Lisa Marie Brugman, EAIRA rules don’t have to be confusing. This guide breaks down contribution limits, income phase-outs, and deduction rules so you can understand what you qualify for—and choose the right strategy to maximize your retirement savings.
Lisa Marie Brugman, EADoes your child need to file a tax return? It depends on how much they earned and whether the income came from wages, investments, or self-employment. This guide explains the key thresholds and situations where a dependent child may need to file—and when it may still make sense to file even if it’s not required.
Lisa Marie Brugman, EANeed more time to file your taxes? An extension gives you extra time to file — not extra time to pay. This guide explains how to file Form 4868 correctly, avoid penalties, and make sure your extension is handled the right way.
Lisa Marie Brugman, EACan you deduct unpaid invoices? It depends on your accounting method. Cash-basis businesses generally can’t deduct income they never received, while accrual-based businesses may qualify for a bad debt deduction—if the debt is truly worthless and properly documented. This guide explains the difference so you can avoid mistakes and stay compliant.