It is easy to desire the benefits your friends enjoy in paid employment when it is time for tax. As someone self-employed, you will do a lot of record-keeping while they only fill...
Posted by Pat Raskob on 01/01/2022
Student loan interest deduction talks about an income tax deduction that gives borrowers the capacity to remove up to $2500 on the interest they paid on a student loan that qualifies...
Posted by Rosovich & Associates, Inc. on 12/27/2021
The executor, most of the time, is charged with filing the state and federal income tax return for the deceased at the year of death. The surviving spouse is responsible if they file...
Posted by Karen Munoz, EA on 12/10/2021
We will present several examples comparing scenarios of non-S Corps, such as sole proprietorships, single-member (one-person) limited liability companies (disregarded entity), and...
Posted by BEST FINANCIAL GROUP LTD on 11/04/2021
No one is above mistakes. You might file your tax and discover some errors or miss some breaks; you usually make amends by filing an amended tax return. There is a grace period of...
Posted by Karen Munoz, EA on 10/24/2021
15% of family income must be invested to build wealth to prepare for a strong financial future. You are the CEO of your retirement, and it's up to you to take control! But if you...
Posted by The TaxAdvocate Group, LLC on 10/18/2021
Every taxpayer needs to ensure they get all the credits and deductions that they qualify for, as this is the only way to legally reduce your tax bill. Uncle Sam does not care...
Posted by Karen Munoz, EA on 09/26/2021
Many seniors use savings bonds for good reasons. However, they still provide an incredible way to help pay for the college expenses of a young person. Understanding College Savings...
Posted by Pat Raskob on 09/20/2021
Every new retiree should ensure that they take full advantage of all tax breaks they get, especially if they are on a fixed income. Don’t forget that you need to confirm your...
Posted by Karen Munoz, EA on 09/20/2021
