In general, all salaries and other compensation for services rendered in the United States are believed to be from sources located in the United States. The place where the personal...
Posted by The TaxAdvocate Group, LLC on 01/09/2022
With the tax season just rounded up, everyone wants to know the magic trick to reduce their tax burden. But terms like credits, exemptions, and deductions often have a nebulous meaning...
Posted by Abundant Wealth Planning LLC on 11/04/2021
Every taxpayer needs to ensure they get all the credits and deductions that they qualify for, as this is the only way to legally reduce your tax bill. Uncle Sam does not care...
Posted by Karen Munoz, EA on 09/26/2021
The summer months are always busy as it is a time to unwind and enjoy a much-needed break. However, while on your vacation, you also want to keep a keen eye on your income taxes because...
Posted by James Financial Services Inc on 08/06/2021
Young families should make these changes throughout the year to keep their taxes low. Here are the areas you should be looking to save:Give yourself a raise.If you received a huge...
Posted by Income Taxes and Bookkeeping LLC on 08/06/2021
Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...
Posted by Pat Raskob on 04/30/2021
If you are moving to a foreign land to settle, start a new job, or even set up a business, the US Expat taxes might qualify you for some tax exclusion. One, however, needs to apply...
Posted by Pat Raskob on 04/06/2021
Uncle Sam knows that many taxpayers are trying to limit or completely get rid of their federal income tax. They do this by claiming that all forms of compensation and funds received...
Posted by Income Taxes and Bookkeeping LLC on 02/28/2021
As a U.S. citizen or U.S. Resident Alien, you must pay taxes on your worldwide income. Suppose you are not a resident of the United States or its territories or have income in the...
Posted by James Financial Services Inc on 02/23/2021
