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?

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!

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

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

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!

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!

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

  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

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!

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!

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 [...]