by Pierre Philantrope | Oct 11, 2023 | Tax Tip
Extended Tax Return is Due on Monday, October 16, 2023 Taxpayers should ensure that they have and produce all their required tax documents when filing their tax return. A tax preparer is hired to prepare the tax return of the clients. The said preparer could not...
by Pierre Philantrope | Oct 4, 2023 | Tax Tip
Taxpayers should ensure that they have and produce all their required tax documents when filing their tax return. Checklist to Consider for Your Tax Filing Personal information Last year income tax return if you are a new client Name, address, Social...
by Pierre Philantrope | Sep 27, 2023 | Tax Tip
Let us assume that you have an acquaintance, a friend or relative who moved to the United States from a foreign country. Here is a high-level look at eight tax considerations your friend or relative needs to know: 1. Tax residency. A foreign individual’s income tax...
by Pierre Philantrope | Sep 20, 2023 | Tax Tip
You can have in your real estate portfolio both investor and dealer properties. This distinction is significant for tax purposes. Here is a snapshot of the potential tax differences: Suppose you profit $90,000 from a property sale: As a dealer, your tax...
by Pierre Philantrope | Sep 13, 2023 | Tax Tip
The distinction between repair expenses and improvement costs can impact your tax benefits. The tax law categorizes repair and improvement costs differently. Repair expenses are generally more beneficial for tax purposes, providing greater after-tax cash value than...
Recent Comments