by Pierre Philantrope | Apr 13, 2022 | Tax Tip
There is still time to legally lower your tax liability. Many individuals and businesses have used them over years to minimize their taxable income and thus lower their tax due. Besides the most commonly used tax deduction or reduction items, many taxpayers do not use...
by Pierre Philantrope | Apr 6, 2022 | Tax Tip
Every tax year million of taxpayers leave unclaimed money for the Treasury. Almost $1.5 billion unclaimed tax refunds may be waiting for an estimated 1.5 million taxpayers who did not file a 2018 tax return, according to the Internal Revenue Service. The unclaimed...
by Pierre Philantrope | Mar 16, 2022 | Tax Tip
Taxpayers Save in Taxes by Claiming the Foreign Tax Credits. Your tax filing obligations follow you worldwide. However, there are several tax rules to avoid double taxation and to lower your tax liabilities. Taxpayers should keep track of their worldwide financial...
by Pierre Philantrope | Feb 23, 2022 | Tax Tip
Tax returns could be very complicated for taxpayers. Regardless of the level of complication, all taxpayers could tremendously benefit by reviewing their tax return, knowing their tax return, and by asking questions. Hiring a tax preparer to prepare a tax return does...
by Pierre Philantrope | Feb 16, 2022 | Tax Tip
There are two (2) types of education related tax credit that taxpayers may claim for qualified tuition and related expenses paid or incurred during the tax year: the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC). The Protecting...
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