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About PTIN Pay:

PTIN Pay is a pioneering compensation initiative designed to elevate the earning potential of tax preparers. By introducing a performance-based model, PTIN Pay aims to recognize and reward the valuable contributions of tax professionals in the industry.

For more information visit https://mkgtaxconsultants.com/ptin-pay/

Sign up as a Finance Agent and get paid to help business owners get the capital they need.

4 Reasons to Become a Finance Agent

Make money and expand your business and offerings.

• Industry leading payouts
• No cap on the commission you can earn.
• Recieve expert training on cutting edge funding programs

Help business owners get the funding they need to succeed.

• Help both start-ups and existing businesses
• Offer funding programs for every situation
• Contribute to business growth

Individualized support and coaching.

• You are connected with a dedicated Agent Manager.
• Lead tracking back office included with every account.
• Wide variety of marketing resources available: email templates, scripts, program flyers, lead tracking technology.

Proprietary software built to grow a finance business.

• You are connected with a dedicated Agent Manager.
• Lead tracking back office included with every account.
• Wide variety of marketing resources available: email templates, scripts, program flyers, lead tracking technology.

Following the disaster declaration issued by the Federal Emergency Management Agency, individuals and households affected by severe winter storms, flooding, landslides and mudslides that reside or have a business in these 42 counties qualify for tax relief.

Alpine

Fresno

Lake

Mono

Plumas

San Mateo

Sonoma

Amador

Glenn

Los Angeles

Monterey

Sacramento

San Luis Obisco

Stanislas

Butte

Humboldt

Madera

Napa

San Benito

Santa Barbara 

Trinity 

Calaveras

Imperial

Mariposa

Nevada

San Bernardino

Santa Clara

Tulare 

Del Norte

Inyo Kern

Mendocino

Orange

San Francisco

Santa Cruz

Tuolumne 

El Dorado

Kings

Merced

Placer

San Joaquin

Sierra

Yuba Counties

The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after March 9, 2023, and before Oct. 16, 2023, are granted additional time to file through Oct. 16, 2023. As a result, affected individuals and businesses will have until Oct. 16 to file returns and pay any taxes that were originally due during this period. This includes 2022 individual income tax returns due on April 18, as well as various 2022 business returns normally due on March 15 and April 18. Among other things, this means that eligible taxpayers will have until Oct. 16 to make 2022 contributions to their IRAs and health savings accounts.

The Oct. 16, 2023, deadline also applies to any payment normally due during this period, including quarterly estimated tax payments, quarterly payroll and excise tax returns. In addition, penalties on payroll and excise tax deposits due on or after March 9, 2023, and before March 24, 2023, will be abated as long as the tax deposits are made by March 24, 2023.

Contact MKG Tax Consultants for a free extension filing 

Office (559) 412-7248

https://mkgtaxconsultants.com/about-us/contact-us/

What is an insured cash sweep program?

• It’s a program offered by FDIC-insured banks. Deposits that exceed FDIC insurance coverage are swept into one or more FDIC-insured banks as a way to insure the entirety of a depositor’s balance. 
• Insured cash sweep programs exist to protect depositors and their money by maximizing FDIC insurance and by limiting deposit exposure across a single bank.

MKG Enterprises Corp is a banking technology company and does not directly handle customer deposits; we use chartered partner banks to provide banking services.

https://mkgtaxconsultants.com/banking-as-a-service/

As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits. In extreme cases, the bank's reserves may not be sufficient to cover the withdrawals.

Silvergate Bank's quick demise through a self-liquidation is prompting a closer look at the many red flags that ensnared the California bank even before the collapse of cryptocurrency exchange FTX late last year forced a run on deposits.

The state-chartered Silvergate's voluntary liquidation, announced Wednesday, will allow the La Jolla, Calif.,-based bank to wind down its operations, sell remaining assets and pay off its depositors. The process is being monitored by California's Department of Financial Protection and Innovation.

Among the many lessons to be learned from Silvergate's collapse is that a liquidity crunch can quickly engulf a bank, particularly if management makes the wrong bet on interest rates, experts said. Silvergate's monoline business model was concentrated in the crypto industry, where the risks and correlated aftershocks were not fully understood.

"They didn't think deposits would dissipate so quickly in an environment where the securities portfolio was deeply underwater," said Todd H. Baker, senior fellow at the Richman Center for Business, Law and Public Policy at Columbia Business School and Columbia Law School. 

Silvergate's management "underestimated how much they were exposed in multiple ways to interest rate rises, and they probably underestimated how aggressive the regulators would be trying to essentially get a handle on their overall situation," Baker added. 

Silvergate had an unusual business model, holding billions in zero-interest deposits from crypto exchanges. Both FTX and Alameda Research had accounts at Silvergate. It also operated the Silvergate Exchange Network cryptocurrency trading platform that served as a payments network for crypto companies to swap fiat currencies with each other. When the bank shut its network last week, crypto depositors fled en masse.

The deposit and industry concentration, interest rate squeeze and lack of any other meaningful business were self-inflicted wounds.

Trading of SVB Financial Group’s stock SIVB had been halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was “monitoring very carefully.” Reaction poured in from several analysts who discussed the bank’s liquidity risk.

California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Corp. later on Friday. Signature Bank of New York, (the main subsidiary of Signature Bank Corp. SBNY, was closed by state regulators and taken over by the FDIC on Sunday.

Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we show how much they reported in unrealized losses on available-for-sale, or AFS, securities — an item that played an important role in SVB’s crisis.

Below that is a screen of U.S. banks with at least $10 billion in total assets, showing those that appeared to have the greatest exposure to unrealized securities losses on AFS securities, as a percentage of total capital, as of Dec. 31.

The latest industry developments include an emergency lending facility set up by federal regulators to help banks avoid selling securities for losses if they need to raise cash to cover deposit outflows. The regulators have also said all depositors of Silicon Valley Bank and the failed Signature Bank of New York would have access to their money — even uninsured deposit balances. First Republic Bank FRC (listed below) announced it had secured funding from the Federal Reserve and JPMorgan Chase & Co. JPM.

Banks are now able to pledge]]>Silicon Valley Bank failed on Friday March 10, 2023 following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday.

Trading of SVB Financial Group’s stock SIVB had been halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was “monitoring very carefully.” Reaction poured in from several analysts who discussed the bank’s liquidity risk.

California regulators closed Silicon Valley Bank and handed the wreckage over to the Federal Deposit Insurance Corp. later on Friday. Signature Bank of New York, (the main subsidiary of Signature Bank Corp. SBNY, was closed by state regulators and taken over by the FDIC on Sunday.

Below is the same list of 10 banks we highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we show how much they reported in unrealized losses on available-for-sale, or AFS, securities — an item that played an important role in SVB’s crisis.

Below that is a screen of U.S. banks with at least $10 billion in total assets, showing those that appeared to have the greatest exposure to unrealized securities losses on AFS securities, as a percentage of total capital, as of Dec. 31.

The latest industry developments include an emergency lending facility set up by federal regulators to help banks avoid selling securities for losses if they need to raise cash to cover deposit outflows. The regulators have also said all depositors of Silicon Valley Bank and the failed Signature Bank of New York would have access to their money — even uninsured deposit balances. First Republic Bank FRC (listed below) announced it had secured funding from the Federal Reserve and JPMorgan Chase & Co. JPM.

Banks are now able to pledge securities as collateral at par (or face value) for borrowings through federal regulators’ new emergency lending facility, which means banks can avoid selling government bonds and mortgage-backed securities at a loss if they need to raise money.

First, a quick look at SVB

Some media reports have referred to SVB of Santa Clara, Calif., as a small bank, but it had $212 billion in total assets as of Dec. 31, making it the 17th largest bank in the Russell 3000 Index RUA as of Dec. 31. That makes its collapse the largest U.S. bank failure since that of Washington Mutual in 2008.

One unique aspect of SVB was its decades-long focus on the venture-capital industry. The bank’s loan growth had been slowing as interest rates rose. Meanwhile, when announcing its $21 billion in securities sales on Thursday, SVB said it had taken the action not only to lower its interest-rate risk, but because “client cash burn has remained elevated and increased further in February, resulting in lower deposits than forecasted.”

SVB estimated it would book a $1.8 billion loss on the securities sale and said it would raise $2.25 billion in capital through two offerings of new shares and a convertible bond offering. That offering wasn’t completed.

So this appears to be an example of what can go wrong with a bank focused on a particular industry. The combination of a balance sheet heavy with securities and relatively light on loans, in a rising-rate environment in which bond prices have declined and in which depositors specific to that industry are themselves suffering from a decline in cash, led to a liquidity problem.

Source cited: MoneyMarket

Many businesses have received phone calls and emails from third-party companies marketing ERC refunds. The ERC is an inherently risky tax credit that will lead to a high likelihood of an audit over the next five years.

The Internal Revenue Service has warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit.

These third parties often charge large upfront fees or a fee that is contingent on the amount of the refund and may not inform taxpayers that wage deductions claimed on the business' federal income tax return must be reduced by the amount of the credit.

If the business filed an income tax return deducting qualified wages before it filed an employment tax return claiming the credit, the business should file an amended income tax return to correct any overstated wage deduction.

Businesses are encouraged to be cautious of advertised schemes and direct solicitations promising tax savings that are too good to be true. Taxpayers are always responsible for the information reported on their tax returns. Improperly claiming the ERC could result in taxpayers being required to repay the credit along with penalties and interest.

No matter who filed the amended 941 form the business is still responsible for the information reported. 

As a reminder, only recovery startup businesses are eligible for the ERC in the fourth quarter of 2021. Additionally, for any quarter, eligible employers cannot claim the ERC on wages that were reported as payroll costs in obtaining PPP loan forgiveness or that were used to claim certain other tax credits.

If you claimed the Employee Retention Credit be prepared for an audit.

Contact us Today! Our Enrolled Agents have extensive IRS Audit Representation.

Betting BIG on Small Businesses

Game Time!

MKG Tax Consultants provides startup crowdfunding advisory services to meet the SEC Eligibility Requirements for Form CF submissions to regulated funding portals for issuer offering or selling securities in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Section 4A and Regulation Crowdfunding (§ 227.100 et seq.)

One of the biggest changes the SEC has implemented is the legality of “finders” receiving commissions or payments for brokering deals and introducing investors to issuers, syndicators, developers, etc. Before this change, only broker-dealers were allowed to receive compensation for such deals. With the new changes, these finders can now legally receive these commissions and other transaction-based compensation from issuers.

Fresno Venture Capital Fundraising

https://www.fresnoventurecapitalfund.com/betting-big-on-small-business-game-time/

The ability to legally monetize your connections is something many have been waiting for for quite a long time! Exempt private offerings have traditionally served an important role in providing capital for smaller and medium-sized companies, often along their path to the public markets.

Schedule a free consultation today 

Contact MKG Tax Consultants

Office (559) 412-7248

e-mail support@mkgtaxconsultants.com

Cryptocurrency is proving to be less of a trend and more of a force that’s here to stay. Bitcoin (BTC) reached an all-time high of over $68,000 in November 2021 after starting the year at just under $30,000, and the crypto industry  as a whole grew to a total market cap of more than $2 trillion. 

It makes sense that cryptocurrency investors are thinking big when it comes to tapping into the power of their crypto stashes. 

Can you use cryptocurrency to buy a house?

If you’re considering using Bitcoin, Ethereum, Dogecoin, Litecoin or one of a number of other cryptocurrencies to purchase a home, you’re not alone. 

It’s becoming increasingly common, but there are some challenges to be aware of, and the volatility of the cryptocurrency market can make some transactions complicated. 

How do you buy a home with cryptocurrency?

There are a few options for using cryptocurrency to buy a home. 

Convert cryptocurrency to cash

One of the simplest ways to use your cryptocurrency nest egg to buy a home is to sell the cryptocurrency for fiat money (dollars) using a service like BitPay, then use that money to purchase a home. However, keep in mind that you’ll need to keep the fiat money in an account in your name for at least two months before it’s considered an asset that can be used to purchase a home, and a deposit that large may get flagged by the IRS. Any money you make from selling cryptocurrency may also be subject to capital gains tax, so check with your financial advisor or tax attorney.

Convert your crypto to U.S. currency

Before it can be used to buy a house, cryptocurrency must be converted to U.S. currency.

MKG Enterprises Corp Third=Party Originator is beta-testing to accept cryptocurrency stable coins for its borrowers as a down payment and closing costs, that would be converted to U.S. dollars and offer its borrowers the ability to create a digital wallet to convert their crypto to fiat however much borrowers intend to use and have the money in their bank account prior to closing.

Seasoning 

Your lender’s underwriting team will need to verify that the crypto assets were in your digital wallet or digital exchange account for at least 60 days prior to when you sold them

What are the cons to buying a home with cryptocurrency?

As enticing as cryptocurrency may be, it’s still something of an unknown entity in the real estate industry. When considering buying a home with cryptocurrency, watch out for these drawbacks:

Not all sellers accept cryptocurrency. While trust is growing in Bitcoin, Ethereum and  their competitors, few sellers are ready to go all-in and accept cryptocurrency as payment for a real estate transaction, so it may limit your home-buying options. 

Cryptocurrency exchanges may be subject to capital gains taxes. The IRS considers cryptocurrency a type of property, property that must be sold in order for you to realize its value in dollars. Be sure to consult a tax professional to find out how using cryptocurrency to buy a home may affect your tax liability. 

You may have fewer legal protections in a cryptocurrency transaction. For users of cryptocurrency, two of its main selling points are security and anonymity. But that means transactions are difficult to trace, so if anything goes wrong, you could face a sticky legal situation. Be sure to consult a legal professional to learn how to protect yourself.  

Most mortgage lenders...]]>How to buy a house with cryptocurrency

Cryptocurrency is proving to be less of a trend and more of a force that’s here to stay. Bitcoin (BTC) reached an all-time high of over $68,000 in November 2021 after starting the year at just under $30,000, and the crypto industry  as a whole grew to a total market cap of more than $2 trillion. 

It makes sense that cryptocurrency investors are thinking big when it comes to tapping into the power of their crypto stashes. 

Can you use cryptocurrency to buy a house?

If you’re considering using Bitcoin, Ethereum, Dogecoin, Litecoin or one of a number of other cryptocurrencies to purchase a home, you’re not alone. 

It’s becoming increasingly common, but there are some challenges to be aware of, and the volatility of the cryptocurrency market can make some transactions complicated. 

How do you buy a home with cryptocurrency?

There are a few options for using cryptocurrency to buy a home. 

Convert cryptocurrency to cash

One of the simplest ways to use your cryptocurrency nest egg to buy a home is to sell the cryptocurrency for fiat money (dollars) using a service like BitPay, then use that money to purchase a home. However, keep in mind that you’ll need to keep the fiat money in an account in your name for at least two months before it’s considered an asset that can be used to purchase a home, and a deposit that large may get flagged by the IRS. Any money you make from selling cryptocurrency may also be subject to capital gains tax, so check with your financial advisor or tax attorney.

Convert your crypto to U.S. currency

Before it can be used to buy a house, cryptocurrency must be converted to U.S. currency.

MKG Enterprises Corp Third=Party Originator is beta-testing to accept cryptocurrency stable coins for its borrowers as a down payment and closing costs, that would be converted to U.S. dollars and offer its borrowers the ability to create a digital wallet to convert their crypto to fiat however much borrowers intend to use and have the money in their bank account prior to closing.

Seasoning 

Your lender’s underwriting team will need to verify that the crypto assets were in your digital wallet or digital exchange account for at least 60 days prior to when you sold them

What are the cons to buying a home with cryptocurrency?

As enticing as cryptocurrency may be, it’s still something of an unknown entity in the real estate industry. When considering buying a home with cryptocurrency, watch out for these drawbacks:

Not all sellers accept cryptocurrency. While trust is growing in Bitcoin, Ethereum and  their competitors, few sellers are ready to go all-in and accept cryptocurrency as payment for a real estate transaction, so it may limit your home-buying options. 

Cryptocurrency exchanges may be subject to capital gains taxes. The IRS considers cryptocurrency a type of property, property that must be sold in order for you to realize its value in dollars. Be sure to consult a tax professional to find out how using cryptocurrency to buy a home may affect your tax liability. 

You may have fewer legal protections in a cryptocurrency transaction. For users of cryptocurrency, two of its main selling points are security and anonymity. But that means transactions are difficult to trace, so if anything goes wrong, you could face a sticky legal situation. Be sure to consult a legal professional to learn how to protect yourself.  

Most mortgage lenders may not accept cryptocurrency-derived dollars for a down payment. Again, because cryptocurrency is anonymous, when it’s sold and converted to cash, there’s no paper trail that lenders can use to trace a sudden windfall of money in your account, and they may be hesitant to approve your loan without documentation of funds. 

The value of cryptocurrency is constantly changing. Imagine offering four Bitcoin for a home, having the offer accepted, and then watching the value of Bitcoin double right before the contract is signed. Need we say more?

The bottom line

If you want to buy a home with cryptocurrency, do your homework and be prepared to face some hurdles. If you’re not sure you’re cut out to be a cryptocurrency pioneer, consider giving the real estate industry a few years to get more comfortable with digital currencies before dropping any cryptocurrency on a house.

USDC / MKGE token is now paired on Uniswap as a ERC-20 Stable Coin

Buy Crypto/ Token MKGE with Credit/Debit Card 

https://mkgtaxconsultants.com/buy-crypto/

USDC/MKGE Pool:

https://info.uniswap.org/#/pools/0x83e1c656f5949a54d2bbfd34ac104a2135fa1282

Token:

https://info.uniswap.org/#/tokens/0xa7a293966e2463b7af7f5c6f3b660423e3a9c16b

MKG Enterprises Corp Third-Party Originator 

NLMS ID 1370394

Book A Meeting: https://calendly.com/marshawngovan

https://mkgenterprisescorp.com

Risk Disclosures

Bitcoin, ERC-20 tokens and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment. Information provided by Metropolis Decentralized Exchange is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency.

• An investment in cryptocurrency is not suitable for all investors.

•  An investor could lose all or a substantial portion of his/her investment in cryptocurrency.

•  An investment in cryptocurrency should be discretionary capital set aside strictly for speculative purposes.

•  An investment in cryptocurrency is not suitable or desirable for all investors.

•  Cryptocurrency has limited operating history or performance.

•  Fees and expenses associated with a cryptocurrency investment may be substantial.

The above summary is not a complete list of the risks and other important disclosures involved in investing in cryptocurrency. Any investment in cryptocurrency is subject to all the risks and disclosures set forth in the Customer Transaction Agreement and other definitive customer agreements.

The loan amount is the money you borrow to buy the home. It usually differs from the purchase price since most lenders don’t always provide 100 percent financing. Considering the loan-to-value ratio is important too. This value compares the purchase price and the loan amount and is a number lenders talk about often.

Understanding these numbers helps you make solid real estate investment decisions. While focusing on the purchase price makes sense, it’s the loan amount that plays the most important role in your decision, here’s why.

What’s The Purchase Price?

The purchase price is the amount you agree to pay the seller. It’s the amount on your sales contract or the amount your real estate agent worked so hard to get the seller to agree to.

For example, a home is listed for $300,000, but your real estate agent gets them down to $285,000. Your purchase price is $285,000. That’s what you agree to pay. Now, you probably don’t have $285,000 lying around, so you need financing, which is where the loan amount matters.

The Loan Amount Isn’t The Purchase Price

The loan amount differs from the purchase price because most lenders won’t give you 100 percent of the sales price. We’ll use our $285,000 sales price example from above. Traditional lenders or banks will typically give you 80 percent of that amount, so $228,000 if you live in the home as your primary residence. Primary residence properties have a lower risk of default because you live there, but you must come up with the remaining $57,000. 

Lenders require your own investment to reduce the risk of default. They call it having ‘skin in the game’. Traditional loans require a 20 percent investment. Lenders feel if you have 20 percent of your own money invested, you’ll be more likely to pay your bills on time and not default on the loan, risking your property. 

MKG Enterprises Corp. Third-Party Originator

NLMS ID 1370394

Call 559.412.7248 to speak to a loan officer 

Website:

https://www.blink.mortgage/app/signup/p/mkgenterprisescorp

Qualifying occupations in CA include:

• Medical and Healthcare workers;
• Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers and others serving in a Law Enforcement capacity;
• Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; and
• Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff.

Program Highlights

• Financial assistance for down payment and/or closing costs (Now up to 5.5%).
• Homebuyer doesn't have to be a first-time homebuyer to qualify.
• Perfect credit not required. FICO scores as low as 640 can qualify.
• Flexible income limits (low-to-moderate income).
• Various first mortgage loan types available to fit the needs of the homebuyer
• (FHA, VA, USDA and Conventional financing)

The GSFA OpenDoors Program helps low-to-moderate income homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA), up to 7% of the First Mortgage Loan amount. On a $300,000 Mortgage Loan, 7% in assistance is $21,000.

The program is limited to owner occupied primary residences only. There is no first-time homebuyer requirement and the qualifying guidelines are flexible.

Program Highlights

Financial assistance up to 7%, to use for down payment and/or closing costs.

• Homebuyer doesn't have to be a first-time homebuyer to qualify.
• Perfect credit not required. FICO Scores as low as 620 can qualify.
• Flexible income limits (low-to-moderate income).

Various first mortgage loan types available to fit the needs of the homebuyer.

(FHA, VA, USDA and Conventional financing)

Mortgage Loan Officer

Marshawn Govan NLMS# 1370676

Appointments, Call, Message

Direct (559) 354-3100

Schedule a down payment assistance consultation:

https://calendly.com/marshawngovan

Get Prequalified

https://www.mkgenterprisescorp.com/home-purchase/

Find out how much house you can borrow before you start looking – and how you can make the strongest offer possible on the property you choose.

What documents should you have ready when contacting a loan officer?

When initially contacting a loan officer, you may want to have this list of documents and information available to help answer questions that they will ask you:

• Pay stubs last 30 days
• Bank statements last 3 months
• Employment history
• Previous tax returns 2 years

Get prequalified for a mortgage loan

https://www.mkgenterprisescorp.com/home-purchase/

CalHFA - Am I Eligible?

https://www.calhfa.ca.gov/apps/AmIEligible/

CalHFA FICO requirements 660

https://www.calhfa.ca.gov/homebuyer/programs/index.htm

The Forgivable Equity Builder Loan is a forgivable subordinate loan program that may only be used with a CalHFA first mortgage.

