Fresno Democratized Venture Capital Podcast: Recent Episodes

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When you borrow money to buy a home, you’ll see many numbers thrown around. Most buyers focus on the purchase price of the home. It’s an indicator of whether or not you can afford the price. But since you probably won’t pay cash only, you must consider the loan amount.  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 PriceThe 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 (https://www.blink.mortgage/app/signup/p/mkgenterprisescorp)  

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GSFA Platinum borrowers with certain occupations are eligible to apply for a DPA Gift instead of a Second Mortgage. The DPA Gift never has to be repaid. 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 HighlightsFinancial 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 HighlightsFinancial 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 https://justcall.io/call-now/b2957848 (Appointments, Call, Message ) Direct (559) 354-3100 Schedule a down payment assistance consultation: https://calendly.com/marshawngovan?fbclid=IwAR1l5_ovlGwveWgAHRevTvzVON27DDJK8zW7TAada6xRQr_vMAXGs7tCxk8 (https://calendly.com/marshawngovan) Get Prequalified https://www.mkgenterprisescorp.com/home-purchase/ (https://www.mkgenterprisescorp.com/home-purchase/)

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Get Prequalified for a Home Loan 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://bit.ly/3O0XoyV (https://bit.ly/3O0XoyV)

CalHFA - Am I Eligible? https://www.calhfa.ca.gov/apps/AmIEligible/ (https://www.calhfa.ca.gov/apps/AmIEligible/)

CalHFA FICO requirements 660 https://www.calhfa.ca.gov/homebuyer/programs/index.htm (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/amilookuptool/ (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.

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E – Employee 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?fbclid=IwAR05ANvKq_svr4EOH_sSYtDSWz_R2xlgq04XCGNAKy3-LY1YI_UsNmWVAME (https://fresno-capital-formation.captivate.fm/booking)

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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: https://mkgtaxconsultants.com/ (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

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Loans for unique situations If a traditional home loan doesn’t fit your style, Rocket Mortgage® has other options that may suit your needs.

Home Possible And HomeReady • Minimum down payment of 3% • Down payment can be a gift • Minimum FICO® Score of 620 • Loan amounts up to $484,350

https://keap.app/contact-us/7554800076011265 (Complete owning a home contact form below:) https://keap.app/contact-us/7554800076011265 (https://keap.app/contact-us/7554800076011265) 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 Largest Home Lenders In America

Contact Loan Officer Phone (559) 337-5990

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MKG Tax Consultants is pleased to offer diversity and connect humans with VRS to bridge the language barrier gap of the deaf and hard of hearing community to get their taxes prepared or buy auto, home, and life insurance. 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 (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 (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 (https://mkgtaxconsultants.com/video-remote-interpreting-sign-language-service)

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Co-founder of a top real estate team in Fresno called Strive Real Estate Group at Real Broker. Helped 144 families in 2021. Receives cash flow from 17 doors with 3 being an Airbnb. 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 (https://www.linkedin.com/in/strive-real-estate-group-6602b6180) Website: http://strivehomefinder.com (http://strivehomefinder.com)

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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

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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 depositTo 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 Individualhttps://mkgtaxconsultants.com/product/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 PaymentsThe 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 https://www.irs.gov/credits-deductions/child-tax-credit-update-portal (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 https://www.irs.gov/newsroom/recovery-rebate-credit (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 https://www.irs.gov/payments/your-online-account (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 https://www.irs.gov/refunds/get-your-refund-faster-tell-irs-to-direct-deposit-your-refund-to-one-two-or-three-accounts (direct deposit). Tips to make filing easierTo 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 https://www.irs.gov/individuals/understanding-your-cp01a-notice (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...

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Justice Department Warns Taxpayers to Avoid Fraudulent Tax PreparersTax Division continues enforcement efforts to stop dishonest return preparersWith less than one month left in https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline (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’ https://www.irs.gov/newsroom/irs-unveils-dirty-dozen-list-of-tax-scams-for-2020-americans-urged-to-be-vigilant-to-these-threats-during-the-pandemic-and-its-aftermath (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...

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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.

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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/ (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 (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...

