How to Prepare for the 2020 Tax Season

How to Prepare for the 2020 Tax Season

As the year winds down, the time to prepare to file taxes draws closer. The 2019 tax season is not extremely different from last year’s, but there are a few changes taxpayers should be aware of. For many, the Tax Cuts and Jobs Act of 2017 is still difficult to...
Top Ten Tax Deductions You Didn’t Know About

Top Ten Tax Deductions You Didn’t Know About

Taxpayers may be missing out on deductions, which significantly reduce their tax bills or even earn them money if they don’t know about these ten deductions.   Self-Employment Social Security- If you’re self-employed, you can deduct half of the 15.3%...
What Should I do If I’m Audited?

What Should I do If I’m Audited?

Every American citizen is required to report income tax returns to a government agency known as the Internal Revenue Service, known to many as the IRS. In many instances, the IRS reviews an individual’s information and accepts their payment or remits refunds as...