An advertising illustration of a person in deep conversation with a financial advisor, highlighting the importance of seeking professional guidance for 401(k) withdrawals.

Early 401(k) Withdrawals: Penalties and Exceptions

Understand the penalties and exceptions for early 401(k) withdrawals to make informed decisions about your retirement savings.

Read More

Pop Art illustration of a hand holding a tax form with a speech bubble emphasizing the connection between dependents and deductions.

How many dependents can I claim? – Requirements, How to Claim 2024-2025

Maximize your tax savings by understanding IRS dependent rules, qualifying criteria, and available tax benefits.

Read More

An advertising illustration of a diverse group of people smiling and holding tax documents, with a large "ITIN" graphic in the background.

ITIN vs. SSN: What Non-U.S. Residents Need to Know to File Taxes

This guide explains the difference between an ITIN and SSN and helps non-U.S. residents determine which they need for tax filing.

Read More

Block illustration of a house with vibrant colors, representing different aspects of aging in place, such as "Home Modifications," "Care Planning," and "Financial Planning."

Aging in Place: Tax Benefits for Seniors & Financial Planning

Discover how aging in place can offer significant tax advantages for seniors, potentially saving thousands on capital gains and preserving your estate.

Read More

Block illustration of a balance scale with "Standard Deduction" on one side and "Itemized Deductions" on the other.

Should You Take the Standard Deduction or Itemize?

Learn how to decide between the standard deduction and itemizing to minimize your tax bill this year.

Read More

A block illustration of a shield divided in half, with "Tax Credits" on one side and "Tax Deductions" on the other, representing protection from a high tax bill.

Tax Credit vs Tax Deduction: Which is More Beneficial 2024-2025?

Tax season doesn't have to be a headache. At XOA TAX, we believe that knowledge is power. Understanding the ins and outs of tax credits and deductions can significantly reduce your tax liability and maybe even put some money back in your pocket! Let's break down these essential tax tools to help you maximize your…

Read More

Block illustration of a piggy bank with a graduation cap, diploma, and "529 Plan" label, representing saving for education.

529 Plans: A Smart Investment in Your Future? (Tax Year 2024)

Learn about the advantages and disadvantages of 529 plans for saving for college and other qualified education expenses, including new 2024 tax implications and Roth IRA rollover options.

Read More

A block illustration showing a shield protecting money bags from falling tax forms, representing tax-efficient investing.

Tax-Efficient Investing: A Beginner’s Guide

Learn how to minimize your tax liability and maximize your investment returns with this beginner’s guide to tax-efficient investing strategies, covering tax-advantaged accounts, asset location, and state tax considerations.

Read More

An advertising illustration of a smiling taxpayer confidently holding an "Audit Techniques Guide."

What Do IRS Auditors Look For? Using ATGs to Avoid Tax Audits

Hey everyone, it's XOA TAX, your trusted source for all things tax-related. Ever wished you could peek behind the curtain and see what IRS auditors are looking for when they review tax returns? Well, you actually can! The IRS publishes Audit Techniques Guides (ATGs) that provide valuable insights into their audit procedures for specific industries…

Read More

A block illustration depicting a missed tax deadline on a calendar with symbols of stress and solutions.

Missed Tax Deadline? Don’t Panic! Here’s What To Do

It happens to the best of us. Life gets busy, deadlines sneak up, and suddenly you realize you've missed a crucial tax deadline. Whether it's filing your income tax return, paying estimated taxes, or submitting a form, missing a deadline can be stressful. But don't panic! The IRS has procedures in place to help you…

Read More

Do you wish to continue with the call?

Please provide your phone number and we will contact you within 2 hours

You have successfully submitted your phone number

Please provide your phone number and we will contact you within 2 hours

You have successfully submitted your phone number