Student loan interest deduction talks about an income tax deduction that gives borrowers the capacity to remove up to $2500 on the interest they paid on a student loan that qualifies...
Posted by Rosovich & Associates, Inc. on 12/27/2021
An OIC (Offer in Compromise) is a payment option that the IRS makes available to taxpayers. It enables you to pay off your tax debt without "going bankrupt" or "breaking...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/18/2021
When you change your location, many entities need to be updated on such status changes – credit card firms, fitness memberships, magazine subs, etc. There is a big probability...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/10/2021
The filing status you choose can significantly affect what you eventually owe Uncle Sam. In terms of filing status, all taxpayers have five choices and what you pick affects you...
Posted by Rosovich & Associates, Inc. on 12/10/2021
One of the most important things one need not joke with is a credit score; especially if you have needs that involve borrowing money. Refusal to pay a debt might reduce your...
Posted by Rosovich & Associates, Inc. on 11/28/2021
It is common for many people to fear the almighty IRS and think of them as supreme and terrifying. As a result, dealing with Uncle Sam might be a frightening endeavor, and many people...
Posted by Rosovich & Associates, Inc. on 11/21/2021
Those who cannot withhold federal taxes from each paycheck must pay taxes quarterly.United States income tax operates on a pay-as-you-go system, in which the federal government collects...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/11/2021
Form W3 from the IRS is a summary of your employee's earnings and tax deductions. Everyone needs to file form W3 with the SSA (Social Security Administration), as they use it to...
Posted by Rosovich & Associates, Inc. on 10/30/2021
The legality of marijuana in many American states is questionable. However, medical marijuana can easily be obtained via a doctor’s prescription and is legal in 34 states. Also,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/24/2021
