Taxes
Latest Taxes News
What Documents Do I Need to File My LLC Taxes?
If you are the owner of an LLC and want to file the correct tax return for your business, the…
There’s Still Time To File Your Tax Return (Or File For An Extension)
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
I’m Receiving $3,500 Per Month From Social Security. How Can I Reduce My Taxes?
Social Security can generate real income.The more you earned during your working life, up to each year’s income caps, the…
Accidental Americans Learning They Are Citizens Face A Tax Dilemma
Increasing numbers of people are contemplating renouncing their U.S. citizenship. This striking trend was uncovered by a recent Greenback Expat…
Available Education Tax Credits You Can Claim
For students and their parents, there are two tax credits that can help with the costs of higher education. The…
What Is the Tax Underpayment Penalty and How Can It Be Avoided?
Understanding tax payments and the potential repercussions of underpayment is crucial. The tax underpayment penalty is one such charge that…
Gearing Up For The 2025 Energy Tax Debate
The guidance implementing the energy tax credits in the Inflation Reduction Act is not yet complete, but it’s already time…
When and How to Report a 1031 Exchange on Your Tax Return
A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting…
Federal Court Grants Summary Judgment Motion On Willful FBAR Penalty
Litigation in federal court is analogous to a game of chess. Although each side has a limited number of moves,…
I’m Selling My House to Downsize for Retirement, and I’ll Net $620k. Do I Have to Pay Capital Gains Taxes?
When you sell your primary home, the IRS allows you to exclude a significant portion of the profit from your…