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There are many valuable tax deductions for freelancers, contractors and other self-employed people who work for themselves. Here are 15 big self-employment tax deductions to remember. Schedule C Tax return filing for Sole Proprietor https://mkgtaxconsultants.com/shop/ (https://mkgtaxconsultants.com/shop/) 1. The home office deductionIf you work from your home or use part of it in your business, then self-employment tax deductions like this one could get you a break on the cost of keeping the lights on. What you can deduct: A portion of your mortgage or rent; property taxes; the cost of utilities, repairs and maintenance; and similar expenses. Generally, this deduction is only available to the self-employed; employees typically cannot take the home office deduction. How it works: Calculate the percentage of your home's square footage that you use, in the IRS’s words, “exclusively and regularly” for business-related activities. That percentage of your mortgage or rent, for example, becomes deductible. So if your home office takes up 10% of your house's square footage, 10% of those housing expenses for the year may be deductible.https://www.irs.gov/forms-pubs/about-publication-587 ( IRS Publication 587) outlines a lot of scenarios, but note that only expenses directly related to the part of your home you use for business — say, fixing a busted window in your home office — are usually fully deductible. What else you can do: Choose the simplified option, which lets you deduct $5 per square foot of home used for business, up to 300 square feet — that’s about a 17-by-17-foot space. You won’t have to keep as many records, but you might end up with a lower deduction, so consider calculating it both ways before filing.

1. Health insurance (maybe)If you bought medical insurance policies on your own for yourself or your family, you might qualify for a self-employment tax deduction on the premiums.

What you can deduct: Medical and dental insurance premiums for you, your spouse, your dependents and your children who are younger than 27 at the end of the tax year. Long-term care insurance premiums also count, though there are specific rules.https://www.irs.gov/forms-pubs/about-publication-535 ( IRS Publication 535) has the details.

How it works: It’s an adjustment to income rather than an itemized deduction, which means you don’t necessarily have to itemize to claim it. But you might be let down, because if you’re eligible to enroll in your spouse’s employer’s plan — even if you choose not to, maybe because it’s more expensive than your own — you can’t take the deduction.

What else you can do: Find out if you can deduct the premiums as a medical expense. This typically works only if you pay your premiums out of your own pocket, and your deduction is limited to expenses that exceed 7.5% of yourhttps://www.nerdwallet.com/blog/taxes/adjusted-gross-income-agi/ ( adjusted gross income). So if your A G I is $100,000, your first $7,500 of medical expenses isn't deductible.

1. Continuing educationYou have to stay smart to run a growing business, and there are self-employment tax deductions for that. What you can deduct: The costs of “qualifying work-related education,” including things such as tuition, books, supplies, lab fees, transportation to and from classes and related expenses. How it works: The expenses are deductible only if the education “maintains or improves skills needed in your present work.” In other words, if you’re taking classes to change careers or you're working toward the minimum educational requirements for a trade or business, this probably won’t work for you. But you can qualify even if the education leads to a degree. Reviewhttps://www.irs.gov/forms-pubs/about-publication-970 ( IRS Publication 970) for the requirements. What else you can do: Look at the American opportunity tax credit or the lifetime learning credit.

2. Your carDriving to meet...

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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/ (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 (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,...

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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 LoanLenders 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 https://myhome.freddiemac.com/blog/homeownership/20190823_self_employed_mortgage_application_tips.page (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

CapitalLenders 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

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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. https://mkgtaxconsultants.com/honoring-black-history-month/ (Honoring Black History Month ) https://mkgtaxconsultants.com/honoring-black-history-month/ (https://mkgtaxconsultants.com/honoring-black-history-month/)

