Settling an estate means paying the final tax bill. You can use the usual tax forms and Internal Revenue Service guidelines to file taxes on behalf of a deceased person, but it is...
Posted by Taxes Made EZ Inc on 06/24/2022
As a non-citizen of the United States or living abroad, filing a first-time tax can be challenging. You have no experience and what it takes to file tax for the first time correctly....
Posted by CORE PERFORMANCE on 06/24/2022
Tax season has many people wondering what itemized deductions are and their role in tax preparation. Itemized deductions offer an alternative to standard deductions and can reduce...
Posted by Rosovich & Associates, Inc. on 06/24/2022
If you run your business using a limited liability company (LLC), you will have more flexibility in how the IRS taxes your business profits.IRS Standard DesignationImmediately after...
Posted by James Financial Services Inc on 06/11/2022
As a taxpayer, you should be familiar with the current year’s tax return. You can request to check or change the information on the tax report after filing your assessment year...
Posted by Dennis Jao on 06/10/2022
A business's success depends on a good business structure because the impact comes in the long run. The consequence of neglecting a business structure is tremendous. The structure...
Posted by Abundant Wealth Planning LLC on 05/31/2022
Do Expats pay taxes? Yes. Do they owe tax debts to the United States? Yes. This may sound surprising to you, especially if you are not a U.S. citizen. But if you're a citizen,...
Posted by Income Taxes and Bookkeeping LLC on 05/31/2022
What is a foreign tax credit?A foreign tax credit is a United States tax credit that is used to offset income tax paid abroad. United States citizens and resident aliens who pay income...
Posted by Rosovich & Associates, Inc. on 05/31/2022
Most tax practitioners are familiar with reasonable cause as the basis for penalty abatement. But many often overlook another important reason for penalty abatement: the so-called...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2022
