Tax Implications for Form 2290
  • July 2, 2024
Truckers, trucking fleet operators, and large fleet business owners will be busy at this time of the year with their IRS 2290…
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Electric Vehicle Tax Credit
  • May 23, 2024
The Internal Revenue Service has offered tax credits for hybrid cars and electric vehicles. If you are considering buying a new car,…
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Claim dependents on form 1040
  • May 14, 2024
Taxpayers while preparing their federal income tax return, should seek for every possible deduction to decrease the amount of tax they owe…
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Itemized Deductions
  • May 2, 2024
Tax filers have the choice to file their tax return after claiming the standard deductions or itemizing their deductions. While nearly 87%…
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Form 8868 Deadline Extension
  • April 23, 2024
Tax season can feel cumbersome, as the IRS expects its people to file their taxes on time. It can also be hectic…
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Charitable Donation Tax Benefits
  • April 10, 2024
When a person makes donations to a charitable organization, they can show that as an expense and reduce their taxable income. In…
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