The Tax Cuts and Jobs Act of 2017 has some features that are not beneficial for couples. However, the law is unpleasant and an additional tax burden for couples compared to single...
Posted by Abundant Wealth Planning LLC on 11/30/2022
It is no surprise that paying someone to watch your kids or clean your property makes you an employer, and you have to do the employer donation. Those hired to do these jobs are considered...
Posted by Rosovich & Associates, Inc. on 11/30/2022
According to Uncle Sam, taxpayers who owe additional federal taxes should do a paycheck checkup to avoid unnecessary extra levies. The Tax Cuts and Jobs Act passage made some major...
Posted by Tiffany Gaskin on 11/30/2022
Every taxpayer could prefer living tax-free. Unfortunately, the tax system is made more challenging by emerging tax laws. These laws create tons of questions, leaving taxpayers overwhelmed...
Posted by Abundant Wealth Planning LLC on 11/28/2022
Partnerships should use Schedule K-1 tax forms to distinguish partnership income from owners' income. By doing this, your business will more likely avoid the $54,171 tax penalties...
Posted by Taxes Made EZ Inc on 11/17/2022
In 2020, the I.R.S. processed over 3.5 million compliance activities. These activities occur when the I.R.S. thinks something is wrong with a tax return. They include:Automated under...
Posted by Abundant Wealth Planning LLC on 11/17/2022
When you work as a driver for a ridesharing company like Uber, Lyft, or another ridesharing service, the important thing to understand about your taxes is that you're probably...
Posted by Pat Raskob on 11/17/2022
Managing your taxes is as much about planning for next year as it is about completing and filing your taxes this year. Life does not stop. Your income or deductions may change, but...
Posted by KLSM CPA Firm PLLC on 11/17/2022
Tax preparers prepare more than 85 million tax returns, as observed by the Internal Revenue Service (IRS). However, those who boldly go DIY on their taxes should remember to keep a...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/10/2022
