Dear client, Can having a family reduce your taxes? If you’re no longer on your own as a single taxpayer, you may end up owing less tax. Let’s take a look: Add Your Family Make sure you clearly
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Dear client, The extension deadline for 2022 returns is approaching. This applies to any person or business who has yet to file a return for tax year 22. The deadline date for business returns is September 15th, 2023.
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If you’re looking to sell your home this year, then it may be time to take a closer look at the exclusion rules and cost basis of your home to reduce your taxable gain on the sale. The
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Who is a Household Employee? The “nanny tax” rules apply to you only if (1) you pay someone for household work and (2) that worker is your employee. A household employee is someone who does work in or
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What should you do if your state says you didn’t file a tax return? The Best Strategy Is To Be Proactive eFile your return and keep the receipt that shows it was processed. If you mailed, either mail
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If you find yourself behind on paying back taxes, we recommend you take immediate action to attempt to mitigate the damage. Here are our top tips for what to do when you owe back taxes: 1. File an
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