When the end of the tax year rolls around, and taxpayers in the U.S start to think of filing their tax returns, the form 1040 is the go-to form. There are some variations to it, however....
Posted by Income Taxes and Bookkeeping LLC on 01/01/2022
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
What is a TSP (Thrift Savings Plan)?A TSP is a type of pension investment program open only to federal employees and uniformed military personnel, including Ready Reserve. It is a...
Posted by James Financial Services Inc on 12/27/2021
Since 1955, tax days in the United States have fallen on similar days with a few exceptions. Even though Uncle Sam was lenient enough to take the pandemic into account and extend the...
Posted by Tiffany Gaskin on 12/27/2021
A leveraged loan is a high-risk loan for borrowers who have a lot of debt, bad credit, or both. Lenders usually charge higher rates of interest because the risk of default is higher....
Posted by Unifirst Financial & Tax Consultants on 12/27/2021
The IRS and state tax departments can perform tax audits. The following information is based on IRS tax audits, but keep in mind that most state audit processes and procedures are...
Posted by The TaxAdvocate Group, LLC on 12/18/2021
For everyone struggling with a series of credit card debt, consolidating such debt might be the best approach to bring down the interest and reduce your monthly payments. It is, however,...
Posted by Abundant Wealth Planning LLC on 12/10/2021
Bankruptcy is not a pleasant experience and is often caused by different reasons. However, apart from the disadvantages bankruptcy may bring, such as ruined credit, it can also offer...
Posted by KLSM CPA Firm PLLC on 12/10/2021
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
