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You may have heard you cannot claim a home-office deduction without business income. That’s not accurate, as I explain below. Points to Consider Claim business deductions with no business income. Even if your business did not generate income this year, you should claim all business deductions. Such deductions might create …
As you may know, the IRS requires that anyone claiming the 2020 employee retention credit (ERC) adjust their 2020 wages on their tax returns accordingly. It appears that the IRS has not yet processed your ERC claim Despite the uncertainty of the timing of the credit’s approval, it’s crucial to …
Have you established, or are you considering, a Section 529 savings plan for a child, grandchild, or other family member? Such plans are a great way to help pay for a person’s college education. Contributions are not federally tax deductible, but they grow tax-free, and you can withdraw them tax-free …
The Biggest Mistake Tax Payers Make Avoid Paying Back Taxes | Reaction Tax Resolution Services NYC One of the taxpayers’ most significant mistakes is failing to pay their back taxes. This is a common problem for many Americans, especially those who are self-employed or have multiple sources of income. When …
How to Avoid a Surprise Tax Bill & What To Do If You Receive One | Reaction Tax Resolution Services NYC Tax filing season is here again, and millions of hardworking Americans already dream of those extensive refund checks. Unfortunately, many of them may be disappointed this year. Taxes can …
Tax Problems? We can help you with our Tax Resolution service | Reaction Tax Resolution Tax resolution is a process that helps taxpayers settle their tax debts with the Internal Revenue Service (IRS) and State Tax Agencies. Taxpayers who have outstanding tax debts can choose to resolve their debts through …
Todo Lo Que Debe Saber Sobre La Declaración De Sus Impuestos Del 2022 | Reaction Tax | Impuestos Personales Declarar impuestos puede ser desalentador para muchas personas, pero es una parte necesaria de la gestión de sus finanzas. Este artículo cubrirá todo lo que necesita saber sobre la declaración de …
What is Tax Resolution & How Can It Help You During the 2023 Tax Season? | Reaction Tax Preparation Services Tax season can be unpleasant for many taxpayers, especially if you owe money to the IRS or State. The one thing you can do is, be proactive and prepared and …
Everything You Need to Know About Filing your 2022 Taxes | Reaction Tax Preparation Services Filing taxes can be daunting for many individuals, but it is a necessary part of managing your finances. This article will cover everything you need to know about filing taxes for 2022. Know Your …
Evite Estafas Relacionadas con Números de ITIN | Reaction Tax Preparación de Impuestos | Taxes El Número de Identificación Personal del Contribuyente (ITIN, por sus siglas en inglés) es un número de tramitación de impuestos emitido por el Servicio de Impuestos Internos. El IRS emite los ITIN a las personas a quienes se …
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About Edward Latingua
I been serving my community with Tax Resolutions, Tax Preparation, Tax Compliance & Payroll services to thousands of individuals and small business with their complex tax and insurance needs.
At Reaction Tax, we are licensed to provide Property, Workers Compensation, & Life Insurance.