Since nonresident and resident aliens are taxed differently, it is important to determine your status. You are considered a nonresident alien when you are not a U.S. citizen or a U.S....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/01/2022
Keeping old tax records can save you time and effort if you are audited or need to file an amended tax return. Previous tax returns can also help you document your income when applying...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/24/2022
Settling an estate means paying the final tax bill. You can use the usual tax forms and Internal Revenue Service guidelines to file taxes on behalf of a deceased person, but it is...
Tax season has many people wondering what itemized deductions are and their role in tax preparation. Itemized deductions offer an alternative to standard deductions and can reduce...
Posted by Rosovich & Associates, Inc. on 06/24/2022
Do you want your children to do better financially than you? Do you want them to stick to a budget and invest in their future? Financial education is essential.A 2018 National Financial...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/11/2022
If you are living on paycheck to paycheck, that implies that all your money comes and goes out at the end of the month. It may not seem so bad at first. After all, you're up to...
Posted by Taxes Made EZ Inc on 06/11/2022
The IRS may come requesting the previous record, and it is bad for you to have none. In such a case, you may face serious financial penalties. However, having a record for various...
Posted by Rosovich & Associates, Inc. on 06/10/2022
Tax payment is pretty important and sure for everyone, and there is no escaping payment. However, there are times when one might not be able to meet up with the payment. Uncle Sam...
College fees are no joke. That's why it's not too early to start planning for them. Estimation shows that it would cost between $250,000 and half a million dollars to pay for...
Posted by Pat Raskob on 05/31/2022