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August 23, 2021 | Uncategorized | No Comments

Do you have issues receiving your Monthly Child Tax Credit Payment?

 

If your answer is yes, you will now have the opportunity to receive your payment in a quick and easy way!

The Internal Revenue Service or IRS has launched a tool in the IRS website to help families to receive their monthly payment.

You will only need to click in the following link if you need to verify your eligibility, update your address, or switching between receiving paper check or direct deposit:

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

This is ONLY located in the IRS website, be aware of scammers.

WHAT IS THE NOTICE1444?

January 27, 2021 | Uncategorized | 2 Comments

IRS Notice 1444 is the form that shows the amount of the recipient’s Economic Impact Payment (EIP) and will be mailed to every EIP recipient’s last known addresses within 15 days after the payment goes out. You should not be alarmed that you are receiving this notice from the IRS. The IRS notice 1444 information will be needed for your 2020 tax return. Taxpayers should keep this notice filed with all their other important tax records. These include, W-2s from employers,1099s from banks and other payers, other income documents and virtual currency transaction records. IRS has explained the tax implications of receiving an economic impact payment. They note that the payments are considered an advance credit against 2020 tax. Taxpayers will not include the payment in taxable income on your 2020 tax return or pay income tax on the payment. It will not reduce your refund or increase the amount of tax you owe when you file a 2020 Federal income tax return next year. When you file a 2020 tax return, you may claim any additional credit for which you are eligible. The IRS has provided further details and you can access your case in the following:

www.irs.gov/account

For further information, call our office at: (979) 316-3338

If you have received only one or none of your stimulus checks and you are eligible, do not worry!! VARGAS SERVICE MANAGEMENT can help you to claimed it with your Income Tax.

Ask us how. Call NOW (979) 316-3338 or visit us in our office at:

410 Flag Lake Drive Ste C
Lake Jackson, TX 77566

The Lone Star State tops Chief Executive's 15th annual Best and Worst States for Business survey. 

Texas secured the No. 1 spot on Chief Executive’s Best and Worst State for Business survey. Texas achieved the top spot each year since the ranking's inception. The rankings reflect CEO perceptions of best and worst states for business based on a  range of key measures. The Lone Star State's  dominance in this ranking is thanks to its hospitable business climate, top-notch workforce and high quality of life.

Texas was followed once again by Florida at No. 2, while North Carolina fell to No. 4, replaced by Tennessee at No. 3, and Indiana remained at No. 5.  As Jim Lentz, CEO of Toyota Motor North America, put it: “I want to be an employer where people want to come, and in the case of California, the cost of living was eroding the quality of life. In Texas, the hospitality of the South and the pioneer spirit of the West and the values of the Midwest all blend together to create this very positive climate that results in a great quality of life.” California again ranked  at the very bottom on the list.  According to Chief Executive, “The divergent fates of California and Texas are illustrated  in a single development. Toyota is very happy that it yanked its sales and marketing operations from Southern California two years ago and consolidated its nationwide U.S. staff of 4,000 people at the newheadquarters in the Dallas area.