Whether you’re a small business filing as a sole proprietor, an s-corporation or a partnership, you can write off business loan interest on your annual federal income tax return. You can use Form 8990 to determine how much interest can be deducted and how much you can carry over to another tax year. Form 8890…
Since the beginning of the Covid-19 pandemic, about 36 million applications for unemployment benefits have been filed. According to the Washington post, 1.5 million workers filed for unemployment insurance during the second week of June alone, which is the highest in decades. You might be wondering what makes someone eligible to receive unemployment benefits. The…
TAX TIPS AND TRICKS TO UNDERSTANDING HOW TO FILE YOUR 2019 TAXES One of the most stressful days of the year is approaching upon us, Tax Day. April 15 falls on a Wednesday this year, and for many Americans, this is more riddled with anxiety than holiday shopping (we won’t mention how many days until…
If tax season isn’t your favorite time of the year, you’re not alone! Many people dread the paperwork and number-crunching involved in filing yearly taxes. There is, however, an easier way, and you don’t have to do it alone. A professional accountant can take much of the burden off your shoulders. Accountants have experience filing…
It’s that time of the year again—time to file your taxes. Many Americans groan at the thought of yearly tax prep. But the truth is, filing your taxes doesn’t have to be a dreaded chore. On the contrary, with the right checklist, you can file stress-free and ensure you’re getting the most out of your…