Demystifying Life Insurance – one myth at a time

best-tax-filing-services-in-plano Life Insurance policies are often surrounded by a canopy of myths and confusion. This is mostly due to a lack of awareness which leads to a lot of hesitant and anxious investors. Thankfully, most of these myths are just that - myths that we’re happy to bust for you so that you make informed, correct decisions. First, let’s understand that there are [...]

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Tax Credit and Tax Deduction – what’s the difference?

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How many times have you heard the terms “tax credit” and “tax deduction” being used while wondering if they mean the same thing? Well, let us clear that up for [...]

Super bowl fans, here are some football tax tips for you!

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It’s that time of the year again - the season for bragging rights, the season to watch your old heroes test their mettle while new ones are born. Yes, we indeed, are talking [...]

E-filing Taxes: Why you should file your tax documents at the earliest

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The IRS announced the beginning of tax season from the 28th of January. The sooner you file your return and settle your tax liability, the better. A lot of people tend to [...]

IRS recalls half of the employees this tax season

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With the US Government going through a shutdown, a lot of government workers have been furloughed. This includes the IRS too, which lost its funding for the fiscal year 2019 [...]

The most important day of January 2019!

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With the Government shut down for an unprecedented duration, it is no surprise that everyone is feeling anxious about filing their tax returns and claiming refunds. It has [...]

New Tax Implications for the New Year!

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With January almost gone, the new year vibes seem to be dying down. However, the new tax provisions might still be a little unclear to a lot of people. Also, you might [...]

Stringent Norms and Strict Monitoring on Transactions by Income Tax Department

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  In its attempts to discourage the use of physical money, and monitor illegal transactions to curb corruption, the Income Tax Department has issued a severe [...]

A Reminder of Estimated Tax Deadline for the Self-Employed

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Tax Deadlines for Self-Employed Approaching Hurry up if you are self-employed! Your quarterly taxes for the final quarter of 2018 are due on January 15th.  If you are an [...]

Holiday Spirits: Save Longer on Estates from this Tax Season!

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What has changed? What hasn't? Great news for the rich! The Estate and Gift Tax limits have been hiked further for 2019. As against the 2018 limit of $11.18 million, it now [...]

How Are C Corps Taxed? Here’s Everything You Need To Know!

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When it comes to taxation C corps, the first thing that you need to know is that they are subject to double taxation - while the profits earned by C corps are taxed at the [...]