Fannie Mae Area Median Income Lookup Tool

https://ami-lookup-tool.fanniemae.com

80% AMI divided income limit by 12

Calculate DTI = 45% of AMI income limits

Example $50,240 /12= $4,187 X 0.45 = $1,884.15 must include interest + principle + property taxes and PMI

Determines borrowers Capacity ability to make interest and principal repayments on a loan, using his or her disposable income or cash flow.

Conforming 30 Year Fixed

An interest rate of 5.625% (5.89 APR) is for the cost of 1.875 points ($4,687.59) paid at closing. On a $250,000 mortgage, you would make monthly payments of $1,439.15. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%

An interest rate of 6.25% (6.345% APR) is for the cost of points paid at closing. On a $250,000 mortgage, you would make monthly payments of $1,539.30. Monthly payment does not include taxes and insurance premiums. The actual payment amount will be greater. Payment assumes a loan-to-value (LTV) of 60.00%

Mortgage Loan Officer

Marshawn Govan NLMS ID 1370676

Text: (559) 500-6030

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

An employee has a job. This is where most people earn their income. The job itself is owned by a business, which could be a single person or a large corporation. The employee gives his or her time, energy, and skills to an employer in exchange for a pay check and benefits.

Employees can make a little or lot of money. But when an employee stops working (or when the business stops), their income stops, too.

This long-term lack of control over income is the primary problem of the E quadrant. An employee’s financial destiny, security, and freedom is dependent upon the whim and the success of their employer.

S – Self-Employed

Many employees get tired of their lack of control and choose to work for themselves. The self-employed still work, but they own their job.

The S quadrant includes dentists, insurance agents, restaurant owners, realtors, handymen, and many other trade workers. Many self-employed people earn very large incomes, but like the employee, when they stop working so does their income.

Self-employed people do have a lot more control than an employee, but that also means they have more responsibility. As a result, success usually means working harder and working longer. Over the long run this can lead to burn out and fatigue.

B – Business Owner

Those in the B quadrant own a system and lead people. The systems and people who work for the business can run successfully without the business owner’s constant involvement.

The same types of businesses could be run by S owners and B owners. For example, a plumber could own and work in his own plumbing business, or a business owner could create a plumbing business and hire quality plumbers, administrators, and a manager to run the systems of the plumbing business.

The wealthiest individuals in the world typically own businesses. These include Bill Gates of Microsoft, Jeff Bezos of Amazon, and Mark Zuckerberg of Facebook.

I – Investors

Investors own assets that produce income. This is the quadrant for truly passive income.

Investors in this quadrant have usually accumulated money earned in one or more of the other three quadrants, and they let the money go to work and produce even more money for themselves.

Investors often purchase shares of companies owned by those in the B quadrant. The capital from the investors helps to fuel the systems created by the business owner, and this fuel can lead to even greater growth (and more income) for everyone involved.

There are multiple paths to financial independence, but most of them ultimately lead to the right side of the quadrant – B and I. So, if you want to achieve greater financial independence and freedom, it will pay to start learning the skills and mindset required to make this move to the right side.

Become a guest on MKG Tax Consultants News, View Points, Taxes & Finances podcast covers the latest trends in the market from real estate, taxes, finances, crowdfunding, crypto investing, wealth building strategies and asset protection with a mission driven purpose to strengthen our community by closing the wealth gap created by systemic disparities in the financial industry.

https://fresno-capital-formation.captivate.fm/booking

Powered by: MKG Tax Consultants

MKG Enterprises Corp is revolutionizing the tax industry to tackle the housing affordability crisis to build the next financial technology company with a mission driven purpose to strengthen our community by closing the wealth gap created by systemic disparities in the financial industry.

The goal is to give underprivileged and underbanked families access to consumer credit to be able to affordably finance auto loans, finance solar systems, home improvements, make a down payment on a home, investing and/or pay off debt leveraging their tax refund, bitcoin investments, IRA, 401K, 403B, HSA accounts towards the down payment on a house using a proprietary tax-filing banking as a service best in class mobile app, there are even some benefits: 401K, 403B, IRA loans aren’t taxed as early withdrawal penalty and they have low interest rates. 

Choose the Best Mortgage Option Right For You.

First-Time Homebuyers Down Payment Assistance

Work with the Largest Home Lenders In America 

Connect with a mortgage broker in your community. 

Three tax-smart home buying moves: mortgage prequalification vs preapproval and using an IRA to purchase a home.

I. Pre Qualification is an early step in your home buying journey. When you prequalify for a home loan, you’re getting an estimate of what you might be able to borrow, based on information you provide about your finances, as well as a credit check.

Prequalification is also an opportunity to learn about different mortgage options and work with your lender to identify the right fit for your needs and goals.

II. Pre Approval is as close as you can get to confirming your creditworthiness without having a purchase contract in place. You will complete a mortgage application and the lender will verify the information you provide. They’ll also perform a credit check. If you’re pre approved, you’ll receive a preapproval letter, which is an offer (but not a commitment) to lend you a specific amount, good for 90 days.

Find out how much house you can borrow before you start looking – and how you can make the strongest offer possible on the property you choose.

If you’re ready to make your dream of owning a home a reality, you’ve probably already heard that you should consider getting prequalified or preapproved for a mortgage. It’s time to understand exactly what each of those terms means and how they might help you. And when you’re working towards a goal this big, you want every advantage.

III. Using a 401(k) and 403(b) to purchase a home is borrowing from your retirement —this is the more tax favorable option. When you take out a 401(k) or 403(b) loan, you do not incur the early withdrawal penalty, nor do you have to pay income tax on the amount you withdraw up to $10,000 tax free earnings.

But you do have to pay yourself back—that is, you have to put the money back into the account and will pay yourself interest. The interest rate and the other repayment terms are usually designated by your 401(k) plan provider or administrator. Generally, the maximum loan term is five years. However, if you take a loan to buy a principal residence, you may be able to pay it back over a longer period than five years

IRAs

Unlike 401(k)s or 403(b)s IRAs have...]]>Tax-Smart Strategies, Get our Tax-Filing App on Android and iOS -  Now available for personal and business tax preparation, Get approved to buy a home, purchase mortgage insurance and protect your family with life insurance.

Powered by: MKG Tax Consultants

MKG Enterprises Corp is revolutionizing the tax industry to tackle the housing affordability crisis to build the next financial technology company with a mission driven purpose to strengthen our community by closing the wealth gap created by systemic disparities in the financial industry.

The goal is to give underprivileged and underbanked families access to consumer credit to be able to affordably finance auto loans, finance solar systems, home improvements, make a down payment on a home, investing and/or pay off debt leveraging their tax refund, bitcoin investments, IRA, 401K, 403B, HSA accounts towards the down payment on a house using a proprietary tax-filing banking as a service best in class mobile app, there are even some benefits: 401K, 403B, IRA loans aren’t taxed as early withdrawal penalty and they have low interest rates. 

Choose the Best Mortgage Option Right For You.

First-Time Homebuyers Down Payment Assistance

Work with the Largest Home Lenders In America 

Connect with a mortgage broker in your community. 

Three tax-smart home buying moves: mortgage prequalification vs preapproval and using an IRA to purchase a home.

I. Pre Qualification is an early step in your home buying journey. When you prequalify for a home loan, you’re getting an estimate of what you might be able to borrow, based on information you provide about your finances, as well as a credit check.

Prequalification is also an opportunity to learn about different mortgage options and work with your lender to identify the right fit for your needs and goals.

II. Pre Approval is as close as you can get to confirming your creditworthiness without having a purchase contract in place. You will complete a mortgage application and the lender will verify the information you provide. They’ll also perform a credit check. If you’re pre approved, you’ll receive a preapproval letter, which is an offer (but not a commitment) to lend you a specific amount, good for 90 days.

Find out how much house you can borrow before you start looking – and how you can make the strongest offer possible on the property you choose.

If you’re ready to make your dream of owning a home a reality, you’ve probably already heard that you should consider getting prequalified or preapproved for a mortgage. It’s time to understand exactly what each of those terms means and how they might help you. And when you’re working towards a goal this big, you want every advantage.

III. Using a 401(k) and 403(b) to purchase a home is borrowing from your retirement —this is the more tax favorable option. When you take out a 401(k) or 403(b) loan, you do not incur the early withdrawal penalty, nor do you have to pay income tax on the amount you withdraw up to $10,000 tax free earnings.

But you do have to pay yourself back—that is, you have to put the money back into the account and will pay yourself interest. The interest rate and the other repayment terms are usually designated by your 401(k) plan provider or administrator. Generally, the maximum loan term is five years. However, if you take a loan to buy a principal residence, you may be able to pay it back over a longer period than five years

IRAs

Unlike 401(k)s or 403(b)s IRAs have special provisions for first-time homebuyers—people who haven't owned a primary residence in the last two years, according to the IRS.

First, look to take a distribution from your IRA—if you have one. You may be able to withdraw IRA contributions without penalty due to a qualified financial hardship. You can also withdraw up to $10,000 of earnings tax-free if the money is used for a first-time home purchase.

As a first-time homebuyer, you can take a $10,000 distribution without paying the 10% withdrawal penalty, although that $10,000 would be added to your federal and state income taxes. If you take a distribution larger than $10,000, a 10% penalty would be applied to the additional distribution amount. It also would be added to your income taxes.

Publication 590-B  Distributions from Individual Retirement Arrangements (IRAs) 

Complete owning a home contact form below:

https://keap.app/contact-us/7554800076011265

Contact Mortgage Loan Officer 

Marshawn Govan NLMS ID 1370676

Phone (559) 337-5990

If a traditional home loan doesn’t fit your style, MKG Enterprises Corp has other options that may suit your needs.

First-Mortgage Down Payment Assistance Programs

• Minimum down payment of 0% to 3%

• Down payment can be a gift

• Minimum FICO® Score of 640

• Loan amounts up to $647,200

GET PREQUALIFIED

Mortgage Loan Officer

Marshawn Govan NLMS ID 1370676

California Forgivable Equity Builder Loan

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and CalHFA is committed to improving equitable access to homeownership for all Californians. 

The Forgivable Equity Builder Loan gives first-time homebuyers a head start on this with immediate equity in their homes via a loan of up to 10% of the purchase price of the home. The loan is forgivable if the borrower continuously occupies the home as their primary residence for five years

“Interest rates on the CalHFA first mortgage will vary depending on your financial circumstances, lender fees, and other factors. Interest rates can also change daily. 

The Forgivable Equity Builder Loan is a forgivable subordinate loan program that may only be used with a CalHFA first mortgage.

Borrower Requirements

Be a first-time homebuyer

Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.

CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.

Property Requirements

Be a single-family, one-unit residence, including approved condominium, planned unit developments

Guest houses, granny units and in-law quarters may be eligible

Manufactured housing is permitted

Condominiums must meet the guidelines of the first mortgage

Choose the Best Mortgage Option Right For You.

First-Time Homebuyers Down Payment Assistance

Work with the most popular down payment assist programs in California.

Contact Loan Officer

https://www.mkgenterprisescorp.com/contact-us/

Phone (559) 337-5990

We offer video conferencing technology with a sign language interpreter to facilitate communication between a deaf person and a hearing person.

Scheduled-Video Remote interpreting tax preparation, auto, home, life insurance, and mortgage loan originator Sign Language Service price $2.32 per minute 1-hour minimum requirement (paid-in advance) If the scheduled appointment is canceled within 48 hours of the scheduled appointment, the client will be billed for the full scheduled appointment. 

Deaf and Hard of Hearing Taxes & Financial Support (DHTFS) Schedule VRI Support Link:

https://keap.app/checkout/qmz602/scheduled-vrs-asl

On-Demand Video Remote interpreting tax preparation, insurance and mortgage loan originator Sign language $2.80 per minute 1-hour minimum requirement (paid-in advance) On-Demand interpreting will be billed by the minute for the duration the interpreter was connected with the client. 

DHTFS On-Demand VRI Support Link:

https://keap.app/checkout/qmz602/on-demand-vrs

We will email and text message a zoom or video appointment calendar invite for the date and time you requested

All scheduled assignments are subject to a 1-hour minimum per interpreter at the applicable rate and are billed at 15-minute increments after the 1st hour. 

Learn more about our VRS Financial Services

https://mkgtaxconsultants.com/video-remote-interpreting-sign-language-service

OUR MISSION

To provide our clients with sound business advice and represent their interests with the highest level of professionalism, intelligence and integrity in the industry.

Win – Win: or no deal

Integrity: do the right thing

Customers: always come first

Commitment: in all things

Communication: seek first to understand

Creativity: ideas before results

Teamwork: together everyone achieves more

Trust: starts with honesty

Success: results through people

Fresno Calif. has had a 23.1% rent increase over the last 12 months which is well above the state of California (11.6%) and U.S. (15.1%) rent increases. The average one-bedroom apartment now costs $1,150.

KEY POINTS

• Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.
• Single-family homes are less affordable than they have been in just over three quarters of the U.S. — the highest total in 13 years, according to a real estate data tracker.
• All real estate is local, however. Homeownership is more affordable than renting in suburban and rural areas, but it’s cheaper to rent in big cities. 
• Work with a good mortgage loan officer that put your best interest at heart
• Get Pre-approved before home shopping
• Find a good relator that knows the local market
• File two years of tax returns

Contact Darren Wade

Strive Real Estate DRE # 01910957

550 W Alluvial, STE 110

Fresno , CA 93711

(559) 840-8838

Instagram: Dad_Realtor_Investor

Linkedin: https://www.linkedin.com/in/strive-real-estate-group-6602b6180

Website: http://strivehomefinder.com

Overview of CDFI Program

The CDFI Fund was formed as an agency of the Department of the Treasury in 1994 to oversee the CDFI certification program. Once certified, CDFIs are qualified to apply for technical and financial assistance awards (i.e. grants and low-cost credit), as well as operational support and training through the CDFI Fund’s Capacity Building Initiative. CDFI certification is based upon whether the CDFI entity: has a primary mission of promoting community development; primarily serves one or more target markets; and maintains accountability to the defined target market(s). Government benefits and incentives are available for traditional lenders to invest in CDFIs, which, in turn, support communities that traditionally have been overlooked by financial services providers. It has been reported that a 2018 survey conducted by the Opportunity Finance Network estimated that “58% of the clients served by its roughly 300 CDFI members are people of color, 85% are low-income and 48% are women. Certification Process CDFI certification is a designation conferred by the CDFI Fund. Obtaining CDFI certification is a formal acknowledgement by the CDFI Fund that a financial institution meets certain community-development finance criteria. To be eligible for CDFI certification, an organization must be a legal entity and:

• Have a primary mission of promoting community development;
• Be a financing entity (i.e., an entity whose predominant business activity is the provision, in arms-length transactions, of financial products and/or services);
• Serve one or more target markets
• Provide development services in conjunction with its financing activities;
• Maintain accountability to a defined market (typically through representation on its governing board and/or advisory board(s); and
• Be a non-governmental entity (other than a Tribal government) at the time of application.

Conclusion

CDFI loan funds and venture capital funds are options worth considering by fund managers in order to attract new capital in pursuit of community-driven investment opportunities. Renewed government support, as well as growing interest from the private sector, make this an excellent time for innovative private funds, which are interested in acting as a catalyst for investments in underserved communities, to seek CDFI certification.

As more consumers rely on using their mobile phone devices nowadays Americans Check Their Phones 8 Billion Times a Day, making Banking-As-A-Service and online mobile tax preparation a game-changer. Banking as a Service is reconfiguring the banking value chain, enabling new digital banking.

MKG Enterprises Corp is a diversified financial technology company with a mission driven purpose to strengthen our community by closing the...]]>Community Development Financial Institution (CDFI) certification is awarded to “community-based organizations that seek to expand economic opportunity in low-income communities and provide financial products and services to individuals and businesses often underserved by traditional financial institutions. The CDFI Fund, which oversees the certification process, provides technical and financial assistance to empower qualified organizations that are providing disadvantaged communities with financial products and services. Particularly, as the focus of this OnPoint, the CDFI Fund provides a variety of unique benefits to privately-managed loan funds and venture capital funds seeking to assist communities that historically have lacked access to traditional financial services. These benefits may be appealing to banks, bank holding companies and other financial service providers that can serve as investors in these for-profit CDFI-eligible investment funds. The program has garnered recent attention in the wake of COVID-19 with participation by a number of large firms.

Overview of CDFI Program

The CDFI Fund was formed as an agency of the Department of the Treasury in 1994 to oversee the CDFI certification program. Once certified, CDFIs are qualified to apply for technical and financial assistance awards (i.e. grants and low-cost credit), as well as operational support and training through the CDFI Fund’s Capacity Building Initiative. CDFI certification is based upon whether the CDFI entity: has a primary mission of promoting community development; primarily serves one or more target markets; and maintains accountability to the defined target market(s). Government benefits and incentives are available for traditional lenders to invest in CDFIs, which, in turn, support communities that traditionally have been overlooked by financial services providers. It has been reported that a 2018 survey conducted by the Opportunity Finance Network estimated that “58% of the clients served by its roughly 300 CDFI members are people of color, 85% are low-income and 48% are women. Certification Process CDFI certification is a designation conferred by the CDFI Fund. Obtaining CDFI certification is a formal acknowledgement by the CDFI Fund that a financial institution meets certain community-development finance criteria. To be eligible for CDFI certification, an organization must be a legal entity and:

• Have a primary mission of promoting community development;
• Be a financing entity (i.e., an entity whose predominant business activity is the provision, in arms-length transactions, of financial products and/or services);
• Serve one or more target markets
• Provide development services in conjunction with its financing activities;
• Maintain accountability to a defined market (typically through representation on its governing board and/or advisory board(s); and
• Be a non-governmental entity (other than a Tribal government) at the time of application.

Conclusion

CDFI loan funds and venture capital funds are options worth considering by fund managers in order to attract new capital in pursuit of community-driven investment opportunities. Renewed government support, as well as growing interest from the private sector, make this an excellent time for innovative private funds, which are interested in acting as a catalyst for investments in underserved communities, to seek CDFI certification.

As more consumers rely on using their mobile phone devices nowadays Americans Check Their Phones 8 Billion Times a Day, making Banking-As-A-Service and online mobile tax preparation a game-changer. Banking as a Service is reconfiguring the banking value chain, enabling new digital banking.

MKG Enterprises Corp is a diversified financial technology company with a mission driven purpose to strengthen our community by closing the wealth gap created by systemic disparities in the financial industry. By providing venture capital funding, banking-as-a-service, tax refund financial products, tax advantage IRA accounts, digital assets and digital wallets to local businesses and individuals with limited access to consumer credit from banks, thrifts, credit cards, and lenders.

MKG Enterprises Corp Financial Technology best-in-class banking-as-a-service tax-filing app will enable startup businesses to open bank accounts conveniently from their mobile phone, send/ receive ACH deposits, instantly issue virtual and plastic debits cards, pay bills, manage cash flow securely online with an FDIC Insured business bank account. 

Most economists will agree that small businesses are the backbone of the nation’s economy.

They create more new jobs, provide goods and services that bigger businesses may see as not worth their while, and support their local communities. The importance of separating personal finances from business expenses.

Small Businesses Are the Backbone of Our Economy and the Cornerstones of Our Communities”

Over $1.4 trillion dollars was raised through the Regulation D exemption in 2014 and over 40,000 Regulation D offerings have been executed since 2009. Regulation D provides the capability to raise capital in compliance with State and Federal regulations and provides the fundamentals necessary to accomplish soliciting and accepting investment from investors.

MKG Enterprises Corp Banking As A Service

https://mkgtaxconsultants.com/banking-as-a-service/

File electronically and choose direct deposit

To speed refunds, the IRS urges taxpayers to file electronically with direct deposit information as soon as they have everything they need to file an accurate return. If the return includes errors or is incomplete, it may require further review that may slow the tax refund. Having all information available when preparing the 2021 tax return can reduce errors and avoid delays in processing.

IRS Extension Form 4868 Sole Proprietors and Individual

https://mkgtaxconsultants.com/product/irs-extension-form-4868-sole-proprietors-and-individual/

Watch for IRS letters about advance Child Tax Credit payments and third Economic Impact Payments

The IRS started sending Letter 6419, 2021 advance Child Tax Credit, in late December 2021 and continues to do so into January. The letter contains important information that can help ensure the return is accurate. People who received the advance CTC payments can also check the amount of the payments they received by using the CTC Update Portal available on IRS.gov.

Eligible taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance Child Tax Credit payments can claim the full credit by filing a tax return.

The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to individuals who received a third payment in 2021 in late January. While most eligible people already received their stimulus payments, this letter will help individuals determine if they are eligible to claim the Recovery Rebate Credit for missing stimulus payments. If so, they must file a 2021 tax return to claim their remaining stimulus amount. People can also use IRS online account to view their Economic Impact Payment amounts.

Both letters include important information that can help people file an accurate 2021 tax return. If the return includes errors or is incomplete, it may require further review while the IRS corrects the error, which may slow the tax refund. Using this information when preparing a tax return electronically can reduce errors and avoid delays in processing.

The fastest way for eligible individuals to get their 2021 tax refund that will include their allowable Child Tax Credit and Recovery Rebate Credit is by filing electronically and choosing direct deposit.

Tips to make filing easier

To avoid processing delays and speed refunds, the IRS urges people to follow these steps:

Organize and gather 2021 tax records including Social Security...]]>The filing deadline to submit 2021 tax returns or an extension to file and pay tax owed is Monday, April 18, 2022, for most taxpayers. By law, Washington, D.C., holidays impact tax deadlines for everyone in the same way federal holidays do. The due date is April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia for everyone except taxpayers who live in Maine or Massachusetts. Taxpayers in Maine or Massachusetts have until April 19, 2022, to file their returns due to the Patriots' Day holiday in those states. Taxpayers requesting an extension will have until Monday, October 17, 2022, to file.

File electronically and choose direct deposit

To speed refunds, the IRS urges taxpayers to file electronically with direct deposit information as soon as they have everything they need to file an accurate return. If the return includes errors or is incomplete, it may require further review that may slow the tax refund. Having all information available when preparing the 2021 tax return can reduce errors and avoid delays in processing.

IRS Extension Form 4868 Sole Proprietors and Individual

https://mkgtaxconsultants.com/product/irs-extension-form-4868-sole-proprietors-and-individual/

Watch for IRS letters about advance Child Tax Credit payments and third Economic Impact Payments

The IRS started sending Letter 6419, 2021 advance Child Tax Credit, in late December 2021 and continues to do so into January. The letter contains important information that can help ensure the return is accurate. People who received the advance CTC payments can also check the amount of the payments they received by using the CTC Update Portal available on IRS.gov.

