Tax debts are no fun. They can accumulate for a myriad of reasons ranging from ignorance concerning what should be done when filing taxes, to completely unfiled tax returns. Of course,...
Posted by CROMWELL & ASSOCIATES, LLC on 05/24/2017
About 25 percent of U.S. families who care for their parents spend in excess of $10,000 each year doing so. Plus, 40 percent of all families who pay the way for their elderly parents...
Posted by CROMWELL & ASSOCIATES, LLC on 05/17/2017
Small business deductions come in many different forms and while there are some basic expenses that are easy for anyone to figure out and deduct, there are plenty of potential deductions...
Posted by CROMWELL & ASSOCIATES, LLC on 05/09/2017
Captial gains, inheritence Figuring out your tax basis when selling assets can be tricky because some transactions fall under guidelines defined under the IRS's Publication 551 while...
Posted by CROMWELL & ASSOCIATES, LLC on 05/03/2017
If you've been handing out dollars left and right to pay for school, you may have some benefit on your taxes this season. The IRS has a few education tax credits for parents or students...
Posted by CROMWELL & ASSOCIATES, LLC on 04/26/2017
While many taxpayers expect to receive a refund, many must pay the IRS, and not many people have a lump sum laying around to send to Uncle Sam. It is important to understand payment...
Posted by CROMWELL & ASSOCIATES, LLC on 04/19/2017
Buying a rental property could be a wonderful way to make passive money and indulge in some investment portfolio diversification. But owning a rental property is not as simple as...
Posted by CROMWELL & ASSOCIATES, LLC on 04/19/2017
A major tax revenue for the majority of countries is courtesy wage income taxes via individual income and payroll taxes. Most industrialized nations have progressive income taxes,...
Posted by CROMWELL & ASSOCIATES, LLC on 04/05/2017
Small businesses purchase equipment to use in offices and to perform services or manufacture a product. It can be difficult to determine whether a piece of equipment should be expensed...
Posted by CROMWELL & ASSOCIATES, LLC on 03/29/2017
