by Pierre Philantrope | Jan 13, 2021 | Tax Tip
Taxpayers should only prepare their tax return when they have all their required tax documents. The return cannot be file with the IRS before the official start date of the tax season. Taxpayers who receive early payments for their return get a high interest loan...
by Pierre Philantrope | Jan 6, 2021 | Tax Tip
The pandemic or other circumstances of death happened in the past year have caused this tax season 2020 to be the last tax return for taxpayers who did not survive to see this new year. The deceased representative, the executor, might have to file the last tax form or...
by Pierre Philantrope | Dec 16, 2020 | Tax Tip
We are at the end of a year that has proven to be a year of lot of changes in many aspects. This year, we have seen tremendous changes in our way of living that will carry over to years to come. However, the changes that the pandemic has brought to the tax laws mainly...
by Pierre Philantrope | Dec 9, 2020 | Tax Tip
The following are some of the areas you could explore as tax saving strategies to help you minimize your tax liability as part of your year-end tax planning strategy. December 31 is the last day to plan or revise your existing plan. Qualified Business Income...
by Pierre Philantrope | Dec 2, 2020 | Tax Tip
The following are some of the areas you could explore as tax breaks to help you minimize your taxable income as part of your year-end tax planning strategy. Reduction in Business Interest Limitation. The CARES Act reduced the limitation on the deductibility of...
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