Tag: Income Taxes

Alternatives for Bankruptcy

Three Bankruptcy Alternatives for your Backtaxes

There are different alternatives to bankruptcy, which many people are unaware of. Those who owe large debt to the IRS and struggle…
End of year tax planning

End of the year tax planning tips and options

The holiday season is our favorite time of the year because its the time previous to the tax season begins. It works…
taxable income

Taxable Income: Key concept for your tax calculations

Taxable income it’s a subject you’ll face at least once a year – even more if you file your taxes quarterly. However,…
schedule c

Schedule C: What is it for and who has to fill it?

Freelancers, self employed, and solo business owners have different forms when filing their taxes. One of these forms is Schedule C, which…
2 million ITIN will expire on 2019

2 million ITIN will expire in 2019: Renew yours now

Around 2 million ITIN (Individual Identification Numbers) of taxpayers will expire at the end of 2019, the IRS informed on June. The…
what to expect during a tax audit

What to expect during a tax audit from the IRS

You’ve been selected by the IRS but you don’t know what to expect during a tax audit? Don’t worry, we got you…

Taxes 2019: How long should you keep your tax records?

When we talk of tax returns, we are used to keep them at least for 7 years in case the Internal Revenue…
Tax preparer vs tax software

Tax preparer vs Commercial Tax Preparation Softwares

Last week was April 15th, the deadline for filing your taxes, the GlobalTax team expects you could filed without major inconveniences. But,…

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