It is pretty common for people to structure their professional activity by creating an entity to manage their business. It can be a trust, a partnership, or, more often, a business.The...
Posted by Unifirst Financial & Tax Consultants on 09/26/2021
A joint tax filing return makes both parties responsible for the tax bill. It removes the need to foot additional tax debt with an innocent spouse relief if your partner or ex-partner...
Posted by CORE PERFORMANCE on 05/06/2021
On joint tax returns, both taxpayers are generally responsible for the tax bill. But innocent spouse relief is one way to avoid paying the additional taxes you may owe to the IRS if...
Posted by Tiffany Gaskin on 01/30/2021
Will the Flat Tax Decrease the Tax Bill?What is flat tax? A flat tax is the federal income tax system. It applies same lower rate across the board. Hence, its success solely depends...
Posted by BEST FINANCIAL GROUP LTD on 07/16/2018
Most taxpayers are only concerned with completing the filing process as quickly and easily as possible. That being said, when it comes to answering each question, please think carefully...
Posted by Carmen Garcia on 05/30/2021
The Internal Revenue Service can impose a huge number of tax defaulters that do not pay taxes or do not pay on time. These penalties may also include financial penalties imposed on...
Posted by Elliot Kravitz, ATP on 05/18/2021
The Internal Revenue Service recognizes that sometimes, when a joint return is filed, both parties may not be responsible for a resulting tax liability. However, when a tax liability...
Posted by Advantage Tax Services, Inc. on 01/02/2019
The Office of the Indian Tribal Government (ITG) aims to provide top quality service and assistance towards Indian tribes for a better understanding and compliance of applicable tax...
In spite of the expensive cost of living, California remains to be among the most desired state for Americans to live in and that’s due to a couple of good reasons. The nice...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 07/23/2018
