Everyone with estate or trust will have an income, which will reflect on Form 1041 - United States Income Tax Return for Estates and Trusts. Beneficiaries of trust and estate that...
Posted by The TaxAdvocate Group, LLC on 01/07/2021
We define backup withholding as a form of federal tax withholding on income that wouldn't usually require tax withholding. While some forms of income are not subjected to taxes,...
Posted by The TaxAdvocate Group, LLC on 12/31/2020
2021 is right around the corner, but there is still a short time to lower your 2020 tax bill, increase your savings, help your community, and secure your financial future in the process....
Posted by The TaxAdvocate Group, LLC on 12/25/2020
Every year, many self-employed citizens and part-time workers feel they might not have to pay tax on their earnings. However, there is no specific rule that specifies the minimum one...
Posted by The TaxAdvocate Group, LLC on 12/15/2020
Many forms of retirement benefits like annuities and pensions are reported on Form 1099-R. As long as you get a $10 or more distribution on your retirement plan, you will get copies...
Posted by The TaxAdvocate Group, LLC on 11/30/2020
All the cost you incur while on a business trip away from home qualifies you for an impressive business expense deduction. There are, however, a lot of rules you must follow, or you...
Posted by The TaxAdvocate Group, LLC on 11/24/2020
Even though the TCJA of 2017 hit several small businesses, a couple of these businesses enjoyed relief. While many enterprises want rate change and extra deductions, wine producers,...
Posted by The TaxAdvocate Group, LLC on 11/16/2020
The 1031 Exchange, alias Like-Kind Exchange or Starker Exchange, is a powerful tax deferral strategy used by some of the most successful real estate financial investors. This may be...
Posted by The TaxAdvocate Group, LLC on 11/04/2020
There are many reasons you may wish to close your business. At The TaxAdvocate Group, LLC., you can get the help you need to tie up all loose ends and close up shop, properly. ...
Posted by The TaxAdvocate Group, LLC on 10/27/2020
