Employees have their taxes withheld by their employers. So, how do the self-employed pay? The self-employed pay estimated taxes quarterly by due dates to the IRS. This way, they can...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/22/2022
Selling a small business or company means income, and income denotes taxes. But how you structure your business can make a big difference in how much of the money gotten from the sale...
Posted by BEST FINANCIAL GROUP LTD on 05/22/2022
The real estate planning world, the financial planning world, and parliamentarians considered several significant estates and gift tax changes at the end of 2021. The Biden administration...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/10/2022
There are many real estate-related tax benefits; however, additional benefits are available to those who qualify as real estate professionals. While it may seem daunting to take the...
Posted by Abundant Wealth Planning LLC on 05/10/2022
There's a new guide to early IRA retirement that pre-retirees need to know. It changes the interest rate on early withdrawals and allows you to switch methods. IRAs are great planning...
Posted by Dennis Jao on 05/09/2022
The Earned Income Tax Credit, or EITC, provides tax benefits to low- and middle-income workers and families. Credit range from $1,502 to $6,728 for fiscal year 2021 and $560 to $6,935...
Posted by Income Taxes and Bookkeeping LLC on 04/30/2022
As an expat, you are constantly reminded that you must file a federal tax return each year to comply with the IRS. However, an equally important requirement for some expats can easily...
Posted by Tiffany Gaskin on 04/24/2022
The real estate market is an ever-changing market that affects our economy by buying, selling, renting properties, among other business opportunities. We often hear about sales profits,...
Posted by Rosovich & Associates, Inc. on 04/24/2022
Donations to qualified charities are tax-deductible and can reduce your taxable income, which can help you reduce your tax bill. You may need to itemize your tax deductions in detail...
Posted by Pat Raskob on 04/17/2022
