Countless Americans aspire to retire at age 62 . If you want to retire wealthy and enjoy a long and happy retirement then follow “10 Golden Rules If you want to Retire Rich”. The good news is, you can make that dream a reality, but it will take some effort, planning, and self-discipline. And you can…
How To Stop Child Support From Taking Tax Refund
In 2018, only 43.5% of custodial parents received the total amount of child support payments from noncustodial parents. The truth is, if the balance of the money you owe for child support reaches a certain threshold, your state may intercept your tax refund and apply it to your balance. This is due to the Federal Tax Refund Offset…
How to Transfer a Sole Proprietorship into an LLC (Step By Step)
Are you running your business under a Sole Proprietorship and looking to transfer your business into an LLC? We have compiled a detailed step by step guide that will help you with “How to Transfer a Sole Proprietorship into an LLC”. We have provided step by step instructions so please follow each step so you…
Tax Deferred Retirement Plans Ultimate Guide
Like many people, you’ve most likely considered your retirement. Part of any good retirement plan should include tax planning. Often, people turn to a tax-deferred retirement account to minimize their tax bill for this purpose. Keep reading to learn everything you need to know about tax-deferred retirement plans. Understanding Tax-Deferred Retirement Plans Most people hope to retire around the…
Bankruptcy and Taxes: All you Need to Know
Filing for bankruptcy and dealing with Taxes problems are the two most painful things you can do and both are quite challenging. There are several federal, states, and local policies that you need to understand before filing for bankruptcy. Most importantly, you have to think about whether you will fall in chapter 7 or chapter…
Tax Free Retirement Account (TFRA): What Is It and How Does It Work?
Did you know that there are a lot of American workers who don’t take part or have no access to retirement plans? Only half of Hispanic employees have an employer who provides a retirement plan for them. On the other hand, only 34% of Hispanic and 44% of Black families participate in a retirement plan. One reason why…
12 Common Mistakes People Make When Investing (in 2022)
Most people know they should be investing, but they don’t really know where to start. This can lead to a lot of people making common mistakes that can end up costing them a lot of money in the long run. In this blog post, we’re going to go over some of the most common mistakes…
Ford Expedition Tax Write Off 2021-2022
Ford Expedition is known for its American Muscle, Longevity & Reliability. People who buy Ford are diehard fans and wouldn’t replace this vehicle with anything else or any other vehicle other than another Ford. Some buy it as it’s an excellent family vehicle and is extremely safe but many business owners buy it because they…
Ford Explorer Tax Write Off 2021-2022
Anyone who has ever had to file their taxes knows that it’s not always the most fun experience. However, there may be a silver lining this year for taxpayers who own a Ford Explorer or buy one this year. Thanks to a new tax deduction available this year, you may be able to get some…
How Can Small Businesses Prepare for Tax Deadlines?
According to the United States Small Business Administration, there are currently 31.7 million small businesses across the country. A small business is defined by the Office of Advocacy as any independent business that has less than 500 employees. Whether you just started your business or you’ve been around for years, tax season can be a stressful time….