Generally, it’s never too late to file your taxes. Now here is the catch. If you are due a refund and you don’t file, you have three (3) years to do so. If you do not file within the 3 years period, you lose your refund. Now, if you owe...
Read More ›The IRS says homeowners should think about these things when selling a home: Ownership and UseTo claim the exclusion, the taxpayer must meet ownership and use tests. During a five-year period ending on the date of the sale, the homeowner must...
Read More ›The Economic Impact Payments (EIP) commonly refer to as Stimulus Payment is about to be phase out this tax season. If you have not received your stimulus payments, now is the time. The IRS have been sending out letters to taxpayers who they...
Read More ›Ok. So, you ask who is a tax accountant. The short answer, a Tax Accountant is someone who has been train in preparing income tax returns and is an Accountant. Thus, the term Tax Accountant refer to someone that specialize in the tax laws, rules,...
Read More ›The answer is no. If you owe the IRS, you will need to pay the IRS to continue as a Tax Preparer. Attorneys, certified public accountants, enrolled agents or anyone who gets paid to prepare tax returns may owe a penalty if they don’t follow tax...
Read More ›Like most Uber and Lyft drivers i.e. gig economy or rideshare workers such as DoorDash Driver, InstaCart, UberEats, Postmate, or Airbnb workers prepare for tax filing by waking up and gathering receipts laying around or pulling out receipts...
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