We’re nearing tax time and that means one thing – you must decide how you’ll complete your taxes. Will you go the DIY route or pay a CPA to do your taxes for you?
A common debate at tax time is TurboTax vs a CPA (Certified Public Accountant) – which is better and/or right for you? Check out this guide on the difference between the two and how to tell which option will suit you the most.
Many people wonder, is there an inheritance tax in Florida? In other words, do you owe taxes on the money you inherit when a loved one passes?
The good news is Florida is a great state to live in for the wealthy (or anyone for that matter) as there are no inheritance taxes or income taxes, but there are still factors anyone living in Florida should know when setting up their estate.
Did you get that infamous statement: Federal Tax due now?
When April 15th comes around, you can feel a tinge of anxiety in the air. That’s because there are tens of millions of people who will owe money to the IRS. Now, this is the funny thing about the Internal Revenue Service – they tend to be pretty persistent about wanting their money.
So, you really need to know what the term “Federal Tax Due” means. Knowing this term can keep you in the good graces of the IRS for at least the next 12 months.
You may be eligible to change your business’s tax classification if you file IRS Form 8832. It’s not for everyone – only certain businesses qualify, but it can be financially beneficial.
Find out if your business qualifies for a change in tax classification in this guide.
Did you know that you can handle some of your tax issues through the IRS2Go Mobile App?
With tax season in full force, Americans across the country are hurrying to prepare and submit their taxes. During this time of year, you may be using your tax return for a variety of things.
Items such as, from home projects, vacation saving goals, and debt payoff strategies are all a few things you may be using your tax refund for.
The most recent government shutdown worried some that they would be delayed in receiving their tax return. Luckily, that passed and may people did receive their refund in a timely manner.