All workers and employers in the service industries where tips occur should abide by the relevant tax rules. One needs to pay income tax, Medicare tax, and Social security taxes on...
While many people dread the tax season, we all eagerly look forward to our tax refund from the IRS.Even though typically, the Refund should be around within three weeks, it varies...
If you need to file for an individual federal income tax return, you will now use the IRS Form 1040 or 1040-SR for Seniors. The other alternatives above: Forms 1040A and 1040EZ ended...
Do I need an ITIN? If so, how do I get one? Does it expire? What do I need to know about ITIN and my tax return? These are frequently asked questions that arise each year as tax season...
What are the advantages and disadvantages of investing in the stock market? Historically, the stock market has provided investors with generous returns over time, but the stock markets...
Posted by Daniel P Vigilante CPA and Profit Consultants on 04/09/2021
The IRS has issued guidelines on the denial and revocation of passports due to serious tax violations. The IRS must notify the State Department when a person has a "serious"...
What is an IRS audit?The IRS may choose to examine the taxpayer's accounts and financial information to ensure that all tax laws are followed. Even though the IRS only verified...
Posted by James Financial Services Inc on 04/09/2021
We look forward to all kinds of days throughout the year, like birthdays, wedding anniversaries, the Friday before a three-day weekend, Public holidays, etc. However, for the goal...
Millions of Americans are rejoicing at the increase in their bank accounts: The IRS sent 90 million direct stimulus deposits that started reaching bank accounts on March 17.But if...