Understanding Filing Requirements and Non-Compliance Penalties for Exempt Organizations 

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Article Highlights: Annual Filing Requirements Understanding Which Form to File Due Dates and Extensions Online Filing Options Consequences of Late Filing or Non-Filing Monetary Penalties for Filing Non-Compliance Other…

Taxpayers Living Abroad, June 16, 2025, Is an Important Filing Deadline

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Article Highlights:  Americans Living and Working Abroad Extension Requests Report of Foreign Bank and Financial Accounts (FBAR) Statement of Foreign Financial Assets Estimated Tax Payments Estimated Tax Safe Harbors June…

Maximize Your Tax Savings: A Small Business Owner’s Guide to Essential Tax Deductions

We’ve seen firsthand how optimizing your tax deductions can create real, measurable benefits for your business. With inflation driving up expenses and economic uncertainty still lingering, small business owners need every strategic advantage…

Unlock Savings: How the Child and Dependent Care Credit Can Ease Your Childcare Costs

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Article Highlights: Qualifying Expenses Whose Care Qualifies Filing Requirements for Married Taxpayers Maximum Amount of Expenses Eligible Imputed Income for Disabled or Full-Time Student Spouse Credit Percentages Based…

Navigating the Complexities of Estimated Tax Payments to Avoid Underpayment Penalties

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Article Highlights: The Intricacies of Estimated Safe Harbors Understanding Underestimated Penalties Estimated Safe Harbors Ratable Payments Requirement Uneven Quarters and Computing Penalties Workarounds: Increasing Withholding…

Cash Flow Management Amid Tax Payments: Keep Your Business in the Green

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When tax season rolls around, small and medium businesses often feel like they’re juggling flaming torches—one wrong move and everything could come crashing down. Balancing operating expenses with looming tax obligations isn’t just a challenge;…

Can’t Pay Your Taxes? Explore These Alternatives to Manage Your Tax Liability

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Article Highlights: If You Can’t Pay Automatic Extension in Federally Declared Disaster Areas Family Loans Home Equity Loans and HELOCs Credit Card Short-term Payment Plan IRS Installment Agreement Tap a Retirement…

IRS Wage Garnishment: What It Means, Why It Happens, and How You Can Stop It

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Picture This… It’s Monday morning. You’re running on caffeine fumes and a sliver of hope as you open the mail. Then—bam—you see it. A letter from the IRS. You scan the page, your eyes land on those dreadful words: “Wage Garnishment.”…

How Living in a Community Property State Impacts Married Couples’ Taxes

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Article Highlights:  Community Property Laws Community Property States Domicile and Its Importance Treatment of Community Property Community vs. Separate Property When Community Property Ends Special Rule for Spouses…

Navigating the Complex Tax Maze for Student-Athletes

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Article Highlights: Scholarships Grants and Financial Aid Income from NIL (Name, Image, and Likeness) NCAA Eligibility and Tax Considerations Part-Time Jobs Student’s Standard Deduction Education Credit Student Loan…