Failure to protect the assets that you worked your fingers out to gather might be lost easily in bankruptcy, lawsuit or to creditors. This makes it essential to keep all laws in mind...
Posted by Rosovich & Associates, Inc. on 09/26/2021
You might need to report the canceled amount as income on your tax return if you could get a debt write-off or forgiveness. You should know what to expect so you don't end up with...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/20/2021
One of the not-so-good aspects of a credit report is getting rid of negative listing even after its payment or the difficulty in removing it. By logic, it seems reasonable that as...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/10/2021
With section 179, businesses can deduct the entire cost of significant assets such as business equipment and furniture immediately instead of depreciating them over time. Principle...
Posted by Rosovich & Associates, Inc. on 09/09/2021
Any tax advisor who is licensed to stand for you before Uncle Sam is called an enrolled agent. It could be when filing a tax return, taking care of an audit, appealing a fine or solving...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/03/2021
Military personnel are some of the people who make the largest sacrifice. Such a line of job comes with severe hardships, so Uncle Sam offers some compensation in a bid to cushion...
Posted by Rosovich & Associates, Inc. on 08/30/2021
A charitable gift annuity is a contract between a charity and a donor bound by some terms explained below:The donor makes a considerable gift to the charity via cash, security or other...
Posted by Rosovich & Associates, Inc. on 08/24/2021
The IRS has offered varying options to taxpayers who cannot pay their complete taxes. They have set up a partial payment installment agreement called the PPIA to sort such issues....
Posted by Rosovich & Associates, Inc. on 08/06/2021
Many people frown at the idea of sending their hard-earned dollars to Uncle Sam. So, to cushion the effect of taxes, Uncle Sam provided some relief in form of tax deductions and credit...
Posted by Rosovich & Associates, Inc. on 07/06/2021
