Here's everything you need to know about filing taxes as an American expat, including US expat tax deadlines, due dates, services, etc.!

If you have elected to set up your business as an LLC (Limited Liability Company), the next question you may have is, How to File Your LLC Tax Return. When an LLC is formed, you can choose the way you are taxed by the federal government. This flexibility is also what makes the LLC structure desirable to small business owners.

The infamous Schedule C explained in plain English by an accountant and fellow maker

Filing a single parent tax form? Did you know there are special tax credits for you? What to know about changes for 2024.

Do you owe the IRS money, but are confused about how to fill out the Form 9465? Income Tax Returns can often be daunting especially if you find out that ...

Sometimes a limited liability company or LLC has a year with no business activity. Maybe it's a newly formed LLC, which hasn't started doing business yet or it's an older LLC that hasn't been formally dissolved. Whatever the reason for no income, does the LLC need to file a tax return?

Tax time is just a few months away and it helps to know the types of tax deductions that help people save some money. Be in the know come tax season.

Yes, owing taxes SUCKS, especially when it is an absolute surprise. Here are three ways to reduce the amount of taxes owed.

If your business is organized as an LLC, your tax professional may recommend that your business entity be taxed as a sole proprietorship, a partnership, or a corporation, and you may be responsible for self-employment taxes in addition to federal taxes and state income tax.

Learn the difference between a CFO, CPA and Bookkeeper, and how to determine which one you need to help your money management!

Form 1040 is the main tax form used to file a U.S. individual income tax return. The 1040 shows income, deductions, credits, tax refunds or tax owed to the IRS.

Virtual Tax Preparer email templates will help Tax Pros provide real time updates from onboarding the client and until the client has been successfully funded by IRS. If you use automations, it's a great edition to your email workflow.  In this customizable 9-email sequence, you’ll get: We received your intake form... We need additional information... Invitation to the customer portal has been sent... Your tax quote is complete... Your tax return has been accepted... Your tax return has been rejected... IRS has approved your refund... We love referrals... We appreciate your feedback... Suitable for Virtual Tax Professionals  This bundle is for Personal Use ONLY and may not be resold or distributed without consent. After purchase you will receive a PDF. Open that file and begin to edit your template. **Disclaimer The elements used in this design were free Canva elements at the time of creation. However, Canva reserves the right to make any element premium at any time without notice. As such, the user of this design should be aware that the elements used may no longer be free in the future.

I’m Heather Ryan, also known as the Tax Queen. (But you can just call me Heather.)

You've waited long enough.

A tax audit is a long shot for most people – according to TurboTax, only about 1 percent of all returns are subject to a second look by the Internal Revenue Service. If yours is among that small percentage, however, the IRS won't just take your word for it that your deductions are legitimate and correct. ...

Organizing your Bookkeeping for Tax Time does not have to be painful. Here are some tips to stop some of the overwhelm. This blog post is going to highlight 2 ways of organizing your Bookkeeping. It is not all inclusive and I suggest you choose the way that is best for your learning style! … How to Organize your Bookkeeping for Tax Time Read More »

As millions of Americans file and complete their 2018 taxes, some have been shocked by a minimal return, including several who are now paying out to the Internal Revenue Service after years of receiv…

IRS audit. These are the words most of us would prefer to avoid if at all possible. Am I right? Here are 7 red flags to help you avoid an IRS audit.

At the start of the pandemic, the number of people working from home increased significantly—but not all of them will qualify for the home office deduction. If you are self-employed or a partner, which is an owner in a partnership and primarily work from home, you may be able to take a deduction for your […]

The Internal Revenue Service has held two special walk-in Saturdays this year at its Taxpayer Assistance Centers (TACs) across the United States. Two more are scheduled for April and May. The no-appointment-needed sessions are welcomed by taxpayers who need help (note, however, that the TAC reps aren't offering tax return filing assistance), as long as you can find them. A recent report by the Treasury Inspector General for Tax Administration (TIGTA) found that's not always easy, especially if you search online for a TAC office. Issue reported by the IRS: To the IRS' credit, the agency brought this concern to...

Fix a tax return error by filing an amended tax return. You have three years from the time you file or two years from the time you pay to claim a refund.

Disallowable expenses are things you can't put on your tax return to reduce your tax bill. But which ones are they? Find out in this guide with examples.

Tax season doesn’t have to be a yearly struggle! Knowing what you need to prepare can make tax season a breeze when using the free printable Income Tax Prep Checklist.

Op mijn andere blogt (lifefluencer.nl) had ik een persoonlijk bericht geplaatst. Dat ging over dat ik budgetbeheer vrijwillig had aangevraagd. Geld is altijd een ding geweest, vroeger al. Ik merkte…

In my last post: Promised the world; given an atlas: A personal service experience (Part A) I shared my service experience as I attempted to file a tax return online in a new country. In this post …

Being an expat isn't easy, and filing U.S. from abroad is one of the more annoying things about being an expat. Luckily, there is an easy way to do it.

Guide for Gluten-Free Tax Deduction and Special Diets: people diagnosed with Celiac Disease or medically necessary diets may earn tax credits.

Are you preparing to file your tax returns? This guide provides 11 useful tips on how to get the largest tax refund possible.

Do you know how the Notary fees you’ve been paid need to be reported on your income tax? Take our quiz and see how prepared you are for April 15.

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A few weeks ago I wrote about the massive tax benefits to investment property owners and business owners who also own commercial real estate using a cost segregation study. Some of you took me up on the offer and now are up for a significant tax reduction. Then the problems started. I didn’t anticipate the large number of tax professionals who didn’t know how to handle cost segregation studies on a tax return. Before you call your tax preparer bad names, know most tax professionals rarely, if ever, see a cost segregation study in their office. When the rules changed a few years back I doubt 1 in 100 accountants handled their client tax returns correctly as it pertained to the repair regs and tangible property rules. The good news is the changes only required certain actions in the first year of accounting method changes. The bad news is that most tax professionals don’t know how to handle a cost segregation study on the actual tax return when a client comes in with one. Not to worry. Your favorite accountant will spill the beans on how to get it done right. No picking on your accountant either. This is advanced tax planning and tax law can be miles from tax application at times.

The facts about land transfer taxes for home buyers in Toronto and Ontario

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