State and Local Tax Deduction (SALT) allows taxpayers in high tax states to deduct local tax payments from their federal tax returns. The tax plan that President Trump signed in 2017...
Posted by Income Taxes and Bookkeeping LLC on 01/27/2022
If you think you don't have to pay certain federal penalties or interest, you can request an IRS penalty abatement. If you qualify, the IRS will waive some or all of your penalties.To...
Posted by CORE PERFORMANCE on 11/11/2021
Usually, when taxpayers receive a notice and are assessed for penalties and interest related to federal income and informative tax returns, they tend to just pay them. Not so fast!...
Posted by James Financial Services Inc on 10/30/2021
Perhaps you are considering if it is time to refinance your mortgage; if that is the case, then you need to know how much you can save and how much it will cost to refinance.Ideally,...
Posted by Pat Raskob on 08/15/2021
The FICA tax is the federal law on insurance contributions. The Federal Insurance Contribution Act is a federal payroll of the United States regulating social security and health insurance...
Posted by Don Bell Law on 01/31/2021
Resident or non-resident alien The IRS utilizes two tests—the 'green card test' and the 'substantial presence test'—for determining your alien...
Posted by YourIRSTaxAdvocate.com on 04/11/2019
In these tough economic times many of us have been forced to come up with clever side-hassles. Those who have access to capital have started small businesses while others who are not...
Posted by Paul Vanderbosch CPA LLC on 03/10/2016
They say that it’s never too early to start saving and that is definitely the case when it comes to setting aside some money for your retirement. Some employers offer their employees...
Posted by Paul Vanderbosch CPA LLC on 02/23/2016
Health Services Accounts (HSAs) are medical savings accounts that enable people to save for future medical care while finding some reprieve on their taxes. Contributions to these accounts...
Posted by Paul Vanderbosch CPA LLC on 02/19/2016
