Tag: Tax

October 27, 2020

IRS releases new tax rates for 2021

The IRS on Monday released annual inflation adjustments for 2021, including tax tables, tax rate schedules, and accost-of-living adjustments, and other tax changes. Each year, the internal revenue s...

June 25, 2020

Tax Lien: What is it? How to Avoid it

 In an event of failed tax payment or tax debt neglect, the government can make a legal claim over a tax payer’s property, including personal property, real estate, and financial assets. Such t...

June 22, 2020

How is Rental Property Taxed?

While owning a rental property is a good investment and income stream, many choose to refrain from it mainly for complex tax issues. It is undeniable that rental income taxes are quite complicated com...

June 15, 2020

Tax Extension Period

A filing extension is a grace period granted to both individual taxpayers and businesses that are unable to file tax returns on or before the due date. To apply for an extension, taxpayers can complet...