Tax Tips

Best Tax Tips for Small Business

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For a small business, the end of the year means a lot of things. From thinking about and determining what you want to achieve the coming year to beginning on the goal setting process. You also are in the middle of holiday shopping for your colleagues, clients, vendors and employees. And the end of the year signifies the time for one of the most important tasks, the task of closing …

Robert AcevedoBest Tax Tips for Small Business
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How To Increase Your Tax Refund

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Most Americans do not like paying taxes and they would much rather get as much money back as possible. The good news is that there are ways in which you can increase your tax refund. Here are the top 10 ways to do so:

1.    Rethink your filing status

Your filing status will be one of your most important considerations while you complete your tax return and this can affect …

Robert AcevedoHow To Increase Your Tax Refund
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Tax Tips for Small Business Owners

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Tax and businesses are like two wheels of the same car. One simply couldn’t exist without the other. In order for a business to run smoothly and in compliance with the law, tax duties should neither be forgotten nor ignored. The large fishes of the industry have been dealing with taxes for ages and probably have hired a group of experts for maintaining just that. But then there are new …

Robert AcevedoTax Tips for Small Business Owners
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How to Get FIRPTA Withholding Back

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What is FIRPTA Withholding?

FIRPTA stands for Foreign Investment in Real Property Tax Act. It was passed in 1980 and it basically underlines the rules of buying and selling interest or share in real property inside the US by foreign sellers.

The act authorizes the United States to levy taxes on those sellers who are not US citizens or nationals, and wish to sell the partial interest in the real …

Robert AcevedoHow to Get FIRPTA Withholding Back
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When Is The Last Day To File Taxes?

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The tax deadline to file taxes has been revealed. The IRS recently announced that Monday 18 April, 2016 is the last day to submit the tax returns. The Internal Revenue Service (IRS) is the authority in US, which decides the date for the submission process, and every year the tax deadline is announced over their official website. However, it is not necessary that the date of submission or deadline will …

Robert AcevedoWhen Is The Last Day To File Taxes?
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How To File Taxes Without A W2

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Before knowing how to file taxes without a W2, it is important for you to understand what filing taxes means, who’s eligible for filing taxes and what’s the procedure involved. The United States witnesses frenzy and chaos when the time for filling taxes comes around. Filling taxes is basically reporting whatever you’ve earned in the previous year in order to claim the deductions you’re entitled to. You can lower …

Robert AcevedoHow To File Taxes Without A W2
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When Is The Earliest I Can File Taxes

Are you panicking because the tax season has started and you have not prepared your taxation documents? There are many tax payers who procrastinate while there are only few tax payers who prepare early and question, ‘when is the earliest I can file taxes’. Those tax payers who procrastinate suffer from some terrible consequences too, such as high penalties, fines, and even arrest warrants. It is always safe …

Robert AcevedoWhen Is The Earliest I Can File Taxes
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How Can I File My 2015 Taxes

The progress of a country and the betterment of its people largely depend on the strength of a country’s economy. The most important proponent of a country’s economy is the revenue that it generates which can often largely depends on the amount of tax that a country is able to gather. This is an important aspect and needs to be remembered when people are filing for taxes. Yet, as people …

Robert AcevedoHow Can I File My 2015 Taxes
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How Early Can I File My Taxes

Usually tax accountants hear some common questions at the beginning of each year such as ‘when will the tax season begin?’, ‘how early can I file my taxes?’, ‘when can I file my taxes for the previous year?’, ‘when can I claim on my taxes?’, ‘when is the earliest I can file my taxes?’, ‘how soon can I file my tax return?’ or ‘will I receive my refunds

Robert AcevedoHow Early Can I File My Taxes
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What Should I Claim On My Taxes

The first thing that comes to an average person’s mind when they file their tax returns is “what should I claim on my taxes”. Deductions and tax credits are an important part of your tax return savings that can be claimed. It is important to note that using either of these can ensure that you get a lower tax bill than usual.

While paying tax may be a service to …

Robert AcevedoWhat Should I Claim On My Taxes
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