How to Deduct Health Insurance as an S Corp Owner

How to Deduct Health Insurance as an S Corp Owner

Eligibility To deduct health insurance as an S corp owner, you must meet the following criteria: You must be a more-than-2% shareholder of the S corporation. You must be an employee of the S corporation and receive wages from the S corporation. The health insurance...

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Your State May Have an Additional Child Care Credit

Your State May Have an Additional Child Care Credit

As most parents will tell you childcare is expensive and leaving your child is STRESSFUL if you cannot find or afford a caregiver or school you trust with your precious child.  Unfortunately, according to care.com, “More than half — 59% — of parents say...

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How Long Should I Keep My Tax Records

At the end of tax season, you might be wondering what you should do with all your paperwork. If you are like most people after filing taxes, you might have tons of pay stubs, canceled checks, receipts, tax forms, and various other types of documentation. While you...

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4 Reasons to Hire a Tax Resolution Specialist

Every year, American taxpayers owe out billions of dollars in tax debt. As such, it leaves many people wondering if there are ways to negotiate their tax debts with the IRS. In this guide, you will learn whether you have options to do so and what steps you need to...

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IRS Tax Scams What To Watch Out For

IRS Tax Scams What To Watch Out For

Warning about IRS Tax Scams If there’s one thing you can count on scammers to take advantage of, it’s a global catastrophe. Any time there is an emergency, natural disaster, or common threat, scammers leap into action to attempt to rip your good intentions right out...

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Understanding the IRS Tax Debt Relief Process Part 2

Understanding the IRS Tax Debt Relief Process Part 2

Apply for Offer in Compromise   Now that you understand how to prepare youself and what options are available, let's review how to present an Offer in Compromise. Remember, an Offer in Compromise is when you, the taxpayer, makes an offer to clear your debt for...

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