by Pierre Philantrope | Aug 26, 2020 | Tax Tip
Income is not treated equally under the tax code.The source of your income determines your tax rates and tax liability. Taxpayers benefit from the lowest rates available when they have diverse sources of income, like real estate, stocks, bonds, mutual funds, and other...
by Pierre Philantrope | Aug 14, 2020 | Tax Tip
Your tax debt should not be taken taken lightly. The Internal Revenue Service collection activities are in effect. The IRS has several means available to enforce tax filing compliance and payments of tax due and penalty. Even though the pandemic continues, tax debts...
by Pierre Philantrope | Aug 8, 2020 | Tax Tip
Did you know every tax year million of taxpayers leave unclaimed money for the Treasury? There are some taxpayers who still file paper returns and did not request direct deposit. As a result, some errors are more likely to go undetected and some checks went uncashed....
by Pierre Philantrope | Jul 31, 2020 | Tax Tip
Do You Hire Your Children to Lower Your Tax Liabilities? If you have not been taking advantage of the tax benefit of hiring your kids because you want them to focus on their school activities, why not changing your focus now to get a huge tax saving and get them an...
by Pierre Philantrope | Jun 26, 2020 | Tax Tip
I hope that you and your loved ones continue to be safe. We will get through it!The institutions or individuals that you transacted business with or hired you are required by law to send a copy of every applicable tax documents to you, the Social Security...
by Pierre Philantrope | Jun 20, 2020 | Tax Tip
It’s a good time to have comprehensive review of your insurance coverage to ensure that your properties and valuables are adequately protected.Under current tax law, taxpayers can no longer claim a deduction for casualty and theft loss on their tax return unless...
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