Many taxpayers can misinterpret their liability for errors in tax returns, their obligation to file, and the effects of requesting an extension.While calculating tax obligations and...
Posted by Raven Skylar Tax & Consulting, LLC on 06/11/2021
When you buy personal effects for your business, such as a car or a computer, that last more than a year, you should gradually deduct the cost over several years. This process is called...
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 on 05/19/2021
The COVID-19 pandemic is complicating several people's efforts to file their 2020 taxes ahead of schedule, but the good news is that the Internal Revenue Service (IRS) has been...
Posted by Elliot Kravitz, ATP on 05/06/2021
While filing income tax can be difficult for expats, we have good news. Extensions are available for your foreign tax return, and some are even automated! As an American, you're...
Posted by Dennis Jao on 04/17/2021
Filing requirements can go on and on, and nothing is more frustrating than paying a fine that could have been avoided.Take a few minutes to record all the relevant filing dates in...
Posted by Thomas G Kinsella, ATP on 01/30/2021
April 15 is normally U.S. Tax Day, which is when personal income tax returns are due with the IRS unless that day is a weekend or statutory holiday. When this is the case, the due...
Posted by CORE PERFORMANCE on 12/19/2020
When it comes to taxes, people often make mistakes which are quite normal. However, when these mistakes lead the IRS to perform audits of your business or personal assets, repaying...
Posted by Carmen Garcia on 09/28/2020
A couple of months back, the IRS announced an extension for the tax deadline. Hence, all taxpayers have till July 15, 2020, to file and pay their tax, as opposed to the April 15 original...
Posted by The TaxAdvocate Group, LLC on 05/17/2020
