Form 1099-C and Cancelation of Debt is a system created by the Internal Revenue Service (IRS) to clarify all transactions made to taxpayers by loan service providers and creditors....
Posted by Pat Raskob on 10/16/2022
Tax penalties are not to be messed with but avoided. During every tax season, the IRS and Justice Department arrest faulty taxpayers. The scenario is threatening to many taxpayers...
Posted by Rosovich & Associates, Inc. on 10/07/2022
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
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 process of restoring your financial stability after facing bankruptcy is a back-breaking move. Filing for bankruptcy affects your credit score and can hinder your long-term financial...
Posted by Pat Raskob on 06/11/2022
Employees have their taxes withheld by their employers. So, how do the self-employed pay? The self-employed pay estimated taxes quarterly by due dates to the IRS. This way, they can...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/22/2022
For many people, retirement is the start of a new phase of life. While this may be the same situation for you, it does not have to be challenging. You could have a comfortable, fun,...
Posted by Taxes Made EZ Inc on 04/26/2022
Considering moving to a new state? Congratulations. But have you compared the taxation between your old and new states? If it is on a higher level, you will probably have some questions....
Posted by Pat Raskob on 04/24/2022
Accumulated earnings and profits (E&P) are the earnings accumulated by a company after the payment of dividends to shareholders. It measures a company's ability to pay cash...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/09/2022