Paying tax is not a feeling any taxpayer likes. Having your income after working for a month or having a personal savings slash is no joke. The anger has pushed most taxpayers into...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/08/2022
Asset protection strategies are paramount considerations for wealth that are vulnerable to lawsuits, creditors, costly divorces, etc. We live in an increasingly controversial society...
Posted by Dennis Jao on 12/08/2022
It may come as a surprise that awards and prizes are taxable. The prize is filed under income tax if a taxpayer receives an award from a competition. This is because the market value...
Posted by Pat Raskob on 11/30/2022
It's never good news when Uncle Sam flags you for an audit. It sends waves down your spine even when you think you have done nothing wrong. The fear of auditing is the best option...
Posted by Tiffany Gaskin on 10/30/2022
Married couples can file federal income tax returns jointly or separately. The IRS encourages couples to file joint tax returns, extending several tax breaks to those who file jointly....
Posted by Abundant Wealth Planning LLC on 09/10/2022
Cryptocurrency has become the most delinquent and high-gaining investment of the modern era. The long-term investment has led people to ask what happens to Bitcoin (BTC) when the owner...
Posted by Pat Raskob on 07/31/2022
Did you know many military members and their family members can get a tax deferral extension? In several cases, the extension is automatically granted, and some people may even receive...
Posted by Dennis Jao on 07/18/2022
When lenders check your creditworthiness with a hard inquiry (also known as a "hard pull"), they usually write official reviews on your credit reports. They use this information...
Posted by Abundant Wealth Planning LLC on 07/12/2022
Almost every part of the world is still feeling the impact of the pandemic, and a way out initiated by the government is through stimulus payment. The Internal Revenue Service distributes...
Posted by Pat Raskob on 07/01/2022
