It’s not every day that the words “Expatriate Tax” cross your path. Generally speaking, it’s not the most common of tax situations even if you’re a tax preparer. If you already...
The first step when it comes to filing your federal tax return is going to be deciding just how you’re going to file. The first major question you’ll need to ask yourself is “Should...
Hello everyone, this is Book 2 Tax here explain how to minimize your income tax losses this year. Virtually no one wants to be subject to more taxes, but do you understand the...
Life is always in a state of flux. People get married and divorced daily, children are born and other family members become dependent on us as we seek to take care for them. There’s...
April 16, 17, 18…and you have not filed your tax return. Clearly you have passed the annual deadline for filing your federal income tax return and pay the taxes you owe. By law,...
What Is The ILIT? The ILIT is short form for Irrevocable Life Insurance Trust. As its name implies, once constructed this trust fund is not revocable, nor may you...
North Carolina income taxes differ slightly from the income taxes of the surrounding states. For instance, North Carolina used to allow taxpayers to take all the itemized...
For those people who do not receive a tax refund, but actually owe the IRS money, the idea of a tax levy being placed on them can be crippling. If you believe that this may happen...
Many of us know that taxes vary from state to state and the deductions for each state vary as well. Not only does the state account for the cost of living, but it also accounts for...