If you’re a business owner and you think absconding with the IRS’ money is the best way to avoid paying taxes, we’d advise you to seek a legal and less dangerous root because that path is quite steep. Skipping the…
Everyone seems to be a tax expert on social media when it comes to taxes. If you seek tax advice, you'll get it in a high dose from anyone who cares, but with ever-changing tax laws, it can be hard…
The only thing that ruins the charming spring mood for you is the tax season. We know planning for the tax season can be frustrating, especially when you run a business. Even worse, if there's one thing different about the…
Which are you? A typical business owner who just pays whatever they take out as taxes and never looks into ways to keep their money, or an extraordinary business owner who knows that every penny counts toward building a successful…
For very few business owners and investors, filing tax returns and paying their taxes is like a walk in the park, but taxes can be a bore for many others! But tax calculator tools can help! Every tax season, we…
You know what they say about time flying; it's absolutely true for 2023. The year is gradually closing in. Just last week, it was January, and now it's March. Do you know what else is closing in? The tax deadlines.…
Taxes come in a lot of different places and the cost of living has a lot of variables in it. As you plan to retire, it’s only normal to cut costs by searching for tax-friendly states to retire. Many retirees…
The IRS expects you to pay your taxes by April 15, and if you're late, the IRS can charge a penalty or interest. The agency also allows several payment methods to ease the tax payment process, from credit cards to…
This new year has got a lot of people worried about their finances. And why not? Inflation is on the rise, and tax credits are getting lesser. There's almost no respite anywhere at all. However, if you are a Social…
President Biden and the Federal Emergency Management Agency (FEMA) have recently declared a federal disaster area in California. This disaster is due to intense flooding, winter storms, and mudslides that began on January 8, 2023. This declaration permits the IRS…
What’s this news going around about abolishing IRS and eliminating income tax? Just last year, the Biden administration granted $80 billion in funding to the IRS and increased its manpower by 87,000 new agents to be able to cater to…
Let’s face it, with the new tax law changes for this tax season, there’s a higher possibility that you might be getting a smaller refund or bigger bills. According to the IRS, taxpayers should brace themselves for smaller refunds because…
When you ask a tax strategist about one of the best ways to generate passive income, you'll be advised to consider Airbnb. Owning an Airbnb gives you a higher potential return on investment. So whether you are just starting a…
It seems like 2023 will be a better year for Americans who are concerned about the dangerous effect of climate change and the staggering effect of inflation. From the newly released inflation adjustments with a wider tax bracket that could…
2022 has been a financially difficult year for everyone. Everything is expensive, from the value of stocks to your favorite fast-food restaurants. While inflation adjustments for tax could be a lifesaver, will it be enough in 2023? Is there light…
