Happy Frequency Friday! IRS warns taxpayers about "Self employment tax credit"!

IRS warns taxpayers about misleading claims about non-existent “Self Employment Tax Credit;” promoters, social media are giving erroneous information regarding these credits - BEWARE!!!

The Internal Revenue Service issued a consumer alert today following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers into filing false claims.

Promoters and social media are marketing something they describe as the “Self Employment Tax Credit” as a way for self-employed people and gig workers to get big payments for the COVID-19 pandemic period.

In reality, the underlying credit being referred to in social media isn’t called the “Self Employment Tax Credit,” it’s a much more limited and technical credit called Credits for Sick Leave and Family Leave. Many people simply do not qualify for this credit, and the IRS is closely reviewing claims coming in under this provision so people filing claims do so at their own risk.

“This is another misleading social media claim that’s fooling well-meaning taxpayers into thinking they’re due a big payday,” said IRS Commissioner Danny Werfel. “People shouldn’t be misled by outlandish claims they see on social media. Before paying someone to file these claims, taxpayers should consult with a trusted tax professional to see if they meet the very limited eligibility scenarios.”

People who were self-employed can claim Credits for Sick and Family Leave only for limited COVID-19 related circumstances in 2020 and 2021; the credit is not available for 2023 tax returns. The IRS is seeing repeated instances where taxpayers are incorrectly using Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals, to incorrectly claim a credit based on income earned as an employee and not as a self-employed individual.

To qualify for the Sick and Family Leave Credits, self-employed workers have to meet a variety of technical reasons in 2020 and 2021 that didn’t allow them to work, including caring for an individual subject to a quarantine or isolation order. The IRS has a detailed set of FAQs describing the very technical requirements for meeting this provision of the law.

The IRS is seeing some similarities to marketing around this “Self Employment Tax Credit” similar to aggressive promotion of the Employee Retention Credit. Both are technical credits that have been mischaracterized by some as a way for average taxpayers to get a big government payment. In reality, these are very limited credits that have a variety of complex requirements before people can qualify.

The IRS urges people to check with a trusted tax professional before filing for any “Self Employment Tax Credit” or any other questionable tax claim circulating on social media.

The IRS has previously warned taxpayers about misuse of the Sick and Family Leave Credits stemming from various tax scams and inaccurate social media advice that led thousands of taxpayers to file inflated refund claims during the past tax season.

“These improper claims have been fueled by social media and people sharing bad advice,” Werfel said. “Scam artists constantly prey on people’s hopes and try to use the complexity of the tax system to convince people there are secret ways to get a big refund. All of these scams illustrate that it’s important to carefully review the tax return for accuracy before filing and rely on the advice of a trusted tax professional, not someone trying to make a quick buck or a questionable source on social media.”

***If your 2020 or 2021 Personal Tax Return was prepared by DiSalvo & Associates, we claimed the credit for those that answered the questionnaire we provided for those tax years regarding COVID-19 relief***

Alpha/Omega Milestones*: Cosmic Changing Times Abound

*(The ending of one cycle and the beginning of another)

• Full Moon (light and clarity) 29 degrees of Capricorn 7/21/24

• Pluto (transformation) retrogrades back to 29 degrees Capricorn in the fall it

moves during 12/2024 to 0 degrees Aquarius where it stays for the next 40 years

• Neptune currently in 29 degrees Pisces moves into 0 degrees Aries in spring of 2025

NOTE: The 29th degree of any sign is significant astrologically. It is often considered a critical degree that signifies the culmination of a cycle or a sense of urgency to complete something.

The Times “They are a changing”

The phrase above about the times is from a popular song of the late 60’s. This was the time of my early adulthood. Back then changing times seemed as if they were something to be delightfully happy to sing

about. Now, when I am in my senior years, I am not so sure I rejoice at the idea of change. One astrologer

(https://aquariandiary.com) says of these times. “We are living in a very historic time when the seeds of very profound and far-reaching changes are being planted. We may not fully appreciate this point in history until we look back at it several generations from now.”

The Full Moon of Early Sunday Morning 7/21/2024

⁠

Gaze up at the night sky on Saturday 7/20 and be greeted by then the almost completely Full Moon in 29 degrees of Capricorn. This lunar event marks a powerful culmination and completion of energies in the ambitious and disciplined sign of Capricorn. Capricorn is known for determination, practicality, and strong

work ethic. It brings a grounded and serious tone to this Full Moon. It encourages us to reflect on our long-term goals, career ambitions, and the structures we have built in our lives. This is a time to assess our

achievements, recognize our responsibilities, and celebrate our hard-earned successes.

With this Full Moon at 29 degrees of Capricorn, there is a heightened sense of urgency and intensity in the air. It is urging us to take stock of our achievements and make any necessary adjustments to align ourselves with our long-term visions.

The Full Moon is Conjunct (joined by) Pluto at 0 Aquarius and Sextiled (positively influenced) by Neptune

This Full Moon is not a stand-alone Cosmic Mojo influence. It is in poignant communication with 2 of the 3 outer planets that have everything to do with world affairs and that are also gracing 29 degrees. In September

Pluto will retrograde back to 29 degrees. In world history the last time Pluto was at 29 degrees of Capricorn was 1777 and 1778. This should put some perspective into just how big of a deal this is for we mortals. This is because, of course, what occurred around that time was the American Revolution. The American Revolution is conceivably one of the most important things that has happened geopolitically in human history. The rise of America completely reshaped the world.

Neptune is now at the end of the last sign of the zodiac. It is at the end of the end. This too is momentous. Thus, as we take in the glow of this Capricorn Full Moon, seek to embrace its energy of determination,

resilience, and practical wisdom. It is a time to be inspired (Neptune) to set our sights on the path ahead with renewed clarity and purpose.

Changes Will Continue to Happen: An Excellent Time to Heighten Your Energy and Coping Skills. You are invited to engage with me (in my role as a teaching astrologer) and life coach Nanette Saylor in upleveling your coping abilities. The mission: To enhance your skill set for raising your vibration so you are better prepared to cope in our crazy chaotic world. Join us for: High VIBE Mastery: Raise Your Vibration –

the Key to Well-being and Wholisitic Wellness. 12 days of uplifting focus and fun. The next 12 day session begins on Monday evening July 22: When, What, Why, How: See the Flyer on the next page. The link to

Closing Footnote: Astrology and the Assassination Attempt

The political assassination attempt was indeed a curveball in the game of life, liberty and the pursuit of happiness. As I have previously written about this in this newsletter I personally find all the conflict and free floating animosity that abounds upsetting. The attempt happened when the Cosmos was particularly primed

for violence. The fixed star Algol, with the reputation for being exceptionally nasty, was activated. In astrology the variables to consider include what planet(s) and star(s), what sign(s), how the planets are relating to each other and where located. Looking at the US astrological birth chart I was reminded that where the planet of surprises and violence that I attribute to the event were located was in the 6 th House. The 6 th house is associated with, among other things, healing. This to me is noteworthy as a tiny glimmer of hope that perhaps the calls for the violence to be toned down will have some effect. Given that societal painful rancor has gone on for so long it is sometimes hard to hold out hope. I was happy to see a bit of possible good news. Pray, meditate, spread, psychic seeds of peace. The energy of the collective has power. Let’s raise the vibration of the US. It can’t hurt and we might just make a healing difference (at least even in our own sphere of influence).

~Hattie

Join us Thursday July 25th, for this FREE Teen Clinic!

RSVP HERE

With Love & Gratitude,

Jill & Team!

Vibration 432 | Contact Us | FAQs | Privacy Policy