Monthly Archives: March 2023


Can’t Pay Your Taxes? Here Are Some Options

Article Highlights: If You Can’t Pay Automatic Extension in Federally Declared Disaster Areas Family Loans Home Equity Loans and HELOCs Credit Card Short-term Payment Plan IRS Installment Agreement Retirement Funds Filing Extensions Enforced Collections Offer-in-Compromise About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns, but [...]

By |2023-03-20T21:38:38+00:00March 20th, 2023|Categories: Uncategorized|0 Comments

What is the Work Opportunity Tax Credit, and Who Qualifies For It?

At its most straightforward, the Work Opportunity Tax Credit is available at the federal level to businesses that go out of their way to hire people from a targeted group that has historically had difficulty finding gainful employment. The theory is to encourage business owners of all types to create economic opportunities whenever possible. The [...]

By |2023-03-20T21:34:24+00:00March 20th, 2023|Categories: Uncategorized|0 Comments

Are You Caring for a Disabled Family Member? Read This.

Article Highlights: Caring for Disabled Family Members Qualified Medicaid Waiver Payments Exclusion Qualifications Mandatory Exclusion Earned Income Earned Income Tax Credit Tax Court Ruling Many taxpayers prefer to care for ill or disabled family members in their homes as opposed to placing them in nursing homes, but doing this can be expensive, time-consuming, and exhausting. [...]

By |2023-03-10T21:43:34+00:00March 10th, 2023|Categories: Uncategorized|0 Comments

Should You Be Keeping Home Improvement Records?

Article Highlights: Keeping home improvement records Home gain exclusion amounts Records may be required to avoid tax Many taxpayers don’t feel the need to keep home improvement records, thinking the potential gain will never exceed the amount of the tax code’s exclusion for home gains explained as follows.    Under the current version of the [...]

By |2023-03-10T21:23:15+00:00March 10th, 2023|Categories: Uncategorized|0 Comments

Haven’t Filed Tax Returns for Multiple Years? Here’s What You Need to Do Next

You'd be hard-pressed to find someone who actually enjoys the process of filing taxes. Having said that, it's absolutely something that you're supposed to do like clockwork every single year. Of course, there are a myriad of different reasons why you may have fallen behind. You could be going through something of a major life [...]

By |2023-03-02T23:23:57+00:00March 2nd, 2023|Categories: Uncategorized|Comments Off on Haven’t Filed Tax Returns for Multiple Years? Here’s What You Need to Do Next
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