Category: Tax Tips
Home Office Tax Deduction: Rules, Who Qualifies?
Self-employed individuals who utilize a portion of their home for business purposes might receive a…
Tax Now, Tax Deferred and Tax Never
When it comes to taxation, investment and retirement, one should know tax consequences such as…
HOW DO TAXES WORK IN A LIVING TRUST?
A Living Trust is typically a Revocable Trust, which means that the Grantor has the…
TAX YEAR 2024: Form NJ-W4: What is it? How to fill it out.
The NJ Employee’s Withholding Allowance Certificate, also known as Form NJ-W4, is a New Jersey…
Tax Year 2024: When to Amend A Federal Tax Return.
Source Issue Number: Tax Tip 2024-38. When a taxpayer realizes that their federal tax return…
TAX YEAR 2024: FBAR (FinCEN Reporting Requirements)
Per the Bank Secrecy Act, every year you must report certain foreign financial accounts, such…
Tax Year 2024: What taxpayers need to know about digital asset reporting and tax requirementsTax Year 2024:
Issue Number: Tax Tip 2024-21 Taxpayers filing 2023 tax returns must check a box indicating…
Standard mileage rates for 2024
Source IRS IRS issues standard mileage rates for 2024; mileage rate increases to 67 cents…
Avoid a surprise next year; review tax withholding now before time runs out.
IR-2023-205, Nov. 3, 2023 WASHINGTON — With 2023 rapidly coming to a close, the Internal…