FAQs
Charitable Contributions FAQ
Charitable contributions are donations made to qualified tax-exempt organizations, such as nonprofits and etc.
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Business Taxes FAQ
Businesses may be subject to various taxes, including income tax, payroll taxes, sales tax, property tax, and excise taxes.
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Taxes and Investments FAQs
Investments are typically taxed based on the type of income they generate.
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Self-Employment Tax FAQs
Self-employment tax is a tax paid by individuals who work for themselves, such as freelancers and etc.
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Tax Forms and Documentation FAQ
The IRS has simplified the process by consolidating these forms into Form 1040 for most taxpayers.
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Tax Deductions and Credits FAQ
This deduction is available for both federal and private student loans.
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Tax Filing Basics FAQ
For the tax year 2023, single individuals under 65 must file if their income is at least $12,950, while married couples filing jointly must file if their income is at least $25,900.
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Tax Identity Theft and Fraud Prevention FAQ
Tax-related identity theft occurs when someone uses your stolen personal information to file a fraudulent tax return, and etc.
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Tax Planning for High-Income Individuals FAQ
High-income individuals can utilize strategies such as deferred compensation plans, stock options, and etc.
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Retirement & Social Security Taxes FAQ
There are two main types of retirement accounts: tax-deferred accounts and roth accounts.
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IRS Audits & Exams FAQ
An IRS audit can be triggered by various factors, such as inconsistencies or errors in your tax return, unusually high deductions or credits, & etc.
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Tax Refunds & Payments FAQ
A tax refund is a reimbursement from the government when you’ve paid more in taxes throughout the year than you owe.
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Tax Laws & Changes FAQ
The Inflation Reduction Act of 2022 is a major piece of legislation that includes a number of tax law changes
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Foreign Income & International Tax FAQ
Yes, as a U.S. citizen, you are required to report your worldwide income to the IRS, including income earned abroad.
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