How to Receive a Charitable Tax Deductions
A tax-deductible donation is a contribution of money or goods to a tax-exempt organization, such … Read More
Tax Information
The FBAR (Foreign Bank & Financial Account Reporting)
It’s well-known that Americans living abroad should file US tax returns, but requirements such as … Read More
All About Schedule H (Form 1040), Household Employment Taxes
You’re likely to hire help at some point for tasks around the house, which makes … Read More
Tips for First Time Extension Filers in 2022
The federal income tax filing deadline this year is 18 April. You only have a … Read More
How and When to Report Tips for Tax Purposes
One of the best things about working in the service industry is the tips. Whether … Read More
Ways You Can Avoid or Reduce IRS Penalties
The goal of IRS penalties is to correct taxpayer behavior. Anyone can face an IRS … Read More
Difference Between Estate Taxes and Inheritance Taxes
Losing your loved one is a tragedy that needs time to heal, and the last … Read More
7 Money Saving Tax Tips for the Self-Employed
Self-employment means being your own boss. However, running your own show also comes with some … Read More
How Are Unemployment Benefits Taxed?
Federal and state income taxes apply to unemployment benefits, but the process isn’t always straightforward. … Read More
IRS Letters: How to Differentiate Real from Fake
Have you received a tax notice from the IRS? The Internal Revenue Service (IRS) sends … Read More