Understanding Exclusions and Exemptions for Debt Cancellation: What You Need to Know?
Debt cancellation can be a significant financial relief, but it often comes with complex tax implications. If you’ve had debt forgiven, you may need to report it as taxable income to the IRS. However, certain exclusions and exemptions can help you avoid paying taxes on canceled debt. At Alexis Robins Tax and Accounting Firm in […]
Top Debt Cancellation: What You Need to Know and How Alexis Robins Can Help
Debt cancellation can provide much-needed financial relief, but it also comes with specific tax obligations. If you’ve recently had a portion of your debt forgiven or are considering debt relief options, understanding the associated tax requirements is essential. At Alexis Robins Tax and Accounting Firm, based in Brooklyn, New York, we specialize in helping individuals […]
Save upto 30% with Tax Credits from the Inflation Reduction Act
If you’re considering a clean vehicle, the Inflation Reduction Act (IRA) offers several tax credits that can help you save money. These incentives are designed for both individuals and businesses, making it easier to transition to more sustainable transportation options. Whether you’re searching for an “accountant near me” or need help navigating tax credits, understanding […]
