Couples who file a joint tax return are jointly liable for any tax debt. However, the law provides a way for a spouse to be relieved of a liability separate from his or her spouse....
Posted by Peter J. Marchiano, Jr., CPA on 02/14/2018
For most people around the world, January is the month where they get busy choosing what diet plans to take to lose the extra pounds they gained during the holidays. It’s a different...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 02/12/2018
If you run a business as a sole proprietor, don't expect to get out of paying taxes. You are still expected to pay them and there are some different steps when it comes...
Posted by J.R.'S TAX SERVICE on 02/12/2018
When you decide to make a charitable donation, the tax benefits of doing so are probably not at the top of your priority list. More likely, you are donating to the charity because...
Posted by Flynn Financial Group Inc on 02/12/2018
Perhaps one of the biggest misconceptions about the capital gains taxes on real estate is that the passing of the Tax Cuts and Jobs Act in late 2017 means that major changes are coming....
Posted by Lone Star Tax Group on 02/12/2018
With the passing of the Tax Cuts and Jobs Act in congress back in December, there will now be some considerable changes to the way we file our taxes for 2018. Yet despite these significant...
Posted by Flynn Financial Group Inc on 02/06/2018
When struggling with the filing personal taxes at the end of the year, we all find ourselves asking the same question: Should I itemize my return or opt for the standard deduction?...
Posted by ALJ Business Services,LLC on 01/18/2018
The biggest news about the Tax Cuts & Jobs Act (TCJA) that was recently passed by the U.S. Congress is that it has special deductions for business owners. If you have a partnership,...
Posted by Flynn Financial Group Inc on 01/11/2018
The end of the year is fast approaching and now is the time to start your tax planning. The good news is that no major tax law changes took place this year. However, taxpayers may...
Posted by Noel Lorenzana, CPA on 11/24/2017
