by Ramdas | May 17, 2022 | Financial Planning, Individuals Articles, Tax Articles, Tax Tuesday
In November of 2021, the IRS released Chief Counsel Advice (CCA) 202151005 discussing rental activities and if self-employment tax should be calculated. CCAs can be thought of as discussions the IRS have internally to state their views on certain items. They are not...
by Ramdas | May 3, 2022 | Tax Tuesday
Helping Kids Build Healthy Financial Habits Building healthy financial habits is no easy task for a lot of adults, let alone kids. If you ask a kid what they would do with $100, majority of kids would say spend it. Kids observe adults from an early stage, picking up...
by Ramdas | Apr 12, 2022 | Individuals Articles, Tax Articles, Tax Tuesday, Withholding
The tax deadline is 6 days away (April 18). Did you get a surprise when finding out the results of your tax return for the year? Did you owe money? Was this something you weren’t expecting? One of the causes could be your tax withholding from your paycheck. ...
by Ramdas | Mar 8, 2022 | Individuals Articles, Tax Articles, Tax Tuesday
Recently, the IRS released an article talking about the 2022 tax season. In this article they covered several different topics which we will touch on a few here. First off, they have stated they are still processing 2020 returns. The article discusses several...
by Ramdas | Feb 8, 2022 | Child Tax Credit, Individuals Articles, Tax Articles, Tax Tuesday
Divorce and Taxes Going through a divorce is difficult and the last thing you want to think about is taxes, but it is important to have taxes mapped out in the divorce decree. Below are some items to consider when finalizing the decree. Who will claim the children?...
by Ramdas | Jan 11, 2022 | Child Tax Credit, Individuals Articles, Tax Articles, Tax Tuesday
The start of the new year is also the start of tax season. During January is when tax documents will start arriving via your inbox or mailbox. In addition to your usual tax documents, you should be on the look out for two new items this year. The IRS will be...
