December 01 2022 Tax
If you can’t pay your taxes, it’s okay! In fact, most of the taxpayers each year need a payment alternative and leaving them wondering what happens if they make the payment of their taxes late. Let’s take a look at what has to be done if we are not able to make the payment of taxes full to …
October 03 2022 Tax
Taxpayers have seen their options for tax deductions whittled down in recent years, as the vast majority of taxpayers opt for the standard deduction – which doubled in 2018 – rather than itemized deductions. Still, deductions are a powerful way to lower your tax bill. Let’s take a look on various types of Tax Deductions …
September 30 2022 Tax
Generally, married couples choose to file their income tax returns jointly on their Form 1040. That means, their filing status is Married Filing Jointly. When the returns are filed jointly, the liability arising thereof is also joint and several. But sometimes it happens that one’s spouse or former spouse fails to report income, or may …
