Sports betting and gambling is a two-edged sword – fun or depressing depending on your outcome. On top of that, gamblers have to deal with the complication of taxes as Uncle...
Posted by Pat Raskob on 06/06/2021
There are many ways you can either reduce or cancel your debt. No matter the source – excessive credit card bills or student loans, it is possible to cancel your debt. In many...
The legislative arm of the government, known as Congress, is in charge of formulating the Internal Revenue Code (IRC), also known as the tax code. This tax code guides tax collection,...
It is possible to estimate how much you owe without getting in touch with Uncle Sam. The process of knowing if you owe Uncle Sam back taxes is a factor of what the tax relates...
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
You must be a U.S. citizen, lawful permanent resident (green card holder), or pass the "substantial presence" test to be recognized as a U.S. resident for tax purposes. Some...
Some errors on your tax return can cost you a large refund or end up with a larger tax debt with penalties and interest. There could be an audit in the worst cases, but you can defend...
When it comes to financial management, debt management is an excellent skill. Whatever the type of debt – car finance, student loan, home mortgage, here are debt reduction skills...
Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...