You may be wondering, what are Tax Exemptions?
Before 2018, Tax exemptions were a monetary amount given to help reduce your taxable income.
Prior to 2018, taxpayers were able to deduct a specific amount for each personal exemption claimed on their tax return for that particular year.
What is tax resolution, you ask?
It’s the answer to the heavy load on your shoulders when you have a tax problem. I have been there too and know how stress-inducing, complicated IRS issues can be.
My own experience, coupled with extensive research, led me to discover tax resolution – an effective way of dealing with those burdensome tax problems.
This blog is designed to guide you through the A-Z of tax resolution; from its meaning, benefits, and types to dealing with the IRS and frequently asked questions about this life-saving solution.
Let’s dive in!
As the United States government has progressed, so has the concept of taxes.
What started as a simple tax on certain products turned into this extremely intricate system. This system is attempting to find the balance of enough funding and ensuring the countries people are happy.
That being said, when it comes time to file taxes or even to select your tax withholding code, it can seem daunting.
Have no fear!
I will go over the top tax tips for beginners.
Preparing for the tax season doesn’t have to be hard or bothersome, but the main way to make it stress-free is to have a tax preparation checklist.
A tax checklist shortens the amount of time you will need to spend trying to remember what important documents your Tax Preparer may ask for.
Sometimes it’s the little items we forget to have ready that can cause the tax preparation process to be a bit draining and annoying.
I’m all about making the tax filing experience fun and easy for you to survive the 2020 tax season!
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.