New Federal Tax Law Highlights Late last year, Congress managed to push through a federal tax bill that would overhaul the whole system. President Donald Trump signed the bill into law on 22nd, December 2017. This was an incredibly significant event in the history of our country, seeing as it was the first major tax overhaul for over 3
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Taxes are likely to be exposed to scammers just like any other thing else could. A lot of taxpayers have been victimized by these tax scammers. They normally use tactical skills to bait you. They can decide to give you a huge offer on your tax in form of tax relief or refund, or just
What to know when filing taxes College is coming up, and qualified students should prepare for joining and registering in the various colleges. Some may have qualified, but they do not have the means for enrollment. Not to worry, the American Opportunity Tax Credit (AOTC) gives you the aid. This credit is only for education
The tax day is approaching, and everyone gets busy to file their tax return by the deadline, which is April 15. Some people might need more time for preparing their return, because of personal obligations or many other reasons, so they need to apply for a tax extension. To get an extension of six months,
There’s a saying that in life, there are only 2 permanent things- death and taxes. But truth be told, filing your yearly tax doesn’t have to be a life or death situation. You can cut back on considerable time and headaches just by having the right kind of materials within easy reach. The best time
Because you do not wish to end up paying the IRS extra money at tax time, figuring out the amount to withhold in your W-4 worksheet is important and can be complicated. You also do not want to receive a substantial tax refund if you are wise, because you are letting the government borrow your
The IRS requires anyone accepting money from parents for childcare to file childcare tax returns as a business operator or self-employed operator. If you are operating a home daycare business, the federal tax code allows you a number of deductible expenses. Knowing what and how to record and use these expenses gives you enough time
1. Know what you are doing Getting the basics down allows for you to understand how to set things up to make it easier for your tax professional. The internet provides a wealth of information in articles, videos, etc. Get a basic understanding of how the tax system works, as well as key details on
