by PSA CPA | May 1, 2023 |
Those who owe taxes this year may be thinking if it’s a good idea to pay them with a credit card. This may appear to be a risky proposition, but there are instances when it makes sense. For example, suppose you plan to have enough money to pay your taxes but won’t...
by PSA CPA | May 1, 2023 |
There are several parallels between being self-employed and owning a small business. For instance, both empower you to be your own boss! However, when it concerns filing taxes and reporting company revenue, your official business classification might signify quite...
by PSA CPA | May 1, 2023 |
If you own any form of property in the United States, the law requires you to pay a Property Tax on a regular basis. People frequently ask if this tax must be paid on a continuous basis, until the property owner passes away. The brief response is that any property...
by PSA CPA | Apr 24, 2023 |
Now that the initial tax deadline has passed, If you did not complete your tax return, you ought to have submitted Form 4868, Application for Automatic Extension of Time to File, with the IRS. The extension offers you an additional six months to file your tax return,...
by PSA CPA | Apr 1, 2023 |
If you, your spouse, or dependents had considerable medical or dental expenditures in 2022, you may be eligible to deduct those costs when filing your tax return this year. What you should know about medical and dental bills, as well as other benefits: Itemizing: Only...
by PSA CPA | Apr 1, 2023 |
Are you putting off filing your taxes? What occurs if you fail to pay on time? The 2022 tax deadline of April 18, 2023 is less than three weeks away. The IRS anticipates that the majority of individuals will have submitted their returns by this date. Those who do not...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…