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(SECURD) Setting Every Community up for Refund Deposit $50 CASHBACK REWARD for downloading our Banking-As-A-Service Tax-Filing App 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://l.facebook.com/l.php?u=https%3A%2F%2Fmkgtaxconsultants.com%2F%3Ffbclid%3DIwAR1eC4LCGoqhv4o0WGn_c1ViMd_fozyux50CdV1s-mrMVfaQ9UWOuG505Vc&h=AT20MrWU2M12BKDbBQ6I9rFD2A7Y0EDAHoh3W0irS7SufnsPdzJkznru3Ak2pO0GOwodPhpmzZxGH4TdR1B6iCdVvnFzAvU0KYJZRNCLovxSspKR6ziiXL6rPJKHjAjbMw&__tn__=-UK-R&c[0]=AT0id0B3s4jD1UW0ZLr37qZikar-Eiqvs4GzsjXxMduaNNghc5Z2mqAfqydqVfjEfFLPR5qvxfM9Xj_eydqcLkhi83ODeJ2KaDXUUmItblmiWvlmhvorZC6efKFOoUbjJbaFTzNPkhyDz3wQP0ekleqizPI (https://mkgtaxconsultants.com)   MKG Tax Consultants  4021 N Fresno Street Suite 107 Fresno, CA 93726 Call us today 1-866-675-3933

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

Additional Information: https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-topic-a-general-information#whendisbursingbegins#whendisbursingbegins (IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic A General Information) https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-topic-b-eligibility-for-advance-child-tax-credit-payments-and-the-2021-child-tax-credit (IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic B - Eligibility) https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-topic-c-calculation-of-the-2021-child-tax-credit (Calculation of the 2021 Child Tax Credit) https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-topic-d-calculation-of-advance-child-tax-credit-payments (IRS: 2021 Child Tax Credit and Advance Child Tax Credit Payments - Topic D - Calculation of Advance Child Tax Credit Payments)

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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 https://www.irs.gov/credits-deductions/individuals/child-and-dependent-care-credit-information (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, https://www.efile.com/tax-credit/dependent-care-tax-credit/#:~:text=Child%20and%20Dependent%20Care%20Credit%20Value,qualify%20for%20the%20full%2035%25. (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/ (https://mkgtaxconsultants.com/2022-tax-changes/)

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5 Reason Black people don't have money and wealth 1. Black culture 2. Generational poverty 3. Appearance of being white- success attributes 4. Black men care more about sex then success 5. Black women will choose a man that has sexiness, game and swag over a solid well paid lame. 5.1 Black culture don't celebrate the attributes of success Attitudes and habits Black people don't like to take opportunity. if its not sexy, hot, swag, flashy, black people must be entertained to be educated. Waiting on someone else to create the change sitting on their hands. Conclusions: Black people must adopt progressive habits and tactics to building wealth. Restoring the American Credit System by Democratizing It https://vimeo.com/664062370 (https://vimeo.com/664062370)

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The Internal Revenue Service (IRS) has announced that taxpayers can begin filing their 2021 tax returns on Monday, January 24, 2022The 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 TAKEAWAYSTaxpayers 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, https://www.irs.gov/individuals/adoption-taxpayer-identification-number (Adoption Taxpayer Identification Number), and this year's https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin (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 https://mkgtaxconsultants.com/ (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 RefundEven 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/ (https://mkgtaxconsultants.com)

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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 https://www.irs.gov/credits-deductions/child-tax-credit-update-portal (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/ (https://mkgtaxconsultants.com/child-tax-credit-letter-6419-2021/)

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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 https://www.irs.gov/forms-pubs/about-form-1099-k (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. MKG Tax Consultants https://mkgtaxconsultants.com/venmo-cash-app-and-other-payment-apps-to-report-payments-of-600-or-more/ (https://mkgtaxconsultants.com/venmo-cash-app-and-other-payment-apps-to-report-payments-of-600-or-more/)

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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 https://www.facebook.com/mtcredit (M&T Credit Services | Facebook) Website:https://www.mtcreditservices.com/ ( https://www.mtcreditservices.com)

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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 https://www.facebook.com/mtcredit (M&T Credit Services | Facebook) Website:https://www.mtcreditservices.com/ ( https://www.mtcreditservices.com)

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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 pandemicThe 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/ (https://mkgfinancialgroup.com/capital-formation/)

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

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https://mkgenterprisescorp-client.com/operation-choke-point (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: "http://judiciary.house.gov/_cache/files/4457c7a2-d311-4f28-916b-94204374177b/weinstock-testimony.pdf (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 (https://wefunder.com/mkgenterprisescorps)

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The Income Gap: Richest Americans Vs. Other AmericansAnother 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 https://home.treasury.gov/news/featured-stories/the-case-for-a-robust-attack-on-the-tax-gap ($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. https://finance.metropolisdao.org/ ( ) https://finance.metropolisdao.org/ (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...

