How to Avoid a Massive Tax Bill Next Year
Taxes are a part of life but receiving a massive tax bill can be a shock. The good news? There are steps you can take to avoid this situation in the future.
Mastering Tax Time Like a Pro with a Tax Preparer
By working with a Tax Preparer, you can not only simplify your tax experience but also maximize your returns.
Mastering the Art of Section 1031 Like-Kind Exchange
Understanding Section 1031 Like-Kind Exchange can be a game-changer for anyone in the world of real estate investment. This powerful IRS tax code allows investors to defer capital gains taxes on the sale of a property, provided they reinvest the proceeds into a like-kind property. It’s a strategy that can save you money and help grow your investment portfolio faster.
What You Need to Know About Exit Tax or Expatriation Tax and Filing of IRS Form 8854
The Exit tax or Expatriation tax, which refers to the tax that you must pay when you give up your U.S. citizenship or long-term resident status.
Understanding Estimated Taxes: A Beginner’s Guide
Understanding estimated taxes is essential. Dive into the basics so that you can get a better idea of what you owe and avoid any surprises come tax season.
Why Claiming Your Spouse as a Dependent is Not Recommended: A Tax Guide for Married Couples
Married couples might wonder if they can claim their spouse as a dependent on their tax returns and receive extra benefits.
Amending Taxes – A Guide for Filing Your Form 1040-X
Understanding when and how to file your Form 1040-X is essential for avoiding potential penalties. This blog post will provide information about when you should consider filing a tax amendment, what documents must be included with your form, and how to avoid common mistakes when filing.
Taxable Income: What You Need to Know
Figuring out taxable income can be quite complicated, especially if you don’t have any background in accounting. Taxable income is the portion of your income that the government can legally […]
Resolving an AGI E-file Rejection
Resolving an AGI e-file rejection can be tiresome. The IRS uses your AGI (Adjusted Gross Income) to prove your identity when e-filing your taxes every year. If a taxpayer doesn’t […]
How to Enter an IP PIN in TurboTax Online
Here are two ways to enter an IP PIN in TurboTax Online. Follow these instructions to enter your IP PIN. Alternate instructions: If you need to remove the IP PIN, […]
