As a homeowner you will want to be sure maximize your tax deduction, here is a list of the documents you will need to prepare your tax return as a homeowner. 1. 1098-Mortgage Interest Statement 2. Real Estate Tax Receipts 3. DMV Registration Bill 4. Charitable contribution receipts. 5. W2s…
S-Corporation Save Tax First off for clarification, as most don’t know the difference, an S-Corporation is not always a corporation. An S-Corporation is strictly just a tax entity, whereas an LLC or Corporation are legal entities. However, in order to be taxed as an S-Corporation, you will need to first…
Recently, the IRS has unleashed four private debt collection agencies to farm out tax debts. In 2015, under Section 32102 of the Fixing America’s Surface Transportation Act (FAST Act), Congress authorized the outsourcing of tax collections by the IRS to 4 private agencies. Now the IRS has recently begun to…
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