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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/ (https://mkgtaxconsultants.com/tax-refund-advances/)

Background Check Authorization and Disclosures https://mkgtaxconsultants.com/background-check-authorization-and-disclosure/ (https://mkgtaxconsultants.com/background-check-authorization-and-disclosure/)

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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 (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 https://www.investopedia.com/decentralized-finance-defi-5113835 (decentralized finance) to non-fungible tokens. Many digital currency enthusiasts believe that these investments could produce a new batch of digital currency millionaires (https://www.investopedia.com/news/forbes-releases-first-ever-cryptocurrency-billionaire-rankings/ (or billionaires)). Buy Crypto with Credit Debit Card  https://mkgtaxconsultants.com/buy-crypto/ (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/ (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/ (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 (https://info.honeyswap.org/#/pair/0xe39da1dc4b25e635ffb6f68d38d53b8e759a3fb0)

CoinRT-USDC Pair https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252 (https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252)

Aave. https://aave.com/ (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...

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Where does wealth come from? Since Black America’s primary problem is the lack of wealth, then a primary part of a solution must be for Blacks to gain wealth. African American community must learn alternative ways wealth is created and how to capitalize on human needs and desires to gain wealth. There are two basic methods to achieve wealth: First it can be created or acquired through redistribution. DECENTRALIZED FINANCE http://finance.metropolisdao.org/ (http://finance.metropolisdao.org/)

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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/ (https://wefunder.com/mkgenterprisescorps/)

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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. https://coinrt.co/ico_listing/coin-trust/ (Buy Coin Trust ) https://coinrt.co/ico_listing/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 https://academy.binance.com/en/glossary/decentralized-application (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 https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp?hl=en (Binance Chain Wallet extension)  Chrome Store Trust Wallet, Metamask Wallet and Coinbase Wallet Learn more about Trust Coin  https://mkgenterprisesbusinesstrust.us/coin/trust/ (https://mkgenterprisesbusinesstrust.us/coin/trust/)

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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 (https://coinrt.co)

https://widget.onramper.com/?color=266678&apiKey=pk_prod_Ro82OIZGb181wRNpFDlONubMe9LBQFibJPl0JNQMnTc0 (Buy Crypto with Credit Card, Apple pay, Google Pay)

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Token MKG Enterprises Corp CoinMKG" is considered one of the most innovative ERC-20 xDai and Ethereum token in the finance industry. https://mydirection.com/authentication/sign-up?sponsor=ND100140 (Open a Self Directed Crypto IRA )

https://mkg-enterprises-corp.square.site/product/coinmkg/7?cs=true&cst=custom (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/ (https://coinrt.co/ico_listing/defi-solutions/)

Etherscan https://etherscan.io/token/0xa7a293966e2463b7af7f5c6f3b660423e3a9c16b (https://etherscan.io/token/0xa7a293966e2463b7af7f5c6f3b660423e3a9c16b)

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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. Metropolis Decentralized Exchange offers many opportunities such as airdrops, staking, affiliate marketing, Lending, Yield Farming and Stable Coins which you can take advantage of to make extra money on the side. 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/ (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/ (https://coinrt.co/)

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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 (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/ (https://mkgtaxconsultants.com/coin/refund-transfer-fiat-to-crypto/) CoinRT paired with USDC on HoneySwap https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252 (https://info.honeyswap.org/#/pair/0x8dc780f2cf39052878804aa23a0c8b11a9647252)

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

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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 https://flipbookpdf.net/web/site/092c81b97ab9631a7541575d414339556441dd81202104.pdf.html (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 InvestorIf you’re an http://www.sec.gov/info/smallbus/secg/general-solicitation-small-entity-compliance-guide.htm (individual accredited investor) considering an investment in a Reg D 506 (c) private placement and need to be verified, http://www.earlyiq.com/direct/cert/getstarted (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 (https://mkgenterprisescorp-client.com/ico/coin-mkg-enterprises)

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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 (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.

