TaxCure Blog

You may be able to write off the cost of some meals and entertainment if you’re self-employed or own a business. The rules are nuanced, but this is a legitimate deduction that you should claim if you qualify. To help you out, this post explains all the details. 

An extension moves the tax return due date, but surprisingly, it doesn’t change the due date for your tax payment. To avoid interest and penalties, you should pay your taxes on time and file the return as soon as possible. 

You may be able to claim a credit for other dependents if you pay for the majority of your roommate’s expenses. If you qualify, this deduction can reduce your tax bill, but you must make sure you meet strict criteria before claiming this deduction on your tax return. 

The IRS can seize your tax refunds if you owe money to the government or delinquent child support. 

A few weeks into Trump’s 2nd presidency, I started receiving automated phone calls about a so called new tax forgiveness program under the Trump Adminstration. This isn’t the first time misleading claims about tax forgiveness programs have circulated via robocalls as we reported one a few years ago about the “Biden Tax Forgiveness Plan” or the “Zero Tax” plan. The recent call I received followed the same patten. Below is the transcript of the automated call I answered.