Some taxpayers may be surprised when the expanded Child Tax Credit shrinks their refund, tax experts say.
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Tax aesthetic
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Abul Hyat Nurujjaman is a multi-award-winning accountant and managing director of Taj Accountants, a trusted partner for businesses and individuals seeking expert accounting and advisory guidance.
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Often investing in properties yield much better returns compared to the other investment forms. Still, advice from SMSF professionals is necessary for safety and monetary value.Self-managed superannuation funds or SMSF provides the owners with the control on the process to invest the superannuation ...
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No, I’m not required to be your tax dependent ~ Awkward, honest: Claiming yourself on your tax forms
Shamontiel wrote "If relatives live with you, can they be tax dependents? ~ Awkward but honest conversation: Claiming yourself on your tax forms" #taxseason #selfemployed #payingtaxes #moneymanagement #taxdependent #dependents #freeloaders #finances Photo credit: Kelly Sikkema/Unsplash
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The IRS usually can audit for three years after you file, but there are many exceptions that give the IRS six years or longer. The IRS has no time limit if you never file a return or file fraudulently. The IRS can also audit forever if you omit certain tax forms.
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