Lynnay's Financial Services, LLC

01/27/2026

📢 TAX ADVANCE PSA 📢

Attention: ALL Tax Clients 👀👇🏾

Tax Advance approval rules have changed now to In-Season guidelines. Banks will NOT review a tax advance application until the tax return is ACCEPTED by the IRS ⏳

This means:
✔️ E-filed is NOT enough
✔️ Acknowledgement is NOT enough
✔️ IRS ACCEPTANCE is REQUIRED

Once the IRS accepts the return, then the banks reviews applications for loan approval 💸

This slows things down a bit, but it cuts down on fraud, protects refunds, and keeps everyone compliant 👍🏾

Delays isn’t on the preparer; constantly calling will not speed up the process.

IRS ACCEPTANCE FIRST; BANK APPROVALS SECOND!!💯

01/15/2026

I want to thank a fellow Tax Pro who originally posted this and allowed me to borrow it! Let me add price and fees at this cost is most likely for business returns and/or someone who files a complex return. Some of y'all want to be telling people what they should be charging for their services, when you don't have to use that person's services. If you don't want to pay the Tax Pro's fees, you ALWAYS have the choice to go to someone else OR prepare your own taxes.

🚨 YES A TAX RETURN CAN LEGALLY COST $1,000+
🚨 NO THAT DOES NOT MAKE IT A SCAM

Before the internet gets loud and wrong, let’s be clear 📢

🧾 The IRS does NOT cap tax preparation fees
❌ There is no law saying a return must cost $200, $300, or what someone else paid

💡 Tax preparation fees are based on:
📌 Complexity of the return
⏱️ Time required
⚠️ Risk assumed
🎓 Experience & expertise
🏢 Business / self-employment filings
💳 Credits claimed
📋 Compliance & due diligence
🔍 Audit exposure
🛡️ Legal liability the preparer takes on

👉🏽 A basic W-2 with no dependents ≠
👉🏽 Multiple incomes, self-employment, credit eligibility, reconciliations, transcripts, and compliance reviews

⚠️ The same people questioning professional fees
are often the first ones panicking when:
🚩 The IRS audits the return
⏸️ Refunds are frozen or delayed
↩️ Credits are reversed
💸 Or thousands are owed back

💬 Low-cost preparation often leads to high-cost problems

📌 You’re not paying for a number on a screen
You’re paying for:
✅ Accuracy
📑 Documentation
📏 Compliance
🧠 Experience
📬 And a preparer who stands behind the work when IRS letters show up

💎 All returns are NOT the same
💎 All preparers are NOT equal
💎 And all money is NOT good money

If you’re looking for cheap there are options
If you’re looking for CORRECT choose wisely ✨

🎯 Education over drama
🎯 Facts over feelings

— Tax Pro Talk

01/10/2025

The person who prepares your taxes should also be able to satisfactory answer your questions. If not, then it's time for a new preparer.

Asking questions is considered a Consultation, and Consultations cost money 💰 too.

01/16/2023

08/01/2022

Time to look at how we can help you reduce your tax liability. Set your appointment for your review and tax planning for the upcoming tax season.

02/13/2022

Tax Tips:

1. If you have EIC and/or ACTC on your tax return, you tax return will NOT start the processing phase until mid-February (February 15th) with refunds expected around the first week of March. Some may receive refunds a few days earlier.

2. If you received ANY parts of the PPP Loan(s), you MUST disclose certain information in regards to the loan on tax return. See IRS Revenue Procedure 2021-48 or page 23 of the 1040 Instructions booklet. If you have a S-Corp, Partnership, or C-Corp, you MUST disclose but in a different manner.

3. S-Corps and Partnership tax returns a due March 15, 2022.

4. Non-Profit Informational Returns are due on the 15th day of the 5th month after your year end.

If you need any assistance, please feel free to reach out to me. We can schedule a consult, and make sure you and/or your business is in compliance.

12/02/2021

Copied from Iris Wright. Thank you for explaining what people being paying for upon receiving quotes.

CUSTOMER: "How much will it cost to do this job?"
CONTRACTOR: "$2,800 Dollars."
CUSTOMER: "That's WAY too expensive for this job!!"
CONTRACTOR: "How much do YOU think it would cost?"
CUSTOMER: "No more than $800 Dollars - MAX!! It's a simple job!"
CONTRACTOR: "I can't prioritize my time for so little."
CUSTOMER: "People in your line of work are so greedy."
CONTRACTOR: "Sorry you feel that way. Why not do it yourself?"
CUSTOMER: "But... but... I don't know how to do any of this."
CONTRACTOR: "For $900 Dollars, I'll teach you EXACTLY how to get this job done. Then you can spend $800 to do the job and you'll still be saving $1,100 Dollars - PLUS... you'll get the knowledge and experience for the next time you want to do a job yourself."
CUSTOMER: "Deal!! Let's do it."
CONTRACTOR: To get started you'll need tools. So you'll have to buy a welder, a grinder, a chop saw, a drill press, a welding hood, gloves and a few other things."
CUSTOMER: "But I don't have all this equipment and I can't buy all of these for one job."
CONTRACTOR: "Well then for another $300 more I'll let you rent my tools... and you'll still be saving $800 Dollars."
CUSTOMER: "That's cutting into my savings. But I'll rent your tools."
CONTRACTOR: "Okay! I'll be back on Saturday and we can start."
CUSTOMER: "Wait. I can't on Saturday. I only have time today."
CONTRACTOR: "Sorry, I only give lessons on Saturday, because I have to prioritize my time and my tools have to be at other jobs with other customers all week long.
CUSTOMER: "Okay!! I'll sacrifice my family plans on Saturday."
CONTRACTOR: "Yeah... me too. Oh... and I forgot... to do your job yourself, you also have to pay for the materials. Everything is in high demand right now, so your best bet is to get your truck and load up at 6AM before everyone else gets there."
CUSTOMER: "SIX AM??? On a Saturday??? That's way to early for me. And also... I don't have a truck."
"CONTRACTOR: "I guess you'll have to rent one. Do you have a couple of strong men to help you load and unload everything?"
CUSTOMER: "Ummm... ya know... I've been thinking. It's probably best if YOU get this job done. I'd rather pay someone to get it done correctly than go through all the hassle.
CONTRACTOR: "Smart move, sign this and please get out of the way so I can work."

THE REALITY IS THIS...

When you pay for a job, especially handcrafted, you pay not only for the material used, but you are also paying for:
- Knowledge
- Experience
- Tools
- Services
- Time
- Punctuality
- Accountability
- Professionalism
- Accuracy
- Labor
- Sacrifices
- Safety and Security
- Payment of tax obligations

No one should denigrate a professional's work by judging prices - ESPECIALLY when they don't know all the elements or costs necessary for the production of such work.

This was just a remix of an old story I once heard and I am sharing this in support of craftsmen, specialists and entrepreneurs everywhere!

You can't haggle over a service that you don't actually have the skills or knowledge to do yourself. You can't get a high quality gourmet dinner party for the same price as a Happy Meal from McDonald's. And you can't be mad when skilled people actually KNOW their own worth.

Be smart. Trust a reputable professional. And never forget... that you ALWAYS get what you pay for.

by Iris Wright

11/18/2020

Good Morning All!