POSSIBLE IRS ESTATE TAXES AFTER SOMEONE DIES, COLLEGE STATION TEXAS In a situation when someone passes away, taxes would be the last thing on the minds of loved ones left behind. But unfortunately, the heirs of an estate of the deceased person or the beneficiaries of a trust of the deceased person must one way [...]

HOW TO AVOID IRS TAX BY LEAVING YOUR PROPERTY TO FUTURE GENERATIONS Several communities in the United States are having a wonderful time again. According to data from the Seattle house price estimation, house prices in East Hampton, New York City and Beverly Hills rose by about 10% last year (2019). There is a Fisher [...]

Common home utilities IRS DEDUCTIONS FOR EARNED INCOME TAX CREDIT The earned income tax credit system helps taxpayers with low income to get more money back if they file an individual federal income tax return. Getting a income tax credit means you're eligible for more tax refunds because it reduces the tax you [...]

IRS TAX HELP FOR PEOPLE WITH DISABILITIES The Internal Revenue Service (IRS) has helped to promote business start-ups and business activities for businesses with disabilities and those who provide jobs for people with disabilities as well. The IRS created a support group and they are expanding the support of the support group to strengthen customized [...]

HOW MULTINATIONAL RESIDENTS AVOID INHERITANCE TAX The term "multinational resident" refers to an individual who is associated with two or more countries. Multinational residents are mostly soldiers. Multinational residents can reside and own property in the United States, or they can live and own property in other countries. Under federal law, these people can be [...]

Setting A IRS RETIREMENT PLAN IN SAN MARCOS TEXAS Most people think the more money, the better and of course, this is very true. If currently, the United States needs 2 million US dollars for retirement, 10 years later, it will require 2.7 million, and 20 years later, 3.6 million. To accumulate such a huge [...]

IMPORTANT IRS FORMS FOR SUBMITTING A TAX PARDON AND HOW TO FILE THE FORMS Taxes and death are definitely unavoidable, but the Internal Revenue Service (IRS) awards taxes in certain circumstances. If a person dies during military service, due to a terrorist attack, or while on a flight to space (this can be astronauts working [...]

THE DIFFERENT IRS PENSION PLANS There are a lot of pension plan or retirement plans provided by the IRS but we would take a look at few of them. We would look at the most popular ones which are the 401k plan, IRA plan and the Roth IRA plan. ENTERPRISE PENSION PLAN (401K)  Despite their [...]

IRS TAX AUDITS AND HOW TO RESPOND TO THE IRS Tax reporting is something that every taxpayer living in the United States cannot avoid. No one should ignore the routine tax return process every year, because the tax return is important and if not adhered to will lead to penalties, ranging from fines to interests [...]

Important things to know about the IRS Form 8843, FJQM, JQ INTRODUCTION TO FORM 8843 Form 8843 is a form for collecting personal information including personal visa information, entry and exit records of the United States, and projects undertaken in the United States. If after judging your tax status, you find that you are an [...]