Earned Interest Tax Credit – How Can You Benefit From It?

Earned-interest-tax-credit   The earned income tax credit is good news for all of you who have a low-to-moderate financial condition. The IRS allows an earned income tax credit to all those taxpayers whose incomes come under this bracket. The stats have been quite good, with an average of $2,445 being paid to all taxpayers with low-to-moderate incomes. The best part [...]

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Everything you need to know about the October 15 Tax filing deadline

October-15th-Tax-Deadline
Are you one of those 15 million taxpayers who have filed for an extension to their tax filing deadline? If yes, then the clock is ticking, and you need to clear your dues [...]

10 Tips to Reduce Your Tax Liabilities this Financial Year

2019-Year-End-Tax-Planning
How can you reduce your tax obligations? This is a question on every taxpayer’s mind, but few are able to execute this to their benefit, owing to a lack of adequate [...]

All you need to know about section 199A of the Tax Reforms Code

Section-199A
  If you are the owner of a sole proprietorship, partnership, or S corporation, then you need to know all about the tax deductions that compliment qualified business income [...]

Captive Tax Shelter — How to Exit?

Captive-Tax-Insurance-Exit
Are you one of those U.S. citizens who have badly entangled themselves in the small captive insurance programs? If yes, then it’s time to exit this program for [...]

2 tax credits that will help you through college

Educational-Tax-Credits
Now you can avail tax credits on money paid for your own or your dependent’s post-high school education, thus getting a significant tax break. The purpose of this tax [...]

Investing in Cryptocurrency – A Smart Wealth Management Strategy

Cryptocurrency Investment
Are you thinking about investing in cryptocurrency? Then you are on the right track. Investment in cryptocurrency is generally perceived as a high-risk investment because [...]

Having tax debts? Your Passport could get impounded

Tax-Defaulters'-Passport-Impounded
Did you hear that the IRS is impounding the passport of tax defaulters? Yes, if you have uncleared tax dues, then you need to take corrective measures to stop this from [...]

Great News! The IRS is waiving the 2018 estimated tax penalty

Estimated-Penalty-Tax-Waiver
We have welcome news for all 2018 taxpayers who did not avail waiver for their income tax penalties in the last tax cycle. The IRS has announced that it will automatically [...]

Business-From-Home? Make use of these tax credits

Tax-Credits-For-Home-Business-Owners
There is great news for entrepreneurs who run their business from the comfort of their couches.! They can now deduct a certain part of their expenses from their tax returns [...]

Why You Need a Minimum Life Insurance Which is Permanent

Minimum-Permanent-Life-Insurance
The first sound of life insurance sounds like a bad thing to many. When we Google it, we hear a tremendous number of stories on how insurance is a con game and just a [...]