Blog Posts
TAX FACTS
You aren’t alone in paying taxes, but not everyone does. Based on the latest data compiled by the IRS in 2018, what follows are a few facts about your fellow filers. In 2018, 144.3 million Americans reported earning $11.6 trillion in adjusted gross income and paid $1.5 trillion in individual […]
Use Your Tax Refund to Save on Car Shopping.
(StatePoint) Like many other people, you probably have taxes on your mind right now. Figuring out if you have a tax refund coming your way can be an exciting time. But tax season doesn’t have to be all about crunching numbers and filling out forms. “If you’re in the market […]
Want to work overseas? Protect your paycheck from Uncle Sam
A number of decisions go into choosing a career path, especially if you want to work overseas for a private organization. Sometimes, even the best assumptions of an expat life don’t materialize. Your money, however, is a cut and dried situation, and before you go toodling off to Timbuktoo, you’d […]
How to Avoid an Audit
Whenever a letter arrives from the IRS what goes through your mind first? Audit, right? No one wants to see that request for documents. According to a recent CNBC story, The IRS closed over 450,000 individual audits in Fiscal 2020, roughly .29% of those filing. Your best bet, therefore is […]
For American Taxpayers Living Abroad: What To Look For In An Expat Tax Preparer
If you are an American expatriate outside of the US, you must file your taxes every year. The process may seem very overwhelming at first, but there’s good news! First, you don’t have to do it alone. Many tax preparers stateside specialize in helping expats like yourself with their tax […]
When It’s Time To Hire A Bookkeeper, Here’s What To Expect
No matter how large or small your company is, it is vital to manage its financial transactions. While managing your business’s income and expenses on your own may sound easy, some business owners make the mistake of thinking they can get away with do-it-yourself bookkeeping for the foreseeable future. The […]
Should you opt-out of the Advanced Child Tax Credit? Deadline Monday, June 28!
The IRS recently sent out a letter notifying you of how these advance child tax credit payments work. They also advised you at the bottom of the letter on how to opt-out of this program for those who would prefer to receive a larger refund (or lower tax liability) with […]
New Considerations For Your 2020 Tax Filing
When you get ready to file your federal tax return there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund you may receive. Do any of these apply to you? Recovery rebate […]
Back To School Tax-Saving Tips
As we all prepare for a new and interesting school year, here are some simple actions you can take to ensure you are maximizing savings opportunities on your 2020 tax return. Childcare Payments Hold on to your receipts! The CARES Act has provided several provisions to how taxes have been […]
Important Tax Filing Updates Due To Covid-19
The IRS has extended the filing deadline and federal tax payments regardless of the amount owed in response to the COVID-19 outbreak. The tax filing due date has been automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April […]