Taxpayers can reduce mistakes when filing their annual returns by using tax preparation software. Making a mistake while filing taxes can result in a higher tax bill or a lower tax...
Posted by Corvino & Verwys Certified Tax Resolution Specialists on 02/15/2017
5.3.1[a] U.S. Taxation of Foreign PersonsThe U.S. tax treatment of foreign persons and foreign-related transactions depends primarily on three criteria:1 – Whether the income earned...
For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...
For those who are self-employed, such as painters, freelancers and various other professions, the reality is that you may not always receive a 1099 from the various individuals who...
When it comes to caring for routine tasks around the home, many individuals use hired help. Depending on how they hire that help, they may suddenly have a household employee. For many...
When we are making charitable donations, especially if they are larger donations of property or taxes, it can be easy to meet any necessary requirements to be able to take advantage...
When it comes to estate planning, the point is to reduce the amount of potential taxes and other expenses for your beneficiaries. This could include your children or other special...
Your retirement is a great way for you to help save up for the expenses that you are going to have later in life. Many people find that they started way too late in life and are now...
Investing in rental properties can be a significant income stream or provide an income supplement throughout the year. However, this investment also comes with potential tax implications,...