In case you are still hanging tight for a tax refund on your federal income this year, here's one reason it may be postponed: the administration could have seized it. A similar...
Posted by Elliot Kravitz, ATP on 05/29/2019
Rejecting tax extension application through e-file or on paper isn’t really something that the IRS would do a lot of times. However, they have rejected tax extension applications...
Posted by Elliot Kravitz, ATP on 04/17/2019
Definition of Taxable Income:• Taxable income is the portion of your total income that is subject to taxation by the government....
Posted by True Tax Service on 10/30/2023
Single (Filing Status: "Single"):Definition: You can file as single if you are unmarried, divorced, legally separated, or widowed.Advantages: May be eligible for certain...
Posted by True Tax Service on 10/23/2023
Personal Information:Social Security Number (SSN): You and your dependents' SSNs are essential for tax identification.Filing Status: Determine your filing status (e.g., single,...
Posted by True Tax Service on 10/23/2023
Before hiring a financial professional, you must ensure the service provided meets your needs. Start by recognizing what you want, then use these ten questions to scrutinize the advisor...
Posted by CORE PERFORMANCE on 08/11/2022
Restricted expenditures are common among non-profit organizations. The money donated is to solve a specific program or was contributed to be used after a particular time or event like...
Posted by CORE PERFORMANCE on 07/12/2022
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
Sometimes a debtor could be overwhelmed by debt repayments and may need to negotiate for debt cancellation. If you get one, the IRS considers it an income, and it is taxable. That's...
Posted by CORE PERFORMANCE on 05/22/2022
