A pension is a guaranteed monthly cash payment to provide citizens Saving for retirement is crucial for anyone who wants to ensure financial stability in their golden years. The two most common types of retirement accounts in the United States…

Self-employment tax is a tax that individuals who work for themselves are required to pay As the gig economy continues to thrive, more and more individuals are becoming self-employed. While this can be a great way to work on your…

The Tax Code regulates the relations that arise when taxes are established As the world changes, so do the tax codes that govern our finances. The tax code for 2022-2023 is no exception. This new tax code brings many changes,…

It is important to know how to solve tax problems Taxes can be tricky and complicated, and it’s common to encounter tax problems. Whether you owe money to the IRS, are dealing with a tax audit, or have other tax-related…

There are penalties for late payment or non-payment of taxes As taxpayers, we all want to avoid the headache of dealing with penalties and interest charges. Unfortunately, staying on top of our taxes is not always easy, especially with the…

The global minimum tax is a guarantee of fair taxation The world of international taxation is about to experience a major shift. After years of debate, the Organisation for Economic Co-operation and Development (OECD) announced in July 2021 that 130…

The tax profession is also one of the most important and promising areas of finance As we all know, taxes are an essential part of our lives, and they are crucial to the functioning of any modern society. The tax…

Find out important information about tax preparation before the tax season Tax season is upon us, and it’s time to start preparing for filing our tax returns. Tax preparation can be overwhelming, especially if you don’t have experience with taxes.…

The tax form is one of the most important documents required for filing a tax return As the tax season approaches, many taxpayers are starting to gather the necessary paperwork to file their tax returns. One of the critical documents…

Reimbursement and Collection Notices are designed to help taxpayers As tax season approaches, taxpayers across the United States are getting ready to file their tax returns with the Internal Revenue Service (IRS). While the process can be stressful, the good…

The IRS allows taxpayers to claim two types of mileage deductions As we usher in a new tax year, it’s essential to keep abreast of the mileage rates that will apply in 2023. For many taxpayers, mileage deductions can be…

The IRS has designated January 23 as the official start of the 2023 tax filing season As tax season approaches, it’s essential to start preparing early to avoid the last-minute rush and ensure you don’t miss any important deadlines. Whether…