The US tax system uses citizenship to calculate taxes instead of where they work or live. Tax duty falls on every US citizen regardless of where they are born, where they live, or...
Posted by Taxes Made EZ Inc on 03/08/2023
The Taxpayers Bill of Rights (TABOR) is a set of laws limiting the amount of revenue the Internal Revenue Service can collect from its citizens and how that revenue can be spent. TABOR...
Posted by Pat Raskob on 03/08/2023
Taxpayers that owe taxes and find it difficult to pay their taxes can enjoy a break from the IRS financial hardship program. You can apply for the program if you can’t feed yourself...
Posted by Pat Raskob on 03/01/2023
It is normal for all taxpayers to look for ways to increase their tax refund and convert it into money. There are legal methods of increasing tax funds, but this article will focus...
Posted by Rosovich & Associates, Inc. on 03/01/2023
It is a really bad idea to file taxes at the last minute. The decision ahead will make the process faster. It is best to plan and take specific actions before tax filing. For example,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/22/2023
A net operating loss (NOL) occurs when a business has deductible expenses that exceed its taxable income for a given tax year. In other words, it is a tax loss that a business can...
Posted by Pat Raskob on 02/22/2023
When it comes to tax time, homeowners are always looking for ways to reduce their tax burden. Luckily, many tax deductions available for homeowners can result in significant savings.Before...
Posted by Rosovich & Associates, Inc. on 02/22/2023
The sixth day of January 2021 was the day the Treasury Department and Internal Revenue Service (IRS) decided to bring the IRC Section 451 regulation to a conclusion. However, the decision...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/17/2023
Home sellers may hear the term "adjusted basis" during the sales process. In the world of real estate, this term is related to the sale of real estate: when you sell your...
Posted by Taxes Made EZ Inc on 02/17/2023