Did you make a mistake in your tax return, or did you notice that you lost a valuable tax credit or deduction? You can file an amended return to effect the correction. Filing an amended...
Posted by Abundant Wealth Planning LLC on 07/17/2021
An LLC (limited liability company) is a form of business organization recognized by all states. Forming an LLC provides limited liability protection to owners (called "members")...
Posted by Abundant Wealth Planning LLC on 05/07/2021
Classroom decoration, books, additional teaching materials, party supplies, and occasional gifts are common classroom expenses for K-12 instructors. Do you have to bear the costs of...
What is Form 1040-SR: Tax Return for U.S Seniors?If you are 65 or older (or turned 65 in 2020 or after), you will have the option of using a new, simple tax form for seniors, known...
Posted by The TaxAdvocate Group, LLC on 02/23/2021
Everyone wants to save on taxes, and older Americans are no exception. If you're over 50, here are some tax tips that can help you get there.The standard deduction for the elderly: If...
Posted by Dennis Jao on 02/23/2021
Going to university to broaden your horizons is interesting, but funding your studies with scholarships? It's even better. Scholarships often offer an educational path that would...
Posted by Tiffany Gaskin on 12/31/2020
To help working parents cope with the rising costs of care, Congress approved the credit to care for children and dependents. The loan allows working parents to reduce their tax obligations...
Posted by Daniel P Vigilante CPA and Profit Consultants on 11/19/2020
Before leaving the United States, all foreigners (except those listed below) must obtain a "Certificate of Compliance" from the United States Internal Revenue Service. This...
Posted by Elliot Kravitz, ATP on 09/09/2020
Finally, the Bipartisan Budget Act of 2018 took a firm step on cutting seniors a bit of a break at tax time by simplifying tax filing for individuals aged 65 and older. They now have...
Posted by Unifirst Financial & Tax Consultants on 10/25/2019
