The Federal income tax is a crucial component of the United States’ taxation system. It plays a fundamental role in … More
Tag: IRS
Unveiling the Tax Benefits of a Home Office: Maximizing Deductions and Minimizing Risks
As more and more people embrace remote work, the concept of a home office has become increasingly prevalent. Whether you’re … More
Navigating Financial Reporting Requirements for Non-Profits: A Guide for Museums and Galleries.
Financial Reporting Requirements for Non-Profits Non-profit organizations, including museums and galleries, have a different set of financial reporting requirements than … More
The Not-So-Funny Side of Generosity: Understanding Gift Taxes
Gift Taxes: The Not-So-Funny Side of Generosity It’s the season of giving, and many people are feeling extra generous this … More
The Inequitable Burden of Tax Audits on Low-Income Taxpayers and Communities of Color
Tax Audits: The Inequitable Burden on Low-Income Taxpayers Tax audits are a regular occurrence in the United States, with the … More
Don’t Let Estimated Taxes Stress You Out: A Guide for Self-Employed Individuals
As a self-employed individual, calculating estimated taxes can be a daunting task that often leads to anxiety and stress. However, … More
Tax Evasion: The Celebrity Scandal That Just Won’t Quit
Tax Evasion: A Celebrity Scandal That Never Goes Away Tax evasion scandals have been a consistent issue in the world … More
Why Taxation is Crucial for Modern Societies: Understanding its Implications on Individuals, Businesses and the Economy
Taxation is a necessary component of any modern society. It is important to understand how it works and the implications … More
Tax-Exempt Status and Political Scandals: Are Non-Profits Abusing Their Designation?
Tax-Exempt Status and the Growing Scandals in Politics In recent years, there has been a growing concern over the misuse … More
Controversial FATCA law aims to combat tax evasion by Americans holding offshore accounts
The Foreign Account Tax Compliance Act (FATCA) is a United States federal law that was passed in 2010. The purpose … More