by NexGen Support Team
Dealing with an IRS audit doesn’t have to be a nightmare. By preparing in advance and gaining a solid understanding of the process, you can navigate it confidently, saving yourself from unnecessary anxiety. This comprehensive article will guide you through the...
by NexGen Support Team
A Guide to Personal Income Tax Filing It’s that time of the year again – tax season. Filing your federal income tax return can be overwhelming, but it doesn’t have to be. This guide provides a thorough explanation of personal tax filing. We’ll...
by NexGen Support Team
IRS Reports Delay in Form 1099-K $600 Reporting Requirement for Third Party Platform Payments Like Venmo and PayPal in 2023 Almost everyone who has ever used payment facilitators such as Venmo or PayPal have been anxiously worried about the 1099-K reporting of...
by NexGen Support Team
Strategic Charitable Giving: Maximizing Tax Deductions and Minimizing Liabilities Charitable giving and donations can be used to reduce your tax bill by taking a tax deduction for the value of the gifts on your income tax return. In order to claim a tax deduction for...
by NexGen Support Team
There Are a Few Changes for the 2022 Tax Season That Individuals and Businesses Should Be Aware Of: Increase in the standard deduction: The standard deduction for the tax year 2022 has increased for all filing statuses. For example, the standard deduction for single...
