While many people might not realize, there are amazing tax benefits of purchasing a house. Two significant advantages are the property tax deduction and the mortgage interest, which...
In filing your federal tax return, you can decide to go through the itemized deduction channel or standard deduction method. Standard deduction involves some values defined by Uncle...
Recognize whether which of the standard deduction and itemized deduction suits you before you file.Although you don’t have plenty of choices when it comes to paying taxes, you...
The Internal Revenue Services (IRS) allow taxpayers to create or access their online payment plans. However, there have been some key changes recently made by the IRS with regards...
If you haven’t thought about hiring an Accountant to help prepare your taxes before, you may now have to consider doing it now. It’s important for you to be prepared for...
Posted by Elliot Kravitz, ATP on 04/17/2019
There are three ways to request a tax transcript: through the IRS' online portal, mail, and through the phone. All of them are simple and free of charge process. In the IRS portal,...
The most commonly asked question of a taxpayer is that whether there is a need to itemize their deductions. So this article will shed light upon some of the fundamental aspects of...
Posted by Wolf Financial Group LLC - Tax Services on 12/14/2018
New tax bill with significant reforms is out and taxpayers must expect numerous changes in 2018. Deductions for high standard, decrease tax rates and child higher tax credit for families...
Posted by Tax Solutions & Accounting Services on 05/16/2018
The new tax reform law can significantly affect the income tax return of individual taxpayers in 2018. Some of the many changes to be expected are lower tax rates, higher standard...
Posted by P Sinaly CPA PC on 05/16/2018