How TCJA has affected alimony payments

TCJA-Affects-on-Alimony-Payments Divorce can be tough, both emotionally and financially. This becomes even worse for people who land on the wrong side of the alimony wagon - the added grief of figuring out the financials makes coping with the separation even worse. The financial arrangements can get tricky, especially with the ever-changing tax laws and their seemingly confusing [...]

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Get An Extension On Your Tax Filing Deadline

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The clock is ticking away. The deadline for filing your taxes is getting nearer. Are you feeling the heat? For most taxpayers, 15th April is the final day to get their [...]

Will Your Tax Returns be Audited by IRS?

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Many taxpayers are afraid of the term “tax audit.” But it’s nothing to get scared about! It’s just the state authority or the IRS double-checking your accounts so [...]

Loads of Tax Benefits for Independent Real Estate Owners

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There’s great news coming your way if you are an independent landowner or a real estate owner. The tax season is stressful for most people and is probably worrying you [...]

How Tax Reform Affects IRS Moving Deductions

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Often people end up changing cities for a better job opportunity or simply because they are expanding or shifting their existing business. Such a move comes paired with [...]

Just In! This year’s list of the “Dirty Dozen” tax scams- Part II

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In our previous blog post, we had highlighted 6 of the first 12 scams present in IRS’ Dirty Dozen List for the year 2019. The Dirty Dozen is a list of possible tax [...]

Just In! This year’s list of the “Dirty Dozen” tax scams- Part I

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An annual ritual of the IRS, Dirty Dozen is a list of possible tax scams that innocent taxpayers can easily fall prey to. This list becomes especially relevant during the [...]

GSP Trade Rules No Longer Applicable for India & Turkey

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On March 4th, the current Trump administration announced the end of its GSP trade with two nations - India and Turkey. The decision was justified on the grounds that both [...]

“Choose Your Tax Preparers Carefully!” – IRS

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With the tax season in full bloom and a host of new and seemingly confusing tax reforms like the Tax Cuts and Jobs Act in effect, it is no surprise that a lot of people, [...]

New Yorkers v/s The State Tax Officials : Who will win?

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It’s a cat-and-mouse chase between the elite of New York and the IRS! With the latest federal tax laws lowering the deduction limit on state and local income taxes in [...]

Planning to settle abroad post-retirement? Here are a few tax tips!

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Most people imagine their retirement nest to be a haven with an amazing view of the sunset each evening. They spend their entire lives saving for their golden years. [...]