Young families can keep their tax bills low by following some significant measures. Our list will help them to save for college, benefit from their flex account, and through many other...
Posted by Patrick O'Hara, EA on 02/01/2016
At Coastal Business Services, we understand just how important your small business is to you. You started this business from the ground up and poured a lot of sweat and hard work into...
Posted by Dennis O'Brien on 01/31/2016
Many taxpayers choose to run their business out of their home. This saves them money on renting out another space and the maintenance and utilities of another locations. And for...
Posted by Dennis O'Brien on 01/31/2016
The United States often uses tax deductions, credits, or other tax benefits to encourage certain social policies that it deems desirable. For example, they may want married people...
Posted by Simon Hase, CPA on 01/26/2016
There are not many laws that encourage you to hang on to an asset longer than you already have, but long term capital gains tax treatment laws do just that. Your tax rate on capital...
Posted by Simon Hase, CPA on 01/26/2016
If you own some rental property and are wondering whether you are entitled to any special tax benefits, then you should know that you do have some special privileges. As a landlord,...
Posted by Simon Hase, CPA on 01/05/2016
When you start out as independent contractor or freelancer, taxes are likely not the first thing on your mind. However, most self-employed individuals do not have taxes taken out...
Posted by Simon Hase, CPA on 01/05/2016
Many older children these days now look after and take care of their aged parents. Unknown to many; however, Uncle Sam can reward you in the form of tax credit for such care to reduce...
Posted by Elliot Kravitz, ATP on 06/24/2021
Individuals can exclude up to $250,000 of income from capital gains tax on the sale of their primary residence, thanks to the Internal Revenue Code (IRC) exclusion of home sales. Married...
Posted by Elliot Kravitz, ATP on 06/11/2021
