Getting paid for goods and service means one will pay income taxes on the value received. This is valid for every form of earning, alongside any interest coming from the investment....
Low to moderate-income individuals can get massive relief from federal tax credits to cushion their tax or maximize their refunds. We will discuss some of those tax credits that can...
Posted by International Tax Consultants, LLC on 02/17/2021
For tax purposes, a dependent is any other qualifying person asides from the taxpayer or their partner that makes the taxpayer eligible to claim an exemption due to dependency on their...
Even though many Americans do not like sending a vast proportion of their hard-earned money to Uncle Sam, many look forward to their tax refunds. Tax refunds can save you a lot of...
Before the Kiddie tax, parents could get tax savings by setting up an investment account using the kid's name. Parents could give various items like a stock to their kids in which...
What is a dependent?A dependent is a qualified person other than the taxpayer or spouse, who gives the taxpayer the right to request a dependency exemption on their income tax return....
Going through the process of divorce or separation can be a very difficult time. Consider these tax tips for avoiding mistakes with the IRS.The process of divorce or separation is...
There are several ways to reduce the tax burden. However, the two most popular are probably tax credits and tax deductions. While they may look the same, they are two very different...
Marriage planning is an important event that many dream of, but one element is often overlooked during the preparation process: taxes. If you are planning that special event and haven't...