Author: taxsecretsblog

Article Highlights: Overview Eligible Education Expenses Credit Qualifications American Opportunity Credit Lifetime Learning Credit Qualifications Who Gets the Credit If you think that education credits are just for sending your children to college, think again; the credits are available to you, your spouse (if you

Your federal tax refund status can be checked online. E-file refunds are generally issued within 21 days of filing. Direct deposit provides the quickest refunds. If your 2023 federal tax return has already been filed and you are due a refund, you can check the

In the digital age, online security is among the most critical factors for any business. As more and more people are living their lives online, security has become a priority for those giving up sensitive information – including financial data – via the World Wide

 Article Highlights: Special March 1, 2024, Due Date Qualifying Farmer or Fisher Definition Special Dates for Maine and Massachusetts Disaster Area Extended Due Dates Extensions Farmers and fishers who chose to forgo making 2023 estimated tax payments by January must generally file their 2023 federal

In the wake of a legal victory, understanding the tax implications of your settlement or judgment can be a maze of complexity. Whether you've just triumphed in court or are weighing your legal options, grasping the financial consequences is paramount. Below we will try to

One fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and business finances. By maintaining distinct bank accounts and credit cards for business transactions, small business owners can streamline bookkeeping processes, ensure accurate expense tracking, and foster clarity

Article Highlights: ERC Background. TV Promoters and Marketeers. IRS Programs to Withdraw Erroneous Claims. ERC Voluntary Disclosure Program. How to Apply for the Voluntary Disclosure Program. ERC Claim Withdrawal Program. The Employee Retention Credit (ERC) was a government-sponsored program to keep workers employed during the

In recent weeks, television screens across Pakistan have begun issuing a stark warning: pay your taxes, or risk losing vital services like your cell phone, gas, or electricity connections. These advertisements, sponsored by Pakistan's tax authority, are a reminder of the nation's ongoing struggle with

Article Highlights: Charity Tax Exempt Status General Rules for Deducting Volunteer Expenses Away-From-Home Travel Expenses Vehicle Expenses Entertaining For Charity Uniforms Use of a Capital Assets Conventions Underprivileged Youths Foster Parents Church Deacon Substantiation Requirements If you volunteer your time for a charity, you may

Article Highlights * Aging Population * Home Improvements for Medical Care or Treatment * Improvements That Increase the Home’s Value * Improvements That Do Not Increase the Home’s Value * Medical AGI Limitations According to the Social Security Administration, 10,000 baby boomers a day are