Landmark Tax Group - April 2022

Landmark Tax Group - April 2022

Landmark Ledger

(813) 406-4612 Professional | Experienced | Licensed Expert IRS & State Tax Relief

April 2022

FILING LAST MINUTE? I’VE GOT YOU 7 Tips for a Smooth Tax Day

Welcome to April, the busiest month of my year! The tax deadline is coming up on Monday, April 18, which means my phone is ringing off the hook right now with calls from people hoping to resolve their back taxes and get back into the IRS’s good books. Fortunately, I have a great team by my side, and we’re able to help everyone who needs us. I’ve even found the time to put together a list of tips that will help you file your taxes correctly if you’ve waited until the last minute, which many people do. Here are seven ways to ensure you cross the tax finish line (either this month or in October — read on to learn more about that) as efficiently as possible. 1. Take advantage of IRS e-file. This option is quick, easy, and available to all taxpayers. Those under certain income thresholds (such as $73,000 for individual filers) can also file for free using this option. It’s also secure, so you know your tax information won’t end up in the wrong hands. 2. Make sure everything is correct — and check again! Last-minute filers often feel rushed, and when you feel rushed, you’re more likely to miss something or make a mistake. It’s okay

to take a break and take a few breaths. Take a few minutes to read your return line by line so you can be sure you didn’t miss anything. 3. Sign only when certain! After you’ve checked (and re-checked) every piece of information and number on your return, only then should you sign and date. Doing this last helps you avoid many common mistakes, such as incorrect or omitted information. If you’re filing jointly, make sure your spouse signs too. Forgetting this step can cause major headaches later on. 4. Check the IRS address. This is for filers mailing their return. The IRS has different addresses for various purposes, and there are different locations per state or region. If it isn’t clear where you should be sending your return, you can find the correct address by searching on IRS.gov. 5. Pay electronically. If you owe, the quickest and easiest way to pay is via the web. The IRS has the option to pay with a direct withdrawal or via debit or credit card (though these may come with processing fees).

know you simply won’t be able to make the April 18 deadline, you can file for an extension. This gives you six additional months to prepare your tax return. Just keep in mind that if you choose to file for an extension, this only applies to filing the return itself — it does NOT apply to submitting payment. You must still pay any taxes due to the IRS by the April 18 deadline. 7. Don’t pay more than you owe. I put this tip last, but it’s definitely not least! If you expect to owe this year, the last thing you want to do is overpay the IRS, especially if you are already dealing with back taxes. To make sure you only pay what you owe and nothing more, download a free copy of my book, “The Tax Relief Booklet: 5 Ways to Pay Less to the IRS and Have Them Thank You For It.” You can get yours today at LandmarkTaxGroup.com/book. If you have any last-minute questions, you can also reach out to us at [email protected]. My team and I are always ready to help, no matter how busy we get. Happy Filing!

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6. Request an extension. If you’re really getting down to the wire or you

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Get Sprung 4 Ways to Harvest Positive Vibes in Spring

Have you ever noticed that springtime just feels lighter and brighter? That’s because, believe it or not, the seasons affect us. When spring rolls around, the energy shifts, and it’s up to us to maximize those positive vibes. Let’s examine how we can make the most of spring and inject some color and vibrancy into our lives again after a long winter. Rely on color. Colors have the ability to elicit certain emotions and feelings. Tropical tones and pastels are everywhere in spring — the clear sky, grass, and flowers — so allow them to fill your space and take them with you as constant reminders to smile. If you’re up for it, wear some new colors to brighten up your wardrobe, and don’t forget to take in a sunset when you’re able! Enjoy more hours of daylight. Spring brings more hours of sunlight and warming temperatures that can give you more time to enjoy your morning cup of coffee outside. You can take an early stroll around the block, get in a workout outdoors, or just enjoy the fresh air. Also, many areas observe daylight saving time, which extends sunlight into the evening, so no matter

how you choose to spend your extra daylight, make it an adventure.

Welcome spring-cleaning. It isn’t called spring-cleaning for nothing! Decluttering, dusting, reorganizing, and

tidying up feels great! It’s empowering and refreshing. There is something special about creating more space in your living space that gets the positivity flowing. Eat fresh, colorful foods. During spring, many delicious fruits and vegetables come into season. Berries, oranges, apples, carrots, avocados, cherries, spinach, and kale are all at their peak. Your local farmers market is a great place to get the freshest produce to fuel your body!

Spring is a time for new beginnings and positivity. Make the most of this spring season by welcoming a fresh abundance of love and life.

Goodbye, Tax Stress! 3 Relaxation Solutions You Need

April is Stress Awareness Month, and although the experts won’t admit it, there’s only one thing they could have had in mind when picking April: tax season.

to file your 2021 taxes on time. Then, attack your IRS back taxes. This may sound intimidating but it’s the only way to truly get your life back.