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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.

https://www.youtube.com/hashtag/peace (Peace)​, https://www.youtube.com/hashtag/power (Power)​, https://www.youtube.com/hashtag/respect (Respect)​, https://www.youtube.com/hashtag/dignity (Dignity)​, https://www.youtube.com/hashtag/love (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.

https://mydirection.com/authentication/sign-up?sponsor=ND100139 (Become your own investment bank using your IRA or 401k savings)

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

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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/ (https://mkgtaxconsultants.com/)

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Crowdfunding Advisory Services “CAS” https://outlook.office365.com/owa/calendar/MKGEnterprisesCorp@NETORG446830.onmicrosoft.com/bookings/ (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 (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. https://docs.google.com/spreadsheets/d/1fOOpLFvBbX9ppaBgIAddhhx1tH9PXOKllVM0AyojRHw/edit?usp=drivesdk (Overview of Amended Capital-Raising Exemptions) Tax, Accounting, Audit, Assurance and Advisory Service . Advisory & EDGAR Filer Service Drafting SEC Form C, D “Test filing” Unaudited consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) Annual Report Disclosure Requirements Account reconciliation Financial data for the prior two fiscal years (including total Assets, Cash and cash equivalents, Accounts receivable, Short-term debt, Long -term debt, Revenues/sales, Cost of goods sold, Taxes paid and net income, Forecast reports

Initial Consultation Fee $360 USD https://apps.veem.com/CustomerApp/Pay/mkgenterprisescorp (Pay Now) Crowdfunding Advisory Services $3,000 USD https://apps.veem.com/CustomerApp/Pay/mkgenterprisescorp (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: https://mkgtaxconsultants.com/outsourced-cfo-services/outsourced-cfo-service-fee-schedule/ (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

https://shareasale.com/r.cfm?b=745570&u=1962749&m=53954&urllink=&afftrack= (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...

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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. https://docs.google.com/spreadsheets/d/1fOOpLFvBbX9ppaBgIAddhhx1tH9PXOKllVM0AyojRHw/edit?usp=drivesdk (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 https://mkgenterprisescorp-client.com/dashboard/?action=register (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/ (https://mkgenterprisescorp-client.com/sec-proposes-conditional-exemption-for-finders-assisting-small-businesses-with-capital-raising/)

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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.

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The https://www.congress.gov/bill/103rd-congress/house-bill/3355 (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, https://www.factcheck.org/2016/04/bill-clinton-and-the-1994-crime-bill/ (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 http://www.au.af.mil/au/awc/awcgate/crs/ib10095.pdf (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 (https://lao.ca.gov/1994/reports/federal_crime_bill_271_0994.pdf)

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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.

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Fresno Black Investment Banking Capital Formation Black buying powers by the numbers And with nearly 50 million Black people in the United States, Black consumers spend more than $1 trillion a year If blacks in Fresno can invest in black business it will allow Fresno Black Investment Group to be the leading Central Valley private investment company under Investment Company Act of 1940 The Investment Company Act of 1940 is an act of Congress which regulates investment funds. It was passed as a United States Public Law on August 22, 1940, and is codified at 15 U.S.C. §§ 80a-1–80a-64. Circulating the black dollar in the community 30 times will boost the black household median income and black businesses. Enables capacity building and passive income to circulate in the black community investing in companies you believe in

Increase black net-worth

In the 1970s, giving employees stock options became a competitive advantage for Intel

In 2012, the first 3,000 Facebook employees shared $23B of wealth

Open a Checkbook IRA https://mkgfinancialgroup.com/self-directed-ira/ (https://mkgfinancialgroup.com/self-directed-ira)

MKG Financial Group Equity Fund Advisors LLC is registered with thehttps://sec.report/CIK/0001737754 ( U.S. Security and Exchange Commission) and incorporated in the state of Colorado.

About Fresno BIG Hedge Fund ●Our partners NDTCO specializes in providing accounts for all of your alternative IRA investments.

●You, the IRA holder, make the investment decisions: select the assets, negotiate the terms, and direct your IRA funds to close the deal.

●New Direction Trust Company IRA makes sure the paperwork substantiates that the asset is within your IRA, and therefore deserves the tax benefits associated with the account type.