Eligible taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to receive the second half of the credit. Eligible taxpayers who did not receive advance Child Tax Credit payments can claim the full credit by filing a tax return.

The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to individuals who received a third payment in 2021 in late January. While most eligible people already received their stimulus payments, this letter will help individuals determine if they are eligible to claim the Recovery Rebate Credit for missing stimulus payments. If so, they must file a 2021 tax return to claim their remaining stimulus amount. People can also use IRS online account to view their Economic Impact Payment amounts.

Both letters include important information that can help people file an accurate 2021 tax return. If the return includes errors or is incomplete, it may require further review while the IRS corrects the error, which may slow the tax refund. Using this information when preparing a tax return electronically can reduce errors and avoid delays in processing.

The fastest way for eligible individuals to get their 2021 tax refund that will include their allowable Child Tax Credit and Recovery Rebate Credit is by filing electronically and choosing direct deposit.

Tips to make filing easier

To avoid processing delays and speed refunds, the IRS urges people to follow these steps:

Organize and gather 2021 tax records including Social Security numbers, Individual Taxpayer Identification Numbers, Adoption Taxpayer Identification Numbers, and this year's Identity Protection Personal Identification Numbers valid for calendar year 2022.

Check IRS.gov for the latest tax information, including the latest on reconciling advance payments of the Child Tax Credit or claiming a Recovery Rebate Credit for missing stimulus payments. There is no need to call.

Set up or log in securely at IRS.gov/account to access personal tax account information including balance, payments, and tax records including adjusted gross income.

Key filing season dates

• April 18: Due date to file 2021 tax return or request extension and pay tax owed due to Emancipation Day holiday in Washington, D.C., even for those who live outside the area.
•  
• April 19: Due date to file 2021 tax return or request extension and pay tax owed for those who live in MA or ME due to Patriots' Day holiday
•  

October 17: Due date to file for those requesting an extension on their 2021 tax returns

Tax Division continues enforcement efforts to stop dishonest return preparers

With less than one month left in this year’s tax season, the Department of Justice urges taxpayers to choose their return preparers wisely. Return preparer fraud is one of the IRS’ Dirty Dozen Tax Scams. Unscrupulous preparers who include errors or false information on a customer’s return could leave a taxpayer open to liability for unpaid taxes, penalties, and interest.

Over the last year, the Justice Department’s Tax Division has worked with U.S. Attorney’s Offices around the country to bring both civil and criminal action against dishonest tax preparers, seeking as appropriate civil injunctions to stop ongoing fraud, civil penalties or disgorgement of ill-gotten proceeds, and criminal sanctions. The department intends to send a strong message that those who prepare fraudulent returns will face serious and lasting consequences.

Examples of civil injunctions obtained by the Tax Division over the last year include:

• On Feb. 25, 2021, a federal court in Delaware enjoined return preparers Jorge Bravo, Michael Eller Income Tax Service, Nelson Graciano and Pedro Toala from preparing, filing or assisting in the preparation or filing of any federal tax returns which claim ineligible persons as dependents, claim improper business expenses or losses, or improperly claiming the Child Tax Credit and other credits. The injunction runs through Dec. 31, 2026, and requires the defendants to hire an independent monitor to examine selected returns.
• On Nov. 17, 2020, a federal court in the Northern District of New York entered a stipulated permanent injunction against Demetric Williams, individually and doing business as Poor No More LLP, that bars him from preparing returns for others, and from owning or operating a tax return preparation business, and from representing customers in connection with any matter before the IRS. Williams was required to notify his customers of the order.
• On Aug. 27, 2020, a federal court in the Western District of Tennessee permanently enjoined Rickey Greer and Stacie Smith (formerly Greer) from acting as federal tax return preparers, assisting in any way in the preparation of federal income tax returns, and representing any person before the IRS. Under the terms of the injunction, the Greers agreed to give up their IRS-assigned preparer identification numbers.

The Tax Division has also sought to strip fraudulent preparers of ill-gotten gains and to hold in contempt those who attempt to flout court-ordered restraints on further fraudulent activity. Over the last year,

• On March 3, 2021, a federal court in the Middle District of Florida, Orlando Division, enjoined Michelle Jenkins from acting as a return preparer, owning a tax preparation business, or training others in the preparation of tax returns. Jenkins must immediately, permanently close any tax preparation stores she owns, and may not franchise any tax return business to others or her customer lists. Jenkins was ordered to disgorge $25,000 in proceeds from her fraudulent tax preparation. On April 9, 2021, Jenkins’ co-defendants, Ben Philippe, Clebert Philippe, and Reliance 1 Tax Services LLC, were similarly enjoined. Ben Philippe was ordered to disgorge $96,945.10; Clebert Philippe and Reliance 1 Tax Services together were ordered to disgorge $134,633.00.
• On Jan. 27,...]]>Justice Department Warns Taxpayers to Avoid Fraudulent Tax Preparers

  Tax Division continues enforcement efforts to stop dishonest return preparers

  With less than one month left in this year’s tax season, the Department of Justice urges taxpayers to choose their return preparers wisely. Return preparer fraud is one of the IRS’ Dirty Dozen Tax Scams. Unscrupulous preparers who include errors or false information on a customer’s return could leave a taxpayer open to liability for unpaid taxes, penalties, and interest.

  Over the last year, the Justice Department’s Tax Division has worked with U.S. Attorney’s Offices around the country to bring both civil and criminal action against dishonest tax preparers, seeking as appropriate civil injunctions to stop ongoing fraud, civil penalties or disgorgement of ill-gotten proceeds, and criminal sanctions. The department intends to send a strong message that those who prepare fraudulent returns will face serious and lasting consequences.

  Examples of civil injunctions obtained by the Tax Division over the last year include:

  • On Feb. 25, 2021, a federal court in Delaware enjoined return preparers Jorge Bravo, Michael Eller Income Tax Service, Nelson Graciano and Pedro Toala from preparing, filing or assisting in the preparation or filing of any federal tax returns which claim ineligible persons as dependents, claim improper business expenses or losses, or improperly claiming the Child Tax Credit and other credits. The injunction runs through Dec. 31, 2026, and requires the defendants to hire an independent monitor to examine selected returns.
  • On Nov. 17, 2020, a federal court in the Northern District of New York entered a stipulated permanent injunction against Demetric Williams, individually and doing business as Poor No More LLP, that bars him from preparing returns for others, and from owning or operating a tax return preparation business, and from representing customers in connection with any matter before the IRS. Williams was required to notify his customers of the order.
  • On Aug. 27, 2020, a federal court in the Western District of Tennessee permanently enjoined Rickey Greer and Stacie Smith (formerly Greer) from acting as federal tax return preparers, assisting in any way in the preparation of federal income tax returns, and representing any person before the IRS. Under the terms of the injunction, the Greers agreed to give up their IRS-assigned preparer identification numbers.
  
  

  The Tax Division has also sought to strip fraudulent preparers of ill-gotten gains and to hold in contempt those who attempt to flout court-ordered restraints on further fraudulent activity. Over the last year,

  • On March 3, 2021, a federal court in the Middle District of Florida, Orlando Division, enjoined Michelle Jenkins from acting as a return preparer, owning a tax preparation business, or training others in the preparation of tax returns. Jenkins must immediately, permanently close any tax preparation stores she owns, and may not franchise any tax return business to others or her customer lists. Jenkins was ordered to disgorge $25,000 in proceeds from her fraudulent tax preparation. On April 9, 2021, Jenkins’ co-defendants, Ben Philippe, Clebert Philippe, and Reliance 1 Tax Services LLC, were similarly enjoined. Ben Philippe was ordered to disgorge $96,945.10; Clebert Philippe and Reliance 1 Tax Services together were ordered to disgorge $134,633.00.
  • On Jan. 27, 2021, a court in the Southern District of Florida permanently enjoined a West Palm Beach return preparer, Lena Cotton, and her business, Professional Accounting LDC, from preparing federal income tax returns for others. The court determined that the defendants were in contempt of several prior orders that had allowed them to prepare returns subject to restrictions and that, in light of previous violations by Cotton and Professional Accounting LDC of the court’s injunctions, “any remedy short of a permanent injunction on return preparation [was] inadequate.”
  • On Aug. 5, 2020, a federal district court in the Northern District of Illinois sanctioned Courtney Norwood for contempt for continuing to prepare tax returns in violation of an earlier injunction. He was ordered to pay $91,200 in disgorgement, reflecting the fees he earned for any returns prepared after the injunction was entered.
  
  

  Criminal convictions obtained by the Tax Division over the last year include:

  • On Nov. 13, 2020, Kenneth Crawford Jr. was convicted at trial and sentenced to 78 months in prison for conspiring to defraud the United States, filing false claims, and obstructing the internal revenue laws. According to evidence presented at trial, between 2015 and 2016, Crawford and his co-conspirators promoted and sold a “mortgage recovery” tax fraud scheme that sought fraudulent refunds from the IRS for their clients.
  • On Oct. 7, 2020, Terry Williamson was sentenced to 70 months in prison for conspiracy to commit mail and wire fraud, following his conviction at trial by a federal jury in Las Vegas. The evidence at trial proved that from January 2009 through April 2011, Williamson and his co-conspirators filed false tax returns with the IRS to fraudulently obtain tax refunds using the names and social security numbers of deceased taxpayers.
  
  

  The Tax Division reminds taxpayers that the IRS has information on its website for choosing a tax preparer, has launched a free directory of federal tax preparers, and offers information on how to avoid “ghost” tax preparers, whose refusal to sign a return should be a red flag to taxpayers. (More information can also be found here.) The IRS also has a list of important reminders for taxpayers who are about to file their 2020 tax returns, including how to prepare for a smooth filing process.

  In addition, IRS Free File, a public-private partnership, offers free online tax preparation and filing options on IRS partner websites for individuals whose adjusted gross income is under $72,000. For individuals whose income is over that threshold, IRS Free File offers electronical federal tax forms that can be filled out and filed online for free.

  Acting Assistant Attorney General David A. Hubbert of the Tax Division made the announcement. In the past decade, the Tax Division has obtained injunctions against hundreds of unscrupulous tax preparers. Information about these cases is available on the Justice Department’s website. An alphabetical listing of persons enjoined from preparing returns and promoting tax schemes can be found this page. If you believe that one of the enjoined persons or businesses may be violating an injunction, please contact the Tax Division with details.

  ]]>ee6ee8d8-968b-44bb-9bf8-88d1683b1604Wed, 13 Apr 2022 19:48:00 -070007:47falsefullMarshawn GovanBeginning in 2018, unreimbursed employee expenses are no longer eligible for a tax deduction on your federal tax returnBeginning in 2018, unreimbursed employee expenses are no longer eligible for a tax deduction on your federal tax return

  The vast majority of W-2 workers can’t deduct unreimbursed employee expenses in 2020. The Tax Cut and Jobs Act (TCJA) eliminated unreimbursed employee expense deductions for all but a handful of protected groups.

  The TCJA restriction lasts until 2026, when miscellaneous itemized deductions are slated to return for all employees.

  
  

  Unreimbursed employee expenses don’t apply to those who aren’t classified as employees. Therefore, independent contractors and other business owners can deduct ordinary and necessary business expenses.

  
  

  You can continue to deduct unreimbursed employee expenses if you are part of one of the following groups:

  
  

  Armed Forces reservists: Members of a reserve component of the military can keep deducting unreimbursed expenses.

  
  

  Qualified performing artists: This definition is narrow. The performing artist — a musician or actor — needs to have at least two employers in a year, earn at least $200 per employer, and report $16,000 or less in adjusted gross income. Earnings made any other way cannot exceed 10% of the person’s total earnings.

  
  

  Fee-basis state or local government officials: These cases are rare. Those employed by a state government and are paid by fees, at least in part, fall into this category. A salaried government official likely wouldn’t qualify.

  
  

  Employees with impairment-related work expenses: Employees with physical or mental disabilities can deduct expenses they incur to be able to work. Expenses could include the cost of attendants and equipment necessary to do their jobs.

  
  

  The unreimbursed business expenses exemption began with 2018 tax returns. This means employees can no longer offset their taxable income with employee business expenses.

  
  

  What Were The Previous Rules About Unreimbursed Employee Business Expenses?

  
  

  Prior to 2018, an employee could deduct unreimbursed job expenses to the extent these expenses, along with certain other miscellaneous expenses, were more than 2% of their Adjusted Gross Income (AGI). The employee would need to be eligible to itemize to deduct these expenses.

  
  

  However, with tax reform, all miscellaneous “2%” expenses, including unreimbursed employee expenses are not allowed between 2018 and 2025. Expenses such as union dues, work-related business travel, or professional organization dues are no longer deductible, even if the employee can itemize deductions.

  
  

  Self-employed taxpayers may continue to deduct ordinary and necessary business expenses against self-employment income on Schedule C or Schedule F.

  
  

  IRS Audit Period Is 3 Years, 6 Years Or Forever: How To Cut Your Risk. But in some cases, even though you filed and thought everything was in order, the statute of limitations on the IRS ability to audit you never runs. The basic rule is that the IRS can audit for three years after you file, but there are many exceptions that give the IRS six years or longer. For example, the three years is doubled to six if you omitted more than 25% of your income. This 25% rule can apply to tax basis too.

  
  

  
  

  ]]>Beginning in 2018, unreimbursed employee expenses are no longer eligible for a tax deduction on your federal tax return

  The vast majority of W-2 workers can’t deduct unreimbursed employee expenses in 2020. The Tax Cut and Jobs Act (TCJA) eliminated unreimbursed employee expense deductions for all but a handful of protected groups.

  The TCJA restriction lasts until 2026, when miscellaneous itemized deductions are slated to return for all employees.

  
  

  Unreimbursed employee expenses don’t apply to those who aren’t classified as employees. Therefore, independent contractors and other business owners can deduct ordinary and necessary business expenses.

  
  

  You can continue to deduct unreimbursed employee expenses if you are part of one of the following groups:

  
  

  Armed Forces reservists: Members of a reserve component of the military can keep deducting unreimbursed expenses.

  
  

  Qualified performing artists: This definition is narrow. The performing artist — a musician or actor — needs to have at least two employers in a year, earn at least $200 per employer, and report $16,000 or less in adjusted gross income. Earnings made any other way cannot exceed 10% of the person’s total earnings.

  
  

  Fee-basis state or local government officials: These cases are rare. Those employed by a state government and are paid by fees, at least in part, fall into this category. A salaried government official likely wouldn’t qualify.

  
  

  Employees with impairment-related work expenses: Employees with physical or mental disabilities can deduct expenses they incur to be able to work. Expenses could include the cost of attendants and equipment necessary to do their jobs.

  
  

  The unreimbursed business expenses exemption began with 2018 tax returns. This means employees can no longer offset their taxable income with employee business expenses.

  
  

  What Were The Previous Rules About Unreimbursed Employee Business Expenses?

  
  

  Prior to 2018, an employee could deduct unreimbursed job expenses to the extent these expenses, along with certain other miscellaneous expenses, were more than 2% of their Adjusted Gross Income (AGI). The employee would need to be eligible to itemize to deduct these expenses.

  
  

  However, with tax reform, all miscellaneous “2%” expenses, including unreimbursed employee expenses are not allowed between 2018 and 2025. Expenses such as union dues, work-related business travel, or professional organization dues are no longer deductible, even if the employee can itemize deductions.

  
  

  Self-employed taxpayers may continue to deduct ordinary and necessary business expenses against self-employment income on Schedule C or Schedule F.

  
  

  IRS Audit Period Is 3 Years, 6 Years Or Forever: How To Cut Your Risk. But in some cases, even though you filed and thought everything was in order, the statute of limitations on the IRS ability to audit you never runs. The basic rule is that the IRS can audit for three years after you file, but there are many exceptions that give the IRS six years or longer. For example, the three years is doubled to six if you omitted more than 25% of your income. This 25% rule can apply to tax basis too.

  
  

  
  

  ]]>50e07f56-d718-45de-952e-c1cc4d4e553bWed, 13 Apr 2022 19:26:00 -070003:54falsefullMarshawn GovanFRESNO ENTREPRENEUR LAUNCHES ONE-STOP BANKING APPMarshawn Govan, President and CFO of MKG Insurance Agency and MKG Tax Consultants, has unveiled a comprehensive banking app that rolls many services, from taxes to crypto, under one banner.

  Published On March 10, 2022 - 11:35 AM

  Written By Frank Lopez at The Fresno Business Journal

  
  

  https://thebusinessjournal.com/fresno-entrepreneur-launches-one-stop-banking-app/

  
  

  
  

  The tax season is upon us, and while every taxpayer encounters some confusion when filing, the uphill tax battle is even steeper for businesses.

  
  

  A local tax and insurance consulting agency has launched an app to make the filing process for personal and business owners quicker and simpler.

  
  

  MKG Insurance Agency and Tax Consultants, with two locations in Fresno, released its banking-as-a-service tax app for both the IOS and Android platform in February.

  
  

  President and CFO Marshawn Govan said it was important to launch the mobile app during Black History Month to honor the contributions African-Americans have made throughout history — and to recognize the fight for racial justice going on to this day.

  
  

  The app allows users to open bank accounts from their mobile phone, send and receive ACH (Automated Clearing House) payments, pay bills and manage cash flow securely online with an FDIC-insured business bank account.

  
  

  The new app is a rebuild from an old version with an IBM license—meaning MKG didn’t own the source code for app. The new app was built specifically for MKG, meaning there is no limit for the license and no costs to renew it.

  
  

  Most tax companies with mobile apps use third-party developers, leasing the software as a service.

  
  

  “We are originators and developers of what we have in the market,” Govan said. “We can also branch out, white label it and offer that as a software service to other tax companies — to a bank looking to become a green product.”

  
  

  The app also helps consumers start the process of buying a home.

  
  

  Govan said the goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.

  
  

  While it is unique that a local tax and insurance agency has its own specifically developed app, MKG also offers crypto tax service.

  
  

  Users will be able to buy, sell and exchange crypto currency. The company even launched its own crypto-token — Token MKG Enterprises Corp.

  
  

  According to Govan, no other tax firm is offering a crypto token.

  
  

  The app also features money-wiring services such as Cash app and Venmo.

  
  

  Users that are business owners will be able to open a business banking account, send and receive money and make check deposits — much like other banking apps on the market.

  
  

  Currently MKG is doing regulation crowdfunding, allowing retail investors that might not be accredited to invest smaller amounts. With smaller investment amounts, Govan said it gives them an opportunity to share in the company’s future growth without them having to invest a large part of their finances.

  
  

  https://wefunder.com/mkgenterprisescorps

  
  

  MKG is preparing to go public in 2022 to be listed on the OTC market. Govan said that investors have the opportunity to invest now before it grows.

  
  

  Govan said there are a lot of barriers for Black people and other underserved communities regarding financial equity, and the FinTech industry is not one where Black people normally...]]>Marshawn Govan, President and CFO of MKG Insurance Agency and MKG Tax Consultants, has unveiled a comprehensive banking app that rolls many services, from taxes to crypto, under one banner.

  Published On March 10, 2022 - 11:35 AM

  Written By Frank Lopez at The Fresno Business Journal

  
  

  https://thebusinessjournal.com/fresno-entrepreneur-launches-one-stop-banking-app/

  
  

  
  

  The tax season is upon us, and while every taxpayer encounters some confusion when filing, the uphill tax battle is even steeper for businesses.

  
  

  A local tax and insurance consulting agency has launched an app to make the filing process for personal and business owners quicker and simpler.

  
  

  MKG Insurance Agency and Tax Consultants, with two locations in Fresno, released its banking-as-a-service tax app for both the IOS and Android platform in February.

  
  

  President and CFO Marshawn Govan said it was important to launch the mobile app during Black History Month to honor the contributions African-Americans have made throughout history — and to recognize the fight for racial justice going on to this day.

  
  

  The app allows users to open bank accounts from their mobile phone, send and receive ACH (Automated Clearing House) payments, pay bills and manage cash flow securely online with an FDIC-insured business bank account.

  
  

  The new app is a rebuild from an old version with an IBM license—meaning MKG didn’t own the source code for app. The new app was built specifically for MKG, meaning there is no limit for the license and no costs to renew it.

  
  

  Most tax companies with mobile apps use third-party developers, leasing the software as a service.

  
  

  “We are originators and developers of what we have in the market,” Govan said. “We can also branch out, white label it and offer that as a software service to other tax companies — to a bank looking to become a green product.”

  
  

  The app also helps consumers start the process of buying a home.

  
  

  Govan said the goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.

  
  

  While it is unique that a local tax and insurance agency has its own specifically developed app, MKG also offers crypto tax service.

  
  

  Users will be able to buy, sell and exchange crypto currency. The company even launched its own crypto-token — Token MKG Enterprises Corp.

  
  

  According to Govan, no other tax firm is offering a crypto token.

  
  

  The app also features money-wiring services such as Cash app and Venmo.

  
  

  Users that are business owners will be able to open a business banking account, send and receive money and make check deposits — much like other banking apps on the market.

  
  

  Currently MKG is doing regulation crowdfunding, allowing retail investors that might not be accredited to invest smaller amounts. With smaller investment amounts, Govan said it gives them an opportunity to share in the company’s future growth without them having to invest a large part of their finances.

  
  

  https://wefunder.com/mkgenterprisescorps

  
  

  MKG is preparing to go public in 2022 to be listed on the OTC market. Govan said that investors have the opportunity to invest now before it grows.

  
  

  Govan said there are a lot of barriers for Black people and other underserved communities regarding financial equity, and the FinTech industry is not one where Black people normally dominate.

  
  

  This makes it difficult for many in communities of color to have access to capital for home loans or business loans.

  
  

  “We want to show businesses in the Valley a path,” Govan said. “ We could become a Silicon Valley in Fresno, but it takes the right companies, the right mindset and having the resources, and getting the information out there for people.”

  Skip the line, download our mobile app today and get started with your tax return from the Safety of your home.

