Individual Taxes

86. How to Pay Your Medical Expenses TAX FREE!

85. Difference between E-File and Paper File

84. Where Americans pay less in state income taxes

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6 days ago
7 min

86. How to Pay Your Medical Expenses TAX FREE!

How to pay your medical expenses TAX FREE! Health Savings Accounts (HSA) Start saving more on healthcare. A Health Savings Account (HSA)...

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85. Difference between E-File and Paper File

Nov 22
1 min

Individual Taxes

85. Difference between E-File and Paper File

Over 82 million individual taxpayers file their taxes electronically in 2021, It is 92% of all U.S. Taxpayers! Why E-filing is so...

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84. Where Americans pay less in state income taxes

Nov 18
1 min

Individual Taxes

84. Where Americans pay less in state income taxes

While individuals and businesses in all 50 states pay federal income tax, residents in 41 states also pay state income tax. Seven states...

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83. Rental Property Deduction Checklist for Landlords

Nov 17
2 min

Individual Taxes

83. Rental Property Deduction Checklist for Landlords

Owning a rental property is a huge part of the American dream. Renting out a residential property can be a solid investment, but there...

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82. Do I Need to File a Federal Tax Return?

Sep 30
3 min

Individual Taxes

82. Do I Need to File a Federal Tax Return?

You might be wondering if you need to file a tax return. While most people who earn an income must file a Federal income tax return, that...

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80. A Complete Understanding Of Tax Responsibilities Of Independent Contractors

Aug 31
3 min

Individual Taxes

80. A Complete Understanding Of Tax Responsibilities Of Independent Contractors

Who is an Independent Contractor? An independent contractor is a person or entity contracted to perform work or provide services to...

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Aug 28
1 min

Individual Taxes

78. Why You Should Get an HSA Account

Dear Friend, I recently saw an article on Facebook mentioning Donald Trump’s HSA, or Health Savings Account. I was glad to see people...

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Aug 16
3 min

Individual Taxes

77. What Do Social Security Taxes Mean?

A Social Security tax gets collected from employees and employers in the United States. This money funds a program of the same name...

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76. Clue Moments of Taxation for Green Card Holders Living Abroad for More than 1 year

Aug 15
3 min

Individual Taxes

76. Clue Moments of Taxation for Green Card Holders Living Abroad for More than 1 year

Since you are Green Card holder or in other words a “lawful permanent resident”, you face the same range of tax and disclosure...

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75. Medicare Information Reference Guide

Aug 14
3 min

Individual Taxes

75. Medicare Information Reference Guide

Medicare is a federal health insurance program in the United States that is for several different groups of people. Most individuals...

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74. Looking for an Accountant You Can Trust?

Aug 13
3 min

Individual Taxes

74. Looking for an Accountant You Can Trust?

Top 7 questions you must ask your accountant: 1. What information do you need from me? You must come prepared for an accounting...

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71. How to open a Bank Account for Minors

Jul 28
4 min

Individual Taxes

71. How to open a Bank Account for Minors

Nowadays it is a must to have a bank account and it is never too early to start saving money and teaching kids how to manage income and...

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70. Why You Should Pay Your Children Under Age 18?

Jul 26
2 min

Individual Taxes

70. Why You Should Pay Your Children Under Age 18?

In case you haven’t considered it, hiring your children may be the easiest and legitimate way to cut your taxes. In this article, I am...

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Jun 22
1 min

Individual Taxes

67. Don’t Waste Money on Penalties!

Don’t waste money on penalties! Penalties apply when you owe taxes or did not file a tax return or extension. Keep in mind that the...

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66. 1040x Amended (Corrected) Tax return. True Stories (All names are changed)

Jun 16
4 min

Individual Taxes

66. 1040x Amended (Corrected) Tax return. True Stories (All names are changed)

Important! You can correct your taxes for the last three years! Story 1 Clients Alice and Erik came to our office with a recommendation...

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65. Why the IRS Audits You and What to Do if You Are Audited?

May 13
4 min

Individual Taxes

65. Why the IRS Audits You and What to Do if You Are Audited?

If you just received a notice that your taxes are being audited: what does it mean? A Tax Audit is an accounting procedure where the IRS...

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64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.

May 12
1 min