by Clark Boyd | Feb 18, 2024 | Filing, Tax Planning
Reduce Your Self-Employment Tax Liability Self-employment taxes are a critical component of the tax system in the United States, impacting individuals who work for themselves. Understanding the nuances of these taxes can help self-employed individuals plan and manage...
by Clark Boyd | Feb 11, 2024 | Tax Planning
Education Tax Benefits: Maximizing Savings with Credits and Deductions Navigating the complexities of tax season can be daunting, but for those bearing the costs of higher education, there are valuable tax benefits that can ease the financial burden. Among these are...
by Clark Boyd | Feb 4, 2024 | IRS, Tax Planning
Essential Documents for Individual Penalty Abatement Penalty abatement is a great way to help reduce your client’s tax debt. Here’s how you can request apenalty abatement from the IRS. Let’s say you’ve determined that your client is eligible for a penalty...
by Clark Boyd | Jan 28, 2024 | Filing, Tax Planning
A Guide to Understanding the 2023 Child Tax Credit The Child Tax Credit (CTC) is a significant provision in the U.S. tax code designed to offer financial relief to families with qualifying children. As we navigate the 2023 tax year, it’s crucial to understand the...
by Clark Boyd | Jan 21, 2024 | Tax Planning
Tax Strategies Every College Student Should Know As the cost of college continues to rise and inflation soars, families are looking for ways to make ends meet. One way to do this is by taking advantage of tax breaks that can help offset the cost of tuition and...
