Tax Forms
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Why You Should File a Tax Extension
- January 3, 2023
- Posted by: CKH Marketing
- Categories:
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We are often asked if filing an extension will somehow draw additional scrutiny to a tax return or diminish the taxpayers standing in the eyes of the IRS. The answer is an emphatic “no!” In fact, there are several reasons to file an extension even if you intend to file by the original filing deadline.
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Tax Terms Database
- June 21, 2022
- Posted by: CKH Marketing
- Category: Tax tips
Tax Terminology can be hard to understand, but this guide will help you to learn what some of these tax terms mean.
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13 Common Tax Forms and What They are For
- May 27, 2022
- Posted by: CKH Marketing
- Category: Tax tips
All of the IRS’s tax forms can be confusing. This small guide will help you understand some of the most used tax forms and what they are for.
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Tax Preparation Guide
- March 24, 2022
- Posted by: CKH Marketing
- Category: Tax tips
With tax season now in motion, it is smart to start planning for the April 15th deadline if you have not done so yet. This tax preparation guide is here to help you get prepared!
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Non-refundable Tax Credits
- February 23, 2022
- Posted by: CKH Marketing
- Category: Tax tips
Non-refundable Tax Credits are basically tax credits that can only reduce a taxpayer’s liability. Any remaining amount from the credit is automatically forfeited by the taxpayer. These credits are also referred to as a “wasteable” tax credit, unlike refundable tax credits.
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Understanding Refundable Tax Credits
- February 15, 2022
- Posted by: CKH Marketing
- Category: Tax tips
A refundable tax credit can be applied to your tax bill and in some cases can generate a negative federal tax liability, meaning that your refundable tax credit can create a federal tax refund. For example, if you owed $1,000 in taxes and qualify for a $1,200 refundable credit, you would receive a $200 refund.
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What You Need to Know About Tax Deductions
- January 20, 2022
- Posted by: CKH Marketing
- Category: Tax tips
Tax deductions can help you save money— but only if you know what they are, how they work, and how to claim them. Here is a little guide to help you out.
