To avoid paying taxes on their earnings, some individuals allocate some of it to their children by listing it in their names.However, the IRS caught wind of this and created a law...
Posted by CORE PERFORMANCE on 10/30/2021
There are many ways you can reduce what you will have to pay to Uncle Sam via tax credits and deductions for single moms filing taxes. You can use various strategies to reduce the...
Posted by Dennis Jao on 06/24/2021
It might make sense for married couples to file their taxes jointly to get the benefits that come with marriage. However, this is not always the case, as separate filing might be better...
Posted by Tiffany Gaskin on 05/18/2021
Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...
Posted by Pat Raskob on 04/30/2021
When you get married, everything about you changes and this includes your financial status, tax obligations, filing status, and so much more. Here are tips that can immensely...
Posted by Karen Munoz, EA on 04/21/2021
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
When starting a business, one of the first decisions you'll face is what type of business to register for. The type of business you choose will affect your taxes, obligations,...
Posted by CORE PERFORMANCE on 03/26/2021
The IRS does not require couples to file joint tax returns for the simple fact that they are married. Spouses have the option of filing separate marriage declarations, and some do...
Posted by The TaxAdvocate Group, LLC on 02/17/2021
The standard deduction can help you deduct thousands of dollars from your taxable income. What is it, and how do you claim it?It is never too late to start thinking about how you plan...
Posted by Unifirst Financial & Tax Consultants on 11/24/2020
