During the last few months, the IRS has been busy. People in or near their retirement is where some of its work mainly focuses on. Under the tax code, the health portion genetic-testing...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/25/2019
The total spending for K-12 schools and college reached $82.8 billion in 2018, nearly as high as 2017’s $83.6 billion, that’s according to the National Retail Federation’s...
A tax return transcript is a summary of your important tax information in the federal income tax return. Thus, instead of getting into the weeds with your financial information in...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
The IRS does not reject many tax extension applications. However, there are several reasons for not receiving tax extensions. I will explain the reasons for the refusal to extend the...
Posted by J.R.'S TAX SERVICE on 02/27/2019
The states that have no income tax as of 2018 are Wyoming, Alaska, Texas, Washington, Florida, Nevada, and South Dakota. Two other states with an incredibly low rate, on the other...
Posted by Wright Tax and Accounting Solutions on 02/25/2019
The Internal Revenue Service recognizes that sometimes, when a joint return is filed, both parties may not be responsible for a resulting tax liability. However, when a tax liability...
Posted by Advantage Tax Services, Inc. on 01/02/2019
The arrival of tax season is about to knock on your door, every self-employed individual is faced with a unique set of challenges. However, the self-employed individuals have an upper...
Posted by rinehimerbaker on 12/14/2018
If the IRS filed a Notice of Federal Tax Lien against you in the past, the IRS debt may have appeared on your credit report. Although the three major credit bureaus took away tax liens...
Posted by J.R.'S TAX SERVICE on 11/14/2018
One of the foremost aspect of tax credit vs. tax deduction debate is to comprehend the obvious differences between the two. Once these differences are crystal clear, only then you...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/26/2018