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
Need more time to file your taxes? Filing an extension for filing taxes is a common solution for gaining extra time without incurring penalties. This article provides straightforward guidance on requesting a tax extension, outlines the important deadlines and forms...
by NexGen Support Team
Filing income tax returns can be daunting, especially for individuals with zero income. Many people may assume that filing taxes is only necessary for those who earn income during the year. However, filing a zero-income tax return is important for several reasons,...
by NexGen Support Team
What is a hobby loss? A hobby loss is a loss incurred from engaging in a hobby that is not considered a business for tax purposes. According to the IRS, an activity is regarded as a hobby if it is not pursued to make a profit. Hobby losses are generally not...
by NexGen Support Team
Are you self-employed and wondering about your health insurance deduction for self-employed? This article cuts through the complexity, clearly separating eligibility criteria, deductible expenses, and a step-by-step claiming process. Understand how to leverage this...
by NexGen Support Team
Understanding Beneficial Ownership Reporting: Key Takeaways For Your Business The Corporate Transparency Act (CTA) has significantly changed how businesses operate. The reporting of beneficial ownership for corporations, LLCs, and similar entities registered in the...
