The worst and last correspondence anyone expects from Uncle Sam is a notice of audit. It gets pretty complicated if there are no records like receipts and documentation of any sort...
Posted by Thomas G Kinsella, ATP on 05/06/2021
One of the advantages of having a child comes to play when it is tax time as one can qualify for some money. On March 10, 2021, the American Rescue Plan Act was signed, which added...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 04/30/2021
There are situations in which multiple parties claim the same dependent. For example, in divorced cases, a child may be claimed as a dependent by both parents. In general, only one...
Posted by James Financial Services Inc on 04/27/2021
The term "tax credit" means something good to some business owners, while some are unsure what the term means or how tax credits differ from tax deductions.As we dig in deeper,...
Posted by Aurelia E Weems CPA on 04/27/2021
It is normal to wonder when Uncle Sam will send your tax refunds if you have filed your taxes for the year. The IRS reveals that nine of ten taxpayers that file electronically can...
Posted by Pat Raskob on 04/26/2021
Expats, short for expatriates, are people who are based in a country other than their home country. It is sometimes believed that these people have denounced their country and decided...
Posted by CORE PERFORMANCE on 04/26/2021
Even though an electric vehicle might be a costly investment, it might qualify one for some financial incentives, which could mean some cash back to the owner. Everyone who qualifies...
Posted by Thomas G Kinsella, ATP on 04/15/2021
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...
Posted by Taxes Made EZ Inc on 04/09/2021
Tax credit for other dependents is a system designed by Uncle Sam in which relations (nuclear and extended families) can qualify for tax credits. With this credit, taxpayers can get...
Posted by Pat Raskob on 03/31/2021
