2021 was a special year for the CTC (Child Tax Credit). In 2022, the credit returns to the previous rules: it will be smaller, partially refundable, and no longer available to low-income...
Posted by Income Taxes and Bookkeeping LLC on 07/01/2022
Keeping old tax records can save you time and effort if you are audited or need to file an amended tax return. Previous tax returns can also help you document your income when applying...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/24/2022
Settling an estate means paying the final tax bill. You can use the usual tax forms and Internal Revenue Service guidelines to file taxes on behalf of a deceased person, but it is...
Posted by Taxes Made EZ Inc on 06/24/2022
You may be familiar with tax credits, but you may also be wondering: what are refundable credits and what are non-refundable credits?What is a refundable tax credit versus a non-refundable...
Posted by Abundant Wealth Planning LLC on 06/24/2022
Accounting and bookkeeping are vital functions for your business, but they are not the same, contrary to popular belief. To help shed some light on this topic, let's explain the...
Posted by KLSM CPA Firm PLLC on 06/24/2022
As a non-citizen of the United States or living abroad, filing a first-time tax can be challenging. You have no experience and what it takes to file tax for the first time correctly....
Posted by CORE PERFORMANCE on 06/24/2022
Certified Public Accountants (CPAs) are on the cutting edge of accounting. Whether you keep records in a small office or review IRS files, accounting is a broad field with many professions....
Posted by Abundant Wealth Planning LLC on 06/11/2022
If you run your business using a limited liability company (LLC), you will have more flexibility in how the IRS taxes your business profits.IRS Standard DesignationImmediately after...
Posted by James Financial Services Inc on 06/11/2022
As a taxpayer, you should be familiar with the current year’s tax return. You can request to check or change the information on the tax report after filing your assessment year...
Posted by Dennis Jao on 06/10/2022
