Understanding Federal Tax Obligations During Chapter 13 Bankruptcy
Bankruptcy is a last resort for taxpayers to get out of debt. For individuals, the most common type of bankruptcy is Chapter 13.
Parents Boost Their Back-to-School Budget
Summer has slipped away and another school year has started. As kids head back to the classroom, parents are ticking items off the school supply list. If they want to boost their back-to-school budgets, parents and guardians should make sure they aren’t missing out on their 2021 refunds and tax credits.
Business: Work Opportunity Tax Credit
Businesses hanging up their Help Wanted signs should be sure to check out the work opportunity tax credit.
Know What’s Deductible After Buying A First Home
Making the dream of owning a home a reality is a big step for many people. First-time homeowners should make themselves familiar with authorized deductions, programs that can assist with home ownership and the use of housing allowances that can be beneficial.
$1.2 Billion in IRS Penalty Relief Refunds
$1.2 Billion in IRS Penalty Relief Refunds Coming for Certain 2019 and 2020 Tax Returns To help struggling taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, which provides penalty relief to most people and businesses who filed certain 2019 or 2020 returns late.
Teachers: Classroom Supplies May Be Tax Deductible
Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful.
What Businesses Should Know About Excise Tax
Excise tax is an indirect tax on specific goods, services and activities.
Things to Know About Crowdfunding and Taxes
Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity, or for gifts. It’s important to know that money raised through crowdfunding may be taxable.
What Business Owners Do When Closing Their Doors for Good
There are a few things business owners need to do before they close their business.
College Students Study Up On These Two Tax Credits
Anyone pursuing higher education, including specialized job training and grad school, knows it can be pricey.