What is a tax identification number?The Tax Identification Number (TIN) is a 9-digit number used by the Internal Revenue Service (IRS) for tax purposes. This number can be a person's...
Posted by Jim McClaflin, EA, NTPI Fellow on 10/09/2021
Do you need an ITIN renewal? If so, you need to know the requirements and steps you need to take to renew them. You don't need to go overboard, as the following paragraphs will...
Posted by The TaxAdvocate Group, LLC on 09/09/2021
Do I need an ITIN? If so, how do I get one? Does it expire? What do I need to know about ITIN and my tax return? These are frequently asked questions that arise each year as tax season...
Posted by Abundant Wealth Planning LLC on 04/09/2021
Tax credit for other dependents is a system designed by Uncle Sam in which relations (nuclear and extended families) can qualify for tax credits. With this credit, taxpayers can get...
Posted by Pat Raskob on 03/31/2021
What is alimony payment? This is a payment between current spouses or ex-spouses due to an ongoing separation in a marriage or divorce. Alimony (sometimes called support) payments...
Posted by Dennis Jao on 03/05/2021
To help taxpayers adopt children, U.S. tax laws provide an adoption credit, up to an inflation-adjusted maximum, for adopting a child under 18 or a person of any age with a physical...
Posted by Dennis Jao on 02/28/2021
Yes, if you are a U.S. citizen living abroad or a resident alien, you must file income, estate, and gift tax returns. You are expected to pay taxes regardless of where you may be (the...
Posted by Tiffany Gaskin on 02/28/2021
In accordance with the TCJA, significant changes have been made to the child tax credit. These changes affect fiscal years 2020 and 2021 and beyond. This article will cover all the...
Posted by Dennis Jao on 01/30/2021
The gambling industry in America is booming because fresh casinos and sports betting centers are springing up in various parts of the country. People that enjoy gambling know and realize...
Posted by Tiffany Gaskin on 01/06/2021
