Why single parents could be missing out on a tax-saving opportunity CNBC If you’re planning on shedding weight in 2019 — in the form of your soon-to-be ex — be sure you understand this tax-planning benefit. Why the “head of household” status is another battleground for divorcing couples. Darla Mercado | @darla_mercado Published 2:07 PM ET Mon, 26 Nov 2018 Updated 3:22 PM ET Mon, 26 Nov […]
9 awful things that could happen if you don’t pay your taxes
msn money ~ Maryalene LaPonsie You could get hit with penalties IRS penalties can include: Failure-to-file penalty: If you don’t file taxes, the IRS generally charges 5 percent of the amount owed for each month or part of a month that a return is late. Failure-to-pay penalty: If you file a return but don’t pay the taxes due, your penalty is generally 0.5 percent of your […]
One big way to play the new tax law: Start an LLC
Small businesses may be able to snag a 20 percent deduction. You may get this break if your taxable income is below $157,500 if single or $315,000 if married. Entrepreneurs may push the envelope on the new tax law to maximize savings. Read Story from CNBC Here
IRS Watch
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