Many taxpayers can misinterpret their liability for errors in tax returns, their obligation to file, and the effects of requesting an extension.While calculating tax obligations and...
Posted by Raven Skylar Tax & Consulting, LLC on 06/11/2021
Does the IRS take a large chunk of your cryptocurrency income? Maybe you traded one cryptocurrency for another at the right time and withdrew a lot of it in dollars, and now you have...
Posted by CORE PERFORMANCE on 05/29/2021
By understanding the separation of liabilities, the Internal Revenue Service (IRS) separates the tax liability between you and your ex-spouse or spouse. This includes penalties and...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 05/19/2021
It might make sense for married couples to file their taxes jointly to get the benefits that come with marriage. However, this is not always the case, as separate filing might be better...
Posted by Tiffany Gaskin on 05/18/2021
Filing your taxes via the itemizing route might appear a little daunting, especially if you do not get the details. When it comes to reducing your tax liability, everyone has two options...
Posted by Raven Skylar Tax & Consulting, LLC on 05/07/2021
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
The significant difference between S corps and partnership is the protection limited liability that S corps business owners enjoy. Partnerships, however, do not have this protection,...
Posted by Jim McClaflin, EA, NTPI Fellow on 04/27/2021
When you get married, everything about you changes and this includes your financial status, tax obligations, filing status, and so much more. Here are tips that can immensely...
Posted by Karen Munoz, EA on 04/21/2021
What is married filing separately?Married filing separately is a tax law for couples who choose to file their taxes, income, and deductions on separate tax returns. There is a potential...
Posted by Raven Skylar Tax & Consulting, LLC on 03/29/2021
