There are many ways you can either reduce or cancel your debt. No matter the source – excessive credit card bills or student loans, it is possible to cancel your debt. In many...
Understanding Itemized Deductions We define itemized deductions as a series of expenses with which one can reduce taxable income on a tax return. It includes medical bills, interest...
Sometimes a debtor could be overwhelmed by debt repayments and may need to negotiate for debt cancellation. If you get one, the IRS considers it an income, and it is taxable. That's...
Posted by CORE PERFORMANCE on 05/22/2022
There's no denying that Covid-19 has changed the lives of millions of Americans. Some people lost their jobs after the permanent closure of their businesses and are yet to get...
Posted by CORE PERFORMANCE on 04/24/2022
Are you selling an asset? Avoiding Real Estate Capital Gains Tax in 2022It's great to get a good price for your home, but in some cases, the IRS may want some of the action. Indeed,...
Posted by CORE PERFORMANCE on 02/08/2022
Almost every gambler looks forward to winning when they bet on a sport. Unknown to most gamblers; however, the taxman also wants his cut. Uncle Sam considers sports betting winning...
Posted by Karen Munoz, EA on 10/30/2021
Your tax payment as an independent contractor could be a little tricky. You must file extra forms, ensure you pay Uncle Sam enough in the year, and pay your self-employment tax. Who...
Posted by Karen Munoz, EA on 10/19/2021
Paying taxes should be a priority for everyone, no matter the line of business. One of the areas where the government shows incredible seriousness and dexterity is collecting tax debts....
The advantages of being a self-employed or independent contractor are numerous. You have the freedom and flexibility to do your job, and it's also a great way to start your own...