Live with Angelina King - 2022 Taxes 2021 tax year and How to align for 2022

We all hate tax season, but it's a necessary activity that we all must do to pay public workers to ensure safety and stability of the civilians of the country.

If you have any tax questions, please ask them now before you start filing your taxes!

Angelina King is the owner of 718 Tax Services. It is a tax preparation company based in Jacksonville, Florida.

Watch on Youtube: - https://youtu.be/jGPgATt36yY  

Check out 718 Tax Services:

https://www.718taxservices.com/

IG: https://www.instagram.com/718taxservices/

Also Watch Her on Prior Episodes: https://youtu.be/5bfmOFZ82Ac (Season 2 episode 1 - How to pay less in Taxes)

Subscribe on youtube.com/aboutthatwallet 

**CORRECTIONS**

01/05/2022 - Angelina misspoke on the tax treatment of digital product sales. Digital products can be included as misc. income on Schedule C not Schedule E. Certain states may or may not tax at the state level.

**Additional Information**

There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure their tax filing experience goes smoothly in 2022. They can start by visiting the Get Ready page on IRS.gov. Here are some other things they should do to prepare to file their tax return.

Gather and organize tax records

Organized tax records make preparing a complete and accurate tax return easier. They help avoid errors that lead to processing delays that slow refunds. Having all needed documents on hand before taxpayers prepare their return helps them file it completely and accurately.

This includes:

✨Forms W-2 from employers

✨Forms 1099 from banks, issuing agencies and other payers including unemployment compensation, dividends, distributions from a pension, annuity or retirement plan

✨Form 1099-K, 1099-MISC, W-2 or other income statement for workers in the gig economy

✨Form 1099-INT for interest received

✨Other income documents and records of virtual currency transactions

Taxpayers should also gather any documents from these types of earnings. People should keep copies of tax returns and all supporting documents for at least three years.

Learn and read about the complete IRS tax tip below. It is worth being prepared for 2022.

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DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with.

#Taxes #718taxservices #W4 #tax #taxcredit #Deathtax

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