Suppose you have tax debts this year. It is less than ideal - if you're struggling to pay off your tax debt, as it can have a lasting impact on your finances. But does tax debt...
Posted by Income Taxes and Bookkeeping LLC on 05/22/2022
Retirement is always around the corner. No matter how far away we think it is, it soon sneaks upon us. You can never be too prepared for your retirement which is where your 401(K)...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/26/2022
Property damage is never a good thing. In some cases, however, you can get some of your money back by taking a tax deduction. A tax deduction for disasters, casualties, and theft can...
Posted by BEST FINANCIAL GROUP LTD on 04/17/2022
There is no such thing as free money, but dividend reinvestments come pretty close.You will likely see assets classified as dividends in your accounts during your investment journey....
Posted by Taxes Made EZ Inc on 04/09/2022
The student loan interest deduction is a tax deduction for students and their parents who have incurred debt to pay for their education. It allows up to $2,500 of interest paid to...
Posted by Tiffany Gaskin on 04/09/2022
The IRS requires 1099 forms to obtain information on various nonemployee transactions, including payments to freelancers and legal services. Sounds simple, doesn't it? Keep track...
Posted by Pat Raskob on 03/24/2022
Some of these fraudsters want all your money in one transaction, and others want to gradually drain you over a long-term period. Here's how to avoid a financial scam.Imagine your...
Posted by Income Taxes and Bookkeeping LLC on 03/17/2022
If you have rental property income, you will need to file the Internal Revenue Service (IRS) Schedule E ("Supplement Income and Losses") for landlords. The key to doing this...
Posted by BEST FINANCIAL GROUP LTD on 02/08/2022
When you file a federal tax return, you have the option of taking the standard deduction and itemizing your deductions. Due to changes in the tax code, many taxpayers now work with...
Posted by Dennis Jao on 02/08/2022
