While many people dread the tax season, we all eagerly look forward to our tax refund from the IRS.Even though typically, the Refund should be around within three weeks, it varies...
Posted by Raven Skylar Tax & Consulting, LLC on 04/09/2021
Based on Uncle Sam's definition and the purpose of taxes, a head of household is a single taxpayer with dependents and is responsible for over half of their care and home cost....
Posted by Accurate Books And Tax on 03/29/2021
What is married filing separately?Married filing separately is a tax law for couples who choose to file their taxes, income, and deductions on separate tax returns. There is a potential...
Posted by Raven Skylar Tax & Consulting, LLC on 03/29/2021
People that are not married and do not qualify for other filing status have the single filing status as their default tax status. Your filing status affects many things like the...
Posted by Pat Raskob on 03/27/2021
The alternative minimum tax (AMT) was first introduced in 1969 to prevent the wealthy from enjoying so many deductions and income tax credits that they paid little or no income tax....
Posted by Daniel P Vigilante CPA and Profit Consultants on 03/22/2021
What are itemized deductions?Itemized deductions are a list of expenses that you can use to reduce taxable income on your federal income tax return. These include medical bills, taxes,...
The employer will take a part of your salary and send it to the IRS for people paid regularly, which happens via withholding taxes. People that are self-employed or paid via non-wage...
Posted by James Financial Services Inc on 03/01/2021
We define tax planning as the process of analyzing a financial situation to make sure that you engage every essential and lawful element to make it possible to pay the minimum tax...
Posted by Abundant Wealth Planning LLC on 02/23/2021
Here are some FAQ related to taxes:What Income am I to Pay taxes on?Uncle Sam’s definition of income is money, services, and properties. All income can be taxed, except there...
Posted by Don Bell Law on 02/17/2021