  
  

  Largest possible tax refund or lowest tax liability “money-back written guarantee” 

  
  

  Professionally prepared by MKG Tax Consultants licensed tax preparers

  
  

  Apple Store

  https://apps.apple.com/us/app/mkg-tax-consultants/id1600628580

  
  

  Google Play

  https://play.google.com/store/apps/details?id=com.mkg.enterprises

  
  

  Website: https://mkgtaxconsultants.com

  ]]>18490ded-6d07-4ead-9aaa-ad574247592fFri, 11 Mar 2022 02:25:00 -070004:11falsefullMarshawn GovanShould you rent or buy a home? Prices are surging in both cases, which makes it complicatedShould you rent or buy a home? Prices are surging in both cases, which makes it complicated

  Fresno Calif. has had a 23.1% rent increase over the last 12 months which is well above the state of California (11.6%) and U.S. (15.1%) rent increases. The average one-bedroom apartment now costs $1,150.

  Buying vs Renting

  
  

  There are limits to how much a landlord in California can increase rent. Every rental property that is not exempt from AB 1482 can only have an annual rent increase of 5% plus the annual Consumer Price Index (CPI) percentage change.

  
  

  
  

  “People who were renting in anticipation of buying a home are still renting because the housing prices have gone up so much; the house they wanted to buy a year ago is 20% more than it was

  
  

  
  

  
  

  KEY POINTS

  • Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.
  • Single-family homes are less affordable than they have been in just over three quarters of the U.S. — the highest total in 13 years, according to a real estate data tracker.
  • All real estate is local, however. Homeownership is more affordable than renting in suburban and rural areas, but it’s cheaper to rent in big cities. 
  • Work with a good mortgage loan officer that put your best interest at heart
  • Get Pre-approved before home shopping
  • Find a good relator that knows the local market
  • File two years of tax returns
  
  

  
  

  Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.

  Median-priced, single-family homes are less affordable in just over three quarters of the nation — the highest total in 13 years, according to ATTOM, a real estate data tracker. That’s up from 39% at the end of 2020.

  
  

  Rents are also up, especially for single-family homes, which have been in high demand during the pandemic. Single-family rents increased 10.9% in October 2021 compared to the year-earlier period, a sixth consecutive record high, according to CoreLogic. The fall is typically a slow season for housing.

  So which is more affordable, owning or renting?

  As a tax expert we recommend to use your tax refund as a down payment on a home

  
  

  Four C's of Qualify for a Mortgage

  Whether you are a first-time home buyer or are re-entering the housing market, qualifying for a mortgage can be intimidating. By learning what lenders look at when deciding whether to make a loan, you'll be more confident in navigating the mortgage application process.

  • Credit "620 higher FICO score"
  • Collateral
  • Compacity
  • Cash-to-close
  
  

  
  

  Standards may differ from lender to lender, but there are four core components — the four C's — that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.

  Capacity to Pay Back the Loan

  Lenders look at your income, employment history, savings and monthly debt payments, and other financial obligations to make sure you have the means to comfortably take on a mortgage.

  One of the ways that lenders verify your income is by reviewing several years of your federal income tax returns and W2s, along with current pay stubs. They evaluate your income based on:

  • The source and type of income (e.g., salaried, commission or self-employed)
  • How long you've been receiving the income and whether it's been stable
  • How long that income is expected to continue into the future
  
  

  Lenders will also look at your recurring monthly debts or liabilities, such as:

  • Car...]]>Should you rent or buy a home? Prices are surging in both cases, which makes it complicated

    Fresno Calif. has had a 23.1% rent increase over the last 12 months which is well above the state of California (11.6%) and U.S. (15.1%) rent increases. The average one-bedroom apartment now costs $1,150.

    Buying vs Renting

    
    

    There are limits to how much a landlord in California can increase rent. Every rental property that is not exempt from AB 1482 can only have an annual rent increase of 5% plus the annual Consumer Price Index (CPI) percentage change.

    
    

    
    

    “People who were renting in anticipation of buying a home are still renting because the housing prices have gone up so much; the house they wanted to buy a year ago is 20% more than it was

    
    

    
    

    
    

    KEY POINTS

    • Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.
    • Single-family homes are less affordable than they have been in just over three quarters of the U.S. — the highest total in 13 years, according to a real estate data tracker.
    • All real estate is local, however. Homeownership is more affordable than renting in suburban and rural areas, but it’s cheaper to rent in big cities. 
    • Work with a good mortgage loan officer that put your best interest at heart
    • Get Pre-approved before home shopping
    • Find a good relator that knows the local market
    • File two years of tax returns
    
    

    
    

    Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.

    Median-priced, single-family homes are less affordable in just over three quarters of the nation — the highest total in 13 years, according to ATTOM, a real estate data tracker. That’s up from 39% at the end of 2020.

    
    

    Rents are also up, especially for single-family homes, which have been in high demand during the pandemic. Single-family rents increased 10.9% in October 2021 compared to the year-earlier period, a sixth consecutive record high, according to CoreLogic. The fall is typically a slow season for housing.

    So which is more affordable, owning or renting?

    As a tax expert we recommend to use your tax refund as a down payment on a home

    
    

    Four C's of Qualify for a Mortgage

    Whether you are a first-time home buyer or are re-entering the housing market, qualifying for a mortgage can be intimidating. By learning what lenders look at when deciding whether to make a loan, you'll be more confident in navigating the mortgage application process.

    • Credit "620 higher FICO score"
    • Collateral
    • Compacity
    • Cash-to-close
    
    

    
    

    Standards may differ from lender to lender, but there are four core components — the four C's — that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.

    Capacity to Pay Back the Loan

    Lenders look at your income, employment history, savings and monthly debt payments, and other financial obligations to make sure you have the means to comfortably take on a mortgage.

    One of the ways that lenders verify your income is by reviewing several years of your federal income tax returns and W2s, along with current pay stubs. They evaluate your income based on:

    • The source and type of income (e.g., salaried, commission or self-employed)
    • How long you've been receiving the income and whether it's been stable
    • How long that income is expected to continue into the future
    
    

    Lenders will also look at your recurring monthly debts or liabilities, such as:

    • Car payments
    • Student loans
    • Credit card payments
    • Personal loans
    • Child support
    • Alimony
    • Other debts that you 're obligated to pay
    
    

    Capital

    Lenders consider your readily available money and savings plus investments, properties and other assets that you could access fairly quickly for cash.

    Having money saved or in investments that you can easily convert to cash, known as cash reserves, proves that you can manage your finances and have funds, in addition to your income, to pay the mortgage. Cash reserves might include:

    • Savings
    • Money market funds
    • Other investments that can be converted to cash, such as Individual Retirement Accounts (IRAs), Certificates of Deposit (CDs), stocks, bonds or 401(k) accounts
    
    

    Along with cash reserves, other acceptable sources of capital might include:

    • Gifts from family members
    • Down payment or closing cost assistance programs
    • Grants or matching funds programs
    • Sweat equity
    
    

    When you apply for a mortgage, the lender may need to verify the source of any large deposits in your bank account to ensure they're coming from an allowable source. That is, that you obtained the money legally and that it was not loaned to you.

    Lenders may also look at the last two months of statements for your checking and savings accounts, money market accounts, or investment accounts to evaluate how much capital you have.

    Collateral

    Lenders consider the value of the property and other possessions that you're pledging as security against the loan.

    In the case of a mortgage, the collateral is the home you 're buying. If you don't pay your mortgage, the mortgage company could take possession of your home, known as foreclosure.

    To determine the fair market value of the home you'd like to buy, during the homebuying process your lender will order an appraisal of the property that compares it to similar homes in the neighborhood.

    Credit

    Lenders check your credit score and history to assess your record of paying bills and other debts on time.

    Many mortgages also have minimum credit score requirements. In addition, your credit score could dictate the interest rate that you get and how much of a down payment will be required. 

    Even if you are a renter, or don't have plans to buy right now, it's a good idea to get smart about credit and know ways you can build and maintain strong credit health.

    
    

    
    

    Credit Strong Credit & Savings

    https://mkgtaxconsultants.com/credit-strong-credit-savings/

    
    

    Transform Your Life With Strong Credit and Savings

    Credit Strong helps you build credit as you grow savings.

    
    

    Choose the plan that works for you

    Build credit by saving each month, cancel at any time

    
    

    Make payments & track your progress

    We provide your monthly FICO® Score, for free

    
    

    Unlock your savings

    Once your loan is repaid, your savings are returned

    APPLY TODAY

    ]]>a424cdf5-33f6-4944-ae6a-e9a17731c04aTue, 15 Feb 2022 01:02:00 -070010:40falsefullMarshawn GovanTimeline of African Americans/Blacks in business in AmericaTimeline of African Americans/Blacks in business in America

    The 19th century was not the beginning of Black business in America, but this century would see these pursuits being organized along the lines of and under the newly reconstructed U.S. Government structure. The 1800s saw the creation of many businesses, including insurance companies, banks, and newspapers. The first Black insurance company, The African Insurance Company, was founded in Philadelphia, PA in 1810. The first Black newspaper, Freedom’s Journal, was founded in New York, NY in 1827. However, by the end of the century, many gains made after the enslavement ended were lost due to Jim Crow, Black Codes, segregation, and theft.

    The 20th century began with the formation of the National Negro Business League (currently the National Business League). The year 1900 would usher in the “Golden Age of Black business”, named so by historian, Juliet E. K. Walker. This would last from approximately 1900 to 1930, most likely ending due to The Great Depression, 1929-1939, and race riots and massacres, including one of the best-known, the 1921 Tulsa Race Riot, which spanned from May 31 through June 1 that year and was the first time in history the United States bombed its own people.

    In the first decade of the 21st century, Black businesses experienced the largest growth, adding 0.8 million businesses. The creation of the 2010 Dodd-Frank Wall Street Reform Protection Act to assist Black-owned businesses procure more federal contracts. This Act also established the Office of Minority and Women Inclusion (OMWI) which among other duties, develops standards for equal employment opportunity and the racial, ethnic, and gender diversity of the workforce. The years 2020-2021 saw racial unrest coupled with a pandemic, spurring a rebuilding of Black/African American business and economic bases.

    Honoring Black History Month

    https://mkgtaxconsultants.com/honoring-black-history-month/

    ]]>Timeline of African Americans/Blacks in business in America

    The 19th century was not the beginning of Black business in America, but this century would see these pursuits being organized along the lines of and under the newly reconstructed U.S. Government structure. The 1800s saw the creation of many businesses, including insurance companies, banks, and newspapers. The first Black insurance company, The African Insurance Company, was founded in Philadelphia, PA in 1810. The first Black newspaper, Freedom’s Journal, was founded in New York, NY in 1827. However, by the end of the century, many gains made after the enslavement ended were lost due to Jim Crow, Black Codes, segregation, and theft.

    The 20th century began with the formation of the National Negro Business League (currently the National Business League). The year 1900 would usher in the “Golden Age of Black business”, named so by historian, Juliet E. K. Walker. This would last from approximately 1900 to 1930, most likely ending due to The Great Depression, 1929-1939, and race riots and massacres, including one of the best-known, the 1921 Tulsa Race Riot, which spanned from May 31 through June 1 that year and was the first time in history the United States bombed its own people.

    In the first decade of the 21st century, Black businesses experienced the largest growth, adding 0.8 million businesses. The creation of the 2010 Dodd-Frank Wall Street Reform Protection Act to assist Black-owned businesses procure more federal contracts. This Act also established the Office of Minority and Women Inclusion (OMWI) which among other duties, develops standards for equal employment opportunity and the racial, ethnic, and gender diversity of the workforce. The years 2020-2021 saw racial unrest coupled with a pandemic, spurring a rebuilding of Black/African American business and economic bases.

    Honoring Black History Month

    https://mkgtaxconsultants.com/honoring-black-history-month/

    ]]>fd41ac88-3890-48ff-ae82-9a33b9a8ac76Sun, 13 Feb 2022 17:04:00 -070002:19falsefullMarshawn Govan$50 CASHBACK REWARD for downloading our Banking-As-A-Service Tax-Filing App$50 CASHBACK REWARD for downloading our Banking-As-A-Service Tax-Filing App

    (SECURD) Setting Every Community up for Refund Deposit

    OFFER IS VALID ONE PER CUSTOMER, tax returns must be electronically filed with MKG Tax Consultants and be eligible for an ERD electronic refund deposit.

     

    SECURD Advance loans are available in 15 States APR depends on your resident state.

    California 35.99% APR

    Arkansas

    Colorado 12% APR

    Connecticut 12% APR

    District of Columbia 6% APR

    Florida 18% APR

    Massachusetts 12% APR

    New Jersey 16% APR

    Oklahoma 10% APR

    Oregon 12% APR

    South Carolina 12% APR

    Texas 10% APR

     Virginia 12% APR

    Wisconsin 18% APR

    Wyoming 10% APR

     

    SECURD Advance loans is an optional fixed-term loan offered by Cash Advance Short Term Repayment Option Lender. The SECURD Advance loans principal loan amount, applicable interest and any fees will be deducted from federal and state tax refund proceeds. SECURD Advance is not an actual federal or state tax refund. Applying for a SECURD Advance does not guarantee approval. Qualifications and restrictions apply and all applicants may not be eligible for SECURD Advance.

     SECURD Advance loans is an optional fixed-term loan offered by Cash Advance Short Term Repayment Option Lender. The SECURD Advance loans principal loan amount, applicable interest and any fees will be deducted from federal and state tax refund proceeds. SECURD Advance is not an actual federal or state tax refund. Applying for a SECURD Advance does not guarantee approval. Qualifications and restrictions apply and all applicants may not be eligible for SECURD Advance.

     

    SECURD Advance loans  principal amounts offered are $500, 25%, 50% or 75% of the expected net tax refund amount, up to $10,000 SECURD Advance loans have an APR of 35.99% based on a 30-day term. All SECURD Advance loans have an origination fee. Refund Transfer fees may also apply.

    Download our mobile app today.

    https://mkgtaxconsultants.com

     

    MKG Tax Consultants 

    4021 N Fresno Street Suite 107

    Fresno, CA 93726

    Call us today 1-866-675-3933

    
    

    ]]>$50 CASHBACK REWARD for downloading our Banking-As-A-Service Tax-Filing App

    (SECURD) Setting Every Community up for Refund Deposit

    OFFER IS VALID ONE PER CUSTOMER, tax returns must be electronically filed with MKG Tax Consultants and be eligible for an ERD electronic refund deposit.

     

    SECURD Advance loans are available in 15 States APR depends on your resident state.

    California 35.99% APR

    Arkansas

    Colorado 12% APR

    Connecticut 12% APR

    District of Columbia 6% APR

    Florida 18% APR

    Massachusetts 12% APR

    New Jersey 16% APR

    Oklahoma 10% APR

    Oregon 12% APR

    South Carolina 12% APR

    Texas 10% APR

     Virginia 12% APR

    Wisconsin 18% APR

    Wyoming 10% APR

     

    SECURD Advance loans is an optional fixed-term loan offered by Cash Advance Short Term Repayment Option Lender. The SECURD Advance loans principal loan amount, applicable interest and any fees will be deducted from federal and state tax refund proceeds. SECURD Advance is not an actual federal or state tax refund. Applying for a SECURD Advance does not guarantee approval. Qualifications and restrictions apply and all applicants may not be eligible for SECURD Advance.

     SECURD Advance loans is an optional fixed-term loan offered by Cash Advance Short Term Repayment Option Lender. The SECURD Advance loans principal loan amount, applicable interest and any fees will be deducted from federal and state tax refund proceeds. SECURD Advance is not an actual federal or state tax refund. Applying for a SECURD Advance does not guarantee approval. Qualifications and restrictions apply and all applicants may not be eligible for SECURD Advance.

     

    SECURD Advance loans  principal amounts offered are $500, 25%, 50% or 75% of the expected net tax refund amount, up to $10,000 SECURD Advance loans have an APR of 35.99% based on a 30-day term. All SECURD Advance loans have an origination fee. Refund Transfer fees may also apply.

    Download our mobile app today.

    https://mkgtaxconsultants.com

     

    MKG Tax Consultants 

    4021 N Fresno Street Suite 107

    Fresno, CA 93726

    Call us today 1-866-675-3933

    
    

    ]]>39d33eae-d13e-4cd5-bb6c-88dcd62d0ec2Sun, 06 Feb 2022 19:22:00 -070002:50falsefullMarshawn GovanChild Tax Credit Changes for 2021The American Rescue Plan Act made changes to the Child Tax Credit for 2021 that will significantly affect many taxpayers when they file their 2021 tax returns. As a result of this legislation, many taxpayers with minor children can anticipate receiving monthly payments representing 1/12 of the anticipated credit on the 2021 tax return starting in July 2021. Any advance credit received by the taxpayer will ultimately be reconciled on their 2021 tax return. Set forth below are answers to some of the common questions that tax professionals and taxpayers have about the 2021 Child Tax Credit.

     

    What is the age requirement for the Child Tax Credit?

    The maximum age requirement has been raised for 2021 to be a child under age 18. This will, for the first time, make a 17-year-old an eligible dependent for the Child Tax Credit, including any advance payments of the credit.

    What are the dollar amounts of the Child Tax Credit in 2021?

    The credit has been increased to $3,600 for children under age 6 and $3,000 for children aged 6 to 17.

    
    

    What are the eligibility requirements for claiming the 2021 Child Tax Credit?

    The child must be a U.S. citizen or resident with a valid social security number. 

    
    

    Child Tax Credit Taxpayer Assistance 

    https://mkgtaxconsultants.com/child-tax-credit-taxpayer-assistance/

    
    

    Additional Information:

    IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic A General Information

    IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic B - Eligibility

    Calculation of the 2021 Child Tax Credit

    IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic D - Calculation of Advance Child Tax Credit Payments

    IRS: Overview of Tax Provisions in American Rescue Plan

    
    

    ]]>The American Rescue Plan Act made changes to the Child Tax Credit for 2021 that will significantly affect many taxpayers when they file their 2021 tax returns. As a result of this legislation, many taxpayers with minor children can anticipate receiving monthly payments representing 1/12 of the anticipated credit on the 2021 tax return starting in July 2021. Any advance credit received by the taxpayer will ultimately be reconciled on their 2021 tax return. Set forth below are answers to some of the common questions that tax professionals and taxpayers have about the 2021 Child Tax Credit.

     

    What is the age requirement for the Child Tax Credit?

    The maximum age requirement has been raised for 2021 to be a child under age 18. This will, for the first time, make a 17-year-old an eligible dependent for the Child Tax Credit, including any advance payments of the credit.

    What are the dollar amounts of the Child Tax Credit in 2021?

    The credit has been increased to $3,600 for children under age 6 and $3,000 for children aged 6 to 17.

    
    

    What are the eligibility requirements for claiming the 2021 Child Tax Credit?

    The child must be a U.S. citizen or resident with a valid social security number. 

    
    

    Child Tax Credit Taxpayer Assistance 

    https://mkgtaxconsultants.com/child-tax-credit-taxpayer-assistance/

    
    

    Additional Information:

    IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic A General Information

    IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic B - Eligibility

    Calculation of the 2021 Child Tax Credit

    IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic D - Calculation of Advance Child Tax Credit Payments

    IRS: Overview of Tax Provisions in American Rescue Plan

    
    

    ]]>9218bad9-bc78-4d9e-a092-9bec3cfcf6b6Wed, 26 Jan 2022 20:53:00 -070007:59falsefullMarshawn GovanChild care tax credit doubles this season for 2022 Tax Year: How to claim up to $16,000The child and dependent care credit allows taxpayers to directly reduce their taxes by the amount spent on expenses related to child or dependent care, such as day care, babysitters or related transportation. Thanks to a one-time expansion in the American Rescue Plan Act, parents who paid for child care in 2021 are eligible to receive up to 50% of their expenses back as a tax break or refund.

    The expanded child care tax credit maxes out at $8,000 for one dependent and $16,000 for two or more. The catch? You'll need all your receipts and other monetary proof to make sure you can claim the tax break when you file your income tax return. 

    The child and dependent care credit is a tax break designed to let parents claim expenses from child care. For example, if you paid for a day care provider while you were working, that expense can be claimed as a credit when you file your taxes this year.

    How is the child care credit different for 2021 taxes? In previous years, the maximum amount you could claim was $3,000 for one child or $6,000 for two or more. For 2021 expenses, you can claim up to $8,000 for one child or dependent and up to $16,000 for multiple children. The one-time expansion of the child care credit for 2021 also increases the maximum return rate for child care expenses from 35% to 50%.

    What does that mean? In brief, for the 2021 tax year, you could get up to $4,000 back for one child and $8,000 back for care of two or more.

    Before the American Rescue Plan, the child and dependent care credit was nonrefundable, meaning it could reduce your tax bill to zero but you would not receive a refund on anything extra. Now, the credit is fully refundable, meaning that you will receive money for it even if you don't owe taxes.

    Learn more about 2022 Tax Changes

    https://mkgtaxconsultants.com/2022-tax-changes/

    ]]>The child and dependent care credit allows taxpayers to directly reduce their taxes by the amount spent on expenses related to child or dependent care, such as day care, babysitters or related transportation. Thanks to a one-time expansion in the American Rescue Plan Act, parents who paid for child care in 2021 are eligible to receive up to 50% of their expenses back as a tax break or refund.

    The expanded child care tax credit maxes out at $8,000 for one dependent and $16,000 for two or more. The catch? You'll need all your receipts and other monetary proof to make sure you can claim the tax break when you file your income tax return. 

    The child and dependent care credit is a tax break designed to let parents claim expenses from child care. For example, if you paid for a day care provider while you were working, that expense can be claimed as a credit when you file your taxes this year.

    How is the child care credit different for 2021 taxes? In previous years, the maximum amount you could claim was $3,000 for one child or $6,000 for two or more. For 2021 expenses, you can claim up to $8,000 for one child or dependent and up to $16,000 for multiple children. The one-time expansion of the child care credit for 2021 also increases the maximum return rate for child care expenses from 35% to 50%.

    What does that mean? In brief, for the 2021 tax year, you could get up to $4,000 back for one child and $8,000 back for care of two or more.

    Before the American Rescue Plan, the child and dependent care credit was nonrefundable, meaning it could reduce your tax bill to zero but you would not receive a refund on anything extra. Now, the credit is fully refundable, meaning that you will receive money for it even if you don't owe taxes.

    Learn more about 2022 Tax Changes

    https://mkgtaxconsultants.com/2022-tax-changes/

    ]]>63bffdc1-7368-41b5-8b7e-a21030faed5cSat, 22 Jan 2022 12:16:00 -070007:25falsefullMarshawn Govan2022 Tax-Filing Season Begins Jan 24The Internal Revenue Service (IRS) has announced that taxpayers can begin filing their 2021 tax returns on Monday, January 24, 2022

    The Jan. 24 tax-filing start date for 2022 is 19 days earlier than 2021's start date of Feb. 12.

