Income Tax Preparation Service
Learn what a corporate tax return is, filing requirements, S Corp vs. C Corp differences, IRS compliance, and common filing mistakes in this complete guide.
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How Assets and Equipment Are Depreciated over a Number of Years When a business buys machinery, vehicles or office equipment, those assets don’t last forever. Over time, they wear out, lose efficiency and need to be replaced. In accounting, this gradual decline in value is called depreciation. Rather than expending the full cost in the...
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Discover 7 tax preparation tips for retirees to simplify filing, maximize refunds, and avoid mistakes. Learn expert advice tailored for Akron retirees today.
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Learn the rental income tax process step by step. Prepare, report, and verify your filings to ensure compliance and maximize your tax outcome.
The post Master the Rental Income Tax Process with Ease appeared first on Akron Income Tax Preparation.
How to File Taxes for Cryptocurrency Earnings: The Complete 2025 Guide Cryptocurrency is no longer just an emerging asset class—it’s mainstream. With new IRS regulations and reporting requirements, it’s more important than ever to understand how to file taxes for your cryptocurrency earnings. At Akron Income Tax Co., we specialize in cryptocurrency tax compliance, making...
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How to Transfer IRA Money to Charity Without Paying Taxes Giving to charity is one of the best ways to support causes you care about. But when it comes to making donations in retirement, many people wonder: Can I use my IRA to give money to charity without paying taxes? The answer is yes, thanks...
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How Do I File Old Federal Back Taxes: A Simple Guide Did you know you have only 3 years from the original due date to claim refunds and tax credits? Missing that window means losing money that’s yours. If you haven’t filed for one or more years, you need to know how to file back...
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What is IRS Form 8960, and Who Needs to File it? When tax season rolls around, most high-income earners face a maze of forms and rules. One of the most overlooked yet important among them is IRS Form 8960. This form is used to figure out the Net Investment Income Tax (NIIT), a 3.8% surtax...
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Health Insurance for S Corporation Owners: A Complete Guide Choosing an S Corporation (S Corp) as your business structure has several attractive tax benefits. It’s a smart move for many small business owners from avoiding corporate income taxes to potentially lowering self-employment taxes. But regarding health insurance, the rules become a bit more complicated, especially...
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Learn how LLCs file their federal tax returns, including key forms, tax obligations, and tips for maximizing deductions and credits.
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