by Pierre Philantrope | Nov 22, 2023 | Tax Tip
The principal residence gain exclusion is very valuable when an appreciated home is sold. Taxpayers should keep evidence of home repairs and improvements that increase their basis in the property to determine their gain on the sale. IRS Publication 523 has a long list...
by Pierre Philantrope | Nov 15, 2023 | Tax Tip
Million of taxpayers could not pay their taxes or failed to file their tax returns. The number increases every year. Some taxpayers incorrectly filed their return. The Internal Revenue, in many cases, would send them a letter. Unfortunately, many taxpayers ignore the...
by Pierre Philantrope | Nov 1, 2023 | Tax Tip
This tax tip provides some critical information on how to document expenses during a business travel to claim your tax deduction. Corporation or proprietorship – If you operate as a corporation, the corporation should reimburse you for the travel...
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...
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