Taxes

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Ideal Tax Review – Solutions for Serious IRS Tax Issues

Ideal Tax Review – Solutions for Serious IRS Tax Issues

The tax resolution industry has a reputation for sketchy, even predatory behavior. Ideal Tax is different. If you have serious income tax issues, you should consider working with their in-house tax attorneys, CPAs, and IRS negotiation experts. Learn about Ideal Tax and whether it’s right for you. The post Ideal Tax Review – Solutions for […]

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Dear Penny: Can My Daughter Claim Her Lazy Boyfriend as a Dependent?

Dear Penny: Can My Daughter Claim Her Lazy Boyfriend as a Dependent?

Dear Penny, My 21-year-old daughter has been living with her boyfriend for the past seven months. He is the same age as she is and is unemployed. He shows absolutely no desire to find employment, nor does he have the drive to do so, which makes me irritated knowing that he is taking advantage of

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Are Workers’ Comp Benefits Taxable?

Are Workers’ Comp Benefits Taxable?

Your employer’s workers’ compensation plan may pay you benefits if you’re involved in a work-related accident or suffered an injury or illness on the job. Workers’ comp covers medical treatment, lost wages and more while you recover or adjust to long-term disability. In the vast majority of cases, you don’t have to pay taxes on

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Non-filer? You Could Still Be Eligible for a Stimulus Check

Non-filer? You Could Still Be Eligible for a Stimulus Check

If you didn’t file an income tax return earlier this year, check your mailbox. Normally nobody wants to hear from the IRS, but you definitely need to be looking for anything that comes from the government agency. It could mean serious money for you. The Internal Revenue Service has started mailing letters to 9 million

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2023 Tax Brackets Are Here: Here’s What You’ll Owe Next Year

The Internal Revenue Service released its inflation adjustments for 2023 federal income tax rates and brackets this week. The IRS automatically adjusts tax rates each year to reflect inflation. Usually these adjustments are small. But following the fastest price growth in four decades, Americans can expect noticeably higher tax brackets and a larger standard deduction

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Want to take on the CRA? Jamie Golombek shares his own fight with the taxman

Want to take on the CRA? Jamie Golombek shares his own fight with the taxman

Golombek was gearing up for a day in court over a dispute over work-from-home expenses, but it never came https://financialpost.com/personal-finance/taxes/take-on-cra-jamie-golombek-fight-taxman #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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Downgrade Your Property Statistics Online To Lower Your Property Taxes

Downgrade Your Property Statistics Online To Lower Your Property Taxes

During the global financial crisis in 2008 – 2009, I expected the San Francisco Property Assessor Office to automatically lower my property tax bill. After all, home prices had topped out at the end of 2006 and had declined about 5% a year for three consecutive years. Instead of receiving a property tax bill reduction,

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How to qualify for the federal government’s inflation relief benefit programs

How to qualify for the federal government’s inflation relief benefit programs

Jamie Golombek: Here’s a brief look at the measures Ottawa is implementing to help with rising costs https://financialpost.com/personal-finance/taxes/ottawa-inflation-relief-benefit-programs-qualify #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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What Is a 1099-K?

What Is a 1099-K?

New IRS rules could mean many more taxpayers will receive a 1099-K form in the mail come January. Form 1099-K Payment Card and Third-Party Network Transactions shows the business transactions a third-party payment service or card processor has paid you throughout the year. If you received $600 or more in business payments through a service

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IRS Refunding Fines, But You Must File Overdue Taxes Soon

IRS Refunding Fines, But You Must File Overdue Taxes Soon

At the height of the COVID-19 pandemic, more than a million U.S. taxpayers had trouble filing their 2019 and 2020 tax returns on time. For starters, lots of taxpayers and professional tax preparers got sick. Offices closed, sometimes making it harder to gather the necessary documents. And you couldn’t get the IRS on the phone.

IRS Refunding Fines, But You Must File Overdue Taxes Soon Read More »

Restaurant finds itself in hot water with CRA over servers’ electronic tips

Restaurant finds itself in hot water with CRA over servers’ electronic tips

Jamie Golombek: The restaurant didn’t include electronic tips in its CPP and and EI liabilities https://financialpost.com/personal-finance/taxes/cra-servers-electronic-tips #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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Accidentally Paid Your Estimated Taxes Twice? Don’t Worry!

Accidentally Paid Your Estimated Taxes Twice? Don’t Worry!

For the first time in my life, I accidentally paid my estimated taxes twice. If you ever do the same, I want to share with you what happens next and when you’ll get your overpayment back. Bottom line: Don’t worry too much. You’ll eventually get your money back within six weeks. How Could I Accidentally

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FP Answers: How can you avoid a big capital gains tax bill when you die?

Adding a child’s name to your assets won’t accomplish your goal of reducing capital gains tax https://financialpost.com/personal-finance/taxes/fp-answers-how-avoid-big-capital-gains-tax-bill-when-die #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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What Is IRS Form 1099-K Used For?

What Is IRS Form 1099-K Used For?

If you accept payment cards or accept online purchases, you’ll receive a Form 1099-K. But what does it have to do with your taxes, and how do you use it? The post What Is IRS Form 1099-K Used For? appeared first on Money Crashers. https://www.moneycrashers.com/what-is-irs-form-1099-k/ #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth

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U.S. Taxes for Expats — 9 Tips for American Citizens Living Abroad

U.S. Taxes for Expats — 9 Tips for American Citizens Living Abroad

Preparing your federal tax return is hard enough when you live in the U.S. But it gets tougher if you’re filing as an expat from another country. Follow these steps to slash your tax bill without losing your sanity.  The post U.S. Taxes for Expats — 9 Tips for American Citizens Living Abroad appeared first

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This unusual tax case shines a timely light on the post-secondary tuition credit

This unusual tax case shines a timely light on the post-secondary tuition credit

Jamie Golombek: A Federal Court of Appeal decision in June dealt with the tuition carryforward rules under some interesting circumstances https://financialpost.com/personal-finance/taxes/tax-court-cra-postsecondary-tuition-credit #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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4 Ways the Inflation Reduction Act Could Save You Money

4 Ways the Inflation Reduction Act Could Save You Money

President Joe Biden signed the Inflation Reduction Act into law on Aug. 16. It’s a sweeping piece of legislation aimed at combating climate change, raising taxes on large corporations and lowering health care costs. It’s unclear how effective the new law will be in actually tamping down record-high inflation. An analysis by the University of

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Tax Evasion – What It Is (Meaning), Penalties, and Examples

Tax Evasion – What It Is (Meaning), Penalties, and Examples

Tax evasion can come in several forms. Find out what it is, how it works, and how you can avoid committing this serious federal crime. The post Tax Evasion – What It Is (Meaning), Penalties, and Examples appeared first on Money Crashers. https://www.moneycrashers.com/what-is-tax-evasion/ #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence

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Should You Wait for the New EV Tax Credit to Buy a Car?

Should You Wait for the New EV Tax Credit to Buy a Car?

The Inflation Reduction Act could help you save more on an electric vehicle — but qualifying for the ev tax credit could also get more complicated. The economic package, which addresses health care costs, climate change and taxes on corporations, passed in both the Senate and House this week. As part of this bill, Congress

Should You Wait for the New EV Tax Credit to Buy a Car? Read More »

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