by Ellen Domorad | Jun 24, 2019 | Blog
Making mistakes on your tax return can cost you money: You may miss out on a larger refund than you claimed, wind up owing more taxes – plus interest and penalties – or invite an IRS audit. The best defense against these results is a good offense, namely avoiding...
by Ellen Domorad | Jun 24, 2019 | Blog
What is Tax Relief Tax relief is any program or incentive that reduces the amount of tax owed by an individual or business entity. Examples of tax relief include the allowable deduction for pension contributions, and temporary incentives such as tax credits for the...
by Ellen Domorad | Jun 24, 2019 | Blog
What Is the IRS Publication 15 (Employer’s Tax Guide) The IRS Publication 15- Employer’s Tax Guide is a document published by the Internal Revenue Service detailing an employer’s responsibilities for filing and reporting tax information. The document...
by Ellen Domorad | Jun 24, 2019 | Blog
What Is the Internal Revenue Service (IRS)? The Internal Revenue Service (IRS) is a U.S. government agency responsible for the collection of taxes and enforcement of tax laws. Established in 1862 by President Abraham Lincoln, the agency operates under the authority of...
by Ellen Domorad | Jun 24, 2019 | Blog
What Is the Pretax Rate of Return? The pretax rate of return is the return on an investment that does not include the taxes the investor must pay on this return. Because individuals’ tax situations differ and different investments attract varying levels of...
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