If a taxpayer fails to file a return for a length of time, the IRS will use available information to prepare a substitute return. The IRS will then use the return to arrive at an assessment...
Posted by The TaxAdvocate Group, LLC on 10/29/2019
Pass-through businesses are likely to file early tax returns this year. Trusts, estates and individuals who own pass-through businesses can claim a deduction under section 199A for...
Posted by The TaxAdvocate Group, LLC on 10/29/2019
People these days are trading the stock market in an ever-increasing number with the proliferation of online and discount brokerages. However, the many tax advantages and asset protection...
Posted by YourIRSTaxAdvocate.com on 10/29/2019
You have gone past the last date, April 18, for filing your return. The return has been sent to the IRS and you are waiting for your refund. According to the IRS website, if you have...
Posted by YourIRSTaxAdvocate.com on 10/29/2019
If you want to separate your tax liability from your spouse's, the married filing separately status could be beneficial. Take note that having this status means that you pay more...
Posted by Fletcher Accounting and Tax Service Inc. on 10/25/2019
Under procedures the IRS outlined Friday on its websites and announced in News Release IR-2019-151 that obtaining relief from the exit tax of Sec. 877A and other outstanding tax liabilities...
Posted by Fletcher Accounting and Tax Service Inc. on 10/25/2019
Finally, the Bipartisan Budget Act of 2018 took a firm step on cutting seniors a bit of a break at tax time by simplifying tax filing for individuals aged 65 and older. They now have...
Posted by Unifirst Financials & Tax Advisors on 10/25/2019
For many people in the U.S, owning a home is a goal. However, not very many can afford to pay in cash and therefore they end up taking out a mortgage. It’s either that or stay...
Posted by Unifirst Financials & Tax Advisors on 10/25/2019
Designed to provide economic security for retirees, disabled individuals and the families of the retired, disabled or deceased workers, Social Security is considered a pay-as-you-go...
Posted by BEST FINANCIAL GROUP on 10/25/2019
