Author: taxsecretsblog

Article Highlights: What is Filing Status? When is One Required To File? What is AGI? Which is Better, Itemized Deductions or the Standard Deduction? What is a Tax Write-Off? How is Taxable Income Determined? What is the Difference Between the Graduated Tax Rates and the

April 2023 Individual Due Dates Disaster Area Extensions: Please note that when a geographical area is designated as a disaster area, due dates will be extended. For more information whether an area has been designated a disaster area and the filing extension dates visit the

Article Highlights: Contribution Due Date Age Rules Compensation Rules When To Contribute Contribution Limits Deductibility & Benefits Saver’s Credit Choosing Between Traditional & Roth IRAs Most of the time an expense that may be tax deductible needs to be paid by the end of the

When it comes to income taxes, every profession has its own unique quirks to deal with. A standard employee with one W2 has it fairly easy, while things get more complicated once you enter the world of self-employment. Things grow even more difficult once you

If you were laid off from your job at some point in the last year, at least take comfort in the fact that you are not alone. In 2022 alone, there were approximately 15.4 million layoffs in the United States as per one recent study.

Article Highlights: Filing Due Date Disaster Area Filing Due Dates Extensions Balance-Due Payments Contributions to Roth or Traditional IRAs Individual Refund Claims for the 2019 Tax Year If There is Still Missing Information As a reminder to those who have not yet filed their 2022

One of the most important ideas at the heart of successful investing involves the idea that everything you do needs to begin with a plan. What, exactly, do you hope to accomplish? Where do you see yourself in a year? Five years? Ten years? How

Article Highlights: If You Can’t Pay Automatic Extension in Federally Declared Disaster Areas Family Loans Home Equity Loans and HELOCs Credit Card Short-term Payment Plan IRS Installment Agreement Retirement Funds Filing Extensions Enforced Collections Offer-in-Compromise About 3 out of 4 American taxpayers receive a refund

Article Highlights: TV Employer Retention Credit Promotions Employer Retention Credit Qualifications Business Operations Curtailed Significant Decline in Gross Receipts Recovery Startup Business Facts Tax Trap If you are a business person relaxing at home after a long day’s work, watching TV and a commercial comes

According to one recent study, the global food service market size was valued at an impressive $2.3 trillion as of 2021. That number is expected to grow to an incredible $5.1 trillion by the end of the decade. In recent years, many restaurateurs in the