What is the Taxpayer Bill of Rights (TABOR)?Taxpayer Bill of Rights: TABOR is a broad term that encompasses many concepts and initiatives at the local, state, and federal levels...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/01/2021
On filing for a tax deduction, you have to consider your filing status. Your position in your household determines your status. Your status determines the tax bracket you are categorized...
Posted by Pat Raskob on 11/04/2021
Also known as a tax write-off, it is an expense that you can remove from the taxable income. The idea is to lower your tax bills; however, such deductions need to meet the criteria...
Posted by Taxes Made EZ Inc on 09/10/2021
Forensic accounting is investigating fraud or financial manipulation by conducting very detailed investigations and analyses of financial information. Forensic accountants are often...
Posted by Pat Raskob on 07/31/2021
Do you have a small business? You can take advantage of these ten deductions to reduce your taxable income. The legal reduction in taxable income isn't as thrilling as winning...
Posted by Rosovich & Associates, Inc. on 07/31/2021
The last thing any business owner wants is to be audited by Uncle Sam. Truthfully, the probability of an audit is generally low though some red flags can trigger a business audit....
Posted by Rosovich & Associates, Inc. on 05/29/2021
A small business needs to get its tax right to avoid unnecessary headache with the IRS. The idea is simple – a plain and accurate disclosure of losses, revenues and deductions...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/07/2021
If you need to file for an individual federal income tax return, you will now use the IRS Form 1040 or 1040-SR for Seniors. The other alternatives above: Forms 1040A and 1040EZ ended...
When is the perfect time to give birth to a child during a tax year so as to claim that child as dependent on your tax return? You might be amazed by the answer: but anytime during...