If handled correctly annuities can be beneficial in retirement plans. Here are the different types of annuities and how to use them in retirement planning.
Category: Tax Education
Whether we like it or not, taxes are part of our life. Governments impose charges on citizens and businesses as a means of collecting revenues to meet the demands of their societies. This is why it is important that citizens endeavor to pay taxes and understand that it is more than just a “money grab” from the government.
Understanding all tax regulations and legal requirements can be quite overwhelming for most people. Tax terminology can be pretty confusing too.
However, knowing your rights and obligations as a taxpayer and having an understanding of the rules and regulations can give you peace of mind and wisdom. You don’t have to be an expert, but it is crucial that you know the basics and the importance of taxes.
From terminology to laws, learn everything you need to know about how and when taxes are applied from Silver Tax Group blog page. Find answers to all your questions about filing taxes, getting refunds and more. We know everything about taxes – you can too!
Nanny taxes are federally required by household employees that’s income exceeds a certain threshold. Here’s what to know about filing nanny taxes.
A 401k plan is a great way to begin planning for retirement, but 401k blackout periods can be confusing. Find out about them and how long they last.
Tax laws are constantly changing, and it often can be difficult to keep up. Learn all about the IRS Priority Guidance Plan and upcoming tax code changes.
Calculating Roth IRA Basis is an essential part of effectively planning for your future. Learn how to accurately calculate Roth IRA Basis for your taxes.
Filing taxes is complicated, and the IRS is strict about who is eligible to file them on other’s behalf. Learn what to do if your EFIN application is denied.
Own a cattle farm? Use these cattle tax deductions to save money on your taxes next year. These are the 5 biggest tax breaks for farmers.
Annoyed with receiving tax refunds late? Refund transfers can be a great way to expedite receiving your tax returns.
If you’re looking for an easy way to get your tax refund deposited right into your normal bank account, then Form 8888 is for you. The document was designed to help the Internal Revenue Service (IRS) issue direct deposits of tax refunds, and is a great way to streamline the process of receiving your check and making sure it goes where you need it. Instead of having to wait for weeks or even months for your check to arrive in the mail, you can simply file this form to send your refund straight to your checking or savings account, depending on where you’d like for the money to go. You can also allocate just part of your refund to a single account, easily splitting the amount so you can manage your money according to your needs.
Here we discuss the three filing status choices married couples have when filing their income taxes and advantages and disadvantages associated with them.
We developed this guide to share some unique difficulties when those gambling earn large amounts of money face. Keep reading to learn more about the required tax forms you need.
Hiring a tax attorney is an important decision. Before hiring a tax attorney, make sure you ask these critical questions.
In these uncertain times, homeowners may have difficulty paying their mortgages, leading to a house foreclosure. Here’s the potential impact a foreclosure can have on your taxes.
Here’s what you need to know about Roth 401(K) and a Roth IRA conversion ladder, including the steps to creating a Roth IRA conversion ladder.
When you have an estate plan, you control your estate. Once you have a solid estate plan, you do not have to worry that your assets will go where you want them to go after your death.
When you receive a notice from the IRS, you jump to attention and begin to remedy the situation. Here’s a look at some messages from the IRS that you should never ignore and how to spot a scam.
When someone files for bankruptcy, they need to know the difference in the options available to them and how that will impact their income taxes moving forward.
If you have not yet received your stimulus payment, you might be concerned that you won’t receive one or that you are ineligible. Speak with a trusted tax advisor today to learn your best next steps.