The Three Basic Tax Types

The Three Basic Tax Types

What are Taxes? Taxes are the liability or total amount of money an individual, corporation, or another entity owes from a taxing authority, which the government uses for support or projects of specific entities and services. It’s pretty simple. Taxes are...
What is the Tax-Exempt Status?

What is the Tax-Exempt Status?

What is the Tax-Exempt Status? If you’re a business or someone applying for tax-exempt status, you should first understand that it means you’re applying to have income or transactions that are free from taxes to all levels, whether on federal, state, or...
What is Recovery Rebate Credit?

What is Recovery Rebate Credit?

What is Recovery Rebate Credit? Last year, thousands of people received their Recovery Rebate Credit through the form of economic Stimulus Payment. It is a one-time benefit to help people in the pandemic. However, not all have received the maximum amount possible. The...