Tax Law
If you’re reading this, it means you’ve realized that you need to take care of a past-due tax return. Don’t worry – it’s not too late! The IRS has systems in place to help people file their taxes late. Here are the steps you need to take: Gather your paperwork....
Tax Law
When it comes to car expenses and tax deductions, there are two main methods you can use: the standard mileage method or the actual expenses method. Let’s take a closer look at each of them. The standard mileage method allows you to deduct a certain amount per...
Tax Law
At year-end, when mutual funds owned by individuals make distributions, taxpayers frequently get unpleasant tax surprises. This might happen for a variety of causes, but one frequent reason is that the fund sells some of its assets at a profit. When this happens, the...
Tax Law
Filing your taxes can be a daunting task, especially if you’re doing it for the first time. There are many things to consider, like what tax bracket you fall in and what deductions you’re eligible for. For kids who want to file their own return, it’s...
Tax Law
The Social Security Administration announced a 5.9 percent boost to monthly Social Security and Supplemental Security Income (SSI) benefits for 2022. The increase is based on the rise in the Consumer Price Index over the past 12 months ending in September 2021. For...
Tax Law
Helping make the IRS auditor say yes When faced with questions on your tax return deductions, it is getting all too common for tax authorities to deny everything and then make you prove that your deductions are valid. Do not let this happen to you. Here are some...
