by Pierre Philantrope | May 18, 2022 | Tax Tip
Taxpayers should not ignore their past due tax debts. There are options to pay. Many taxpayers have either entered into an agreement with the Internal Revenue Service to pay their tax debts. In some cases, they have failed to honor the agreement or have completely...
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 | Feb 1, 2022 | 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. Be more alert by looking for any schedule A or schedule C on your tax return if you are not self employed and...
by Pierre Philantrope | Jan 4, 2022 | Tax Tip
Taxpayers should only prepare their tax return when they have all their required tax documents. However, the return cannot be sent to the IRS before the official start date of the tax season. Taxpayers who receive early payments for their tax refund get a high...
by Pierre Philantrope | Dec 15, 2021 | Tax Tip
As you could see from the previous tips, due to the enactment of legislation to offset the economic burden brought by COVID-19, there is a lot to consider when reviewing your year-end tax planning options. Pandemic-related tax breaks include an expanded dependent care...
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