by Pierre Philantrope | Feb 24, 2021 | Tax Tip
The tax filing season runs from February 12, 2021 through April 15, 2021! A majority of taxpayers are currently facing the sad reality resulting from a fraudulent Schedule C or Schedule A. In many instances, the harm is devastating because some taxpayers have...
by Pierre Philantrope | Feb 17, 2021 | Tax Tip
The tax filing season runs from February 12, 2021 through April 15, 2021!Some taxpayers have been audited by the Internal Revenue Service because they illegally claim either the earned income tax credit (EITC), the child tax credit (CTC), or other credits for the...
by Pierre Philantrope | Feb 10, 2021 | Tax Tip
A taxpayer may claim a child tax credit for a qualifying child under the age of 17 who is a dependent on his or her tax return. Taxpayers may also claim a partial child tax credit for dependents who are over the age of 16 and dependents who do not have the required...
by Pierre Philantrope | Feb 3, 2021 | Tax Tip
The earned income tax credit (EITC) is not for every taxpayer. As your income increases, the credit is reduced and it is phased out at an income threshold.In light of the elimination of most personal deductions, be more vigilant by looking for any schedule C on your...
by Pierre Philantrope | Jan 27, 2021 | Tax Tip
Taxpayers are liable for the accuracy of their tax return. Unfortunately, many taxpayers do not know the content of their personal or business tax return. The Internal Revenue Service will not process a return until the taxpayer declares and signs that “Under...
by Pierre Philantrope | Jan 20, 2021 | Tax Tip
The Consolidated Appropriations Act, 2021, H.R. 133, passed by both houses of Congress on December 21, 2020 and signed into law on December 27, 2020 contains, among others, many COVID-19 related provisions: A second round of direct cash assistance payments of $600 for...
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