    At the same time, the IRS warns that the upcoming filing season could be frustrating for taxpayers and tax preparers alike due to pandemic-related delays, a backlog of unprocessed returns from 2021, and years of budget cuts that have made the agency's job more difficult.

    KEY TAKEAWAYS

    • Taxpayers can begin filing 2021 tax returns Monday, Jan. 24, 2022, 21 days earlier than last year.
    • The IRS has warned there could be delays in issuing refunds in 2022 due to issues related to the pandemic, budget cuts, and unprocessed returns from 2021.
    • The tax agency cautions taxpayers to file as early as possible after Jan. 24 and to make sure they have their paperwork in order.
    • The IRS suggests taxpayers look for help online and use phone lines only if necessary.
    • The agency says if you file electronically, choose direct deposit, and, assuming there are no issues with your return, you should get your refund within 21 days.
    
    

    To avoid processing delays and speed refunds, the IRS urges people to follow these steps.

    • Gather your 2021 tax records including Social Security number, Individual Taxpayer Identification Number, Adoption Taxpayer Identification Number, and this year's Identity Protection Personal Identification Number for calendar year 2022.
    • Check IRS.gov for the latest tax information, including the latest on how to reconcile advance payments of the Child Tax Credit or claim a Recovery Rebate Credit for missing stimulus payments.
    • Make sure you report correct amounts for any Economic Impact Payments or advance Child Tax Credits received in 2021.
    • If you need help, use online resources such as MKG Tax Consultants registered return tax preparer Tax Filing Mobile App instead of calling. Calling the IRS should be a last resort.
    • Even if you are not normally required to file a tax return, you need to do so in order to claim a Recovery Rebate Credit, to receive a tax credit from 2021 stimulus payments, or to reconcile advance Child Tax Credit payments.
    • File electronically and request direct deposit.
    
    

    If you request an extension to file by April 18 (or 19), you have until Monday, October 17, 2022, to submit your 2021 tax return. You must pay your estimated taxes, however, by the regular tax filing deadline of April 18 (or 19)

    Things That May Delay Your Refund

    Even though you can file your tax return as soon as Jan. 24, 2022, by law the IRS cannot issue a refund involving the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The purpose of the law is to prevent fraudulent refunds from being issued.

    Download MKG Tax Consultants covid free Tax Filing Loan Originator Mobile App and Get Your Max Tax Refund

    https://mkgtaxconsultants.com

    ]]>The Internal Revenue Service (IRS) has announced that taxpayers can begin filing their 2021 tax returns on Monday, January 24, 2022

    The Jan. 24 tax-filing start date for 2022 is 19 days earlier than 2021's start date of Feb. 12.

    At the same time, the IRS warns that the upcoming filing season could be frustrating for taxpayers and tax preparers alike due to pandemic-related delays, a backlog of unprocessed returns from 2021, and years of budget cuts that have made the agency's job more difficult.

    KEY TAKEAWAYS

    • Taxpayers can begin filing 2021 tax returns Monday, Jan. 24, 2022, 21 days earlier than last year.
    • The IRS has warned there could be delays in issuing refunds in 2022 due to issues related to the pandemic, budget cuts, and unprocessed returns from 2021.
    • The tax agency cautions taxpayers to file as early as possible after Jan. 24 and to make sure they have their paperwork in order.
    • The IRS suggests taxpayers look for help online and use phone lines only if necessary.
    • The agency says if you file electronically, choose direct deposit, and, assuming there are no issues with your return, you should get your refund within 21 days.
    
    

    To avoid processing delays and speed refunds, the IRS urges people to follow these steps.

    • Gather your 2021 tax records including Social Security number, Individual Taxpayer Identification Number, Adoption Taxpayer Identification Number, and this year's Identity Protection Personal Identification Number for calendar year 2022.
    • Check IRS.gov for the latest tax information, including the latest on how to reconcile advance payments of the Child Tax Credit or claim a Recovery Rebate Credit for missing stimulus payments.
    • Make sure you report correct amounts for any Economic Impact Payments or advance Child Tax Credits received in 2021.
    • If you need help, use online resources such as MKG Tax Consultants registered return tax preparer Tax Filing Mobile App instead of calling. Calling the IRS should be a last resort.
    • Even if you are not normally required to file a tax return, you need to do so in order to claim a Recovery Rebate Credit, to receive a tax credit from 2021 stimulus payments, or to reconcile advance Child Tax Credit payments.
    • File electronically and request direct deposit.
    
    

    If you request an extension to file by April 18 (or 19), you have until Monday, October 17, 2022, to submit your 2021 tax return. You must pay your estimated taxes, however, by the regular tax filing deadline of April 18 (or 19)

    Things That May Delay Your Refund

    Even though you can file your tax return as soon as Jan. 24, 2022, by law the IRS cannot issue a refund involving the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The purpose of the law is to prevent fraudulent refunds from being issued.

    Download MKG Tax Consultants covid free Tax Filing Loan Originator Mobile App and Get Your Max Tax Refund

    https://mkgtaxconsultants.com

    ]]>22d98a83-a870-4a57-9452-e267a198a799Sun, 16 Jan 2022 02:01:00 -070006:27falsefullMarshawn GovanWatch for advance Child Tax Credit letter 6419-2021To help taxpayers reconcile and receive all of the Child Tax Credits to which they are entitled, the IRS will send Letter 6419, 2021 advance CTC, starting late December 2021 and continuing into January. The letter will include the total amount of advance Child Tax Credit payments taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments. People should keep this and any other IRS letters about advance Child Tax Credit payments with their tax records.

    Families who received advance payments will need to file a 2021 tax return and compare the advance Child Tax Credit payments they received in 2021 with the amount of the Child Tax Credit they can properly claim on their 2021 tax return.

    The letter contains important information that can make preparing their tax returns easier. People who received the advance CTC payments can also check the amount of their payments by using the CTC Update Portal available on IRS.gov.

    Eligible families who did not receive any advance Child Tax Credit payments can claim the full amount of the Child Tax Credit on their 2021 federal tax return, filed in 2022. This includes families who don’t normally need to file a tax return.

    MKG Tax Consultants

    https://mkgtaxconsultants.com/child-tax-credit-letter-6419-2021/

    ]]>To help taxpayers reconcile and receive all of the Child Tax Credits to which they are entitled, the IRS will send Letter 6419, 2021 advance CTC, starting late December 2021 and continuing into January. The letter will include the total amount of advance Child Tax Credit payments taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments. People should keep this and any other IRS letters about advance Child Tax Credit payments with their tax records.

    Families who received advance payments will need to file a 2021 tax return and compare the advance Child Tax Credit payments they received in 2021 with the amount of the Child Tax Credit they can properly claim on their 2021 tax return.

    The letter contains important information that can make preparing their tax returns easier. People who received the advance CTC payments can also check the amount of their payments by using the CTC Update Portal available on IRS.gov.

    Eligible families who did not receive any advance Child Tax Credit payments can claim the full amount of the Child Tax Credit on their 2021 federal tax return, filed in 2022. This includes families who don’t normally need to file a tax return.

    MKG Tax Consultants

    https://mkgtaxconsultants.com/child-tax-credit-letter-6419-2021/

    ]]>85e7d79c-9aa4-412f-9c83-66879d667fe9Thu, 30 Dec 2021 03:15:00 -070003:34falsefullMarshawn GovanAmerican Rescue Plan 2021 Venmo, Cash App And Other Payment Apps To Report Payments Of $600 Or MoreIf you receive $600 or more payments in total for goods and services through a third-party payment network, such as Venmo, Cash App, or Zelle, these payments will now be reported to the IRS.

    The new rule results from the American Rescue Plan signed into law in March 2021 and will mainly impact business owners using third-party payment network providers. The IRS is cracking down on payments received through apps, such as Cash App, Zelle or Paypal to ensure those using the third-party payment networks are paying their fair share of taxes.

    Previously, the IRS only required third-party payment networks to report payments that met both of the following reporting requirements:

    • Gross payments that exceed $20,000, AND
    • More than 200 transactions within the current year.
    
    

    Beginning Jan. 1, 2022, third-party payment networks will be required to send users Form 1099-K for transactions made by mail or electronically. This means you don’t have to worry just yet: The new tax reporting requirement will impact your 2022 tax return filed in 2023.

    Here’s how the new tax reporting will work.

    Your New 1099-K Tax Reporting Requirements

    Starting Jan. 1, 2022, You will receive Form 1099-K from third-party network providers for income received through electronic forms of payments by Jan. 31 of the following year.

    In the near future, companies like PayPal, Zelle or Cash App may request additional information from you to properly report your transactions on your Form 1099-K. You may be asked to provide your Employer Identification Number (EIN), Individual Tax Identification Number (ITIN) or Social Security Number (SSN) if this information is not on file.

    Your Form 1099-K will include payments from credit cards and online payments. You are required to report any income listed on your Form 1099-K from your taxable transactions on your income tax return.

    Will Venmo, Cash App and Zelle Users Have to Pay a New Tax?

    For Venmo, Cash App and other users, this may sound like a new tax—but it’s merely a tax reporting change to the existing tax law.

    Form 1099-K is a tax form sent to users that may include both taxable and nontaxable income sources. A taxable source of income is included in your income, such as wages, rents, tips, and retirement income. Whereas a nontaxable source is excluded from your income and you will not need to report on your tax return.

    Some examples of nontaxable income are:

    • Money received from a friend as a reimbursement
    • Money received from a roommate to pay their share of the rent
    • Money received from a loved one as a gift
    
    

    Also, if you receive money from selling a personal item at a loss, you are not required to report the amount on your tax return. For example, if you purchased a dress for $100 and sold it for $50, the amount is not taxable.

    But while the new law does not create a new tax, you must keep good records of any taxable income received.

    How to Keep Good Records for Tax Reporting

    Since your Form 1099-K may include both taxable and nontaxable income, keeping good records is essential. You want to select a recordkeeping system that clearly reflects your income.

    You should maintain records such as bank statements, receipts, invoices and other financial documents to reflect taxable income. You can consider saving your records either in electronic form or manually.

    If you are a business owner, it is a good idea to set up a third-party network platform, such as Cash App, Zelle, or Venmo, separately for both your business and personal transactions. This way, you can easily track business transactions.

    Also, keeping good records can be beneficial to prove both taxable and nontaxable income sources if the IRS audits your tax...]]>If you receive $600 or more payments in total for goods and services through a third-party payment network, such as Venmo, Cash App, or Zelle, these payments will now be reported to the IRS.

    The new rule results from the American Rescue Plan signed into law in March 2021 and will mainly impact business owners using third-party payment network providers. The IRS is cracking down on payments received through apps, such as Cash App, Zelle or Paypal to ensure those using the third-party payment networks are paying their fair share of taxes.

    Previously, the IRS only required third-party payment networks to report payments that met both of the following reporting requirements:

    • Gross payments that exceed $20,000, AND
    • More than 200 transactions within the current year.
    
    

    Beginning Jan. 1, 2022, third-party payment networks will be required to send users Form 1099-K for transactions made by mail or electronically. This means you don’t have to worry just yet: The new tax reporting requirement will impact your 2022 tax return filed in 2023.

    Here’s how the new tax reporting will work.

    Your New 1099-K Tax Reporting Requirements

    Starting Jan. 1, 2022, You will receive Form 1099-K from third-party network providers for income received through electronic forms of payments by Jan. 31 of the following year.

    In the near future, companies like PayPal, Zelle or Cash App may request additional information from you to properly report your transactions on your Form 1099-K. You may be asked to provide your Employer Identification Number (EIN), Individual Tax Identification Number (ITIN) or Social Security Number (SSN) if this information is not on file.

    Your Form 1099-K will include payments from credit cards and online payments. You are required to report any income listed on your Form 1099-K from your taxable transactions on your income tax return.

    Will Venmo, Cash App and Zelle Users Have to Pay a New Tax?

    For Venmo, Cash App and other users, this may sound like a new tax—but it’s merely a tax reporting change to the existing tax law.

    Form 1099-K is a tax form sent to users that may include both taxable and nontaxable income sources. A taxable source of income is included in your income, such as wages, rents, tips, and retirement income. Whereas a nontaxable source is excluded from your income and you will not need to report on your tax return.

    Some examples of nontaxable income are:

    • Money received from a friend as a reimbursement
    • Money received from a roommate to pay their share of the rent
    • Money received from a loved one as a gift
    
    

    Also, if you receive money from selling a personal item at a loss, you are not required to report the amount on your tax return. For example, if you purchased a dress for $100 and sold it for $50, the amount is not taxable.

    But while the new law does not create a new tax, you must keep good records of any taxable income received.

    How to Keep Good Records for Tax Reporting

    Since your Form 1099-K may include both taxable and nontaxable income, keeping good records is essential. You want to select a recordkeeping system that clearly reflects your income.

    You should maintain records such as bank statements, receipts, invoices and other financial documents to reflect taxable income. You can consider saving your records either in electronic form or manually.

    If you are a business owner, it is a good idea to set up a third-party network platform, such as Cash App, Zelle, or Venmo, separately for both your business and personal transactions. This way, you can easily track business transactions.

    Also, keeping good records can be beneficial to prove both taxable and nontaxable income sources if the IRS audits your tax return.

    ]]>962a0a6a-1dc5-40c4-9bd8-eb5d1b47221bThu, 30 Dec 2021 03:11:00 -070011:10falsefullMarshawn GovanM&T Credit Services Process for buying a houseWhether you’re buying or selling a home, the experience can be both rewarding and stressful.

    FHA Loan Requirements

    • Credit score of at least 500.
    • Debt-to-income ratio of 50% or less.
    • 3.5% down payment if your credit score is 580 or higher.
    • 10% down payment if your credit score is 500-579.
    • The house must be your primary residence and must meet the FHA’s minimum property requirements.
    
    

    The beauty of family

    Generational wealth transfer is referred to those assets transferred down from one generation to another. When one leave behind a significant number of inheritance for his/her descendants, that will constitute generational wealth. These assets in question include the following: real estate, stock market, investments, a business, or anything else that has monetary value.  

    Research has clearly shown that people who inherited generational wealth often have a significant financial advantage over those who do not have any inherited wealth. They will likely have the capacity to avoid student loans as well as other kinds of debt. 

    The transfer of these generational wealth or assets to beneficiaries upon the death of the owner is done via financial planning methods. And these methods often include the following wills, estate planning, life insurance, or trusts in a tax efficient way. 

    M&T is an innovative team of professional and credit certified individuals who work thoroughly and diligently to improve our clients’ credit scores and financial future.

    Bad credit can be affecting you more than you know. M&T Credit Services, LLC has helped our satisfied clients repair their credit and qualify for home loan. With our highly professional and methodological approach, we cut through the numbers to help get you back on the road to good credit.

    Call (559) 492-8563

    M&T Credit Services | Facebook

    Website: https://www.mtcreditservices.com

    ]]>Whether you’re buying or selling a home, the experience can be both rewarding and stressful.

    FHA Loan Requirements

    • Credit score of at least 500.
    • Debt-to-income ratio of 50% or less.
    • 3.5% down payment if your credit score is 580 or higher.
    • 10% down payment if your credit score is 500-579.
    • The house must be your primary residence and must meet the FHA’s minimum property requirements.
    
    

    The beauty of family

    Generational wealth transfer is referred to those assets transferred down from one generation to another. When one leave behind a significant number of inheritance for his/her descendants, that will constitute generational wealth. These assets in question include the following: real estate, stock market, investments, a business, or anything else that has monetary value.  

    Research has clearly shown that people who inherited generational wealth often have a significant financial advantage over those who do not have any inherited wealth. They will likely have the capacity to avoid student loans as well as other kinds of debt. 

    The transfer of these generational wealth or assets to beneficiaries upon the death of the owner is done via financial planning methods. And these methods often include the following wills, estate planning, life insurance, or trusts in a tax efficient way. 

    M&T is an innovative team of professional and credit certified individuals who work thoroughly and diligently to improve our clients’ credit scores and financial future.

    Bad credit can be affecting you more than you know. M&T Credit Services, LLC has helped our satisfied clients repair their credit and qualify for home loan. With our highly professional and methodological approach, we cut through the numbers to help get you back on the road to good credit.

    Call (559) 492-8563

    M&T Credit Services | Facebook

    Website: https://www.mtcreditservices.com

    ]]>cbcf505f-2c1d-4475-8f12-e729856407ceSun, 19 Dec 2021 00:11:00 -070013:35falsefullMarshawn GovanM&T Credit Services Invest In Your FutureM&T is an innovative team of professional and credit certified individuals who work thoroughly and diligently to improve our clients’ credit scores and financial future.

    Bad credit can be affecting you more than you know. M&T Credit Services, LLC has helped our satisfied clients repair their credit and qualify for home loan. With our highly professional and methodological approach, we cut through the numbers to help get you back on the road to good credit.

    We adhere strictly to the Credit Repair Organizations Act, which means you can relax knowing you are in reputable hands. Contact us today to find out how we can help you take that important first step in getting back into good financial standing.

    Call (559) 492-8563

    M&T Credit Services | Facebook

    Website: https://www.mtcreditservices.com

    ]]>M&T is an innovative team of professional and credit certified individuals who work thoroughly and diligently to improve our clients’ credit scores and financial future.

    Bad credit can be affecting you more than you know. M&T Credit Services, LLC has helped our satisfied clients repair their credit and qualify for home loan. With our highly professional and methodological approach, we cut through the numbers to help get you back on the road to good credit.

    We adhere strictly to the Credit Repair Organizations Act, which means you can relax knowing you are in reputable hands. Contact us today to find out how we can help you take that important first step in getting back into good financial standing.

    Call (559) 492-8563

    M&T Credit Services | Facebook

    Website: https://www.mtcreditservices.com

    ]]>262eef51-9d19-43f5-b2b9-d9170f46a3f9Sun, 19 Dec 2021 00:04:00 -070050:24falsefullMarshawn GovanWealth Matters: The Black-White Wealth Gap Before and During the PandemicThe lack of wealth in many African-American households has left them especially vulnerable to the financial fallout from the coronavirus crisis; but the federal government has perhaps its best opportunity yet to fix these racial disparities.

    Huge wealth disparities between Black and white households in America existed long before the COVID-19 pandemic and have continued during the crisis. Data show that during the pandemic, Black households faced more financial emergencies with fewer economic resources, resulting in a widening gap in economic opportunity between Black and white households.

    Black households had fewer emergency savings to fall back on during pandemic

    The pandemic occurred against the backdrop of a massive Black-white wealth gap. Because households quickly needed to rely on their wealth when the pandemic hit in early 2020, the crisis also illustrated the importance of wealth for families’ financial security. Black households suffered more in the pandemic in large part because they needed more but had much less wealth than white households. Wealth, both as an emergency buffer and as a means to invest in people’s futures, became critically important.

    Millions of households, especially African American and Latino households, faced unemployment and multiple health emergencies more or less from one day to the next. Yet many of these same households had few or no emergency savings to fall back on during this time. When people lost their jobs, many needed to rely on emergency savings, leaving them with less financial security as the pandemic unfolded. For example, in 2020, 46.7 percent of unemployed white households could not come up with $400 in an emergency, while 65.2 percent of unemployed Black households lacked access to $400 in such situations.

    Learn more about Fresno Black investment Group

    https://mkgfinancialgroup.com/capital-formation/

    
    

    Fresno Black Investment Banking

    https://mkgfinancialgroup.com/fresno-black-investment-banking/

    
    

    ]]>The lack of wealth in many African-American households has left them especially vulnerable to the financial fallout from the coronavirus crisis; but the federal government has perhaps its best opportunity yet to fix these racial disparities.

    Huge wealth disparities between Black and white households in America existed long before the COVID-19 pandemic and have continued during the crisis. Data show that during the pandemic, Black households faced more financial emergencies with fewer economic resources, resulting in a widening gap in economic opportunity between Black and white households.

    Black households had fewer emergency savings to fall back on during pandemic

    The pandemic occurred against the backdrop of a massive Black-white wealth gap. Because households quickly needed to rely on their wealth when the pandemic hit in early 2020, the crisis also illustrated the importance of wealth for families’ financial security. Black households suffered more in the pandemic in large part because they needed more but had much less wealth than white households. Wealth, both as an emergency buffer and as a means to invest in people’s futures, became critically important.

    Millions of households, especially African American and Latino households, faced unemployment and multiple health emergencies more or less from one day to the next. Yet many of these same households had few or no emergency savings to fall back on during this time. When people lost their jobs, many needed to rely on emergency savings, leaving them with less financial security as the pandemic unfolded. For example, in 2020, 46.7 percent of unemployed white households could not come up with $400 in an emergency, while 65.2 percent of unemployed Black households lacked access to $400 in such situations.

    Learn more about Fresno Black investment Group

    https://mkgfinancialgroup.com/capital-formation/

    
    

    Fresno Black Investment Banking

    https://mkgfinancialgroup.com/fresno-black-investment-banking/

    
    

    ]]>fee7271b-9ca1-453c-abd7-55a7174f0b68Sun, 05 Dec 2021 22:44:00 -070050:11falsefullMarshawn GovanThe Missing Piece of the Financial Inclusion PuzzleAt Fresno Capital Formation our definition of financial wellness calls for a mindset shift—on both individual and institutional planes. If every person is a unique collection of their own experiences, opportunities, and interests, their finances should be as well. In perpetuating the class system narrative and fighting the wealth war with one-size-fits-all planning, we are instead asking people to shoehorn their identity onto an outdated view of financial success.

    Financial Wellness

    https://mkgenterprisescorp-client.com/the-missing-piece-of-the-financial-inclusion-puzzle-in-blacks-and-hispanics/

    
    

    
    

    Connect with us online or request a callback

    https://justcall.io/call-now/b2957848

    ]]>At Fresno Capital Formation our definition of financial wellness calls for a mindset shift—on both individual and institutional planes. If every person is a unique collection of their own experiences, opportunities, and interests, their finances should be as well. In perpetuating the class system narrative and fighting the wealth war with one-size-fits-all planning, we are instead asking people to shoehorn their identity onto an outdated view of financial success.

    Financial Wellness

    https://mkgenterprisescorp-client.com/the-missing-piece-of-the-financial-inclusion-puzzle-in-blacks-and-hispanics/

    
    

    
    

    Connect with us online or request a callback

    https://justcall.io/call-now/b2957848

    ]]>d61c15da-8207-4a18-a86f-cc140086327cWed, 17 Nov 2021 23:30:00 -070007:55falsefullMarshawn GovanOperation Choke PointOperation Choke Point

    All Americans, entrepreneurs and small businesses across our great country come from very different walks of life. They have taken great risks and share a common dream to start a company that can one day become profitable and provide for their families. While businesses face incredible hurdles before they succeed, the ones that do survive provide the foundation for our local communities.

