You can generally deduct losses from accidents and thefts related to your home, household items, and vehicles if the loss is caused by a federally declared disaster declared by the...
Posted by Thomas G Kinsella, ATP on 01/22/2021
If you do not pay your taxes on time, interest and penalties will accrue with time. As a result, it is in the best interest of taxpayers to make payments when due. Statute of...
Posted by Wagner Grams on 01/21/2021
What is a mortgage interest deduction?Buying a home is a proven way to build wealth; you will accumulate equity as you pay off the loan, and the home's value increases.But there...
Posted by International Tax Consultants, LLC on 01/20/2021
When you lose a loved one, taxes may be the last thing on your mind. But the task of filing the final tax return for a deceased person may fall on a relative or a friend.If you are...
Posted by Wagner Grams on 01/19/2021
Finding out your business's shape can seem like a chore, as there are many types of businesses to start. A good option is a limited liability company (LLC), which has some of the...
Posted by Don Bell Law on 01/18/2021
The TCJA eliminated several itemized deductions from 2018 through to 2025. However, the investment interest deduction was not affected. This means that single taxpayers can claim their...
Posted by Rosovich & Associates, Inc. on 01/13/2021
A household employment tax allows everyone that hires a nanny or a gardener, to name a few, and pays them above $2,200 every year, to pay household employee taxes for their worker....
Posted by Tucker Accounting Services LLC on 01/13/2021
What is Publication 519?IRS Publication 519 is the U.S. Alien Tax Guide, a document published by the Internal Revenue Service (IRS) detailing tax procedures for foreigners who are...
Posted by Pacesetter Financial Services on 01/08/2021
There are some processes involved in filing an amended tax return with Uncle Sam. One needs to fill form 1040X and submit it to the IRS. Understanding the tax code is a pretty complicated...
Posted by Taxes Made EZ Inc on 01/07/2021
