by Pierre Philantrope | Aug 25, 2021 | Tax Tip
The Advance Child Tax Credit would cause some taxpayers to owe taxes when they file their tax return for tax year 2021, unless taxpayers who are employees adjust their tax withholding and self-employed taxpayers pay quarterly estimated tax or pay more in...
by Pierre Philantrope | Aug 18, 2021 | Tax Tip
Taxpayers’ tax liabilities could be drastically changed after a divorce. However, when a couple is contemplating a divorce, a discussion with their lawyers and tax advisors related to tax implications of their divorce could greatly help in controlling the tax...
by Pierre Philantrope | Aug 11, 2021 | Tax Tip
Taxpayers should use the correct tax filing status to avoid audit issue. Taxpayers must openly discuss their specific situation with their tax preparers and provide adequate documentation to prove their tax filing status. Many taxpayers have been audited by the...
by Pierre Philantrope | Aug 4, 2021 | Tax Tip
Taxpayers should take their tax due notices seriously and explore their available options. In 2020, it is estimated that 25 million taxpayers could not pay their taxes or failed to file their returns. The pandemic has made the matter worst and the number is expected...
by Pierre Philantrope | Jul 28, 2021 | Tax Tip
It costs taxpayers more money to resolve tax problems. Many taxpayers are currently receiving notices of tax due or notices of intent to levy or to seize their properties from the Internal Revenue Service. This unfortunate outcome could, most of the time, be avoided...
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