Like many other states, the Sunshine state has income tax, sales tax, property taxes, and estate taxes. Our tax system is set up to be much like the federal income tax system, but...
All business owners, whether their businesses are big or small, wonder whether they really need a CPA firm to handle their finances and taxes. Are you one of those people who think...
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
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
This article sheds light on vital tax tips that can significantly help real estate investors. Be OrganizedIf you want to get back the funds you believe you deserve for the tax...
The Internal Revenue Service can impose a huge number of tax defaulters that do not pay taxes or do not pay on time. These penalties may also include financial penalties imposed on...
The COVID-19 pandemic is complicating several people's efforts to file their 2020 taxes ahead of schedule, but the good news is that the Internal Revenue Service (IRS) has been...
Marriage changes many aspects of your life. One of these is the tax filing process. Your marriage can affect your filing's status, of course, and the deductions and credits you...
Are you wondering if there is a hard rule on taxable income and non-taxable income? The answer is simple: all income is taxable unless it is expressly excluded by law. But, as you've...