Articles - Page 107

Here are the 11 Ways you can use to save on Your Taxes This Year

AccountantIt is officially tax time – a crucial time to reminisce the previous year with an eye toward maximizing tax credits and deductions and significantly lowering your tax burden....

Understanding the Tax Schedule and When to Use It

The subject of tax is not the most pleasant for many. Though it is what some people live by. Yes, the tax preparer downtown, the CPAs around town and every other tax professional you...

Expatriate Taxes

Taxes will always be a headache. No matter how familiar you are with the tax laws you will never really be up for Caesar's gnawing demands. The Brian Walsh in Mahwah NJ, we know how...

Your One Stop Guide to Tax Form 1040

Of all the forms involved in filing your tax return, tax form 1040 might just be one of the most important. This form is one of a few that helps you file your annual federal taxes,...

IRS Tax Liens

If you owe the Internal Revenue Service a large amount of money from previous tax years, and have not answered correspondence or started a payment plan, you may end up with a lien...

Dividend Income

If you received dividend income for 2015, you will need to report this income to the IRS and to the State of Maryland.  Dividend income is divided into two categories by the IRS,...

Your questions answered about Expatriate Tax

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...

Hello everyone! This is Donna from Donna J. Jackson & Associates, PLLC. It seems that topic on everyone’s minds these days: how can I get more tax savings? I think we can all...

Rules for foreign currency transactions

Rules for determination of amount, timing, character and source of foreign currency gains and loss are present in code section 988. Following transactions are included in code section...