Bil Lako, CFP®, shares advice on choosing your tax return preparer, because regardless of who prepares it, you are responsible for the information contained in your tax return.
The penalty for failing to report specified foreign financial assets for a tax year is $10,000! Learn more in this week’s Tax Tip.
If it’s tax time, you are certainly looking for deductions. There are many legitimate deductions that include certain medical expense, unreimbursed employee expenses and even tax preparation fees.
Social Security has transformed many times since 1935 becoming more than just continuing income for the retired worker.