Following the announcement made by the IRS in March 2020, the deadline for federal tax filing was extended to July 15. The extension was triggered by the outbreak of coronavirus in the United States i...
Restaurants were one of the hardest-hit sectors during the wake of the COVID-19 pandemic, with closures and limitations cutting off potential revenue. The Restaurant Revitalization Fund (RRF) was ...
Attention all taxpayers! If you filed your tax return for the year 2019 but neglected to claim your refund, time is running out. The Internal Revenue Service (IRS) has announced that taxpayers have un...
What is Backup Withholding (BWH)?It is expected of every taxpayer with certain kinds of income payments to report these payments on an information return (federal income tax return). The income paymen...
A filing extension is a grace period granted to both individual taxpayers and businesses that are unable to file tax returns on or before the due date. To apply for an extension, taxpayers can complet...
Stimulus Checks and Programs in the US Stimulus checks are cheques issued by the US government to taxpayers to increase their spending p...
If you are a partner in a partnership or a member of a limited liability company (LLC), then you are familiar with Form 1065. This tax return form is used to report the financial information of your b...
A 401(k) Plan is a retirement plan designed by the US government and sponsored by the employer for an employee. The name of the plan is coined after a section of the US Internal Revenue Code. The plan...
As a beginner investor in real estate, have you ever gotten to that point where all the available strategies in podcasts, blogs, and videos seem overwhelming that you find yourself stuck in the middle...
The American Rescue Plan's Child Tax Credit provides the largest Child Tax Credit in history, as well as historic relief to the greatest number of working families ever ...