    Unfortunately, the most alarming hurdle facing businesses today is a Department of Justice initiative known as Operation Choke Point.

    Created under the guise of a program to root out fraud and illegal activity, this initiative has been used by White House administration bureaucrats to pressure banks to end relationships with businesses they consider to be objectionable or "high risk." The House Financial Services Committee, the House Oversight and Government Reform Committee and the House Judiciary have held hearings on this out-of-control program. Peter Weinstock, a partner at a Dallas law firm whose practice focuses on corporate and regulatory representation of financial institutions, testified before the House Judiciary Committee on July 17, 2014:

    "The U.S. Department of Justice created Operation Choke Point ostensibly to combat consumer fraud. However, it has become apparent that the program instead seeks to eradicate disfavored businesses."

    This administration has targeted small businesses such as firearm and ammunition dealers, cigar shops, fireworks retailers, pawn stores, payday lenders and others. This backdoor effort by this administration to target legitimate law-abiding businesses they do not like, and to coerce banks to choke off relationships with these businesses, is completely unacceptable.

    Restore the American Dream to build the next Financial Institution

    Invest in MKG Enterprises Corp on Wefunder

    https://wefunder.com/mkgenterprisescorps

    ]]>Operation Choke Point

    All Americans, entrepreneurs and small businesses across our great country come from very different walks of life. They have taken great risks and share a common dream to start a company that can one day become profitable and provide for their families. While businesses face incredible hurdles before they succeed, the ones that do survive provide the foundation for our local communities.

    Unfortunately, the most alarming hurdle facing businesses today is a Department of Justice initiative known as Operation Choke Point.

    Created under the guise of a program to root out fraud and illegal activity, this initiative has been used by White House administration bureaucrats to pressure banks to end relationships with businesses they consider to be objectionable or "high risk." The House Financial Services Committee, the House Oversight and Government Reform Committee and the House Judiciary have held hearings on this out-of-control program. Peter Weinstock, a partner at a Dallas law firm whose practice focuses on corporate and regulatory representation of financial institutions, testified before the House Judiciary Committee on July 17, 2014:

    "The U.S. Department of Justice created Operation Choke Point ostensibly to combat consumer fraud. However, it has become apparent that the program instead seeks to eradicate disfavored businesses."

    This administration has targeted small businesses such as firearm and ammunition dealers, cigar shops, fireworks retailers, pawn stores, payday lenders and others. This backdoor effort by this administration to target legitimate law-abiding businesses they do not like, and to coerce banks to choke off relationships with these businesses, is completely unacceptable.

    Restore the American Dream to build the next Financial Institution

    Invest in MKG Enterprises Corp on Wefunder

    https://wefunder.com/mkgenterprisescorps

    ]]>adf2c48e-cf0e-47e8-8734-91a43f3ed921Sat, 06 Nov 2021 00:14:00 -070019:14falsefullMarshawn GovanBiden’s Proposal to Empower I.R.SThe Income Gap: Richest Americans Vs. Other Americans

    Another way to compare annual income for the elite one percenter club and the "bottom" 99% percent is this: Nationwide, top 1% percenters' average yearly income is a staggering twenty five and a half times the annual earnings of the bottom ninety nine percent.

    The discrepancy is sharpest in New York. There, top one percenters have nearly 39 more annual income than bottom 99% percenters.

    The difference between the "haves" and everyone else is smallest in West Virginia. There, top one percenters average less than 13 times the annual income of the bottom 99% percenters.

    When the Biden administration looked for ways to pay for the president’s expansive social policy bill, it proposed raising revenue by cracking down on seven trillion in unpaid taxes, mostly from wealthy Americans and businesses.

    To help find those funds, the administration wants banks to give the Internal Revenue Service new details on their customers and provide data for accounts with total annual deposits or withdrawals worth more than six hundred dollars. That has sparked an uproar among banks and Republican lawmakers, who say giving the I.R.S. such power would be an enormous breach of privacy and government overreach.

    Banks already submit tax forms to the I.R.S. about the interest that customer accounts accrue. But the new proposal would require they share information about account balances so that the I.R.S. can see if there are large discrepancies between the income people and businesses report and what they have in the bank. The I.R.S. could audit or investigate the gaps to see if those taxpayers are evading their obligations.

    Biden administration officials say the United States needs more information from taxpayers to crack down on those who do not pay what they owe. The measure, which would affect more than one-hundred  million households and millions of businesses, is estimated to capture $460 billion in additional revenue over a decade, primarily from the wealthiest Americans.

    Banks say the reporting requirements would raise their costs and put them in the unenviable position of handing customer information over to the I.R.S.

     

    Benefits of Decentralized Banking!

    1. Generates Trust – A decentralized bank lowers the risk of systemic failure. 

    Decentralization has led to the emergence of digital currencies that is accompanied by user- confidence. The rise in the valuation of cryptocurrencies somewhat reflects the peoples’ fading trust in central banks and the various government-planned schemes. 

    Decentralized banking comes to counter this decreasing trust of the clients and attempt to rebuild the bond that people share with the banking sector.

     2. Fostering an Open Culture – Decentralisation does not come merely with an innovative technological approach. It promotes an open culture that contributes to economic development. As there are no geographical hindrances, people from all over the world can come on the same platform and work incoherence. It contributes to an open culture as people from various cultures get to meet and even exchange their ideas through the transaction process.

    3. Giving People Control of their Money – It allows every user to choose the currency in which they want to invest. Some currencies are collapsing around the world mostly due to mismanagement by corrupt elites. With a decentralized bank, people get knowledge about the investment and the lending processes, thereby allowing complete control.

    Together we will rebuild, educate,...]]>The Income Gap: Richest Americans Vs. Other Americans

    Another way to compare annual income for the elite one percenter club and the "bottom" 99% percent is this: Nationwide, top 1% percenters' average yearly income is a staggering twenty five and a half times the annual earnings of the bottom ninety nine percent.

    The discrepancy is sharpest in New York. There, top one percenters have nearly 39 more annual income than bottom 99% percenters.

    The difference between the "haves" and everyone else is smallest in West Virginia. There, top one percenters average less than 13 times the annual income of the bottom 99% percenters.

    When the Biden administration looked for ways to pay for the president’s expansive social policy bill, it proposed raising revenue by cracking down on seven trillion in unpaid taxes, mostly from wealthy Americans and businesses.

    To help find those funds, the administration wants banks to give the Internal Revenue Service new details on their customers and provide data for accounts with total annual deposits or withdrawals worth more than six hundred dollars. That has sparked an uproar among banks and Republican lawmakers, who say giving the I.R.S. such power would be an enormous breach of privacy and government overreach.

    Banks already submit tax forms to the I.R.S. about the interest that customer accounts accrue. But the new proposal would require they share information about account balances so that the I.R.S. can see if there are large discrepancies between the income people and businesses report and what they have in the bank. The I.R.S. could audit or investigate the gaps to see if those taxpayers are evading their obligations.

    Biden administration officials say the United States needs more information from taxpayers to crack down on those who do not pay what they owe. The measure, which would affect more than one-hundred  million households and millions of businesses, is estimated to capture $460 billion in additional revenue over a decade, primarily from the wealthiest Americans.

    Banks say the reporting requirements would raise their costs and put them in the unenviable position of handing customer information over to the I.R.S.

     

    Benefits of Decentralized Banking!

    1. Generates Trust – A decentralized bank lowers the risk of systemic failure. 

    Decentralization has led to the emergence of digital currencies that is accompanied by user- confidence. The rise in the valuation of cryptocurrencies somewhat reflects the peoples’ fading trust in central banks and the various government-planned schemes. 

    Decentralized banking comes to counter this decreasing trust of the clients and attempt to rebuild the bond that people share with the banking sector.

     2. Fostering an Open Culture – Decentralisation does not come merely with an innovative technological approach. It promotes an open culture that contributes to economic development. As there are no geographical hindrances, people from all over the world can come on the same platform and work incoherence. It contributes to an open culture as people from various cultures get to meet and even exchange their ideas through the transaction process.

    3. Giving People Control of their Money – It allows every user to choose the currency in which they want to invest. Some currencies are collapsing around the world mostly due to mismanagement by corrupt elites. With a decentralized bank, people get knowledge about the investment and the lending processes, thereby allowing complete control.

    Together we will rebuild, educate, and advocate the importance of the principles of creating generational wealth embracing the DAO blockchain technology.

    A decentralized autonomous organization is a concept for a blockchain-specific entity built and collectively owned by its members. For governance, such entities will rely on the decision-making protocols embedded in smart contracts as opposed to conventional organizations that use central leadership systems. 

    Since smart contracts are impersonal, the organization can be governed by a more horizontal structure without an entrenched hierarchy. Members of the DAO can decide to have built-in treasuries that come with restricted access to approved members who fit pre-specified conditions. 

    Without a centralized governing body, members of a DAO can make proposals and collectively decide on what proposals to implement through a voting system. Smart contracts can help throughout the voting process and automatically implement changes based on the votes.

    Learn more about Decentralized Banking

    https://finance.metropolisdao.org

    ]]>487211e4-3ac5-4a39-8b3b-c7805a3b4031Fri, 15 Oct 2021 01:41:00 -070010:16falsefullMarshawn GovanBanking as a Service Electronic Refund Deposits (ERD) up to $10KBanking-as-a-Service Electronic Refund Deposits (ERD) up to $10K

    Features Identity Theft Shield (TaxShield)

    
    

    Identity Verification Powered by Artificial Intelligence

    Biometric identification

    Address verification

    ID proofing check

    Similarity check

    Certified liveness check

    Bureau Credit Reports and Scores

    W-2 transcript and ten ninety nine transcript (Income Verification)

    Remote Check Deposit

    Our mission is to provide tax refund financial products primarily to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders. tax advantage IRAs, sidechains crypto payments, innovative ERC-20, BEP-20 , xDai tax refund decentralized finance smart contracts solutions and digital wallets.

    How A Refund Anticipation Loan Works

    
    

    Tax Refund Advances- Available 287 days from January 1st to October 15th

    Our competitors only offer tax advances until February 28th and require you to visit an office in person to qualify.

    We offer several lending products exclusively online and through a proprietary mobile app tailored to your financial needs during tax season.

    
    

    Learn more at https://mkgtaxconsultants.com/tax-refund-advances/

    
    

    Background Check Authorization and Disclosures

    https://mkgtaxconsultants.com/background-check-authorization-and-disclosure/

    ]]>Banking-as-a-Service Electronic Refund Deposits (ERD) up to $10K

    Features Identity Theft Shield (TaxShield)

    
    

    Identity Verification Powered by Artificial Intelligence

    Biometric identification

    Address verification

    ID proofing check

    Similarity check

    Certified liveness check

    Bureau Credit Reports and Scores

    W-2 transcript and ten ninety nine transcript (Income Verification)

    Remote Check Deposit

    Our mission is to provide tax refund financial products primarily to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders. tax advantage IRAs, sidechains crypto payments, innovative ERC-20, BEP-20 , xDai tax refund decentralized finance smart contracts solutions and digital wallets.

    How A Refund Anticipation Loan Works

    
    

    Tax Refund Advances- Available 287 days from January 1st to October 15th

    Our competitors only offer tax advances until February 28th and require you to visit an office in person to qualify.

    We offer several lending products exclusively online and through a proprietary mobile app tailored to your financial needs during tax season.

    
    

    Learn more at https://mkgtaxconsultants.com/tax-refund-advances/

    
    

    Background Check Authorization and Disclosures

    https://mkgtaxconsultants.com/background-check-authorization-and-disclosure/

    ]]>a21bc85f-34ad-46b2-b82e-13022c58fdd4Sat, 18 Sep 2021 21:13:00 -070002:38falsefullMarshawn GovanWhy are there so few black investors African-American Are Under-Represented In The Good Ol Boys Club Decentralized FinanceWhy are there so few black investors

    Today, some of the world's most respected and successful figures are in the tech industry. They include the entrepreneurs who have developed innovative products and launched industry-changing companies and the venture capitalists who provide money and assistance to help theses companies thrive. 

    But with the crypto industry and technology sector continues to flourish, and it's luminaries are seen as role models, the industry as a whole is suffering from a lack of diversity at Circle Internet Financial , Kracken, Silver Gate Bank that has undermined these institutions ability to fully realize its transformative potential. 

    African-American Are Under-Represented In The Good Ol Boys Club. The venture capital industry in the US is made up of nearly all whites. How do we change the narrative.

    81% of VC firms don’t have a single black investor — Black VC wants to change that

    Our Principles and Values

    MKG Enterprises Corp Financial Services is a diversified digital asset technology company that provides tax refund financial products primarily to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders. tax advantage IRAs, sidechains crypto payments, innovative ERC-20, BEP-20, xDai tax refund decentralized finance smart contracts solutions and digital wallets.

    Website: https://mkgtaxconsultants.com/about-our-principles-and-values/

    ]]>Why are there so few black investors

    Today, some of the world's most respected and successful figures are in the tech industry. They include the entrepreneurs who have developed innovative products and launched industry-changing companies and the venture capitalists who provide money and assistance to help theses companies thrive. 

    But with the crypto industry and technology sector continues to flourish, and it's luminaries are seen as role models, the industry as a whole is suffering from a lack of diversity at Circle Internet Financial , Kracken, Silver Gate Bank that has undermined these institutions ability to fully realize its transformative potential. 

    African-American Are Under-Represented In The Good Ol Boys Club. The venture capital industry in the US is made up of nearly all whites. How do we change the narrative.

    81% of VC firms don’t have a single black investor — Black VC wants to change that

    Our Principles and Values

    MKG Enterprises Corp Financial Services is a diversified digital asset technology company that provides tax refund financial products primarily to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders. tax advantage IRAs, sidechains crypto payments, innovative ERC-20, BEP-20, xDai tax refund decentralized finance smart contracts solutions and digital wallets.

    Website: https://mkgtaxconsultants.com/about-our-principles-and-values/

    ]]>63244d72-51bd-472a-9d9c-895f58640f98Tue, 14 Sep 2021 14:27:00 -070014:25falsefullMarshawn GovanDeFi LendingWe all know DeFi has been a hot topic of 2021, maybe THE hottest topic, but is that it? Are we done with DeFi? Nope, I don’t think so, we’ve barely started.

     

    Remember the whole crypto space is still early. The global cryptocurrency market will hit $4.94 billion by 2030, more than triple its estimated size of $1.49 billion in 2020.

     

    Source Cited:

    https://www.yahoo.com/now/cryptocurrency-market-more-treble-2030-094803219.html

     

     

    DeFi is definitely here to stay. The whole decentralised space is going to continue to balloon, and as early adopters we need to make bank off it.

     

    Why should anyone invest in crypto? There’s little doubt that digital currencies have seen remarkable growth. Spurred on by the incredible growth of bitcoin (BTC) and ether (ETH), the field of cryptocurrencies has only continued to expand.

    In addition to initial coin offerings (ICOs), there are now many new types of blockchain investment products, from decentralized finance to non-fungible tokens. Many digital currency enthusiasts believe that these investments could produce a new batch of digital currency millionaires (or billionaires).

    Buy Crypto with Credit Debit Card 

    https://mkgtaxconsultants.com/buy-crypto/

     

     

    Part of your strategy should be how you grow your crypto collateral, not just buying crypto and waiting for it to increase in value, but using it to earn you more.

     

    Enter stage left, DeFi lending. Decentralisation allows us to be our own banks. Already we have options to make it happen, and here are four different lending options currently available. Enter Aave, Compound, Celsius and Yield.

     

    Alongside crypto purchases, staking, geysers and more, lending out your crypto is a profitable way to increase your wealth. Here is a brief run down comparing them side by side.

     

    HoneySwap https://honeyswap.org

     

    1Hive is a DAO that issues and distributes a digital currency called Honey. Honey holders stake on proposals using Conviction Voting to determine how issuance is distributed. By supporting proposals that increase the value of Honey, a positive feedback loop drives growth and sustainability. Conviction Voting allows everyone to participate and shape the direction of 1Hive, while preventing anyone from taking control or ownership.

    Coin Refund Transfer (RT) Fiat to Crypto (CoinRT)

    https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/

    
    

    As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic MKG Tax Consultants has developed an Innovative Smart Contract DeFi Tax Advance Stable Coins DeFi Lending Solutions “CoinRT” 

    
    

    CoinRT-xDai Pair

    
    

    We all know DeFi has been a hot topic of 2021, maybe THE hottest topic, but is that it? Are we done with DeFi? Nope, I don’t think so, we’ve barely started.

     

    Remember the whole crypto space is still early. The global cryptocurrency market will hit $4.94 billion by 2030, more than triple its estimated size of $1.49 billion in 2020.

     

    Source Cited:

    https://www.yahoo.com/now/cryptocurrency-market-more-treble-2030-094803219.html

     

     

    DeFi is definitely here to stay. The whole decentralised space is going to continue to balloon, and as early adopters we need to make bank off it.

     

    Why should anyone invest in crypto? There’s little doubt that digital currencies have seen remarkable growth. Spurred on by the incredible growth of bitcoin (BTC) and ether (ETH), the field of cryptocurrencies has only continued to expand.

    In addition to initial coin offerings (ICOs), there are now many new types of blockchain investment products, from decentralized finance to non-fungible tokens. Many digital currency enthusiasts believe that these investments could produce a new batch of digital currency millionaires (or billionaires).

    Buy Crypto with Credit Debit Card 

    https://mkgtaxconsultants.com/buy-crypto/

     

     

    Part of your strategy should be how you grow your crypto collateral, not just buying crypto and waiting for it to increase in value, but using it to earn you more.

     

    Enter stage left, DeFi lending. Decentralisation allows us to be our own banks. Already we have options to make it happen, and here are four different lending options currently available. Enter Aave, Compound, Celsius and Yield.

     

    Alongside crypto purchases, staking, geysers and more, lending out your crypto is a profitable way to increase your wealth. Here is a brief run down comparing them side by side.

     

    HoneySwap https://honeyswap.org

     

    1Hive is a DAO that issues and distributes a digital currency called Honey. Honey holders stake on proposals using Conviction Voting to determine how issuance is distributed. By supporting proposals that increase the value of Honey, a positive feedback loop drives growth and sustainability. Conviction Voting allows everyone to participate and shape the direction of 1Hive, while preventing anyone from taking control or ownership.

    Coin Refund Transfer (RT) Fiat to Crypto (CoinRT)

    https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/

    
    

    As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic MKG Tax Consultants has developed an Innovative Smart Contract DeFi Tax Advance Stable Coins DeFi Lending Solutions “CoinRT” 

    
    

    CoinRT-xDai Pair

    
    

    https://info.honeyswap.org/#/pair/0xe39da1dc4b25e635ffb6f68d38d53b8e759a3fb0

    
    

    CoinRT-USDC Pair

    https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252

    
    

     

     

     

    Aave. aave.com

     

    A decentralised money market platform where lenders post collateral on the platform, allowing them to lend in the form of an aToken like Compound and their cToken, however the aToken is pegged 1:1 to the collateralised asset allowing it to be used as if it were the deposited collateral. The lender then accrues interest tied to their deposits. Two interests rates are offered, stable or variable offering more or less volatility depending on the lender’s risk tolerance and lenders can switch between the two. They also offer flash loans using pooled funds without collateral.

    Whilst on the other side the borrower posts collateral by purchasing DAI. The borrower can then borrow in ETH. This allows the borrower exposure to a diverse range of cryptos without the need to own them outright.

     

    Compound. Compound.finance

     

    The original money market platform. Compound allows you to deposit your crypto to earn interest. They launched to a frenzy. Users rushed to deposit and earn. In return users would receive COMP for participating in the Compound ecosystem, both lenders and borrowers.

     

    Lenders deposit assets in pools, and then receive cTokens to represent the underlying asset. Interest is based on the demand for the asset, the greater the demand. the more interest they earn, incentivising lenders to add to the pools.

    Borrowers draw from the pooled funds but as the pool grows and interest increases, borrowers are deterred from over stretching themselves.

     

    Celsius. Celsius.network

     

    Is basically a middleman. Lenders deposit crypto, which Celsius then distributes to borrowers. The lender is then paid interest on their collateral set by Celsius (minus they’re cut). Lenders and Borrowers can earn greater interest if CEL tokens are purchased.

     

    Yield. Yield.credit

     

    DeFi lending with fixed guaranteed interest rates. Lending and borrowing on the platform is individualised, not pooled. Lenders earn guaranteed rates of interest, no longer having to worry about market dynamics causing the rates to trend to ~0%, while borrowers that maintain loans and repay on time earn YLD, the token native to the platform.

    Now let’s look at some pros/cons of each platform:

     

    Aave.

    Pros Extensive collateral optionsInnovative DeFi products

    Cons Rates are dynamic and typically trend towards ~0% 

    More complex platform to understand

     

    Compound.

    Pros Easy to use platform

    Cons Rates are dynamic and typically trend towards ~0% 

    Limited collateral options

     

    Celsius.

    Pros 25+ collateral options 

    No fees or penalties  

     

    ConsCentralised platform

     

    Yield.

    Pros Individualised loansGuaranteed Interest rate Borrowers earn Yield for repaying loans 100% of fees used to burn YLD Extensive collateral options

    Cons

    Maximum loan size $50k

    **Aave.**Market cap $1.4bn Circ supply 12.1m

    **Compound.**Market cap $740m Circ supply 4.1m

    **Celsius.**Market cap $2.2bn Circ supply 383m

    **Yield.**Market cap $2.5m Circ supply 263k

    
    

    Do-Your-Own-Research, No-Further-Action  and decide on the direction that works for you.

     

    DeFi Lending Solutions 

    https://coinrt.co/ico_listing/defi-solutions/

    
    

    CoinRT

    https://coinrt.co/ico_listing/coinrt/

    
    

    CoinTrust

    https://coinrt.co/ico_listing/coin-trust/

    
    

    Token MKG Enterprises Corp

    
    

    Contract

    0xa7a293966e2463b7af7f5c6f3b660423e3a9c16b

    
    

    
    

    Aave.com

     

    Contract

    0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9

     

    Compound.finance

    
    

    Contract

    0xc00e94cb662c3520282e6f5717214004a7f26888

     

    Celsius.network

    
    

    Contract

    0xaaaebe6fe48e54f431b0c390cfaf0b017d09d42d

     

    Yield.credit

    Contract

    0xdcb01cc464238396e213a6fdd933e36796eaff9f

    
    

    ]]>4b2c348f-7354-4fae-9511-b76b84769d16Sat, 11 Sep 2021 02:37:00 -070012:13falsefullMarshawn GovanDeFi digital wallets could be a solution to stimulus bottlenecksPayPal touts digital wallets

    In brief

    CEO Dan Schulman said digital wallets could be a solution to stimulus bottlenecks.

