Tax Credits vs Tax Deductions When it comes to filing taxes, credits and deductions are two fantastic ways to save money. However, you have to know how to use each mechanism properly in order to save money effectively. So, how do you use tax credits and tax deductions? Tax credits are subtracted from your total […]
What is a Tax Preparer? A tax preparer is a professional that is qualified to calculate, file and sign income tax returns on behalf of individuals and businesses. They can also be a representative of taxpayers during IRS examinations of tax returns. This profession may have several sort of job titles, along with different certifications […]
Individual & non-corporate filers can defer federal income tax by 90 days, up to July 15,2020 The April 15th deadline to submit tax returns has not changed, unless you request an extension. If you are anything like us, we have been watching the news very carefully trying to follow along with the information regarding the April 15th, […]
It is mandatory in the US to file personal income tax every year on April 15. We take a deep research into matters of tax extension; putting into perspective the founding of tax extensions, why tax extensions exist and how they have helped US citizens. Income tax was introduced in 1861 with a sole reason […]
As you are paying and preparing our taxes online you may realize that you need to file an extension. Sometimes it happens because you have a financial situation where we may not be able to pay on time, sometimes you may have lost your job due to economic problems, so you want to save your […]
The substantial amount of time and energy spent on filing tax returns is one of the main reasons so many put it off. In addition to procrastination and negligence, in most cases, people do not file their tax returns before April 15, either because they fall into their busy schedules or wait for all the […]
Tax fraud is the act of purposely misrepresenting your income or assets on your tax return to avoid or reduce the amount of taxes you owe. Here in the United States, tax fraud charges should be taken very seriously they can result in substantial civil penalties or jail time The Internal Revenue Service (IRS) is […]
