Tag Archives: taxable income

Does Gifting Reduce Your Taxable Income?

Posted on January 11, 2019 by Sandra James

If you are like other hard-working individuals who are disappointed to see the IRS take a sizable bite out of their checks, you could be wondering how you can reduce the amount of taxes you owe each year. You might … Continue reading →

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What is the difference between taxable income and adjusted gross income?

Posted on January 5, 2019 by Sandra James

When doing your taxes, you will find that there is a difference between taxable income and adjusted gross income. Understanding the difference can be useful in various areas. For instance, if you are applying for a loan or for certain … Continue reading →

Posted in 4506-Transcripts, IRS and Tax Transcripts, IRS Tax Audits, Small Business Loans | Tagged , , , , | Leave a comment