The Internal Revenue Service (IRS) Form 8888 is designed to allow taxpayers to divide their tax refunds into different financial accounts – up to three. It also helps them buy...
Posted by Abundant Wealth Planning LLC on 08/24/2020
Everyone needs to pay tax (Federal and State taxes) on most income coming from work or investment. There are, however, some sort of income you will not have to pay taxes on. This...
Posted by Daniel P Vigilante CPA and Profit Consultants on 08/24/2020
While the separate filing of tax is a good idea and comes with its advantages, filing jointly brings about significant tax breaks in addition to being a simple method. We compiled...
Posted by Carmen Garcia on 08/24/2020
You do not need to think twice before answering the question of your marital status. The answer can, however, get complicated when you are filing your tax. For tax purposes, the last...
Posted by Don Bell Law on 08/24/2020
An effective tax rate is the rate of your total taxable income that you pay in taxes. This rate is usually significantly lower than your marginal tax rate, which depends on your tax...
Posted by Aurelia E Weems CPA on 08/24/2020
What is Surcharge?A surcharge is an extra charge, tax, or fee added to the cost of a good or service and the price initially indicated. Often, an extra tax is in addition to an existing...
Posted by BEST FINANCIAL GROUP LTD on 08/24/2020
In the United States tax system, individuals can withhold tax payments until April 15 of the following calendar year or use the Pay as You Earn (PAYE) approach, in which taxes are...
Posted by Larry Kenneth Hurt on 08/24/2020
1031 exchange is simply a swap of an investment property for another. Since most swaps are considered sales, they are taxed. Meeting the requirement of 1031 will remove or reduce your...
Posted by Elliot Kravitz, ATP on 08/24/2020
Scammers are everywhere haunting for your tax refunds. They have different tactics to rob unsuspecting victims of their hard-earned money. There are many helpful ways you can prevent...
Posted by The TaxAdvocate Group, LLC on 08/24/2020
