Tag Archives: Tax

TAX SEASON, IS HERE, LET’S REVIEW THE MOST IMPORTANT CHANGES

1. Do you own or use any virtual currency? Virtual or digital currency, such as bitcoin, has been around for a few years. What is new is where the IRS states that this convertible currency should be treated as property … Continue reading

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Earned Income Tax Credit Basics : What to Know to Claim It ( 1 of 2)

QUALIFYING FOR EARN INCOME TAX CREDIT Some taxpayers with lower-paying jobs may be eligible for an earned income tax credit (EITC), based on their income levels. The EITC is a refundable credit; if the credit amount exceeds the taxpayer’s tax … Continue reading

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On this Extra Day Keep Your Personal Information Extra Protected :TAX TIPS on Identity Theft

We know identity theft is a frustrating process for victims. Follow these Tips for Protecting your Identity this Tax Season. What is identity theft? Identity theft occurs when someone uses your personal information such as your name, Social Security number … Continue reading

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Important Changes to The Innocent Spouse Rule

The Internal Revenue Service announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests. “In recent months, it became clear to me that we need to make … Continue reading

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IRS News for Foreign Account Holders FBAR Requirements

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act may require you to report … Continue reading

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7 Healthy Tax Habits that Could Save Your Small Business & You

There’s not an entrepreneur in the world who likes tax time. Yes, it’s February, but its best to be prepared when it comes to April 15 or March 15 for Corporations (that’s right around the corner.) Now is the time … Continue reading

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Posted in Educacion Financiera, Education & Finance, Money Saving Tips, Small Business, Tax Tips | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

5 Retirement Tax Deadlines

 To take advantage of tax perks and avoid tax penalties, you need to meet IRS deadlines. Some retirement savings accounts must be utilized by Dec. 31, 2010, to get a tax break this year, while with others you have until … Continue reading

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