We all want to reduce what we send to Uncle Sam. For seniors age 65 and above, we discuss essential tax tips that can help them err on the side of caution:Seniors and Standard Deductions As...
Posted by Tiffany Gaskin on 04/15/2021
If you need to file for an individual federal income tax return, you will now use the IRS Form 1040 or 1040-SR for Seniors. The other alternatives above: Forms 1040A and 1040EZ ended...
Posted by Taxes Made EZ Inc on 04/09/2021
It's the start of the 2021 tax season, and you can't wait to get started. Gather your documents for the 2020 tax year and complete federal and state taxes before the filing...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 04/08/2021
It's tax season! Tax return companies and DIY software vendors work hard to convince individual taxpayers that their services and products are the way to maximize tax refunds or...
Posted by Don Bell Law on 03/31/2021
There is no known trick or formula developed to dodge payment of taxes to Uncle Sam, and if you want to avoid the headache of an audit, you have to get it right. Employees enjoy the...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 03/31/2021
As an individual, your taxes are one of the most important things to get things right. The IRS can hound and penalize you in an instant. That is why you need to make sure that you...
Posted by Aurelia E Weems CPA on 03/28/2021
Even if you are not a U.S. citizen, but you live in, or spend a significant amount of time in the US, you will still have to pay U.S. income tax.Resident or non-resident aliensThe...
Posted by International Tax Consultants, LLC on 03/28/2021
Legal fees are deductible if business expenses are incurred. The deduction can be claimed on corporation returns (for example, in a partnership form 1065) or directly on Schedule C...
When dealing with taxes, one needs to be proactive as things do not always move in a single direction. One might receive an income now with the mandate to repay some or everything...
Posted by Taxes Made EZ Inc on 03/22/2021
