Tax preparers prepare more than 85 million tax returns, as observed by the Internal Revenue Service (IRS). However, those who boldly go DIY on their taxes should remember to keep a...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/10/2022
Nobody likes paying spousal support. At least when you pay child support, you know it is for your kids, not your ex. Long-term alimony (or maintenance, spousal support, or whatever...
Posted by Pat Raskob on 10/26/2022
On March 13, 2020, the President declared a national emergency due to the novel coronavirus (COVID-19) pandemic. As a result, the COVID-19 pandemic has been designated a federal disaster...
Posted by Taxes Made EZ Inc on 09/30/2022
Marriage is a lifetime commitment in most regions. The responsibility affects your lifestyle, finance, and career. Having a joint savings or investment account can strengthen marriage...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/31/2022
A tax credit allows you to deduct a certain amount of money from the taxes you owe. It differs from a tax deduction, which allows you to reduce your taxable income. Tax credits are...
Posted by Rosovich & Associates, Inc. on 06/24/2021
Uncle Sam issued tens of millions of tax refunds every year, and every taxpayer gets an average of $2,500 tax payment. If you know how to play it well, there could be bigger tax...
Many people look forward to their wedding day when they will be beautifully dressed in a gown and suit with the couple looking forward with enthusiasm to all the beautiful things that...
There is no magic formula to determine the amount of life insurance you will need. However, you can make a reasonable estimate if you consider your present financial situation and...
Treatment of distributions to persons placed on active service for at least 179 days (article 72(t) of the code)Under the current law Under current legislation, a taxpayer who...