Introduction Everyone has to pay their fair share of taxes when they are earning an income. Tax revenues are used to provide public education, build infrastructure, and promote many services that are used by the public. However, taxes can be overwhelming at times and...
Seniors will find it easier to file federal income tax forms for the 2019 tax year. The new form, courtesy of the Internal Revenue Service (IRS), enables seniors to file their federal taxes more efficiently. Form 1040-SR consists of larger print and the elimination of...
One of the key cultural advancements that made modern economies possible was the invention of double-entry accounting in the fifteenth century. The very concept of “owner equity” being reduced to a mathematical equation was a major advance that brought...
February is already here, which means that the tax deadline is drawing closer. There’s still plenty of time to file your taxes—the deadline is April 18th this year—but getting an early jump on them is never a bad thing. And with the apparent new tax laws coming in...
Once again, it’s tax season. For many Americans, they wait until much closer to April 15th (technically April 18th this year, since the 15th falls on a Saturday). Unfortunately, waiting until too close to when taxes are due can make you lose money that you would have...
