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How to Qualify for the Foreign Earned Income Exclusions in 2021

LyfeAccounting

And of course, the more money you make, the more you are usually taxed, right? Well no, there are actually foreign earned income exclusions that can help you avoid paying taxes on certain things. federal income taxes on that foreign earned income… …which again is the money that you made while out of the country.

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IRS Audit Red Flags & Triggers: How the IRS Catches You

LyfeAccounting

In most of our previous posts, we’ve been busy revealing all of the ways to help you save on taxes and claim every deduction and tax credit as much as you can. Now, we want to help you avoid an IRS audit! 8 IRS Audit Red Flags to Watch Out For. reasonable startup expenses for your type of business.

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