92. The Pros and Cons of filing a Tax Extension
The saying that something is better late than never applies perfectly to filing your taxes with the IRS. If for some reason you cannot...
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Jan 13, 20232 min read
91. TAX SEASON IS HERE!
As you prepare for the tax season, Often, clients tell me they are waiting to receive their 1099’s – but that is wrong! No need to wait...
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Dec 9, 20221 min read
87. HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES
HERE’S HOW YOU CAN SAVE THOUSANDS IN TAXES… The American tax system can be confusing and overwhelming, not only to new citizens but also...
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Nov 28, 20227 min read
86. How to Pay Your Medical Expenses TAX FREE!
How to pay your medical expenses TAX FREE! Health Savings Accounts (HSA) Start saving more on healthcare. A Health Savings Account (HSA)...
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Nov 22, 20221 min read
85. Difference between E-File and Paper File
Over 82 million individual taxpayers file their taxes electronically in 2021, It is 92% of all U.S. Taxpayers! Why E-filing is so...
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Nov 18, 20221 min read
84. Where Americans pay less in state income taxes
While individuals and businesses in all 50 states pay federal income tax, residents in 41 states also pay state income tax. Seven states...
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Nov 17, 20222 min read
83. Rental Property Deduction Checklist for Landlords
Owning a rental property is a huge part of the American dream. Renting out a residential property can be a solid investment, but there...
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Sep 30, 20223 min read
82. Do I Need to File a Federal Tax Return?
You might be wondering if you need to file a tax return. While most people who earn an income must file a Federal income tax return, that...
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Aug 31, 20223 min read
80. A Complete Understanding Of Tax Responsibilities Of Independent Contractors
Who is an Independent Contractor? An independent contractor is a person or entity contracted to perform work or provide services to...
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Aug 28, 20221 min read
78. Why You Should Get an HSA Account
Dear Friend, I recently saw an article on Facebook mentioning Donald Trump’s HSA, or Health Savings Account. I was glad to see people...
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Aug 16, 20223 min read
77. What Do Social Security Taxes Mean?
A Social Security tax gets collected from employees and employers in the United States. This money funds a program of the same name...
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Aug 15, 20223 min read
76. Clue Moments of Taxation for Green Card Holders Living Abroad for More than 1 year
Since you are Green Card holder or in other words a “lawful permanent resident”, you face the same range of tax and disclosure...
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Aug 14, 20223 min read
75. Medicare Information Reference Guide
Medicare is a federal health insurance program in the United States that is for several different groups of people. Most individuals...
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Aug 13, 20223 min read
74. Looking for an Accountant You Can Trust?
Top 7 questions you must ask your accountant: 1. What information do you need from me? You must come prepared for an accounting...
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Jul 28, 20224 min read
71. How to open a Bank Account for Minors
Nowadays it is a must to have a bank account and it is never too early to start saving money and teaching kids how to manage income and...
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Jul 26, 20222 min read
70. Why You Should Pay Your Children Under Age 18?
In case you haven’t considered it, hiring your children may be the easiest and legitimate way to cut your taxes. In this article, I am...
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Jun 22, 20221 min read
67. Don’t Waste Money on Penalties!
Don’t waste money on penalties! Penalties apply when you owe taxes or did not file a tax return or extension. Keep in mind that the...
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Jun 16, 20224 min read
66. 1040x Amended (Corrected) Tax return. True Stories (All names are changed)
Important! You can correct your taxes for the last three years! Story 1 Clients Alice and Erik came to our office with a recommendation...
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May 13, 20224 min read
65. Why the IRS Audits You and What to Do if You Are Audited?
If you just received a notice that your taxes are being audited: what does it mean? A Tax Audit is an accounting procedure where the IRS...
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May 12, 20221 min read
64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.
What to do: Verify why exactly the IRS sent you a letter. The agency categorizes notices to: – information letters (the agency wants to...
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