You’ll never have peace if you bury your head in the sand and hope your IRS problems go away. But you can finally relax if you address the back tax issue now, before it escalates. The IRS has to follow strict rules and procedures, and you can navigate them if you’re organized and know your taxpayer rights. To learn more about this and get the information you need to start today, visit LandmarkTaxGroup.com/free . 2. Hit the gym. Exercise releases mood-boosting endorphins that will drain your stress away. Add in a fruit- and vegetable-rich diet and 7–9 hours of sleep per night, and you’ll speed down the path toward recovery. 3. Confide in someone. According to the American Institute of Stress, when you feel overwhelmed, you should “share your problems and how you are feeling and coping with a family member, friend, doctor, pastor or counselor.” This can be cathartic, and their ideas for solving your problem may surprise you! Our team here at Landmark Tax Group is always ready to listen to your tax worries.

Tax Day can be a huge source of stress, especially if you have IRS back taxes hanging over your head. That stress can undermine everything good in your life. The more stressed you are,

the more problems you’ll have concentrating and making decisions. Stress can even cause depression, headaches, back pain, and stomach issues — symptoms that will tank your productivity at work and happiness at home.

So, what can you do to reduce your stress, and tax stress in particular?

1. Attack the problem. Some sources of stress are out of our control. If someone you love has cancer, for example, you can’t do much more than support them through it. But there are other stressors you can tackle head- on — including relationship struggles, financial problems, and tax issues. To attack the latter, start by following the tips on Page 1 of this newsletter

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LANDMARK WON A SEMINOLE 100 AWARD!

We’re Thrilled, Stunned, and Honored

Months later, we still can’t believe it: Landmark Tax Group won a Jim Moran Institute for Global Entrepreneurship Seminole 100 award!

“I’m proud to see our tax firm recognized as a Seminole 100 honoree and to be among such an esteemed group of entrepreneurs behind the most innovative and impactful businesses across the United States,” Michael said at the time.

The Seminole 100 awards celebrate the 100 fastest-growing businesses of the year owned or led by Florida State University (FSU) alumni.

Landmark Tax Group’s president, Michael Raanan, is one of those alums! He graduated from FSU with a bachelor’s degree in Business before going on to earn his master’s in business administration from the University of Phoenix.

It takes a great team to accomplish great things, and here at Landmark Tax Group, we’re lucky to have an unbelievable staff of high achievers. We’re grateful for our clients and referral

partners for placing their trust in us as we continue to strive for excellence in all we do. If you’re reading this article, odds are you helped make this award happen. Thank you for your faith and support.

Michael traveled to Tallahassee, Florida, to accept his award and celebrate our company’s fantastic growth. There, he met fellow honorees from across the country and enjoyed an event hosted by the Jim Moran Institute for Global Entrepreneurship, which is part of the FSU College of Business. Each company was chosen based on its compound annual growth rate (CAGR).

Cheers to an excellent year and many more successes to come!

S UDOKU

TAX QUOTES

“I am proud to be paying taxes in the United States. The only thing is — I could be just as proud for half the money.”

–Arthur Godfrey, entertainer

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Inside This Issue

Sudoku Answer Key

Do This to Avoid Messing Up Your Taxes 1 Welcome Spring With Open Arms Stressed? Try These Relaxation Tips 2 Landmark Won BIG! Tax Quotes 3 Try Your Luck With This Eggtastic Game! 4

Egg-splore Different Ways to Celebrate Easter

Fun Holiday Activities the Whole Family Will Enjoy

Easter is approaching, and there are tons of activities you and your family can do to celebrate the holiday. These activities will let your children or grandchildren unlock their imaginations, all from the comfort of your own home.

have you and your children laughing in no time. You first spin the wheel to see how many eggs you will crack over your head or someone else’s. Some of these eggs are filled with water, which are the eggs you don’t want. Try your luck with this fun-filled game.

KiwiCo Eggsperiments Cost: $26.95 KiwiCo.com

Easter Cookie Kit Cost: $29.99 ThePopcornFactory.com

These experiments bundle creativity, science, and education in one fun, family-friendly package! Instead of having your kids decorate eggs with paint, you can use this kit to conduct scientific experiments. Your child will be able to color eggs and create crystalized shells by using chemistry, physics, and biology.

Did somebody say cookies? Yes, we did! With this cookie kit, you and your kids will be creating edible bunnies, flowers, and eggs! The kit provides all the ingredients you need to bake delicious cookies, which is a perfect time to teach your child about the fundamentals of baking while having fun at the same time. This activity satisfies your creative needs and your cravings for a sweet treat. The traditional activities around Easter are fun, and now you have even more options to choose from — but these items will go fast so pick one up ASAP. These activities are enjoyable for the entire family, and you can create memories that will last a lifetime. Happy Easter!

Egged On Cost: $24.50 Amazon.com

You’ve heard of casino roulette, but have you heard of egg roulette? Well, now you have with Egged On, a Hasbro board game that will

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