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 [...]

Read more

Scam Alert – Beware of the SSN Scheme and Fake Tax Agencies

Tax-Scams-Alert
  Have you ever received a call or an email by an agency called the Bureau of Tax Enforcement? Or have you been approached by a government agent talking about overdue taxes [...]

Filing A FAFSA Form? Tips to Get The Tax Transcript

FAFSA-Form-Filing
  Are you filling out a financial aid application? Did you know that you would require tax information to complete the Free Application for Federal Student Aid Form [...]

NRIs To Pay Tax On Gifts Received From India

NRI-Gift-Tax
  As per the latest Indian budget, all the Non-Resident Indians (NRIs) living in the U.S. will be required to pay taxes on gifts received by them from India. The [...]

Educators can now claim an additional tax deduction on certain unreimbursed expenses.

Educators-Tax-Credits
Filing tax returns on time is omnipresent on the bucket list of almost all U.S. Citizens — resident or not. Reason being, no one wants to get in the eyes of the IRS to [...]

Facing Tax Issues Despite Filing Your 2018 Taxes – Here Are Some Remedies

Tax-Returns-Issues
Most of you must have filed your 2018 taxes by the April deadline. Hence, it must be frustrating for you if, despite your diligence of filing all your taxes on time, you are [...]

Do you need to renew your ITIN?

ITIN-Renewal
Do you come in those who haven’t used their Individual Taxpayer Identification Number (ITIN) for filing federal tax returns since the last three consecutive years? Or your [...]

Haven’t filed your tax returns yet? Save yourself from piling up tax penalties

Tax-Refund-Penalty-2018
  The clock is ticking for those who haven’t filed their 2018 tax returns yet. The federal tax filing deadline has long passed, and there are many who haven’t registered [...]

Filed your 2018 taxes on time but yet to pay the tax bill? There are plenty of options

Yet-To-Pay-Taxes
Did you file for your tax returns on time and still received a mail from the IRS to pay the due amounts? Yes, the news is spreading like wildfire and the defaulters are [...]

US citizens in France could be eligible for a host of tax refunds

US-Citizen-In-France-Tax-Breaks
US citizens living in France are in for a tax break. The 7-year long battle against paying Generalized Social Contribution Tax (CSG) to the US government is finally [...]

Are You a Philanthropist? The Tax Regulations on Your Contributions Have Been Amended

Charitable-Tax-Regulations
Are you a philanthropist who indulges in giving charitable contributions to the state? Or are you planning to start doing so? Well, contributions for the welfare of the [...]