The United States tax system is complex, and navigating it can be a daunting task for many individuals and businesses. The Internal Revenue Service (IRS) is responsible for enforcing...
Posted by Rosovich & Associates, Inc. on 11/27/2023
Tax liens are a common issue faced by taxpayers in the United States. If you owe back taxes to the Internal Revenue Service (IRS) or state tax authorities, they may place a tax lien...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/17/2023
Tax compliance is critical to running a business, and understanding the implications of various tax liabilities is essential for business owners. One area that often generates confusion...
Financial freedom is a dream for many, but it often remains elusive due to a lack of understanding about the different levels of financial independence and how to reach them. This...
Posted by Rosovich & Associates, Inc. on 09/30/2023
All tax filers can choose to itemize or go by the standard deduction route. However, many people go by the option that gives them the maximum tax benefits. Also, many people's...
Posted by Taxes Made EZ Inc on 06/15/2023
Buying a home is one of the most significant financial decisions most people make in their lifetime. Homeownership is often seen as a symbol of success and stability, but it also comes...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/31/2023
Taxpayers who fail to comply with tax laws may be subject to penalties and interest charges by the Internal Revenue Service (IRS). Penalties and interest can quickly increase the amount...
Posted by Taxes Made EZ Inc on 05/31/2023
An OID also known as original issue discount is a debt instrument with a lower value compared to the time it was bought. The investor receives the face value after maturity with interest...
Posted by Rosovich & Associates, Inc. on 04/21/2023
Since couples can file their taxes jointly, some partners purposely neglect their tax duties which explains the reasons the innocent spouse relief law was enacted. The program is a...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/17/2023