Tax season brings mixed feelings. You can get a refund, but you can also get an IRS bill. It's not fun, especially when a big chunk of your budget is spent on student loans.But...
Posted by BEST FINANCIAL GROUP LTD on 06/11/2022
The process of restoring your financial stability after facing bankruptcy is a back-breaking move. Filing for bankruptcy affects your credit score and can hinder your long-term financial...
Posted by Pat Raskob 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
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
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
Would it be a good idea if workers in a company own stocks in that same company? The ESOP answers that question. ESOP is known as the employee stock ownership program.The employee...
Posted by Pat Raskob on 05/22/2022
The real estate planning world, the financial planning world, and parliamentarians considered several significant estates and gift tax changes at the end of 2021. The Biden administration...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/10/2022
What are tax refund loans?Most taxpayers know a lot about tax refunds. However, very few know about tax refund loans. If you have short-term cash needs and anticipate a tax refund,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/30/2022
The federal income tax deadline was April 18, 2022. If you need some more time, you can get an income tax extension by filing IRS Form 4868. This gives you until October 17, 2022,...
Posted by Dennis Jao on 04/24/2022
