In the form of higher contribution limits for 2020, the Internal Revenue Service (IRS) gave retirement savers an early holiday gift this year. Workplace retirement plan contribution...
Posted by LLOYD J CAZES CPA on 12/28/2019
Although it may seem little, the interest you earn during the year is not tax-free. The interest is subject to the same tax rates as the rest of the income.Sources of interest income...
Posted by LLOYD J CAZES CPA on 11/25/2019
Taxable income is the sum used in estimating the amount of tax a person or corporation owes to the government in a given fiscal year. Generally, it is described as a gross income or...
Posted by Advanced Accounting & Tax Planning on 11/05/2019
The cost basis for real estate as defined by the tax law of the United States of America as the original cost of real estate, adjusted for factors such as depreciation; it is the historical...
Posted by John Pournaras Agency on 10/31/2019
If you are a full-time Forex trader, there are several significant tax benefits for those who are not available to more informal market participants. The bad news is that it is quite...
Posted by John Pournaras Agency on 10/31/2019
The Tax Cuts and Job Act is the most crucial series of amendments to the US tax code in a few decades. The vast majority of the amendments will come into effect in the 2018 fiscal...
Posted by Flynn Financial Group Inc on 10/29/2019
Imagine that you have just taken up part-time employment and your employer has given you a much smaller pay check than you expected thanks to tax deductions and income tax withholding.Such...
Posted by Advanced Accounting & Tax Planning on 10/29/2019
It is commonplace that after you got married, you have to keep strong throughout your lives together through the ups and downs of emotional and financial aspects. To keep your finances...
Posted by Flynn Financial Group Inc on 10/25/2019
Parents allocate benefits for their children and in order to do so, they will use personal finance tools such as a 529 plan and a custodial account. There are differences between the...
Posted by YourIRSTaxAdvocate.com on 09/30/2019
