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Get Up to $6000 in Tax Refund Advance Loan

A Refund Advance is a loan against your Tax Refund. Like all loans programs, there are interest charges and fees.

Depending on the loan amount you want to borrow, you may or may not be charge interest. The lower the amount you want to borrow, the likelyhood you would not be charge interest expense. Zip. However, if you decide you want the $6,000 offering, there is an interest charge in addition to the bank fee which is usually around $30.

Tax Refund Loan
Compare Tax Refund Loan Options
LA PREMIER Tax (esp Financial)Up to $6,000
Jackson Hewitt Tax ServiceUp to $4,500
Turbo TaxUp to $4,000
HR BlockUp to $3,500

1 The Refund Advance is an optional tax-refund related loan provided by Pathward, N.A., Member FDIC (it is not the actual tax refund) at participating locations. The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. Fees for other optional products or product features may apply. Tax returns may be filed electronically without applying for this loan. Loans offered in amounts of $150 (where available), $500, $1,000, 25%, 50%, or 75% of your expected tax refund from $150 – $6,000. Loans in the amounts of $150, $500, and $1,000 have an Annual Percentage Rate (APR) of 0.00%. Loans in the amounts of 25%, 50% or 75% of your expected tax refund have an APR of 36.0% with a minimum loan of $1,250. For example, a $2,500 loan representing 50% of expected refund borrowed over 29 day term, total amount payable in a single payment is $2,571.51 including interest. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards. 2 Certain Refund Advance Loans are available at no cost to taxpayers, however other options include a consumer fee.

STIMULUS PAYMENTS – IRS Letters 6475 | 6331C or 5071 | 4883C or 6330C

The Economic Impact Payments (EIP) commonly refer to as Stimulus Payment is about to be phase out this tax season. If you have not received your stimulus payments, now is the time.

The IRS have been sending out letters to taxpayers who they believe did not get their stimulus money or may have gotten the first payment and never did get the second or third payment. The IRS is asking taxpayer to file a tax return.

Even if you think you did not get your stimulus payments, the IRS encourage you a file a tax return for 2020 and 2021 and claim the Recovery Rebate Credit (RRC).

Because of the many scams out there, the IRS are requesting taxpayers who filed for stimulus payments to verify that they are the one that filed the return. [IRS Letter 5071C or 6331C]

We at PREMIER Financial Tax & Accounting Services dba FRIENDLY Tax Services can help get you your STIMULUS MONEY. Contact us

IRS LETTER 6475 – The letter contains the total amount of the third Economic Impact Payment and any plus-up payments received. The letter should provide information to calculate the correct 2021 Recovery Rebate Credit (RRC) amount when you file your tax return for 2021. FAILURE TO USE THE CORRECT PAYMENT AMOUNT CREATE DELAYS IN PROCESSING YOUR REFUND.

IRS LETTER 5071C or 6331C – This letter simply says that you will need to verify your identity.

What You Need To Do Immediately

Go to our secure Identity Verification Service to verify your identity. It’s quick, secure, and available 24 hours a day.

  • You must register to the website before verifying your identity. Be sure to check the website and prepare all the documents needed to complete the registration.
  • Have a copy of the 5071C or 6331C letter you received and a copy of the tax return for the tax year shown in the letter.
  • If you did not file an income tax return, you can indicate that on the website.

If You Want to Call the IRS

If you prefer to talk to our representative, call the toll-free IRS Identity Verification telephone number in the 5071C or 6331C letter.

Note: Although the letters request a response within 30 days, the IRS will continue to work with you regardless of the amount of days that have passed.

Have ALL of the following available when you call:

  • The 5071C or 6331C letter;
  • The tax return referenced in the letter (the Form 1040 series return). Note: A Form W-2, Form 1099 is not a tax return;
  • A prior year’s income tax return, other than the year in the letter, if you filed one. Note: A Form W-2, Form 1099 is not a tax return; and
  • Supporting documents that you filed with each year’s tax return. (Form W-2, Form 1099, Schedule C or F, etc.).

Note: Authorized third parties may assist taxpayers, but the taxpayer must call us together and must participate on the call.

LETTER 4883C or 6330C – Call us so we can verify your identity and process your federal income tax return.

What You Need To Do Immediately

CALL US at the phone number in your letter with the information listed below. When you call, we’ll ask questions to verify your identity.

Note: Although the letters request a response within 30 days, the IRS will continue to work with you regardless of the amount of days that have passed.

Have ALL of the following available when you call:

  • The 4883C or 6330C letter;
  • The income tax return referenced in the letter (the Form 1040 series return). Note: A Form W-2 or Form 1099 is not a tax return;
  • A prior year income tax return, other than the year in the letter, if you filed one. Note: A Form W-2 or Form 1099 is not a tax return; and
  • Supporting documents that you filed with each year’s income tax return (Form W-2 or Form 1099, Schedules C or F, etc.).

NOTE: Authorized third parties may assist taxpayers, but the taxpayer must call us together and must participate on the call.

The toll-free IRS Identity Verification number is for identity verification only. No other tax-related information, including refund status, is available.

Here’s What’s New and What to Consider When Filing in 2022

The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, economic impact payments and advance child tax credit payments. Taxpayers can visit IRS.gov/getready for online tools, publications and other helpful resources for the filing season.

