by admin | Jun 6, 2024 | TaxBiz
🔎 Of all the things that take parents’ sleep away, looming college costs may be among the most daunting: For the 2023-2024 school year, costs for a private four-year college averaged $55,470 per year for tuition, room, board, books, transportation and other...
by admin | May 30, 2024 | TaxBiz
🏠 The home has traditionally been the largest asset for most Americans, and in addition, it can provide financial stability by acting as a source of home equity for retirement income Home equity is the value of the home minus any debts you have, such as a mortgage....
by admin | May 23, 2024 | TaxBiz
The term “independent contractor” defines how you earn income and your relationship with the people or companies you work for. It is not any particular type of business structure, as independent contractors are free to choose the structure that best suits...
by admin | May 8, 2024 | TaxBiz
🛑 Taxpayers can take a hit to their wallets if they don’t use the IRS tax withholding calculator, according to a warning issued by the Federal Agency. Americans often get hit with “surprise fees” when their previous year’s tax refund was too...
by admin | May 2, 2024 | TaxBiz
📕 April 15 was the federal deadline for most taxpayers to file returns and pay taxes, even with a lien extension, which moves the filing deadline to October 15. Now, if we’re having trouble covering the full amount of taxes, at Wave Tax we always recommend...
by admin | Apr 16, 2024 | TaxBiz
Many taxpayers use S corporations or C corporations to legally reduce income taxes, payroll taxes, and self-employment taxes for their businesses. However, without careful planning, a taxpayer may have a surprise tax bill from using a corporation for federal tax...
