Throughout all the major life events, from getting married and buying a house to becoming parents and retiring, taxes play a significant role in your life. Once you understand how these life events affect your tax returns, you can take advantage of it. Adopting a Child You can ask for a 100% tax credit for…
The IRS audited nearly 9.8 million taxpayers in 2018 alone, despite the reports of a rapidly shrinking staff. You may think that the IRS is only interested in the big fish (aka corporations) but the reality is, you just never know. The best way to make sure you don’t become subject to an audit is…
If this is your first time filing tax returns, you may be feeling overwhelmed with what is taxable and what is not. With the return filing deadline less than 100 days away (April 15th, 2020), it is important for you to understand how much of your income is taxable. What is taxable income? The amount…
The deadline to file your 2019 taxes is fast approaching (April 15th, 2020), but if for some reason, you think you will need more time to file your returns, it is critical that you file a tax extension. With the help of an extension, you can easily get 6 additional months from the IRS to…
The IRS offers many tax-break programs to help people pay for medical expenses. Known as the tax-favored health plans, these programs are designed to help you (and your family) cover the medical, vision, dental, and prescription expenses. Read on to learn more about these plans. 2 Tax-Favored Health Plans to Maximize Your Tax Savings Health…
Realtor Assistance Program Originally Posted on February 16, 2011 Our Realtor Assistance Program provides a resource for real estate professionals to distinguish themselves from other realtors. Become your client’s hero and realize more sales by partnering with us to answer questions like these for your clients: How will a home purchase impact your client’s tax return?…
Tax Planning & Tax Prep
