Keeping old tax records can save you time and effort if you are audited or need to file an amended tax return. Previous tax returns can also help you document your income when applying...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/24/2022
Donations to qualified charities are tax-deductible and can reduce your taxable income, which can help you reduce your tax bill. You may need to itemize your tax deductions in detail...
Posted by Pat Raskob on 04/17/2022
We recommend that you keep some documents and files longer than others. It really depends on the document and your business.With the exception of some guidelines from government agencies,...
Posted by Dennis Jao on 12/10/2021
Have you received a letter or an email from the IRS stating that you filed a tax return electronically or that your tax return was accepted or rejected by the IRS, but you did not...
Posted by Dennis Jao on 05/29/2021
While many people do not see receipt as a big deal, it is not so with small businesses. Savvy business owners need to keep receipts so that their tax returns can have a bearing during...
Posted by CORE PERFORMANCE on 10/18/2021
One of the most proven methods to bring down your tax return is to take advantage of tax deductions. It allows you to deduct expenses related to driving like fees and tolls taken by...
Posted by One Stop Taxes on 02/17/2021
Voice mails and robocalls are not the scammer’s only option now, they also use the texting strategy. A warning about a new scam that appears to come from Social Security through...
Posted by Elliot Kravitz, ATP on 04/27/2020
There's an Inland Revenue Service payment plan for most any circumstance including unpaid taxes. Some aren't perfect, however despite everything they'll get you out...
Posted by Debi G Hill, CPA on 07/25/2019
Keeping your books updated is crucial to each and every business. Very small, freelancers may be able to check their bank accounts in order to know how they are actually doing. But,...
Posted by Duce Taxes & Accounting on 09/11/2018
