Still Haven't Received Your Tax Refund? Look Forward To A 5% Interest Rate.
Taxpayers are fidgety, consistently tracking their tax refund status through the IRS’ Where’s My Refund tool for their awaited tax...
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- May 26, 2022
Gross & Net Income Simply Explained
Anyone who's a new taxpayer will eventually hear the terms gross and net income but have no idea how to tell the difference from each...
- May 25, 2022
What Is Backup Withholding? Can I Avoid It?
Unless you’re a tax professional, mistakes are bound to happen when preparing documents and filing returns, such as inputting inaccurate...
- May 24, 2022
What Are The Chances of Getting a Mortgage If I Owe Back Taxes to the IRS?
Owing back taxes to the IRS can complicate your life in several ways. If you’re looking to buy a house while you have a federal tax debt,...
- May 23, 2022
Summer Is Approaching! Tax Planning Is Year-Round.
Most individuals are already switching to a summer mindset of delicious piña coladas and summer vacations automatically push taxes to the...
- May 20, 2022
Avoid Payroll Tax Penalties By Doing This!
Many business owners are unaware that the IRS places a higher priority on collecting payroll taxes than on collecting unpaid income...
- May 19, 2022
What Are Self-Employment Taxes?
There are no avoiding taxes and if you want to avoid a tax audit, it’s important to file your self-employed taxes right the first time....
- May 18, 2022
Got A Tax Bill From Unemployment Benefits?
Unemployment is taxed for recipients at the federal level. How much you pay will depend on your unique tax bracket and how much taxable...
- May 17, 2022
3 Tips That Can Maximize Your Tax Refund That You May Not Know
No taxpayer wants more tax liability. As a matter of fact, taxpayers would much rather receive a tax return that could stuff their...
- May 16, 2022
I Just Moved To A Different State. Do I Pay Double State Taxes?
If you moved last year from one state to another, you probably had even more work to do because you had to register to vote and get a new...
- May 13, 2022
How Much Do Stock Taxes Add To My Bill?
When you buy or sell stocks, you must pay capital gains taxes. The amount you'll owe is determined by the number of your earnings and how...
- May 12, 2022
10 Medical Expenses You Can Deduct
If your eligible medical expenses exceed 7.5% of your AGI, you are allowed to deduct medical expenses. If you or your dependents have...
- May 11, 2022
No Sign Of Your Tax Refund?
Did you make any mistakes when you were filing your taxes this year? You may owe the IRS money, or have unfiled years or back taxes. Any...
- May 10, 2022
Need To Pay The IRS? Here Are Some Options To Send Your Payments
When you've completed your tax return and discover that you owe money, it's never good news. You do, however, have a few options for...
- May 10, 2022
Tips On How To Prevent & Remove Tax Liens
A tax lien is a claim against your assets and property. A tax levy is the result of an unpaid tax lien. You will receive an official...
- May 9, 2022
Can I Claim My Parent As A Dependent?
When a person begins to care for their parents, the IRS permits them to claim their parents as dependents on their tax return. Find out...
- May 6, 2022
How Do Want Your LLC Taxed On Your Tax Return?
Taxes are the most important factor to consider when forming and choosing a corporate entity. Your business entity structure has a direct...
- May 5, 2022
What Would Inflation Do To Your 2022 Taxes?
The IRS updates key tax regulations every year to keep up with inflation. The IRS also modified and updated the Earned Income Tax Credit,...
- May 4, 2022
What Is A Luxury Tax?
A luxury tax is often seen as a progressive tax because it targets a certain demographic of wealthy taxpayers and only applies to...
- May 3, 2022
Should Every State Adopt The Flat Tax System?
Iowa, Mississippi, and Georgia passed legislation to make the switch this year to flat income taxes. Arizona cleared the way with a...
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