by Pierre Philantrope | May 24, 2023 | Tax Tip
Business Owners Can Hire their Children to Lower their Tax Liabilities Summer is coming! If you have not taken advantage of the tax benefit of hiring your kids because you want them to focus on their school activities, why not change your focus to get a huge tax...
by Pierre Philantrope | Apr 26, 2023 | Tax Tip
Taxpayers are liable for every position taken on their tax return. You take a position on the return by reporting certain items of income and taking some deductions. When a taxpayer signs the return, the taxpayer attests under penalty of perjury that the statement...
by Pierre Philantrope | Apr 12, 2023 | Tax Tip
The Internal Revenue Service send notices to some taxpayers after filing a tax return or when they did not file. Unfortunately, many taxpayers ignore the notices resulting in some severe consequences. Taxpayers must answer to correspondence from the Internal Revenue...
by Pierre Philantrope | Apr 5, 2023 | Tax Tip
The deadline for taxpayers to file their tax return is April 18, 2023. An extension could be requested to file by October 16. It is reported by the IRS that an estimated 11,000,000 taxpayers do not file their tax return each tax year. As a result, every tax year...
by Pierre Philantrope | Mar 29, 2023 | Tax Tip
Taxpayers could plan on how to apply the principal residence tax break of $250,000 for single taxpayers and $500,000 for married ones when getting married or divorced, or when converting another property into your home. In both marriage and divorce situations, a home...
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