Many married couples prefer using the joint filing status to file tax returns. In essence, you or your spouse can file the tax return. Married couples using the joint filing status...
Posted by KLSM CPA Firm PLLC on 01/30/2023
If you decide to go back to school or help pay for the tuition of a child or grandchild, keep in mind that certain types of expenses may qualify for special tax treatment. Many pension...
Posted by KLSM CPA Firm PLLC on 05/22/2022
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
Married couples can file federal income tax returns together or separately. The Internal Revenue Service strongly encourages couples to file joint tax returns, extending more tax cuts...
Posted by CORE PERFORMANCE on 04/09/2022
Although same-sex marriages have been nationally recognized since 2015, some couples may still have a common-law marriage or civil partnership rather than a marriage. Persons living...
Posted by CORE PERFORMANCE on 03/31/2022
Lenders, at times, might check your credit using a hard inquiry, also called a hard pull. They will send a note of such an official review into your credit report. Such information...
Posted by CORE PERFORMANCE on 01/31/2022
Even the most responsible business owner can fall behind with taxes. Every year, unforeseen delays, expenses, and other financial hardships keep people from paying their taxes to the...
Posted by CORE PERFORMANCE on 12/27/2021
Payment of college tuition is usually stressful for a student. As a result, many students strive for scholarships and grants to offset the expense. Winning a scholarship indeed...
Posted by CORE PERFORMANCE on 11/21/2021
Debt is not necessarily bad as it can either cause harm or help someone, depending on how it is used. This is not about going into high-interest debt but considering and leveraging...
Posted by KLSM CPA Firm PLLC on 09/26/2021