    Schulman also alluded to the promise of DeFi on the earnings call.

    PayPal CEO Dan Schulman raised the possibility of using digital wallets to distribute stimulus funds rather than the current slow and expensive banking system.

    Is there a better way to distribute stimulus payments? The question has come up in light of governments' efforts to hand out pandemic relief to their citizens—efforts that have often got bogged down as a result of paper checks and other outdated technology.

    
    

    On Wednesday July 29, 2021, PayPal CEO Dan Schulman proposed using digital wallets to streamline these payments, a process that would not be more efficient but reduce fees for the poorest recipients.

    "Imagine not having to send out stimulus checks but sending those directly into a digital wallet where you instantaneously receive it, and you don't have to go to a check cash-in location and exchange that and get charged for that exchange,

    As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic, African-American entrepreneur, Marshawn Govan, developer of Innovative DeFi Tax Advance Mobile Payments "CoinRT " created a smart contract tailored to the Black and Latino community to revolutionize the tax industry in response to the novel coronavirus pandemic--banks were not lending to people of color who were struggling with access to capital even before the pandemic.

    The goal is to give underprivileged and underbanked families access to consumer credit to be able to affordably finance auto loans, make a down payment on a home, investing and/or pay off debt.

    We are excited to now be raising capital on Wefunder to allow retail investors to invest as little as $100 in our company to build the next financial institution which will very soon redefine the tax industry for the better.

    https://wefunder.com/mkgenterprisescorps/

    ]]>PayPal touts digital wallets

    In brief

    CEO Dan Schulman said digital wallets could be a solution to stimulus bottlenecks.

    Schulman also alluded to the promise of DeFi on the earnings call.

    PayPal CEO Dan Schulman raised the possibility of using digital wallets to distribute stimulus funds rather than the current slow and expensive banking system.

    Is there a better way to distribute stimulus payments? The question has come up in light of governments' efforts to hand out pandemic relief to their citizens—efforts that have often got bogged down as a result of paper checks and other outdated technology.

    
    

    On Wednesday July 29, 2021, PayPal CEO Dan Schulman proposed using digital wallets to streamline these payments, a process that would not be more efficient but reduce fees for the poorest recipients.

    "Imagine not having to send out stimulus checks but sending those directly into a digital wallet where you instantaneously receive it, and you don't have to go to a check cash-in location and exchange that and get charged for that exchange,

    As people continue to struggle with access to affordable credit and income tax returns, given the recent changes in the tax laws with the enactment of The PATH ACT and the Global Coronavirus Pandemic, African-American entrepreneur, Marshawn Govan, developer of Innovative DeFi Tax Advance Mobile Payments "CoinRT " created a smart contract tailored to the Black and Latino community to revolutionize the tax industry in response to the novel coronavirus pandemic--banks were not lending to people of color who were struggling with access to capital even before the pandemic.

    The goal is to give underprivileged and underbanked families access to consumer credit to be able to affordably finance auto loans, make a down payment on a home, investing and/or pay off debt.

    We are excited to now be raising capital on Wefunder to allow retail investors to invest as little as $100 in our company to build the next financial institution which will very soon redefine the tax industry for the better.

    https://wefunder.com/mkgenterprisescorps/

    ]]>58d8b5c1-7c16-44bd-bed4-8854998d59cbMon, 02 Aug 2021 05:15:00 -070006:18falsefullMarshawn GovanCoin Trust BEP-20 TokenCoin Trust Mission Statement 

    To provide creative financial solutions to real estate investors through Trust Coin BEP-20 tokens, smart contracts and the determinations to exceed expectations.

    Buy Coin Trust

    https://coinrt.co/ico_listing/coin-trust/

    MKG Enterprises Business Trust is located in Fresno, CA and is part of the real estate business trust sector industry. A Massachusetts Business Trust (MBT) Promoting Diversity, Inclusion, Group Economics in Opportunity Zones Investment in Fresno. 

    MKG Enterprises Business Trust is registered with the United States Security Exchange Commission Offering Reg D exempt security offering to beneficial shareholders as stock certificates in opportunity zones, affordable housing development and land banking.

    MKG Enterprises Business Trust does not effect securities transactions, give investment advice or recommend any securities as it is not registered as a broker-dealer, Reg CF funding portal or investment adviser with the U.S. Securities and Exchange Commission or the securities regulatory commission, agency or body of any state of the United States or any non-U.S. jurisdiction. As such, MEBT is not acting in a fiduciary capacity with respect to any user of the MEBT services, and MEBT disclaims any broker-client or advisor-client relationship with respect to any party using those services.

    
    

    BEP-20 was conceived as a technical specification for Binance Smart Chain, with the goal of providing a flexible format for developers to launch a range of different tokens. These could represent anything from shares in a business to dollars stored in a bank vault ( a stablecoin). 

    
    

    You may know that Binance Smart Chain was envisioned as something of an extension to Binance Chain. With dual chain architecture, both chains are complementary – Binance Smart Chain caters to decentralized applications without congesting the original chain, which is optimized for ultra-fast trading. 

    Because of this architecture, heavy emphasis was placed on cross-chain compatibility. For that reason, BEP-2 tokens can be swapped for their BEP-20 equivalent. The easiest way to do so is perhaps via the Binance Chain Wallet extension  Chrome Store Trust Wallet, Metamask Wallet and Coinbase Wallet

    Learn more about Trust Coin 

    https://mkgenterprisesbusinesstrust.us/coin/trust/

    
    

    ]]>Coin Trust Mission Statement 

    To provide creative financial solutions to real estate investors through Trust Coin BEP-20 tokens, smart contracts and the determinations to exceed expectations.

    Buy Coin Trust

    https://coinrt.co/ico_listing/coin-trust/

    MKG Enterprises Business Trust is located in Fresno, CA and is part of the real estate business trust sector industry. A Massachusetts Business Trust (MBT) Promoting Diversity, Inclusion, Group Economics in Opportunity Zones Investment in Fresno. 

    MKG Enterprises Business Trust is registered with the United States Security Exchange Commission Offering Reg D exempt security offering to beneficial shareholders as stock certificates in opportunity zones, affordable housing development and land banking.

    MKG Enterprises Business Trust does not effect securities transactions, give investment advice or recommend any securities as it is not registered as a broker-dealer, Reg CF funding portal or investment adviser with the U.S. Securities and Exchange Commission or the securities regulatory commission, agency or body of any state of the United States or any non-U.S. jurisdiction. As such, MEBT is not acting in a fiduciary capacity with respect to any user of the MEBT services, and MEBT disclaims any broker-client or advisor-client relationship with respect to any party using those services.

    
    

    BEP-20 was conceived as a technical specification for Binance Smart Chain, with the goal of providing a flexible format for developers to launch a range of different tokens. These could represent anything from shares in a business to dollars stored in a bank vault ( a stablecoin). 

    
    

    You may know that Binance Smart Chain was envisioned as something of an extension to Binance Chain. With dual chain architecture, both chains are complementary – Binance Smart Chain caters to decentralized applications without congesting the original chain, which is optimized for ultra-fast trading. 

    Because of this architecture, heavy emphasis was placed on cross-chain compatibility. For that reason, BEP-2 tokens can be swapped for their BEP-20 equivalent. The easiest way to do so is perhaps via the Binance Chain Wallet extension  Chrome Store Trust Wallet, Metamask Wallet and Coinbase Wallet

    Learn more about Trust Coin 

    https://mkgenterprisesbusinesstrust.us/coin/trust/

    
    

    ]]>ea641c35-258a-4a6a-8c6a-a68b82965addWed, 21 Jul 2021 21:59:00 -070019:54falsefullMarshawn GovanCryptonomics Why should anyone invest in crypto?Question: Why should anyone invest in crypto? There’s little doubt that digital currencies have seen remarkable growth. Spurred on by the incredible growth of bitcoin (BTC) and ether (ETH), the field of cryptocurrencies has only continued to expand.

    In addition to initial coin offerings (ICOs), there are now many new types of blockchain investment products, from decentralized finance to non-fungible tokens. Many digital currency enthusiasts believe that these investments could produce a new batch of digital currency millionaires (or billionaires).

    Metropolis Altcoin Decentralized Exchange

    https://coinrt.co

    Buy Crypto with Credit Card, Apple pay, Google Pay

    ]]>Question: Why should anyone invest in crypto? There’s little doubt that digital currencies have seen remarkable growth. Spurred on by the incredible growth of bitcoin (BTC) and ether (ETH), the field of cryptocurrencies has only continued to expand.

    In addition to initial coin offerings (ICOs), there are now many new types of blockchain investment products, from decentralized finance to non-fungible tokens. Many digital currency enthusiasts believe that these investments could produce a new batch of digital currency millionaires (or billionaires).

    Metropolis Altcoin Decentralized Exchange

    https://coinrt.co

    Buy Crypto with Credit Card, Apple pay, Google Pay

    ]]>ae62120b-9aa6-496c-bbc1-b2ff4a06284aSun, 18 Jul 2021 21:06:00 -070005:37falsefullMarshawn GovanToken MKG Enterprises CorpToken MKG Enterprises Corp

    CoinMKG" is considered one of the most innovative ERC-20 xDai and Ethereum token in the finance industry.

    Open a Self Directed Crypto IRA 

    
    

    Click here to Buy CoinMKG Now

    
    

    As a leading digital asset fintech, we are always thinking forward to growing our share in ERC-20 tax refund blockchain, DeFi products.

    
    

    Coin listing

    
    

    https://coinrt.co/ico_listing/defi-solutions/

    
    

    Etherscan

    https://etherscan.io/token/0xa7a293966e2463b7af7f5c6f3b660423e3a9c16b

    ]]>Token MKG Enterprises Corp

    CoinMKG" is considered one of the most innovative ERC-20 xDai and Ethereum token in the finance industry.

    Open a Self Directed Crypto IRA 

    
    

    Click here to Buy CoinMKG Now

    
    

    As a leading digital asset fintech, we are always thinking forward to growing our share in ERC-20 tax refund blockchain, DeFi products.

    
    

    Coin listing

    
    

    https://coinrt.co/ico_listing/defi-solutions/

    
    

    Etherscan

    https://etherscan.io/token/0xa7a293966e2463b7af7f5c6f3b660423e3a9c16b

    ]]>59f30fc3-f028-4824-91c9-d1fe6f848f2dSun, 04 Jul 2021 03:00:00 -070006:18falsefullMarshawn GovanMetropolis Decentralized Exchange Token Listing and RatingMetropolis Decentralized Exchange is a diversified digital asset technology company, that provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative ERC-20 tax refund financial products.

    We’ve created and constantly update 3 useful lists: Active ICOs, Upcoming ICOs and Ended ICOs for everyone who is interested in ICOs and wants to stay current on the topic. The lists look like a kanban board (Inbox, In Progress, Done).

    ERC-20 ICO Listing and Rating

    https://coinrt.co/ico_listing/

    Research & Development

    Blockchain is revolutionizing our digital world and we want to transform the technology to innovation products

    https://coinrt.co/

    ]]>Metropolis Decentralized Exchange is a diversified digital asset technology company, that provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative ERC-20 tax refund financial products.

    We’ve created and constantly update 3 useful lists: Active ICOs, Upcoming ICOs and Ended ICOs for everyone who is interested in ICOs and wants to stay current on the topic. The lists look like a kanban board (Inbox, In Progress, Done).

    ERC-20 ICO Listing and Rating

    https://coinrt.co/ico_listing/

    Research & Development

    Blockchain is revolutionizing our digital world and we want to transform the technology to innovation products

    https://coinrt.co/

    ]]>febc1b3b-78ce-4257-b8f5-0cdd2492ba58Mon, 21 Jun 2021 03:45:00 -070033:55falsefullMarshawn GovanCoinRT ERC-20 xDai tokenMKG Enterprises Corp Financial Services is a diversified digital asset technology company, that provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative ERC-20 tax refund financial products.

    CoinRT paired with xDai on HoneySwap https://info.honeyswap.org/#/pair/0xe39da1dc4b25e635ffb6f68d38d53b8e759a3fb0

    MKG Tax Consultants "CoinRT" coin refund transfer fiat-to-crypto is considered one of the most innovative ERC-20 xDai token in the tax industry. Combining blockchain, cryptocurrency, tax preparation, and refund transfers together.

    Join the CoinRT xDai decentralized finance movement

    https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/

    CoinRT paired with USDC on HoneySwap https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252

    
    

    CoinRT paired with Compound on HoneySwap https://info.honeyswap.org/#/pair/0xa77058296e2d0e997296305266d7065b6c0fbc6f

    ]]>MKG Enterprises Corp Financial Services is a diversified digital asset technology company, that provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative ERC-20 tax refund financial products.

    CoinRT paired with xDai on HoneySwap https://info.honeyswap.org/#/pair/0xe39da1dc4b25e635ffb6f68d38d53b8e759a3fb0

    MKG Tax Consultants "CoinRT" coin refund transfer fiat-to-crypto is considered one of the most innovative ERC-20 xDai token in the tax industry. Combining blockchain, cryptocurrency, tax preparation, and refund transfers together.

    Join the CoinRT xDai decentralized finance movement

    https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/

    CoinRT paired with USDC on HoneySwap https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252

    
    

    CoinRT paired with Compound on HoneySwap https://info.honeyswap.org/#/pair/0xa77058296e2d0e997296305266d7065b6c0fbc6f

    ]]>cf8b125f-e378-4835-8b07-a0b7d8bfb3cdSat, 29 May 2021 23:12:00 -070011:01falsefullMKG Enterprises Corp Financial Services is a diversified digital asset technology company, that provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative ERC-20 tax refund financial products. CoinRT paired with xDai on HoneySwap https://info.honeyswap.org/#/pair/0xe39da1dc4b25e635ffb6f68d38d53b8e759a3fb0 MKG Tax Consultants "CoinRT" coin refund transfer fiat-to-crypto is considered one of the most innovative ERC-20 xDai token in the tax industry. Combining blockchain, cryptocurrency, tax preparation, and refund transfers together. Join the CoinRT xDai decentralized finance movement https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/Marshawn GovanCoinMKG ERC-20 is an Asset-Backed cryptocurrencyCoinMKG ERC-20 is an Asset-Backed cryptocurrency 

    MKG Enterprises Corp Financial Services is a diversified consumer finance company. Our company provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative tax refund financial products MKG Tax Consultants is considered one of the most innovative fintech in the tax industry. Combining blockchain, cryptocurrency, tax preparation, and tax refund together. Immutable and distributable CoinMKG ERC-20 can be redeemed for 1 US $1.00 giving it a stable price View Flipbook   As a leading tax preparation technology company, we are always thinking forward to growing our share in ERC-20 tax refund blockchain technology, crypto products. -- We believe this will enable us to leverage our financial products to become the fastest-growing tax refund blockchain provider in the US market.”

    ICOs initial coin offerings on this website, if made pursuant to Rule 506(b) or Rule 506(c) of Regulation D, generally are available only to “accredited investors” as defined in Regulation D.

    
    

    Get Verified as an Accredited Investor

    
    

    If you’re an individual accredited investor considering an investment in a Reg D 506 (c) private placement and need to be verified, click here to get your secure, electronic certificate of verification. A Simple Agreement Future Token (SAFT) gives these investors the right to future tokens in the company. Those who would like to invest are betting that the company will be worth more than $5M eventually.

    https://mkgenterprisescorp-client.com/ico/coin-mkg-enterprises

    ]]>CoinMKG ERC-20 is an Asset-Backed cryptocurrency 

    MKG Enterprises Corp Financial Services is a diversified consumer finance company. Our company provides virtual tax consultancy, blockchain, cryptocurrency payments, innovative tax refund financial products MKG Tax Consultants is considered one of the most innovative fintech in the tax industry. Combining blockchain, cryptocurrency, tax preparation, and tax refund together. Immutable and distributable CoinMKG ERC-20 can be redeemed for 1 US $1.00 giving it a stable price View Flipbook   As a leading tax preparation technology company, we are always thinking forward to growing our share in ERC-20 tax refund blockchain technology, crypto products. -- We believe this will enable us to leverage our financial products to become the fastest-growing tax refund blockchain provider in the US market.”

    ICOs initial coin offerings on this website, if made pursuant to Rule 506(b) or Rule 506(c) of Regulation D, generally are available only to “accredited investors” as defined in Regulation D.

    
    

    Get Verified as an Accredited Investor

    
    

    If you’re an individual accredited investor considering an investment in a Reg D 506 (c) private placement and need to be verified, click here to get your secure, electronic certificate of verification. A Simple Agreement Future Token (SAFT) gives these investors the right to future tokens in the company. Those who would like to invest are betting that the company will be worth more than $5M eventually.

    https://mkgenterprisescorp-client.com/ico/coin-mkg-enterprises

    ]]>a492c5d2-5a32-4dbb-9a83-d05db590764dTue, 04 May 2021 20:56:00 -070004:56falsefullMarshawn GovanInvest as little as $100 in MKG Enterprises Corp on WefunderInvest as little as $100 in MKG Enterprises Corp on Wefunder.

    A future Equity Agreement (SAFE) gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $500K eventually.

    EARLY BIRD TERMS: $249,900 LEFT

    https://wefunder.com/mkgenterprisescorps

    We are excited to now be raising capital on Wefunder to allow retail investors to invest as little as $100 in our company to build the next financial institution which will very soon redefine the tax industry for the better.

    Why Invest In Our Company:

    MKG Enterprises Corp is a diversified financial service company that provides consumer and commercial loans primarily to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders. Through our platform, MKG Enterprises Auto Finance division will be able to finance monthly automobile payments and increase flexible car buying and auto loan options for used automobiles and refinance existing auto loans to consumers with limited access to credit using the mobile loan app.

    ]]>Invest as little as $100 in MKG Enterprises Corp on Wefunder.

    A future Equity Agreement (SAFE) gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $500K eventually.

    EARLY BIRD TERMS: $249,900 LEFT

    https://wefunder.com/mkgenterprisescorps

    We are excited to now be raising capital on Wefunder to allow retail investors to invest as little as $100 in our company to build the next financial institution which will very soon redefine the tax industry for the better.

    Why Invest In Our Company:

    MKG Enterprises Corp is a diversified financial service company that provides consumer and commercial loans primarily to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders. Through our platform, MKG Enterprises Auto Finance division will be able to finance monthly automobile payments and increase flexible car buying and auto loan options for used automobiles and refinance existing auto loans to consumers with limited access to credit using the mobile loan app.

    ]]>a5127913-f0af-4125-a365-15340dd3a6feMon, 22 Mar 2021 14:34:00 -070024:36falsefullMKG Enterprises CorpBlack Finance Month | Black History MonthBlack Finance Month | Black History Month

    Black Finance Month

    Black History Month

    Focus on the hard times ahead with thoughts of those who came before you.

    Focus on the mission ahead with thoughts of your role as a leader in your community.

    
    

    Focus on the obligations of your family with thoughts of their needs first, personal needs last.

    
    

    Focus on the future of your people with thoughts of your course of actions to make their dreams come true by any means necessary.

    
    

    Peace​, Power​, Respect​, Dignity​, Love​

    
    

    10 Wealth for Life Principles

    
    

    A Social, Economic and Investing Guide to Creating Black Wealth

    
    

    I will live within my means.

    
    

    I will maximize my income potential through education and training.

    
    

    I will effectively manage my budget, credit, debt, and tax obligations.

    
    

    I will save at least 10% of my income.

    
    

    I will use homeownership as a foundation for building wealth.

    
    

    I will devise an investment plan for my retirement needs and children’s education.

    
    

    I will ensure that my entire family adheres to sensible money management principles.

    
    

    I will support the creation and growth of minority-owned businesses.

    
    

    I will guarantee my wealth is passed onto future generations through proper insurance and estate planning.

    
    

    I will strengthen my community through philanthropy.

    
    

    Become your own investment bank using your IRA or 401k savings

    
    

    https://mkgfinancialgroup.com/self-directed-ira/

    ]]>Black Finance Month | Black History Month

    Black Finance Month

    Black History Month

    Focus on the hard times ahead with thoughts of those who came before you.

    Focus on the mission ahead with thoughts of your role as a leader in your community.

    
    

    Focus on the obligations of your family with thoughts of their needs first, personal needs last.

    
    

    Focus on the future of your people with thoughts of your course of actions to make their dreams come true by any means necessary.

    
    

    Peace​, Power​, Respect​, Dignity​, Love​

    
    

    10 Wealth for Life Principles

    
    

    A Social, Economic and Investing Guide to Creating Black Wealth

    
    

    I will live within my means.

    
    

    I will maximize my income potential through education and training.

    
    

    I will effectively manage my budget, credit, debt, and tax obligations.

    
    

    I will save at least 10% of my income.

    
    

    I will use homeownership as a foundation for building wealth.

    
    

    I will devise an investment plan for my retirement needs and children’s education.

    
    

    I will ensure that my entire family adheres to sensible money management principles.

    
    

    I will support the creation and growth of minority-owned businesses.

    
    

    I will guarantee my wealth is passed onto future generations through proper insurance and estate planning.

    
    

    I will strengthen my community through philanthropy.

    
    

    Become your own investment bank using your IRA or 401k savings

    
    

    https://mkgfinancialgroup.com/self-directed-ira/

    ]]>f57716a1-a141-4c42-b0a1-da15630e2214Mon, 01 Feb 2021 18:09:00 -070003:00falsefullMKG Enterprises CorpTax-Time Financial Products that African-American Households are 36 percent more likely to use the products than white householdsMore than 20 million American taxpayers spent at least an estimated half a billion dollars in 2017 on financial products that are based on their anticipated tax refund, according to the National Consumer Law Center. Tax-time financial products, typically offered by banks and made available by providers of tax preparation services, include refund advances and refund anticipation loans (credit products) and refund transfers (deposit product). In fiscal year 2017, the Internal Revenue Service (IRS) processed more than 150 million individual federal income tax returns, and issued almost 120 million refunds totaling almost $383 billion, according to IRS. 

