IRS Updates

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 [...]

The IRS bewares the offshore account holders!

Hear, Hear, Offshore Account Holders! The IRS Is Coming For You! If you hold an offshore account, you must be aware of the strict watch that the IRS keeps [...]

IRS Changes Backup Withholding Tax Rate to 24%

Good News For Small Businesses! The IRS Has Announced A Reduction In The Backup Withholding Rate To 24%! Yes, you heard that right! In keeping with the [...]

How to know if your charitable contributions are going to the right place?

Do You Know Where Is Your Donation Going? Here’s What You Can Do About It! Donating to charities for a good cause feels great, right? But are you sure [...]

Call from IRS: How often do they call?

Have You Been Receiving A Lot Of Calls From The IRS Lately? Chances Are That You Are Being Scammed! While it’s a usual occurrence for the IRS to call [...]

How New Tax Provisions Are Affecting Individuals

The Tax Cuts and Jobs Act Not Only Impacts Business But Also Individual Taxpayers. Here’s A List Of The Tax Provisions That Affect Individual Taxpayers. [...]

Here’s All You Need To Know About Capital Gains And Capital Losses!

  We’re guessing most of you have heard the terms Capital Gain, Capital Loss, and Capital Gains Tax. But do you know what these terms mean? [...]

Are You A Homeowner? Make Sure You Claim These 5 Money-Saving Tax Deductions!

  Being a homeowner comes with a lot of responsibilities, both personally and financially. You have to take care of numerous little things such as [...]

IRS Declared To Offer Tax Relief To The Victims Of Hurricane Florence!

Good News For North Carolina Residents - IRS Declared To Offer Tax Relief To The Victims Of Hurricane Florence!   While the residents of North [...]

Know About The Tax Deductible Business-Related Travel Expenses!

Self-employed individuals or business owners often require to travel for work-related issues. And when you are required to travel frequently for the [...]