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How to Minimize Taxes from Gambling Activities

Gambling, when done in moderation and legally, can be a fun activity for many to partake in. In the event that you strike it rich, you’ll probably ...

What is the IRS Form 2553?

The IRS has so many different filing forms that it is not always easy to keep track of what is what. However, it is very important because filing err...

How Does Bankruptcy Impact Your Taxes?

Bankruptcy is a scary word for many individuals, but what most people don’t know is that it can also offer a glimmer of hope for those seeking a fr...

Top 4 Tax Filing Issues for Doctors

The Tax Cuts and Jobs Act was one of the most influential and game-changing tax reforms in recent memory. Some taxpayers claim that the changes impro...

How to File Back Taxes on Your Tax Return

Back taxes is a term used to describe money owed to the IRS that was not paid at the time it was due. While back taxes are frustrating, the good news...

The Steps to Disputing a Tax Assessment

There are two sides to people's relationship with property taxes. In general, homeowners despise them and often resent forking over the money. On the...

How Do I File Taxes for an S Corporation?

There are two types of corporations in the eyes of the IRS: C corps and S corps. An S corporation is like a version of a C corp yet features investme...

Small Business Help: Will Hiring Contractors Help Lower My Taxes?

Most small businesses begin with just the founder and sometimes operate that way for years. When it is time to expand operations and begin hiring add...

What is the Penalty for a False Deduction?

Tax deductions are a method of reducing taxable income. Deductions are most commonly utilized as a way to cite expenses, especially those related to ...

How to File Taxes If You Own an LLC

Small and medium businesses (SMBs) face certain challenges with taxes that are not typical of your average taxpayer. First, SMBs need to incorporate ...

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How to File Taxes If You Own an LLC

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