If you are moving to a foreign land to settle, start a new job, or even set up a business, the US Expat taxes might qualify you for some tax exclusion. One, however, needs to apply...
Posted by Pat Raskob on 04/06/2021
What is married filing separately?Married filing separately is a tax law for couples who choose to file their taxes, income, and deductions on separate tax returns. There is a potential...
Posted by Raven Skylar Tax & Consulting, LLC on 03/29/2021
Eligibility: In the event of a deficiency, the deficiency and any additional penalties must not exceed $50,000. In a collection action, the total amount of unpaid taxes, including...
Posted by Daniel P Vigilante CPA and Profit Consultants on 02/17/2021
Low to moderate-income individuals can get massive relief from federal tax credits to cushion their tax or maximize their refunds. We will discuss some of those tax credits that can...
Posted by International Tax Consultants, LLC on 02/17/2021
There are several ways to reduce the tax burden. However, the two most popular are probably tax credits and tax deductions. While they may look the same, they are two very different...
Posted by KLSM CPA Firm PLLC on 02/09/2021
Tax relief is any policy or program from the government to reduce the taxes paid by businesses and individuals. This relief might be universal, or it could target a specific group...
Posted by Thomas G Kinsella, ATP on 02/05/2021
You might have a home where you stay for some time in a year while you rent it for the other part of the year. Doing this means you have to prorate the incurred expenses between rental...
Posted by Tucker Accounting Services LLC on 02/04/2021
Marriage planning is an important event that many dream of, but one element is often overlooked during the preparation process: taxes. If you are planning that special event and haven't...
Posted by McCool's Tax Service on 01/31/2021
In the previous years, people who paid for college qualify for the lifetime learning Credit, American Opportunity Credit, or the tuition deduction. The most valuable of these is the...
Posted by The TaxAdvocate Group, LLC on 01/30/2021
