Filing an IRS tax for the first time? Six things to know
Filing tax for the first time could be tiresome and could be too hard to comprehend a lot of details that go into tax filing. This blog will help you understand the nitty-gritty of tax filing for the first timers Collect your tax information in advance: While filing the tax for the first time, the […]
What documents to keep ready for the 2021 IRS Tax Filing?
Documents to keep ready for the 2021 IRS Tax Filing If you are preparing for the 2021 tax filing in advance, here is the checklist that can help you in the quick filing. This content has a lot of categories, but remember that not every category will apply to you. Choose your category and start […]
5 Tips for the self-employed to prepare for the 2021 IRS tax filing
Self-employment tax is the imposed tax that a small business owner must pay to the federal government to fund Medicare and Social Security. All self-employed individuals with net earnings of $400 or more are liable to pay income tax. Here are a few tips that help you prepare for the 2021 tax-filing. Determine if you […]
8 practices US Indians to prepare 2021 IRS Tax returns in advance
Do you find yourself rushing with your income tax preparation at the fag end of the irs tax season? By procrastinating and preparing your taxes at the last minute, you might be missing out on potential irs tax deductions or tax refunds, or even worse, you could end up paying penalties for delays in submitting […]
Top 6 tips to prepare your IRS tax filing for 2022
Do you like to get a tax refund? Silly question! Regardless of how much income you received, you would want to get a tax refund and even maximize the amount. Statistics prove that most American taxpayers aim at getting a tax refund. As per a CNBC article, about 170 million people filed tax returns in […]
What should be your filing status for individual tax returns?
While filing your personal tax returns, you need to file them under a filing status you would fall under. This filing status is necessarily your marital status that impacts your income and tax computation. Typically, they are five filing status categories under which you would file your tax returns. These categories include: Single Married filing […]