The Restructuring and Reform Act of 1998 marked a change that mandated Uncle Sam to adjust how it treated taxpayers. Uncle Sam must fully communicate with taxpayers and grant them...
Posted by Karen Munoz, EA on 12/18/2021
The executor, most of the time, is charged with filing the state and federal income tax return for the deceased at the year of death. The surviving spouse is responsible if they file...
Posted by Karen Munoz, EA on 12/10/2021
There is no dodging of social security taxes for many people for their employment and self-employment taxes. However, there are exceptions to these groups of people.You cannot dodge...
Posted by Karen Munoz, EA on 11/30/2021
To avoid paying taxes on their earnings, some individuals allocate some of it to their children by listing it in their names.However, the IRS caught wind of this and created a law...
Posted by CORE PERFORMANCE on 10/30/2021
As a sole proprietor, you are solely responsible for your business. You will need to encounter additional tax and reporting requirements, but you may also be eligible for certain tax...
Posted by CORE PERFORMANCE on 10/24/2021
Your tax payment as an independent contractor could be a little tricky. You must file extra forms, ensure you pay Uncle Sam enough in the year, and pay your self-employment tax. Who...
Posted by Karen Munoz, EA on 10/19/2021
If an individual meets the criteria for foreign income exclusion, they can enjoy this tax benefit. This exclusion also entails the foreign housing exclusion and the foreign housing...
Posted by CORE PERFORMANCE on 10/09/2021
When setting up a business venture, you've got to think about various things to get done, and your taxes are at the top of the list. You must carry out proper research at the initial...
Posted by CORE PERFORMANCE on 09/30/2021
Also known as EITC or EIC, the Earned Income tax Credit is a refundable credit, meaning that if you owe no tax and you qualify, you will get the value of the credit. The idea is to...
Posted by Karen Munoz, EA on 09/03/2021
