MKG Tax Consultants News, View Points, Taxes & Finances

The American Rescue Plan Act made changes to the Child Tax Credit for 2021 that will significantly affect many taxpayers when they file their 2021 tax returns. As a result of this legislation, many taxpayers with minor children can anticipate receiving monthly payments representing 1/12 of the anticipated credit on the 2021 tax return starting in July 2021. Any advance credit received by the taxpa...

The child and dependent care credit allows taxpayers to directly reduce their taxes by the amount spent on expenses related to child or dependent care, such as day care, babysitters or related transportation. Thanks to a one-time expansion in the American Rescue Plan Act , parents who paid for child care in 2021 are eligible to receive up to 50% of their expenses back as a tax break or refund. The...

The Internal Revenue Service (IRS) has announced that taxpayers can begin filing their 2021 tax returns on Monday, January 24, 2022 The Jan. 24 tax-filing start date for 2022 is 19 days earlier than 2021's start date of Feb. 12. At the same time, the IRS warns that the upcoming filing season could be frustrating for taxpayers and tax preparers alike due to pandemic-related delays, a back...

To help taxpayers reconcile and receive all of the Child Tax Credits to which they are entitled, the IRS will send Letter 6419, 2021 advance CTC, starting late December 2021 and continuing into January. The letter will include the total amount of advance Child Tax Credit payments taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments. People should...

If you receive $600 or more payments in total for goods and services through a third-party payment network, such as Venmo, Cash App, or Zelle, these payments will now be reported to the IRS. The new rule results from the American Rescue Plan signed into law in March 2021 and will mainly impact business owners using third-party payment network providers. The IRS is cracking down on payments receive...

Whether you’re buying or selling a home, the experience can be both rewarding and stressful. FHA Loan Requirements Credit score of at least 500. Debt-to-income ratio of 50% or less. 3.5% down payment if your credit score is 580 or higher. 10% down payment if your credit score is 500-579. The house must be your primary residence and must meet the FHA’s minimum property requirements. The beauty of f...

M&T is an innovative team of professional and credit certified individuals who work thoroughly and diligently to improve our clients’ credit scores and financial future. Bad credit can be affecting you more than you know. M&T Credit Services, LLC has helped our satisfied clients repair their credit and qualify for home loan. With our highly professional and methodological approach, we cut...

The lack of wealth in many African-American households has left them especially vulnerable to the financial fallout from the coronavirus crisis; but the federal government has perhaps its best opportunity yet to fix these racial disparities. Huge wealth disparities between Black and white households in America existed long before the COVID-19 pandemic and have continued during the crisis. Data sho...

At Fresno Capital Formation our definition of financial wellness calls for a mindset shift—on both individual and institutional planes. If every person is a unique collection of their own experiences, opportunities, and interests, their finances should be as well. In perpetuating the class system narrative and fighting the wealth war with one-size-fits-all planning, we are instead asking people to...

Operation Choke Point All Americans, entrepreneurs and small businesses across our great country come from very different walks of life. They have taken great risks and share a common dream to start a company that can one day become profitable and provide for their families. While businesses face incredible hurdles before they succeed, the ones that do survive provide the foundation for our local...

The Income Gap: Richest Americans Vs. Other Americans Another way to compare annual income for the elite one percenter club and the "bottom" 99% percent is this: Nationwide, top 1% percenters' average yearly income is a staggering twenty five and a half times the annual earnings of the bottom ninety nine percent. The discrepancy is sharpest in New York. There, top one percenters have nearly 39 mor...

Banking-as-a-Service Electronic Refund Deposits (ERD) up to $10K Features Identity Theft Shield (TaxShield) Identity Verification Powered by Artificial Intelligence Biometric identification Address verification ID proofing check Similarity check Certified liveness check Bureau Credit Reports and Scores W-2 transcript and ten ninety nine transcript (Income Verification) Remote Check Deposit Our mis...

Why are there so few black investors Today, some of the world's most respected and successful figures are in the tech industry. They include the entrepreneurs who have developed innovative products and launched industry-changing companies and the venture capitalists who provide money and assistance to help theses companies thrive.  But with the crypto industry and technology sector continues...

We all know DeFi has been a hot topic of 2021, maybe THE hottest topic, but is that it? Are we done with DeFi? Nope, I don’t think so, we’ve barely started.   Remember the whole crypto space is still early. The global cryptocurrency market will hit $4.94 billion by 2030 , more than triple its estimated size of $1.49 billion in 2020.   Source Cited: https://www.yahoo.com/now/cryptocurrenc...

PayPal touts digital wallets In brief CEO Dan Schulman said digital wallets could be a solution to stimulus bottlenecks. Schulman also alluded to the promise of DeFi on the earnings call. PayPal CEO Dan Schulman raised the possibility of using digital wallets to distribute stimulus funds rather than the current slow and expensive banking system. Is there a better way to distribute stimulus payment...

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Question: Why should anyone invest in crypto? There’s little doubt that digital currencies have seen remarkable growth. Spurred on by the incredible growth of bitcoin (BTC) and ether (ETH), the field of cryptocurrencies has only continued to expand. In addition to initial coin offerings (ICOs), there are now many new types of blockchain investment products, from decentralized finance to non-fungib...

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Metropolis Decentralized Exchange is a diversified digital asset technology company, that provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative ERC-20 tax refund financial products. We’ve created and constantly update 3 useful lists: Active ICOs, Upcoming ICOs and Ended ICOs for everyone who is interested in ICOs and wants to stay current on the topic. The lists look li...

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CoinMKG ERC-20 is an Asset-Backed cryptocurrency  MKG Enterprises Corp Financial Services  is a diversified consumer finance company. Our company provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative tax refund financial products  MKG Tax Consultants is considered one of the most innovative  fintech  in the tax industry. Combining blockchain, cr...

Invest as little as $100 in MKG Enterprises Corp on Wefunder. A future Equity Agreement (SAFE) gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $500K eventually. EARLY BIRD TERMS: $249,900 LEFT https://wefunder.com/mkgenterprisescorps We are excited to now be raising capital on Wefunder to allow retail investors to invest as lit...

Black Finance Month | Black History Month Black Finance Month Black History Month Focus on the hard times ahead with thoughts of those who came before you. Focus on the mission ahead with thoughts of your role as a leader in your community. Focus on the obligations of your family with thoughts of their needs first, personal needs last. Focus on the future of your people with thoughts of your cours...

More than 20 million American taxpayers spent at least an estimated half a billion dollars in 2017 on financial products that are based on their anticipated tax refund, according to the National Consumer Law Center. Tax-time financial products, typically offered by banks and made available by providers of tax preparation services, include refund advances and refund anticipation loans (credit produ...

Crowdfunding Advisory Services “CAS” Click here to schedule a free consultation MKG Tax Consultants provides startup crowdfunding advisory services to meet the  SEC Eligibility Requirements for Form CF  submissions to regulated funding portals for issuer offering or selling securities in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Section 4A and Reg...