Most tax practitioners are familiar with reasonable cause as the basis for penalty abatement. But many often overlook another important reason for penalty abatement: the so-called...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2022
The idea of an estate tax, or inheritance tax, as it is sometimes called, strikes fear in many Americans. It is understandable, although the truth is that most people will never come...
Posted by BEST FINANCIAL GROUP LTD on 05/27/2022
The federal income tax deadline was April 18, 2022. If you need some more time, you can get an income tax extension by filing IRS Form 4868. This gives you until October 17, 2022,...
Posted by Dennis Jao on 04/24/2022
Nobody likes to do their taxes, but the task is even more difficult when preparing returns for the death of a spouse or a death certificate. If you are preparing a 1040 federal tax...
Posted by Taxes Made EZ Inc on 02/15/2022
Today, relatively few Americans itemize deductions on their tax returns. You can claim either the standard deduction or the itemized deductions, but not both. And, of course, you always...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/08/2022
When thinking about filing your taxes after a divorce, you might want to know how taxes are going to change. The impact of divorce on federal taxes is not as large as it used to be.Each...
Posted by BEST FINANCIAL GROUP LTD on 12/10/2021
In the United States, an engagement ring indicates an engagement between two partners and indicates one's intention to marry later. Because engagement rings are often made of metals...
Posted by Tiffany Gaskin on 12/10/2021
The federal income tax deadline has passed. However, some taxpayers have not filed their 2020 tax returns or have not paid their taxes.If a taxpayer qualifies for a refund, there is...
Posted by Dennis Jao on 07/24/2021
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
