Blog | Page 11 of 28 |

Orlando R. Dizon, Esq.
December 19, 2024

Get Your Finances Back On Track With An Expert Tax Resolution Specialist

Are you facing serious financial problems due to unresolved tax issues? It’s time to take control and seek assistance from a knowledgeable tax resolution specialist. Handling tax problems on your own can lead to serious consequences, including penalties, fines, or even legal action. An expert in tax resolution can help [...]

Orlando R. Dizon, Esq.
December 19, 2024

How Tax Reform Can Bolster Americans’ Shrinking Savings

Tax reforms have the potential to significantly improve Americans’ dwindling savings rates. As economic challenges continue to impact household finances, understanding how tax policy shifts can encourage saving is necessary. By examining various tax incentives and credits, she can identify ways that reform can lead to increased savings among families. [...]

Orlando R. Dizon, Esq.
December 19, 2024

Are You Prepared To Navigate The Tax Code Labyrinth Before Closing This Fiscal Year?

Amid the intricate maze of the tax code, you may find yourself needing guidance to ensure your financial strategies align before the fiscal year closes. Understanding the complexities of tax regulations can significantly impact your bottom line, so it’s vital for you to stay informed and organized. This post will [...]

Orlando R. Dizon, Esq.
December 18, 2024

FedTaxPro: How to make your donations count for both those in need—and your taxes.’Tis the season for giving, and your generosity can give back to you by lowering your tax bill. With tax-savvy charitable donations, you can support causes you care about while reducing your taxable income on your federal return. Qualifying donations to IRS-recognized 501(c)(3) organizations may […] The post 5 Tax-Savvy Charitable Donations That Can Lower Your Tax Bill appeared first on Tax Problem Solver.

### Slug: how-to-make-charitable-donations-count-for-tax-benefits Charitable donations can bolster tax benefits, especially during the holiday season. Strategic giving to 501(c)(3) organizations can reduce taxable income on federal returns. Depending on eligibility, these donations can allow deductions from 20% to 60% of adjusted gross income. However, not every contribution qualifies for this benefit. [...]

Orlando R. Dizon, Esq.
December 18, 2024

FedTaxPro: Key tax reforms could impact your income, savings, and investments starting in 2025.The 2024 elections are over, and President-elect Donald Trump is poised to introduce major Trump tax policy changes aimed at reshaping the economy, jobs, and taxes. With a Republican majority in Congress, these changes could pass quickly, bringing significant impacts to taxpayers like […] The post Trump Tax Policy Changes: 11 Proposals and What They Mean for You appeared first on Tax Problem Solver.

**Slug:** trump-tax-reforms-2025-impact **Meta Description:** In 2025, proposed Trump tax reforms could reshape income, savings, and business taxes in the U.S. Learn about the 11 key changes and their potential effects. — Proposed tax reforms under President-elect Donald Trump could alter financial landscapes beginning in 2025. With the 2024 elections concluded, [...]

Orlando R. Dizon, Esq.
December 18, 2024

How Did the Tax Cuts and Jobs Act Simplify the Tax Code?

Key Takeaways: Standard Deduction: The Act nearly doubled the standard deduction, making it easier for taxpayers to file without itemizing deductions. Fewer Tax Brackets: It reduced the number of tax brackets, simplifying the understanding of tax rates and liabilities for many individuals. Elimination of Personal Exemptions: The removal of personal [...]

Orlando R. Dizon, Esq.
December 18, 2024

The Art Of Tax Negotiation – Strategies For Reaching A Favorable Agreement With The IRS

Navigating the intricacies of tax negotiation can be a daunting task, especially when dealing with the Internal Revenue Service (IRS). However, with the right knowledge and strategies, it is possible to secure a favorable agreement that can alleviate the burden of tax liabilities. In this comprehensive guide, we will delve [...]

Orlando R. Dizon, Esq.
December 18, 2024

How Can Strategic Asset Allocation Influence Your Year-End Tax Planning?

Allocation of your investment assets plays a significant role in shaping your year-end tax strategy. By aligning your asset distribution with your financial goals and risk tolerance, you can optimize your tax situation and potentially enhance your after-tax returns. Understanding how different asset classes are taxed allows you to make [...]

Orlando R. Dizon, Esq.
December 18, 2024

Penalties for Unfiled Tax Returns & How to Avoid Them

The Internal Revenue Service (IRS) imposes strict penalties on individuals who fail to file tax returns or pay taxes on time. These penalties aim to enforce compliance with the tax laws in the United States. The consequences can have a significant impact on taxpayers, ranging from financial burdens to more [...]

Orlando R. Dizon, Esq.
December 17, 2024

What to Do When You Receive IRS Notice CP87A

**IRS Dispatches CP87A Notices for Dependent Verification** The Internal Revenue Service (IRS) has been sending out CP87A notices to taxpayers, creating a stir of concern and inquiries. These notices are not punitive measures nor do they demand payment. Instead, they serve as a request for verification regarding the dependents claimed [...]