this payment.
$1400 3rd Stimulus Check to be sent to Non-Filers starting This Weekend
The IRS announced that they anticipate payments will begin to be issued to Non-Filers–Social Security, Supplemental Security Income, and Railroad Retirement Board beneficiaries who did not file a 2019 or 2020 tax return or did not use the Non-Filers tool. In this video, Regina from Ace Plus Tax Resolution explains why you may need to file a tax return to receive the stimulus benefits.
What You Need to Know About The New Restaurant Revitalization Grant and Tax Relief Strategies
Many businesses have been greatly impacted by the ongoing Covid -19 pandemic, including restaurants. In this video, Lana from Ace Plus Tax Resolution gives a helpful overview of the newly passed Restaurant Revitalization Grant and restaurant tax relief strategies.
Non-Filer Solutions the IRS Doesn’t Want You to Know
Many individuals in the United States do not file taxes and do not know the issues they are going to face. In this video, Lana from Ace Plus Tax Resolution gives insight to some solutions to fix your tax issues that the IRS does not want you to know about and that can help save non-filers thousands!
Social Security & SSI Beneficiaries – File Tax Returns ASAP To Receive Stimulus Checks
Do you receive Social Security or Supplemental Security Income benefits? Then it’s important to make sure that you and your family are getting the stimulus money that you’re eligible for by filing your 2020 taxes immediately even if you do not normally file. Once you file your taxes, you will get all EIPs that you are eligible for through what is known as a Recovery Rebate Credit. Once the return is processed, the IRS will be prompted to send out these checks. The IRS has also encouraged federal beneficiaries to submit their information so that all eligible dependents are counted in these EIP payments. If you had a child in 2020, you are eligible to receive a payment for this child. If your spouse or dependents have not received their stimulus checks they are eligible as well.7 Proven Strategies to Resolve Your IRS Problems!
Are you or someone you know experiencing trouble with the IRS? Having IRS troubles is a very serious and scary situation to find yourself in so make sure to watch this video to get strategies to help your situation! Here are 7 PROVEN STRATEGIES for dealing with IRS Problems that have given our clients amazing results. If you or anyone you know need professional representation with the IRS, pleased contact us. We serve clients all over the country.
Restaurant Revitalization Grant – SBA’s Must-Know Updates!
Note this update – The new proposed end date of the covered period that you can use the fund is March 11, 2023. Our team at Ace Plus Tax resolution can simplify the RRF application process for you, getting your restaurant the funds you need as seamlessly and quickly as possible.
April 5 IRS Update: Recovery Rebate Credit Plus-Up Payment, Non-Filer Stimulus Checks
Was your stimulus a different amount than expected? Then you may be eligible for an additional supplemental payment from the IRS! Also, the IRS could the RRC amount based on 2020 tax return. IRS has also confirmed that it started sending payments to Social Security and other federal beneficiaries who didn’t file a 2020 or 2019 tax return. Most of these recipients should get their payments electronically by April 7.
What to Do If You Owe the IRS and Can’t Pay Back Now?
Do you owe taxes to the IRS and can’t pay by the due date? The IRS wants you to pay on time and imposes significant penalties on you if you don’t and can take aggressive collection acts against you. Whatever tax issues you’ve experienced, you can count on Ace Plus Tax Resolution can help you with all of your tax issues.
How to Strategize and Maximize the $1400 Stimulus Check
The new stimulus checks are being sent out. However, not everyone will qualify for the full amount. The 3rd stimulus check amount is larger than either of the rebate amounts that were introduced in 2020 AND has less limitations. In this video, Regina from Ace Plus Tax Resolution breaks down the stimulus check benefit and reveals strategizing and maximization secrets
$1400 New Stimulus Check IRS Started Sending Out
The IRS announced the third round of stimulus checks to be sent out. In this video, Regina from Ace Plus Tax Resolution dives into the 1.9 million dollar stimulus package which included the 1,400 stimulus check, 300 weekly unemployment benefit until September 6th, and the child tax credit increase.
$1400 New Stimulus Check IRS Started Sending Out
The IRS announced the third round of stimulus checks to be sent out. In this video, Regina from Ace Plus Tax Resolution dives into the 1.9 million dollar stimulus package which included the 1,400 stimulus check, 300 weekly unemployment benefit until September 6th, and the child tax credit increase.