Being self employed has many advantages. Freedom, income potential, controlling one's destiny are a few. Remember that while some of those advantages also come with additional responsibility.To keep you on the right track, the following are some reminders for any self...
Month: February 2017
Do Not Leave Money on the Table
On Behalf of Demetrius J. Karos, Ltd. | Feb 8, 2017 | Tax Law
Your children are worth an enormous amount to you. They are also worth money on your tax return in the form of a Child Tax Credit. Here is some guidance about the credit. Five Things to Know About the Child Tax CreditThe Child Tax Credit is a tax credit that may save...
What is your Correct Status?
On Behalf of Demetrius J. Karos, Ltd. | Feb 1, 2017 | Tax Law
Choosing the correct filing status is important. The correct status might save you money and could eliminate the IRS coming back and challenging the status on a previous tax filing.Here is a brief synopsis of the each filing status: Choosing the Correct Filing...
Exemptions are Worth Money!
On Behalf of Demetrius J. Karos, Ltd. | Feb 1, 2017 | Tax Law
It is alway a good idea to review your exemptions and whom you support. This could be the situation in a divorce, elderly parents or the care for a another person's child. Here is a good review of some of the dependency requirements. How Exemptions and Dependents Can...
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