What is an IRS Penalty Abatement and Am I Eligible for One?

What is an IRS Penalty Abatement and Am I Eligible for One?

Several types of IRS penalties can be assessed against you. But the IRS can issue a penalty abatement if you think you’ve been wrongly penalized.
Using an S Corporation May Help Business Owners Reduce Tax

Using an S Corporation May Help Business Owners Reduce Tax

Is your business a sole proprietorship or an LLC? Are you paying both income tax and self-employment tax? You may cut your taxes by using an S corporation.
Does Your Tax ID Number (ITIN) Need to be Renewed?

Does Your Tax ID Number (ITIN) Need to be Renewed?

According to the IRS, just about 2 million tax ID numbers (ITINS) will expire at the end of 2019. Need to renew your tax ID number? Learn how with Fiducial.
What Are My Chances of Being Audited and How Can I Reduce Them?

What Are My Chances of Being Audited and How Can I Reduce Them?

Your chances of being audited are pretty rare. Fewer than 1% of taxpayers will get that notice on IRS letterhead. Here are some tips to lower your chances.
Eldercare can be a Medical Tax Deduction

Eldercare can be a Medical Tax Deduction

Many individuals are serving as care providers for loved ones, the cost of caring for them may be deductible as a medical expense.
Unexpected Tax Bill? Fiducial Budget Tips Can Help You Cover It

Unexpected Tax Bill? Fiducial Budget Tips Can Help You Cover It

When you’re hit with a large, unexpected tax bill, it can be shattering. People who owe significant amounts of money have several options available to them.