**** Jeff The Tax Man is currently working on tax return client #144, which we received in our office on 3/9/22. Please bear with us; with our new portal system we are having to print off the submitted documents, making it slower to create the physical files on which to work to prepare the tax returns. (For those using the portal, it would help us greatly if, whenever possible, you upload multiple documents in one file, instead of separate uploads for each document. Thank you! And if you don’t have a scanner and can’t, that’s okay.) New clients, don’t forget to have him amend your 2018, 2019, and 2020 tax returns to recover overpaid taxes from past years. Remember the IRS does not assess a penalty for late returns where they owe you a refund. ****
*** BIG NEWS – AFTER PERFORMING OUR DUE DILIGENCE, COMMITTING ADDITIONAL COSTS, GOING THROUGH TRAINING, AND EMPLOYING EXTRA SECURITY MEASURES, WE ARE PLEASED TO ANNOUNCE THAT WE HAVE A NEW SECURE CLIENT PORTAL THAT CAN BE ACCESSED AT https://jeffthetaxman.securefilepro.com/. IT IS MUCH MORE SECURE THAN OUR FORMER CLIENT PORTAL, BECAUSE DRAKE PORTALS, LIKE THE DRAKE TAX SOFTWARE THAT WE USE, EMPLOYS MULTI-FACTOR AUTHENTICATION TO GAIN ACCESS TO IT. FOLDERS HAVE ALREADY BEEN SET UP FOR EXISTING CLIENTS AND THEY WERE SENT A TIME-SENSITIVE INVITATION EMAIL TO ACTIVATE THEIR ACCOUNT. FOR NEW CLIENTS THEIR IS A GUEST LOGIN AVAILABLE FOR YOU TO GET STARTED. WHEN USING THE PORTAL, IF YOU HAVE A SCANNER, PLEASE SCAN INTO ONE FILE ALL THE DOCUMENTS YOU INTEND TO UPLOAD AT ANY ONE TIME, INSTEAD OF SEPARATE UPLOADS FOR EACH INDIVIDUAL DOCUMENT. IN ADDITION, YOU MAY WISH TO CREATE SEPARATE SUBFOLDERS FOR EACH TAX YEAR INTO WHICH TO UPLOAD THE TAX DOCUMENTS FOR THAT SPECIFIC TAX YEAR. THIS PORTAL WILL BECOME OUR PRIMARY DELIVERY SYSTEM FOR SENDING AND RECEIVING TAX INFORMATION AND FINISHED RETURNS. OF COURSE, YOU MAY STILL SUBMIT TAX DATA VIA MAIL, EMAIL, FAX, OR PERSONAL DROP OFF, ALTHOUGH WE BELIEVE THAT THE PORTAL IS THE MOST SECURE AND EFFICIENT MEANS AVAILABLE. ALSO, ALTHOUGH WE WILL EMAIL A DIGITAL COPY OF THE FINISHED AND/OR E-FILE ACCEPTED RETURN, WE WILL STILL MAIL TAX RETURNS TO CLIENTS WHO SPECIFICALLY REQUEST IT AT NO CHARGE FOR THE FIRST MAILED COPY(IES) (FEDERAL AND STATE[S]); $15 FOR EACH ADDITIONAL MAILED COPY. AND OF COURSE, WE WILL RETURN ALL ORIGINAL DOCUMENTS VIA MAIL TO THOSE WHO SUBMITTED THEM TO US. (ALSO, WE DISCOVERED THAT A THIEF USED OUR OLD EMAIL ADDRESS TO LINK TO HIS/HER BANK ACCOUNT WITHIN THE PAYMENT PLATFORM, ZELLE. SO, IF YOU SEND PAYMENTS TO US VIA ZELLE, BE SURE TO SEND THEM TO OUR NEW EMAIL ADDRESS AS OF 10/1/20, WHICH IS email@example.com.) ***
** See FAQ #48 for information, guidance, and my opinion of the Advance Child Tax Credit program. **
*** The American Rescue Plan Act of 2021 passed on March 11, 2021 provided that the first $10,200 per spouse of unemployment compensation received in 2020 is nontaxable. On 3/31/21 the IRS announced, “To help taxpayers, the Internal Revenue Service announced today that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.” ***
*** Jeff The Tax Man requires that all new and existing clients read his 2021 Client Letter to learn more about our latest company developments and the new tax law provisions that may significantly impact you. You can download it, plus instructions and required paperwork for all 4 types of clients, from both the “Tax Worksheets” and “For Directors” pages of this website. To become a client, go to the “Tax Worksheets” page of this website and follow the published instructions. We accept tax data via OUR NEW CLIENT PORTAL (RECOMMENDED), mail, email, fax, or physically placed in our lockable drop box on the north side of our house by the iron gate at the back of our driveway. Moreover, the IRS is alerting taxpayers who have not filed their prior year tax returns that they are in jeopardy of losing any potential refund if they do not file it within 3 years from its due date, including extensions. So, if you have not filed your back tax returns and especially if you think you are due a refund, get us the tax data for those years ASAP…before you lose the opportunity to claim that money! ***
***** BIG NEWS! Jeff The Tax Man has developed an Excel spreadsheet onto which you can enter your daily M-K activity and it will flow that information onto a master spreadsheet that generates a total for each category by month, as well as totals for the entire year, which you can then put on our Cosmetics Business tax worksheet. Like our M-K tax workshop video, which is now reduced to $10.00 (see “Speaking Calendar” page), it is available for purchase at this website and delivered to you as a download from a dropbox folder to your email address. Click here for the announcement and purchase order form. Once you use it, give us your feedback. *****
** Get an extended version of our nationally famous M-K tax workshop on video for only $10.00 (plus tax for TX residents) to watch as often as you like. In this video you will learn 1) Jeff The Tax Man’s 1-minute per day record keeping system that empowers Consultants to get to Directorship faster, 2) how your life can make a difference through M-K, 3) how the M-K business is a good tax shelter, which makes this a GREAT recruiting tool, 4) how to maximize the