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tax-resolution

Is Alimony Tax Deductible?

By | Blog, Tax Tips

After 70 years of the same alimony tax rules, the Tax Cuts and Jobs Act (TCJA) brought in the end of an era. Under this law, alimony deduction was eliminated from the tax code beginning January 1, 2019 through 2025. If your divorce was finalized before 2019, the old rules…

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tax-services

The Truth about Tax Extensions

By | Blog, Tax Tips

Filing for a tax extension can be a huge relief in many circumstances – they allow you an additional 6 months to file your tax return. The only problem with them is, some people are unaware of what they really do and do not do. This extension made to assist…

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20% Qualified Business Income Tax Deduction

By | Blog

One of the most prominent tax deductions for this 2018 tax year is the 20% Qualified Business Income (QBI) tax deduction, also known as Sec 199A of the IRS tax code. Effective for tax years beginning after December 31, 2017 and before January 1, 2026 taxpayers that are not corporations…

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What is a Tax Resolution company?

By | Blog

A Tax Resolution company is a tax business that specializes in resolving back tax debts for individuals or businesses with the IRS and State. Unlike your normal tax offices like H&R Block or CPAs who only deal with current year tax returns, Tax Resolution companies file back tax returns and…

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What You Must Know About Cryptocurrencies And Taxes

By | Blog

taxLately, I have noticed a small but consistent increase of employers using Bitcoin and other cryptocurrencies to pay their employees instead of using physical currency. I started to research more about cryptocurrencies and if, these virtual currencies, are also subject to taxation just as much as physical currencies are by…

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