No one really enjoys paying taxes. Regardless of the services we receive in return, the idea of parting with our hard-earned cash is sometimes difficult. Each year, some taxpayers...
Posted by Valderas Financial Solutions LLC on 05/17/2017
When you claim tax breaks to reduce your tax liability, you can accept the normal deduction or itemize them. Undoubtedly, it is simpler to take the normal deduction. However, if...
Posted by Valderas Financial Solutions LLC on 05/10/2017
The IRS will rarely audit your individual tax reports unless they notice discrepancies in the filed reports. As of 2016, only 0.70% of individual tax returns were audited by the IRS. Therefore,...
Posted by Valderas Financial Solutions LLC on 05/09/2017
There are countless articles out there about the many different types of deductions that both individuals and small businesses can take advantage of, but arguably none of them are...
Posted by Valderas Financial Solutions LLC on 04/26/2017
Filing for a tax extension is most likely the easiest part of doing your taxes. Having said that, what is a tax extension anyway? Why will you want one? And what are the benefits...
Posted by Valderas Financial Solutions LLC on 04/19/2017
It's not uncommon to see the Internal Revenue Service (IRS) keeping possession of funds that belong to taxpayers. In 2013, the government body had more than a billion in unclaimed...
Posted by Valderas Financial Solutions LLC on 04/11/2017
If you've been working hard to pay for your education, you'll be delighted to learn about getting some of your money back. A few tax credits have been around for a while to give college...
Posted by Valderas Financial Solutions LLC on 04/05/2017
According to the law, an employer must withhold payroll taxes and federal income from the wages paid to employees and pay that sum to the IRS. Such taxes that are withheld are known...
Posted by Valderas Financial Solutions LLC on 03/29/2017
If you've experienced an audit from the IRS, you know how frustrating it can be to come to a solution. If you choose to comply with the audit, you'll have to figure out a plan to...
Posted by Valderas Financial Solutions LLC on 03/22/2017