    Trends in the market for tax-time financial products since 2012 include 

    • the decline of refund anticipation loans (short-term loans subject to finance charges and fees),

     • the rise in use of refund transfers (temporary bank accounts in which to receive funds), and

     • the introduction of refund advances (loans with no fees or finance charges). 

    
    

    More recent product developments include increased online access to products for self-filers, higher refund advance amounts, the introduction of new products, and for tax year 2019, the reintroduction of fee-based loans. Specifically, taxpayers who made less than $40,000 were significantly more likely to use the products than those who made more. African-American households were 36 percent more likely to use the products than white households. Product users tend to have immediate cash needs, according to studies Government Accountability Office. For these users, tax-time financial products generally provide easier access to cash and more cash at a lower cost than alternatives such as payday, pawnshop, or car title loans.  

    
    

    MKG Tax Consultants provides Tax Refund Financial Products to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders determined by their tax refund status instead of their FICO score as a bank product or RAC refund Anticipation Check to the under bank by providing no upfront tax preparation fee’s and consumer loan products.

    
    

    https://mkgtaxconsultants.com/

    ]]>More than 20 million American taxpayers spent at least an estimated half a billion dollars in 2017 on financial products that are based on their anticipated tax refund, according to the National Consumer Law Center. Tax-time financial products, typically offered by banks and made available by providers of tax preparation services, include refund advances and refund anticipation loans (credit products) and refund transfers (deposit product). In fiscal year 2017, the Internal Revenue Service (IRS) processed more than 150 million individual federal income tax returns, and issued almost 120 million refunds totaling almost $383 billion, according to IRS. 

    Trends in the market for tax-time financial products since 2012 include 

    • the decline of refund anticipation loans (short-term loans subject to finance charges and fees),

     • the rise in use of refund transfers (temporary bank accounts in which to receive funds), and

     • the introduction of refund advances (loans with no fees or finance charges). 

    
    

    More recent product developments include increased online access to products for self-filers, higher refund advance amounts, the introduction of new products, and for tax year 2019, the reintroduction of fee-based loans. Specifically, taxpayers who made less than $40,000 were significantly more likely to use the products than those who made more. African-American households were 36 percent more likely to use the products than white households. Product users tend to have immediate cash needs, according to studies Government Accountability Office. For these users, tax-time financial products generally provide easier access to cash and more cash at a lower cost than alternatives such as payday, pawnshop, or car title loans.  

    
    

    MKG Tax Consultants provides Tax Refund Financial Products to customers with limited access to consumer credit from banks, thrifts, credit cards, and lenders determined by their tax refund status instead of their FICO score as a bank product or RAC refund Anticipation Check to the under bank by providing no upfront tax preparation fee’s and consumer loan products.

    
    

    https://mkgtaxconsultants.com/

    ]]>bc6c4fdc-b367-4fee-a770-d1905b6fad57Mon, 25 Jan 2021 02:00:00 -070006:01falsefullMKG Enterprises CorpCrowdfunding Advisory Services “CAS”Crowdfunding Advisory Services “CAS”

    Click here to schedule a free consultation

    MKG Tax Consultants provides startup crowdfunding advisory services to meet the SEC Eligibility Requirements for Form CF submissions to regulated funding portals for issuer offering or selling securities in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Section 4A and Regulation Crowdfunding (§ 227.100 et seq.)

    https://mkgtaxconsultants.com

    One of the biggest changes the SEC has implemented is the legality of “finders” receiving commissions or payments for brokering deals and introducing investors to issuers, syndicators, developers, etc. Before this change, only broker-dealers were allowed to receive compensation for such deals.

    With the new changes, these finders can now legally receive these commissions and other transaction-based compensation from issuers.

    The ability to legally monetize your connections is something many have been waiting for for quite a long time!

    Exempt private offerings have traditionally served an important role in providing capital for smaller and medium-sized companies, often along their path to the public markets.

    Overview of Amended Capital-Raising Exemptions

    Tax, Accounting, Audit, Assurance and Advisory Service

    1. . Advisory & EDGAR Filer Service Drafting SEC Form C, D “Test filing”
    2. Unaudited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP)
    3. Annual Report Disclosure Requirements
    4. Account reconciliation
    5. Financial data for the prior two fiscal years (including total
    6. Assets,
    7. Cash and cash equivalents,
    8. Accounts receivable,
    9. Short-term debt,
    10. Long -term debt,
    11. Revenues/sales,
    12. Cost of goods sold,
    13. Taxes paid and net income,
    14. Forecast reports
    
    

    Initial Consultation Fee $360 USD Pay Now

    Crowdfunding Advisory Services $3,000 USD Pay Now

    " Benefits" Save time and money by streamlining financials “Exempt Offering” registration, reducing overhead CPA audit cost to facilitate access to capital investments.

    Reg CF will increase from current limits 1.07M to 5M

    Regulation A Crowdfunding will increase from 50M to 75M

    
    

    Outsourced CFO Services includes the following:

    Outsourced CFO Service Fee Schedule

    • Bookkeeping
    • Accounts Receivable
    • Accounts Payable
    • Cash Management
    • Cash Flow Projections
    • Real-Time Financial Reporting
    • Unlimited Phone & Email Support
    • 30 day Free...]]>Crowdfunding Advisory Services “CAS”

      Click here to schedule a free consultation

      MKG Tax Consultants provides startup crowdfunding advisory services to meet the SEC Eligibility Requirements for Form CF submissions to regulated funding portals for issuer offering or selling securities in reliance on the exemption in Securities Act Section 4(a)(6) and in accordance with Section 4A and Regulation Crowdfunding (§ 227.100 et seq.)

      https://mkgtaxconsultants.com

      One of the biggest changes the SEC has implemented is the legality of “finders” receiving commissions or payments for brokering deals and introducing investors to issuers, syndicators, developers, etc. Before this change, only broker-dealers were allowed to receive compensation for such deals.

      With the new changes, these finders can now legally receive these commissions and other transaction-based compensation from issuers.

      The ability to legally monetize your connections is something many have been waiting for for quite a long time!

      Exempt private offerings have traditionally served an important role in providing capital for smaller and medium-sized companies, often along their path to the public markets.

      Overview of Amended Capital-Raising Exemptions

      Tax, Accounting, Audit, Assurance and Advisory Service

      1. . Advisory & EDGAR Filer Service Drafting SEC Form C, D “Test filing”
      2. Unaudited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP)
      3. Annual Report Disclosure Requirements
      4. Account reconciliation
      5. Financial data for the prior two fiscal years (including total
      6. Assets,
      7. Cash and cash equivalents,
      8. Accounts receivable,
      9. Short-term debt,
      10. Long -term debt,
      11. Revenues/sales,
      12. Cost of goods sold,
      13. Taxes paid and net income,
      14. Forecast reports
      
      

      Initial Consultation Fee $360 USD Pay Now

      Crowdfunding Advisory Services $3,000 USD Pay Now

      " Benefits" Save time and money by streamlining financials “Exempt Offering” registration, reducing overhead CPA audit cost to facilitate access to capital investments.

      Reg CF will increase from current limits 1.07M to 5M

      Regulation A Crowdfunding will increase from 50M to 75M

      
      

      Outsourced CFO Services includes the following:

      Outsourced CFO Service Fee Schedule

      • Bookkeeping
      • Accounts Receivable
      • Accounts Payable
      • Cash Management
      • Cash Flow Projections
      • Real-Time Financial Reporting
      • Unlimited Phone & Email Support
      • 30 day Free Accounting Software to meet your business needs QuickBooks, Xero, Cloud Accounting
      • Document Management
      • (CRM Integration. Reports And Dashboards)
      • Review Reports
      • Bill Pay
      • Invoicing
      • 24 Hour turn around
      • Regulation D Form Document Prep
      • Subscription Agreement Document Prep
      • Investor Questionnaire Document Prep
      
      

      
      

      Form an LLC for $0! Plus State filing fees

      Our Crowdfunding Advisory Service Startup plan is a great option for a startups, emerging growth companies raising capital the first time, tier 2 finders Assisting Small Businesses with Capital Raising or a “SMB’s” Small Midsized Business who just needs their bookkeeping managed for them. The Complete Package is for the mature business who is taking things to the next level and ready to file for a Form CF or Regulation D Offering 505,504,506, Pre-IPO or Reg A+ Offering.

      You don’t want to have to worry about this “accounting stuff” and you just want it done, so you can have the information you need at all times, to run your business properly. Here we will work with you to streamline systems, and develop your ecosystem with the right online apps and infrastructure. We are truly your back office partner. The CFO Plan adds our CFO service to our Complete Package service. In short, we’ll keep your books and run your cash flow projections for you. Then, we’ll meet with you remotely to review and plan. We lay out the yardsticks, so you can reach your milestones.

      “Test-the-water” Launch A Regulation D 506 (c) Campaign through our CAS Capital Formation Portal

      RISK FACTORS

      A crowdfunding investment involves risk. You should not invest any funds in listed companies offering unless you can afford to lose your entire investment.

      In making an investment decision, investors must rely on their own examination of the issuer and the

      terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.

      The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

      These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

      “Small Businesses Are the Backbone of Our Economy and the Cornerstones of Our Communities”

      Over $1.4 trillion dollars was raised through the Regulation D exemption in 2014 and over 40,000 Regulation D offerings have been executed since 2009. Regulation D provides the capability to raise capital in compliance with State and Federal regulations and provides the fundamentals necessary to accomplish soliciting and accepting investment from investors.

      MKG Enterprises Corp intends to flatten the recession curve by promoting Fresno Capital Markets by providing crowdfunding advisory consulting services to small business and assisting them with raising capital using Regulation D Crowdfund Software-as-a-Service issuer (EDGAR) Electronic Data Gathering, Analysis, and Retrieval system forms filing, and Investment Club Membership.

      The Metropolitan Fresno areas are home to over 1,010,409 residents, 99,004 businesses and 3,002 nonprofit organizations.

      We’re very excited to launch our mobile friendly stakeholder portal! Our crowdfunding advisory service has been designed with Small Businesses, Community Stakeholders, Accredited Investors in mind – focusing on giving you a better user experience.

      It allows you to easily stay up to date with everything we’ve got going on, communicate with investors online at the touch of a finger, and even receive notifications from investors from our investment club latest Regulation D 506 (c) to accredited and non-accredited investors.

      Introduction

      The following investment policies govern the objectives, strategies, implementation, and performance measurement of the Private Equity Program.

      We offer Tier 1 and Tier 2 finders, Investment Banks, Funding Portals, Accredited Investors, Capital Access Brokers, Brokers Dealers, Accredited Businesses and 35 Non-Accredited Investors introductory to private equity investment opportunities.

      •Participate in unique deals

      •Diversify portfolio

      •Invest directly in private companies

      •Above average returns

      •Uncorrelated to the stock market

      To learn more about our “CAS” contact us Toll-Free 866-675-3933

      ]]>0d8f10e3-4933-4b04-96fa-c315a2ff02e7Wed, 02 Dec 2020 22:07:00 -070019:37falsefullMKG Enterprises CorpSEC Proposes Conditional Exemption for Finders Assisting Small Businesses with Capital RaisingOne of the biggest changes the SEC has implemented is the legality of “finders” receiving commissions or payments for brokering deals and introducing investors to issuers, syndicators, developers, etc. Before this change, only broker-dealers were allowed to receive compensation for such deals.

      With the new changes, these finders can now legally receive these commissions and other transaction-based compensation from issuers.

      The ability to legally monetize your connections is something many have been waiting for for quite a long time!

      Exempt private offerings have traditionally served an important role in providing capital for smaller and medium-sized companies, often along their path to the public markets.

      Overview of Amended Capital-Raising Exemptions

      Fresno Capital Formation believes this change will allow Reg CF will increase from current limits 1.07M to 5M

      Regulation A Crowdfunding will increase from 50M to 75M

      Join the waitlist to Fresno Capital Formation Online Radio to become a Tier 1 & Tier 2 Fresno Capital Formation Expanding PIPE Deals

      Community Newsletter

      https://mkgenterprisescorp-client.com/sec-proposes-conditional-exemption-for-finders-assisting-small-businesses-with-capital-raising/

      ]]>One of the biggest changes the SEC has implemented is the legality of “finders” receiving commissions or payments for brokering deals and introducing investors to issuers, syndicators, developers, etc. Before this change, only broker-dealers were allowed to receive compensation for such deals.

      With the new changes, these finders can now legally receive these commissions and other transaction-based compensation from issuers.

      The ability to legally monetize your connections is something many have been waiting for for quite a long time!

      Exempt private offerings have traditionally served an important role in providing capital for smaller and medium-sized companies, often along their path to the public markets.

      Overview of Amended Capital-Raising Exemptions

      Fresno Capital Formation believes this change will allow Reg CF will increase from current limits 1.07M to 5M

      Regulation A Crowdfunding will increase from 50M to 75M

      Join the waitlist to Fresno Capital Formation Online Radio to become a Tier 1 & Tier 2 Fresno Capital Formation Expanding PIPE Deals

      Community Newsletter

      https://mkgenterprisescorp-client.com/sec-proposes-conditional-exemption-for-finders-assisting-small-businesses-with-capital-raising/

      ]]>1b5a3d9d-47cd-4e91-8ba8-54b1792cf8deTue, 24 Nov 2020 11:29:00 -070016:00falsefullMKG Enterprises CorpFresno Subsidized Black Poverty, Slave Mentality : The Search for Power and EconomicsFresno Subsidized Black Poverty, Slave Mentality : The Search for Power and Economics

      Jim Crow public policies that uses social, political and economic engineering to construct a superpower nation. We believe Fresno Black community is psychic logically condition to be in a slumber mind state to contained to be in a welfare position.

      How southwest Fresno remains social engineered into the lowest level of a real life Monopoly game, which they are neither playing or winning.

      ]]>Fresno Subsidized Black Poverty, Slave Mentality : The Search for Power and Economics

      Jim Crow public policies that uses social, political and economic engineering to construct a superpower nation. We believe Fresno Black community is psychic logically condition to be in a slumber mind state to contained to be in a welfare position.

      How southwest Fresno remains social engineered into the lowest level of a real life Monopoly game, which they are neither playing or winning.

      ]]>2451165a-831d-429d-9ab0-bae63d9da6adSat, 14 Nov 2020 23:43:00 -070001:42:40falsefullMKG Enterprises Corp1994 Crime Bill & the Impact on the Fresno Black CommunityThe Violent Crime Control and Law Enforcement Act of 1994 received bipartisan support at the time but has been criticized for some of its provisions, such as mandatory minimum sentencing, and its impact on mass incarceration. (When we looked at claims in 2016 from both sides on the law’s role in mass incarceration, we found the trend of increasing imprisonment began well before 1994, but experts told us the 1994 law exacerbated the issue.)

      The legislation was aimed at addressing rising crime in the country and contained a host of policing and crime prevention provisions — including “three-strikes” mandatory life sentences for repeat violent offenders, funding for community policing and prisons, an assault weapons ban and the Violence Against Women Act. It authorized $30.2 billion, according to a Congressional Research Service report on federal crime measures. It increased federal crimes subject to the death penalty and enabled juveniles to be tried as adults for violent and firearm-involved federal crimes.

      Federal Crime Bill report

      https://lao.ca.gov/1994/reports/federal_crime_bill_271_0994.pdf

      ]]>The Violent Crime Control and Law Enforcement Act of 1994 received bipartisan support at the time but has been criticized for some of its provisions, such as mandatory minimum sentencing, and its impact on mass incarceration. (When we looked at claims in 2016 from both sides on the law’s role in mass incarceration, we found the trend of increasing imprisonment began well before 1994, but experts told us the 1994 law exacerbated the issue.)

      The legislation was aimed at addressing rising crime in the country and contained a host of policing and crime prevention provisions — including “three-strikes” mandatory life sentences for repeat violent offenders, funding for community policing and prisons, an assault weapons ban and the Violence Against Women Act. It authorized $30.2 billion, according to a Congressional Research Service report on federal crime measures. It increased federal crimes subject to the death penalty and enabled juveniles to be tried as adults for violent and firearm-involved federal crimes.

      Federal Crime Bill report

      https://lao.ca.gov/1994/reports/federal_crime_bill_271_0994.pdf

      ]]>8f42bba9-f700-47ce-8c91-8dc55ed41cc1Wed, 11 Nov 2020 23:44:00 -070001:49:05falsefullMKG Enterprises CorpHarris makes history as first female, Black, South Asian American VP-electPresident Joe Biden Elect and his running mate, Sen. Kamala Harris, also solidified her place in history Saturday by becoming the first woman, the first Black American and the first South Asian American elected vice president in U.S. history.

      Harris’ political career has included many barrier-breaking moments, such as serving as California's first Black female attorney general and being the second Black woman in history to be elected to the U.S. Senate.

      Harris, 56, the only Black woman currently in the Senate, was elected in 2016 after serving as California’s attorney general and, before that, as the San Francisco district attorney. The child of Jamaican and Indian immigrants, the native of Oakland, California, has said she was inspired to attend law school after attending civil rights protests with her parents.

      ]]>President Joe Biden Elect and his running mate, Sen. Kamala Harris, also solidified her place in history Saturday by becoming the first woman, the first Black American and the first South Asian American elected vice president in U.S. history.

      Harris’ political career has included many barrier-breaking moments, such as serving as California's first Black female attorney general and being the second Black woman in history to be elected to the U.S. Senate.

      Harris, 56, the only Black woman currently in the Senate, was elected in 2016 after serving as California’s attorney general and, before that, as the San Francisco district attorney. The child of Jamaican and Indian immigrants, the native of Oakland, California, has said she was inspired to attend law school after attending civil rights protests with her parents.

      ]]>8f2e25ef-845f-4faf-840c-42d003cb2fd8Sat, 07 Nov 2020 19:53:00 -070013:43falsefullMKG Enterprises CorpFresno Vision Fund Fresno Capital Formation Online RadioFeaturing Reverend Floyd Harris Jr. and Marshawn Govan discuss creating a Fresno Vision Fund on empowering the Fresno Black Community to move the black community forward and out of economic poverty condition to a position of economic power. 

      MKG Enterprises Corp is a diversified consumer & commercial finance company that assists startup companies by providing outsourced CFO accounting, accounting software, capital formation, exempt security offerings under Rule 506 (c) of Regulation D promoting our Software-as-a-Service Equity financing platform. Our Corporate Social Responsibility is committed to our community and core business model crowdfunding and (ESG) environmental, social, and governance practices. 

      Invest in Black Founder Companies You Believe In

      https://mkgenterprisescorp-client.com/projects/

       

      Today, some of the world’s most respected and successful figures are in the tech industry. They include the entrepreneurs who have developed innovative products and launched industry-changing companies and the venture capitalists who provide money and assistance to help these companies thrive.

      But while the technology sector continues to flourish, and its luminaries are seen as role models, the industry as a whole is suffering from a lack of diversity that has undermined its ability to fully realize its transformative potential.

      African-Americans Are Under-Represented In The Good Ol’ Boys Club

      ]]>Featuring Reverend Floyd Harris Jr. and Marshawn Govan discuss creating a Fresno Vision Fund on empowering the Fresno Black Community to move the black community forward and out of economic poverty condition to a position of economic power. 

      MKG Enterprises Corp is a diversified consumer & commercial finance company that assists startup companies by providing outsourced CFO accounting, accounting software, capital formation, exempt security offerings under Rule 506 (c) of Regulation D promoting our Software-as-a-Service Equity financing platform. Our Corporate Social Responsibility is committed to our community and core business model crowdfunding and (ESG) environmental, social, and governance practices. 

      Invest in Black Founder Companies You Believe In

      https://mkgenterprisescorp-client.com/projects/

       

      Today, some of the world’s most respected and successful figures are in the tech industry. They include the entrepreneurs who have developed innovative products and launched industry-changing companies and the venture capitalists who provide money and assistance to help these companies thrive.

      But while the technology sector continues to flourish, and its luminaries are seen as role models, the industry as a whole is suffering from a lack of diversity that has undermined its ability to fully realize its transformative potential.

      African-Americans Are Under-Represented In The Good Ol’ Boys Club

      ]]>ad45f225-29ab-42c8-bdee-87e633f26455Thu, 29 Oct 2020 01:30:00 -070040:03falsefullMKG Enterprises CorpTaxes and Finances - Fresno Capital Formation Online RadioFresno Capital Formation Online Radio

      Featuring Marshawn Govan & Doug Bess-Bess Tax Services Fresno CA

      In order to help you meet your financial goals we have a variety of services that our tax and finance show offer. All services we offer are provided by someone who is licensed and specially trained in that area of expertise. Often times there are more than one expert that looks at your overall portfolio so that everyone can work together to get you the best plan possible. We also have a great relationship with many other firms. If you need something we don’t offer, let us know! We can get you in contact with someone that can better assist you and your needs.

      Once your goals, needs, and objective are established we will create a strategy to meet our plan using the following products and services:

      • Tax reduction and planning
      • Year round (CRTP) Certified Registered Tax Preparer and income tax preparation
      • Retirement plans
      • Life insurance
      • Long term care
      • 401k and IRA rollovers and consolidations
      • Estate planning
      • 
        
      
      

      MKG Tax Consultants

      Toll-Free 866-675-3933

      Website: https://mkgtaxconsultants.com

      ]]>Fresno Capital Formation Online Radio

      Featuring Marshawn Govan & Doug Bess-Bess Tax Services Fresno CA

      In order to help you meet your financial goals we have a variety of services that our tax and finance show offer. All services we offer are provided by someone who is licensed and specially trained in that area of expertise. Often times there are more than one expert that looks at your overall portfolio so that everyone can work together to get you the best plan possible. We also have a great relationship with many other firms. If you need something we don’t offer, let us know! We can get you in contact with someone that can better assist you and your needs.

      Once your goals, needs, and objective are established we will create a strategy to meet our plan using the following products and services:

      • Tax reduction and planning
      • Year round (CRTP) Certified Registered Tax Preparer and income tax preparation
      • Retirement plans
      • Life insurance
      • Long term care
      • 401k and IRA rollovers and consolidations
      • Estate planning
      • 
        
      
      

      MKG Tax Consultants

      Toll-Free 866-675-3933

      Website: https://mkgtaxconsultants.com

      ]]>17864493-0645-4b3e-befb-9941452d9f44Wed, 28 Oct 2020 09:00:00 -070045:20falsefull88MKG Enterprises Corp