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
Every US citizen that wants to live in another country should consider learning what the Foreign Tax Credit Entails and how it works. It also applies to all citizens that desire to...
Posted by KLSM CPA Firm PLLC on 12/18/2021
It is pretty common for adult kids to care for their senior parents, which qualifies them to claim their parents on their tax return as a dependent. With this, they are eligible for...
Posted by Tiffany Gaskin on 11/29/2021
Lots of Americans qualify for a tax refund after filing their federal taxable income. For a typical individual, the average value is well over $2,500. Many taxpayers rely on this money...
Posted by Tiffany Gaskin on 11/21/2021
The Senior Tax Credit is a tax credit that could pertain to the returns on your tax as an elder or disabled (notwithstanding how old you are) and meet various income specifications....
Posted by Income Taxes and Bookkeeping LLC on 10/30/2021
Very few Americans, less than 35%, are aware of 529 college plans. Of this meager number of people, about 25% use the plans for higher education. Users might link tax-deferred savings...
Posted by Abundant Wealth Planning LLC on 10/24/2021
If you want to avoid extra taxes, penalties and interest due to the error or crime of your partner, an innocent spouse can help you. This article will explore essential things to follow. When...
Posted by Income Taxes and Bookkeeping LLC on 10/24/2021
Any tax advisor who is licensed to stand for you before Uncle Sam is called an enrolled agent. It could be when filing a tax return, taking care of an audit, appealing a fine or solving...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/03/2021
Unfortunately for guardians, moms and dads, you cannot deduct the fees for the ACT, SAT and several other entrance examinations for colleges. However, you get some educational tax...
Posted by Tiffany Gaskin on 08/30/2021
