by Tax News | Aug 2, 2024 | Tax Tips and News
Preparing to file your federal tax return? Review some common mistakes people make and how you can avoid them this tax season. Making a mistake on your tax return can slow down its processing and even delay your refund. If the IRS spots any errors, they may reject...
by Tax News | Jul 5, 2024 | Tax Tips and News
If you’ve been losing sleep over the possibility of a tax audit, put your mind at ease. Here are five reasons why you might want to stop worrying about it. A Tax Audit is Not Always Trouble An audit doesn’t automatically mean you’re in trouble. Sometimes, it’s just a...
by Tax News | Jun 27, 2024 | Tax Tips and News
Now is the time to perform a mid-year review of your business activities. Staying on top of these five steps will benefit you throughout the year while saving time, money, and making tax time a breeze. * Lower taxable income with these deductions After...
by Taxing Subjects | Jun 17, 2024 | Tax Tips and News
The Internal Revenue Service (IRS) has announced the agenda for the 2024 Nationwide Tax Forum, which will feature 45 seminars aimed at enhancing the skills of tax professionals. This year’s forum, which includes contributions from the IRS and leading tax...
by Joe Tax & Business Solutions | Mar 15, 2024 | Tax Tips and News
Navigating Tax Deductions: Standard vs. Itemized During tax season, understanding deductions plays a key role in minimizing what you owe or maximizing your refund. Standard deductions and itemized deductions form the two most common types of deductions. While both aim...
by Joe Tax & Business Solutions | Mar 14, 2024 | Tax Tips and News
Understanding Reporting Currency vs. Reporting Property on US Federal Tax Returns Navigating the landscape of US federal tax returns often requires an understanding of complicated terms and concepts. Among these are reporting currency and reporting property, both of...
