Bright Light Tax Experts

12/31/2022

YOU KNOW WHAT TIME IT IS!! It’s almost Tax Time, Starting January 2nd Come in to apply for a Tax Advance loan up to $7,000. In the meantime please update your mailing address to receive all W-2’s & Tax documents on time. See y’all soon

12/28/2022

File Your Tax Returns with Bright Light Tax Experts

🔺Trustworthy
🔺Professional
🔺Efficient

We are excited and ready to handle all your tax needs.

◾️ Open 7 Days a Week from 8a-7pm
◾️ 2595 Sanford Av Sanford Florida 32771
◾️GUARANTEED to get you the MAX !
◾️Referral giveaways 🤸🏾‍♀️

!

12/07/2022

It’s almost that time! File with us!

12/07/2022

Get ahead of the game – save your receipts throughout the year with the Expense Right Tool. It’s the easiest way to avoid the dreaded receipt-related meltdown at tax time!

🧾📁Recordkeeping, including keeping track of receipts, is part of your business compliance. IRS requires you to keep receipts for 3 years after you file your tax returns. Receipts prove your expenses are LEGIT!! No more trying to locate receipts or trying to salvage faded receipts.

📲 Get the Tool Today. Go to

Upload receipts and track business expenses with ExpenseRight. Ditch the shoebox of receipts. Easily keep track of all your receipts. Mobile receipt scanner. Effortlessly track your business expenses and keep receipts organized. No more loss receipts or faded receipts.

02/12/2022

Just sharing: If anyone needs rental or mortgage assistance in Seminole county...go apply https://seminoleerap.seminolecountyfl.gov/

If anyone needs rental assistance in Florida go apply https://www.ourflorida.com/

OUR (Opportunities for Utilities and Rental Assistance) Florida Program is Florida’s federally-funded emergency rental assistance relief program.

12/31/2021

File Your Tax Returns with Bright Light Tax Experts

🔺Trustworthy
🔺Professional
🔺Efficient

We are excited and ready to handle all your tax needs.

◾️ Open 7 Days a Week from 8a-9pm
◾️ 2595 Sanford Av Sanford Florida 32771
◾️GUARANTEED to get you the MAX 🤑
◾️Referral giveaways 🤸🏾‍♀️

!

12/26/2021

Before you pay someone to prepare your taxes. Ask if they can represent you in front of the IRS, in cases of an audit, collection issues, and appeals. Most CPAs, Enrolled Agents, and Attorneys can.

You also want to know if they will be available after tax season is over. You don't want your tax preparer to ghost you after the tax deadline.

Visit Bright Light Tax Experts We can represent you in front of the IRS & we also available year around.

2595 Sanford Av
Sanford Florida 32773

11/03/2021

IRS 2021 Advance CTC Payments FAQs – Did You Know?

The IRS recently answered a number of common questions about the 2021 Child Tax Credit (CTC) advance payments that Americans began receiving in mid-July. Here are the highlights:

DO I HAVE TO PAY TAX ON THE CTC ADVANCE PAYMENTS?

No. The CTC is a tax credit. As long as you qualify for the credit, the advance payments do not count as income and are not taxable. You can check your eligibility using the IRS Advance CTC Eligibility portal (link below).

WILL ADVANCE CTC PAYMENTS DISQUALIFY ME FOR OTHER FEDERAL PROGRAMS?

No. Because these payments are not income, they will not affect eligibility for federal programs with income limits, like the Earned Income Credit, Pell Grants, or higher education credits.

WILL THE IRS REDUCE THE PAYMENTS DUE TO BACK TAXES OR OTHER DEBTS?

No. Past-due taxes, overdue child support, and other federal or state debts will not affect CTC advance payment amounts. However, these issues may affect a taxpayer's final CTC amount when they file their 2021 tax return, possibly reducing their refund or increasing their tax. Also, some states do allow reduction of CTC advance payments to cover a taxpayer's private debts.

I AM ELIGIBLE FOR THE 2021 CTC BUT MY ADVANCE PAYMENTS ARE DELAYED?

The most common reason for a delay in receiving advance CTC payments is that the IRS does not have your current mailing address or banking information. Check the IRS Advance CTC Update portal (link below) to see if you need to update your info. The IRS is also withholding advance CTC payments to victims and possible victims of tax-related identity theft, to prevent further fraud. These payments will be sent when the ID theft cases are resolved.

If you are unsure whether it is best for you to accept CTC advance payments, or to opt out and claim the entire credit when you file your 2021 tax return, a tax professional can help you decide.

IRS Advance CTC Eligibility portal: https://www.irs.gov/credits-deductions/advance-child-tax-credit-eligibility-assistant

IRS Advance CTC Update portal: https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

Check if you're enrolled, manage your payment information and unenroll from advance payments of the 2021 Child Tax Credit.