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53. Low-Income Taxpayer
Low-incomers needn't pay back credit overpayments. But others will have to. Families with 2021 modified adjusted gross incomes at or...
Feb 19, 20221 min read


52. Protection PIN for Individuals
IRS wants more individual taxpayers to get identity-protection PINS as extra protection from tax identity theft. The IP PIN is a...
Feb 18, 20221 min read


51. Child Tax Credit
The monthly child credit payments aren't taxable. On your 2021 Form 1040, which you file next year, you'll reconcile the payments you got...
Feb 17, 20221 min read


50. What Is a Tax Extension and Why Would I Need One?
If you don’t believe that you can get your tax paperwork together by the April deadline, then an extension is your best option. You can...
Feb 16, 20221 min read


49. Is It Worthwhile to Register My Business?
Some business structures don’t require state registration to operate. If you’re a sole proprietor, then zero incorporation paperwork is...
Feb 15, 20223 min read


48. FIVE Tax-Saving Strategies for Small Business Owners
If you operate a small business, then every dollar you earn has importance. Sending your cash to the IRS without having a strategy to ...
Feb 14, 20222 min read


46. You can correct your taxes for the last three years!
1040x Corrected Tax return. True Story #1 Important! You can correct your taxes for the last three years! (All names are changed) Clients...
Feb 3, 20221 min read


45. Insurance check
I had a car crash last year, my car was completely destroyed. The insurance company has sent me a $ 7500.00 USD check. Do I need to pay...
Feb 3, 20221 min read


44. How Long Should I Keep My Tax Records?
Should keep your individual federal tax returns for at least three years. As a general rule, that's how long IRS has to question items on...
Feb 2, 20221 min read


43. Are You an Independent Contractor or an Employee?
It is critical that business owners correctly determine whether the individuals providing services are employees or independent...
Feb 1, 20223 min read






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