If you haven't filed a tax return for several years, you should probably file your past-due tax returns as soon as possible. There are consequences for not filing taxes.What are...
Posted by Abundant Wealth Planning LLC on 01/09/2022
When filing a tax return each year, taxpayers may have different goals in mind. Some may want to reduce the amount of tax owed, seek a refund as much as possible, or avoid paying more...
Posted by The TaxAdvocate Group, LLC on 01/01/2022
If you have kids or other dependents under the age of 17, you may be eligible for the child tax credit. It was extended as part of the American rescue plan, which was signed by President...
Posted by Dennis Jao on 01/01/2022
The USA is a party to more than 60 bilateral tax treaties. Under its tax treaties, U.S. citizens and residents may be entitled to tax benefits, such as exemptions from certain income...
Posted by The TaxAdvocate Group, LLC on 12/27/2021
An OIC (Offer in Compromise) is a payment option that the IRS makes available to taxpayers. It enables you to pay off your tax debt without "going bankrupt" or "breaking...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/18/2021
What is a consolidated tax return?A consolidated tax return is a corporation tax return for a group of affiliates that choose to report their combined tax payable in one tax return....
Posted by Dennis Jao on 12/18/2021
When you have delays in paying income tax, the IRS may allow you to set up a repayment plan, called an installment agreement, to get you back on track. However, it is up to you to...
Posted by The TaxAdvocate Group, LLC on 12/10/2021
If you've taken a break from the Required Minimum Distributions (RMDs) in 2020 due to the CARES Act, we hope you had a great vacation and are ready to come back and update your...
Posted by CORE PERFORMANCE on 12/10/2021
In the United States, an engagement ring indicates an engagement between two partners and indicates one's intention to marry later. Because engagement rings are often made of metals...
Posted by Tiffany Gaskin on 12/10/2021
