When it comes to buying and selling a car, cutting out the middleman has many advantages. Buying a car from a private seller usually comes at a lower price. Selling one will make you...
Posted by Abundant Wealth Planning LLC on 07/31/2021
Tax deferral involves taking a deduction and moving it to a previous year or deferring part of your income to a later year. You are not reducing your overall taxes but getting a benefit...
Posted by Abundant Wealth Planning LLC on 07/24/2021
Did you make a mistake in your tax return, or did you notice that you lost a valuable tax credit or deduction? You can file an amended return to effect the correction. Filing an amended...
Posted by Abundant Wealth Planning LLC on 07/17/2021
Independent taxpayers, such as independent contractors and sole proprietors, receive compensation based on the fees they charge their clients. They also incur work-related expenses,...
Posted by Abundant Wealth Planning LLC on 07/06/2021
By the time you reach or are close to 30 years, you need to start a long-term business, which means saving and increasing your financial resources through income, savings, ROI, retirement...
Posted by Abundant Wealth Planning LLC on 06/25/2021
There are many changes after the death of a loved one, including changes in tax obligations. Unfortunately, it's easy to be overwhelmed by these changes. There are new reporting...
Posted by Abundant Wealth Planning LLC on 06/18/2021
For people that have combined their finances with their partner over the years, having to file your taxes alone might be a shock. However, there is enough information to make filing...
Posted by Abundant Wealth Planning LLC on 06/11/2021
If you can't file your federal income tax return by the due date, you can usually get more time by requesting an extension. To avoid penalties, you will need to complete Federal...
Posted by Abundant Wealth Planning LLC on 06/06/2021
During tax filing, it is not compulsory to submit a receipt or any other paperwork to prove your deductions. However, when you get an audit deduction, you need to verify your expenses...
Posted by Abundant Wealth Planning LLC on 05/30/2021
