DefinitionThe Kiddie Tax is a term referring to a special tax law implemented in 1986 involving investment and unearned income tax for individuals below 17 years of age.What is unearned...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/30/2018
A brand new deduction has been established by The Tax Cuts and Jobs Act for pass-through business owners. They will be able to take advantage of up to 20% deduction of their net business...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/30/2018
During an audit season, not-for-profit financial statement mistakes may cost you. The auditors will feel similar to medical professionals for not-for-profit financial statements. They...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/13/2018
It is advisable for the taxpayers to make the charity payment since it will be beneficial for them when they are filing taxes. If you are not sure about this information then you can...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/30/2018
Accumulated earnings and revenue is an accounting term applicable to shareholders of corporations. These earnings and profits are the net profits of a company after paying dividends...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/30/2018
Charitable deduction is the contribution and donation to charity with deductions for tax payers. Charitable deductions allow the tax payers to deduct the contributions they do to qualify...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/16/2018
When it is about the IRS, they keep on making the changes to ITIN program. As being the taxpayer, you have to know that there are changes in the programs every year. If you are in...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/16/2018
Being elderly old brings some of the advantages which have been granted by IRS. IRS has the sympathy towards the older adults which is why there are some of the elderly tax credit...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/18/2018
The words “CPA,” “accountant,” and “bookkeeper” are often being confused to mean the same thing but that should not be the case as all of them are...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/08/2018