●By law we must provide all investors with an IRA Investing Guide, Subscription Agreement and Prospectus

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Fresno Private Investment in Private Equity Deals Access to capital markets

Despite the economic downturn and the coronavirus pandemic many black business leaders are not familiar with access to capital markets due to the complexity and lack of community support for crowdfunding technology and City of Fresno lacking Black Capital Access Brokers (BCAB) and Black Broker Dealers (BBD).

Featured discussion: Contract With Black America

https://contractwithblackamerica.us/wp-content/uploads/CWBA.pdf

This Contract With Black America was designed to start the hard conversations. It was made to be perfected and debated. So please add comments and suggestions so we can create a better contract with America that will help create a better and more perfect Union.

https://contractwithblackamerica.us/

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Fresno Metropolitan area is economically disadvantage because they lack a CAB Capital Access Broker’s as they are referred to as investment banks to provides investment banking and advisory services with a focus on mergers and acquisitions, restructuring and private capital placements. 

Many small business rely on local chambers of commerce who don’t have enough resources to provide strategic investment banking services to there small business communities to access capital markets.

Aaccording to FINRA Capital Acquisition Brokers (CAB’s) are firms that engage in a limited range of activities, including:  advising companies and private equity funds on capital raising and corporate restructuring, andacting as placement agents for sales of unregistered securities to institutional investors under limited conditions.  

However many Fresno small business and emerging growth companies do not have access to capital markets nor do they have any Black Broker Dealers to turn to and rely on Grant’s and micro loans for survival during this pandemic.

Capital formation through private placement of securities has increased substantially since the onset of the financial crisis.  

Amounts raised through unregistered securities offerings have outpaced the level of capital formation through registered securities offerings during recent years, and totaled more than $2 trillion during 2014.

Fresno Private Investment in Private Equity Deals

https://mkgenterprisescorp-client.com

BIG

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

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Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over.

Guest Call In (516) 453-9107

Learn more about Safe Harbor 401(k) plans: https://mkginsuranceagency.com/business-owner-retirement-plans

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You carry insurance coverage to protect your business from the loss of property and equipment, but what about your most valuable asset—your key employees? A key employee may be the owner, a partner, a top executive or an important member of your organization with unique talents, experience or skills that are crucial to the prosperity of your business. Key person life insurance protects your business from the financial impact of the loss of an essential employee.

Guest Call In (516) 453-9107

As a business owner, you understand that one of your most valuable assets is the creative talent of your key employees. Your competitors also understand this and compete for the very same talent. You need a protection strategy that will give your key team members a strong incentive to remain employed at your organization. One way of managing this challenge is to offer an attractive compensation package. But salary alone may not be enough. An executive bonus plan (also known as a Section 162 bonus plan) may provide a simple solution. These plans are designed to help you attract and retain key employees. 

Learn more about 162 Executive Plans: https://mkginsuranceagency.com/162-executive-bonus-plans/

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September is Life Insurance Awareness Month

The time for you to get life insurance is now. Its an easy step you can take today from your home. Do it for you and do it for your loved ones. 

Do you need to protect your family? Would you like to create a tax free retirement? Life insurance allows you to accomplish both these objectives very efficiently and affordably.

Why Life Insurance In the event of a tragedy, life insurance proceeds can help cover everyday expenses, like the mortgage and household bills. The cash received from a policy (the death benefit) can help protect your family from being burdened with debt. In addition to helping meet your family’s immediate financial needs, life insurance can also be used to help keep a business thriving, help finance future needs like your children’s education or supplement your retirement funds.

You may know the distinct pride you get in purchasing your own home or car. Ownership can give a certain comfort, a certain satisfaction that your financial stability is solid, secure, and even permanent.

Website:

https://mkginsuranceagency.com/life-insurance/

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Blog Talk Radio Show 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. 

Our strive for continued growth and prosperity is to increase IRR utilizing Self Directed IRA, Diversify Assets, Decrease Investment Risk and increase liquidity.

We believe that non-traditional strategies are an important part of a sophisticated investor’s portfolio. Utilized properly, alternative investments can provide diversification and may help decrease overall investment risk. 

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