by aubreyandbryan | Jan 3, 2024 | Solve Your IRS Tax Problems
Dealing with the IRS can often be intimidating and complex. Whether it’s an audit, a tax lien, or unfiled returns, navigating the labyrinth of IRS rules and regulations is not a task for the faint-hearted. Fortunately, professional assistance is available. Here are...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
1. Charitable Donations: Consider alternating years of higher donations to exceed the standard deduction, which for 2023 has increased to $12,950 for single filers and $25,900 for married filing jointly. By itemizing in high-donation years and taking the standard...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Deducting Educator Expenses With the 2017 Tax Cuts and Jobs Act came a massive increase in the standard deduction. In 2019 and 2020, Forbes magazine estimates that over 90% of taxpayers will take the standard deduction rather than itemize on Schedule A. That’s good...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
Tax Cuts and Job Act of 2017: What Does It Mean for Clergy and Missionaries? A brief summary on the TCJA and how it might affect your ministry budget and your personal tax returns as a pastor or missionary. Did you relocate to a new congregation in 2019? The IRS no...
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
If you recently moved to Ohio, you may have heard a neighbor lament about the “RITA Tax.” But what is the “RITA Tax?” You may be surprised to learn that the “RITA Tax” does not exist. RITA, simply put, is a method that some Ohio municipalities use to collect taxes....
by admin | Nov 16, 2022 | Solve Your IRS Tax Problems
If you started a business in 2019, the IRS will allow you to deduct up to $5000 of your start-up costs when you file your first tax return. Generally speaking, start-up costs are those expenses incurred while investigating, creating, or engaging in for-profit...
