If you haven't filed a tax return for several years, you should probably file your past-due tax returns as soon as possible. There are consequences for not filing taxes.What are...
Posted by Abundant Wealth Planning LLC on 01/09/2022
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
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
There are different kinds of income that qualify as income exclusion, and you must know the type of income within your earning power that can get such exclusions. For example, the...
Posted by Income Taxes and Bookkeeping LLC on 10/09/2021
When you account for every penny, especially when there's not much money, fluctuations in the price of gas can destroy a well-executed budget. And the fluctuation associated with...
Posted by James Financial Services Inc on 09/03/2021
Uncle Sam will not come against you with its host if you file your tax after the tax day. However, you can reduce your penalty by getting it right and avoiding errors, especially when...
Posted by Tiffany Gaskin on 08/06/2021
We hardly hope for a natural disaster, but they come and strike us many times. This results in a series of disasters alongside the destruction of life and properties. For victims of...
Posted by Tiffany Gaskin on 07/23/2021
After Hurricane Katrina, it became quite common for Congress to enact tax legislation that provides tax relief for victims of natural disasters. The Internal Revenue Code's (IRC)...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/19/2021
Owning or managing property has many benefits that people overlook, such as the benefits of vacation rentals and tax deductions. While there are several expenses and rules to consider...
Posted by Taxes Made EZ Inc on 04/27/2021
