Everyone knows that an adoption can be very expensive. In order to facilitate more adoptions, the government provides a tax credit to help ease part of the cost of an adoption.Here is a brief summary of some important points on taking the adoption credit. Top Ten...
Tax Tips for the Self Employed
On behalf of Demetrius J. Karos, Ltd. | Mar 9, 2015 | Tax Law
Being self employed requires keeping track of one's business expenses as well as tracking and paying Federal and State taxes due. Here are a few simple tips to keep in mind when preparing your income taxes. Are You Self Employed? Check Out These IRS Tax TipsMany...
Debt Cancellation is Not Tax Free
On behalf of Demetrius J. Karos, Ltd. | Mar 5, 2015 | Tax Law
A Bank might be forgiving but the IRS is not. When a debt is forgiven or lowered, there might be a reportable income event with such forgiveness. Our US tax system treats this as income required to be reported in the year the debt was forgiven or modified. There are a...
Are My Unemployment Benefits Taxable?
On behalf of Demetrius J. Karos, Ltd. | Mar 3, 2015 | Tax Law
Your unemployment benefits may not be much but you can be assured that they are subject to income tax. Many elect to have no withholding on the unemployment benefits. Don't be surprised if your refund is small or there is a balance due. Here are a few tips regarding...
Categories
- blog (2)
- Estate Planning (23)
- IRS (14)
- Tax Controversy (9)
- Tax Evasion (16)
- Tax Law (89)
- Uncategorized (11)
Archives
- January 2021 (1)
- December 2020 (4)
- November 2020 (3)
- October 2020 (3)
- September 2020 (2)
- August 2020 (3)
- July 2020 (3)
- June 2020 (3)
- May 2020 (4)
- April 2020 (5)
- March 2020 (4)
- February 2020 (1)
- September 2019 (3)
- August 2019 (3)
- July 2019 (3)
- June 2019 (2)
- May 2019 (3)
- April 2019 (3)
- March 2019 (2)
- February 2019 (2)
- January 2019 (4)
- December 2018 (2)
- November 2018 (2)
- October 2018 (3)
- September 2018 (2)
- August 2018 (4)
- July 2018 (2)
- June 2018 (3)
- May 2018 (2)
- April 2018 (3)
- March 2018 (4)
- February 2018 (2)
- January 2018 (1)
- September 2017 (1)
- August 2017 (3)
- May 2017 (2)
- April 2017 (1)
- February 2017 (4)
- January 2017 (2)
- August 2016 (3)
- July 2016 (1)
- March 2016 (2)
- February 2016 (1)
- January 2016 (3)
- December 2015 (1)
- November 2015 (1)
- September 2015 (1)
- August 2015 (7)
- July 2015 (5)
- June 2015 (2)
- March 2015 (4)
- February 2015 (1)
- January 2015 (6)
- December 2014 (5)
- November 2014 (4)
- October 2014 (2)
- September 2014 (1)
- August 2014 (10)
