by Pierre Philantrope | Sep 22, 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. Many taxpayers who illegally claimed the earned income tax credit are receiving letters from the Internal...
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 | Jul 7, 2021 | Tax Tip
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 sources. The income that you receive from these...
by Pierre Philantrope | Oct 7, 2020 | Tax Tip
The deadline to file your tax return, if you requested an extension, is October 15. It is reported by the IRS that an estimated 11,000,000 taxpayers do not file their tax return each tax year period. As a result, every tax year million of taxpayers leave unclaimed...
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