Here are some key items for taxpayers to know before they file next year.

Changes to the charitable contribution deduction

Taxpayers who don’t itemize deductions may qualify to take a deduction of up to $600 for married taxpayers filing joint returns and up to $300 for all other filers for cash contributions made in 2021 to qualifying organizations.

Check on advance child tax credit payments

Families who received advance payments will need to compare the advance child tax credit payments that they received in 2021 with the amount of the child tax credit that they can properly claim on their 2021 tax return.

  • Taxpayers who received less than the amount for which they’re eligible will claim a credit for the remaining amount of child tax credit on their 2021 tax return.
  • Eligible families who did not get monthly advance payments in 2021 can still get a lump-sum payment by claiming the child tax credit when they file a 2021 federal income tax return next year. This includes families who don’t normally need to file a return.

In January 2022, the IRS will send Letter 6419 with the total amount of advance child tax credit payments taxpayers received in 2021. People should keep this and any other IRS letters about advance child tax credit payments with their tax records. Individuals can also create or log in to IRS.gov online account to securely access their child tax credit payment amounts.

Economic impact payments and claiming the recovery rebate credit

Individuals who didn’t qualify for the third Economic Impact Payment (STIMULUS) or did not receive the full amount may be eligible for the Recovery Rebate Credit based on their 2021 tax information. They’ll need to file a 2021 tax return, even if they don’t usually file, to claim the credit.

Individuals will need the amount of their third economic impact payment and any plus-up payments received to calculate their correct 2021 recovery rebate credit amount when they file their tax return.

In early 2022, the IRS will send Letter 6475 that contains the total amount of the third economic impact payment and any plus-up payments received. People should keep this and any other IRS letters about their stimulus payments with other tax records. Individuals can also create or log in to IRS.gov online account to securely access their economic impact payment amounts.

More information: Tax Filing Made Easy

Reconciling Your Advance Child Tax Credit Payments on Your 2021 Tax Return

States Giving Out More Stimulus Money

We can help you get your stimulus money.
Call us (213) 418-9600 or (866)542-9551
Below are states that are giving out stimulus money.

California

California has authorized payments of $600 to qualifying taxpayers in the state who make under $75,000. An additional $500 is also available for dependents. Disbursement is expected to begin in September, 2021.

Florida

In Florida, only first responders and educators are eligible for a fourth stimulus check. This stimulus check will come in the form of a $1,000 payment.

New Mexico

Residents of New Mexico who were not eligible for the federal stimulus checks can receive a payment from their local government. A total of $5 million was set aside to make payments (up to $750 per household), with the money going to the lowest income state residents first. Residents must apply through the YesNM Portal and have a driver’s license number, Social Security number, or Taxpayer Identification number.

New York

The state of New York created a $2.1 billion fund to provide payments of up to $15,600 for workers who are undocumented and who were thus excluded from receiving federal stimulus relief. Recipients must be New York residents, have lost earnings due to the pandemic, and have made less than $26,208 in 2020.

Texas

The state of Texas isn’t providing stimulus checks, but some local school districts are. Specifically, school employees in Denton will receive a $500 retention bonus along with a pay increase of 2% if they return for the upcoming 2021-2022 school year. And those who work in Irving will get a $2,000 retention bonus. Several other districts have voted to approve pay raises but not direct stimulus payments.

Get Your Stimulus Money

Third Round of Economic Impact Payments Status Available
IRS is issuing the third payments in phases.

Find when and how we sent your third Economic Impact Payment with the Get My Payment application. Get My Payment updates once a day, usually overnight.

Get My Payment

Do not call the IRS. Our phone assistors don’t have information beyond what’s available on IRS.gov.

Previous payment information is no longer available in Get My Payment. See First and Second Payment Status.

When We’ll Send Your Third Payment

The third round of Economic Impact Payments are being sent in phases. The IRS started sending the first batch of payments with an official payment date of March 17. If you haven’t received one yet, it doesn’t mean you won’t.

We’ll send the third payments each week to eligible individuals as we continue to process tax returns. Payments are sent by direct deposit or mail as a check or debit card.
_______________________________________

First and Second Payment Status

The first and second Economic Impact Payments no longer appear in Get My Payment.

For information on these payments, view or create your online account. Also check your mail for IRS Notices 1444 and 1444-B.

Didn’t Get the First and Second Payments? Claim the 2020 Recovery Rebate Credit.

If you didn’t get the full amount of the first or second payment you were eligible for, you may be eligible to claim the 2020 Recovery Rebate Credit and must file a 2020 tax return, even if you aren’t required to file.

The third Economic Impact Payment will not be used to calculate the 2020 Recovery Rebate Credit.

Friendly Tax Services

LA PREMIER Tax dba Friendly Tax Services is the premier income tax preparation firm for individuals, families, small business owners and the self-employed; Uber, Lyft, Taxi, and Limousine drivers; Actors, Independent Contractors and Entrepreneurs. We have empathy and understand the toll driving takes on Uber, Lyft, Taxi, and Truck drivers. That driving is time consuming. Uber drivers just don’t have the time it takes time to keep track of those business-related expenses.


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