deductions in your cosmetics business, and 5) how you can potentially recapture lost tax dollars by amending prior year tax returns. Click this link to Get the M-K Tax Workshop Video in digital format to watch whenever and wherever you want on any device that plays video. Then give us your feedback. **
** If you missed our M-K Tax Workshop conference call from 1/24/22, listen to the recording by dialing (757) 841-1053, entering the access code 440495#, and then entering #. **
** We have a new way to pay us – simply email your payment to our firstname.lastname@example.org email address via the Zelle app in your bank’s online bill pay option. If your bank does not have that, consider opening an account with Chase https://accounts.chase.com/raf/share/353535771 and use their QuickPay option. Or, download the Zelle app to your phone here and start sending and receiving money instantly. **
* DO NOT RESPOND TO EMAILS OR PHONE CALLS FROM SCAMMERS PRETENDING TO BE FROM THE IRS WANTING TO HELP YOU GET YOUR STIMULUS BY GIVING THEM YOUR S.S. # AND/OR BANKING INFORMATION. THE IRS DOES NOT CONTACT YOU VIA THESE METHODS. *
*** IF YOU ARE WONDERING IF THAT PHONE CALL OR EMAIL IS TRULY FROM THE IRS, CLICK HERE FOR THE DEFINITIVE RESOURCE, AS WELL AS INSTRUCTIONS ON HOW TO REPORT THE FRAUDSTERS TO THE PROPER AUTHORITIES. ***
*** ALERT!!! New tax scam using fake tax refunds. See the “News and Alerts” page for details. ***
Also, for the latest news and alerts regarding taxes or Tax Prep Financial Services, go to the “News and Alerts” page.
For reasons to use our services, go to the “Why Use Jeff” page.
To learn about our company and Jeff The Tax Man, go to the “About Us” page.
To see what services we provide and don’t provide, go to the “Services” page.
To read stories of what we have done for other clients, go to the “Testimonials” page.
For all our resources we provide for cosmetics Sales Directors, go to the “For Directors” page.
For all our tax education resources, go to the “Speaking Calendar” page.
To learn about making quarterly estimated tax payments, to get payment vouchers, or to make a federal tax payment go to the “Estimated Tax Pmts.” page.
For answers to frequently asked questions, go to the “FAQ” page.
*** For an alternative to expensive health insurance that is exempt from the Obamacare penalty, click here ***
To check on the status of your refund, click HERE, or see the “Where is my refund?” link in the green sidebar, or call the IRS at 1-800-829-4477.
To become a fan of Jeff The Tax Man Peterson and Tax Prep Financial Services on Facebook so you can receive alerts and updates instantly, click here.
Our motto is “Pay YOURSELF, not the IRS”
We specialize in preparing income tax returns for independent beauty consultants, Directors, Senior Directors, Executive Senior Directors, and National Sales Directors of a particular global cosmetics company. At last count, we have over 100 clients who are Directors and above, and that number is growing every year. In fact, over 90% of our clients have a home-based business and over 90% of those operate a cosmetics business. (These are not your normal, simple tax returns, and our business is not your typical storefront, prepare them while you wait, tax preparation firm.) Since our beginning in 1991, we have grown from 8 clients to nearly 400 today, virtually all by word of mouth referrals, probably like yourself. Moreover, we have expanded our influence into 25 states and several foreign countries. We understand home-based businesses and their unique tax deductions because we are one. So if you operate a home-based business, we know how to prepare your tax return. And if you operate a particular cosmetics sales and management business, we know how to prepare your business’ tax return probably better than anyone else in the country – because we make it our business to know that business. Jeff The Tax Man contends that there is not another single tax preparer in the country who prepares as many of these type of returns as he does, and that he prepares approximately 50-100 times as many of these type of returns as most preparers. That’s why we have saved thousands of people literally millions of dollars in tax and how we will help you “Pay YOURSELF, not the IRS. “You may ask if our expertise is worth the money you would pay us to prepare your tax return? Click on “Testimonials” to see where Jeff The Tax Man’s expertise got one National Sales Director over $20,000 more on the same federal and state tax returns than her previous CPA. Moreover, you may ask if having us prepare your tax return is worth the projected wait. Well one client on our “Testimonials” page wished they had not paid their former tax preparer his fee, only to have to pay us to prepare it all over again in order to find them an ADDITIONAL $6,964 IN TAX SAVINGS. The moral: pay us to do it right (and thus get you the most tax savings) the first time!
* We charge for our services, including telephone or email consultations lasting over 15 minutes. For our rates, refer to our Policy Statement/Engagement Letter. *
Please, feel free to browse our website to see the services we offer as well as the many helpful resources we provide. When you are ready to learn more about what we can do for you, we encourage you to contact us.