The corporate tax structure is highly complex and complicated. It is also not quite black and white. There are countless grey areas and if you are a startup founder or are even planning...
Since medical practices are fortunately considered to be one of the most important drivers of economy, there are lots of tax /peaks offered by the local and state governments for medical...
Americans gave $520.23 billion in charity in 2015, equivalent to 3% of the U.S. GDP (gross domestic product). The majority of that charity, $418 billion, came from the individuals...
With so many options available now, it’s often unknown or misunderstood why one hires a CPA for tax preparation. Hiring a CPA can save you time and money, and is the right...
There will be many circumstances or periods where you will owe the IRS money. If you are unable to pay and have avoided paying the IRS, you may be subject to seizure, which is...
If you have accidentally misreported or withheld information on your tax return, there is no need to panic. The process for changing or adding information is called filing an...
Almost all states in the US subject gambling incomes to taxation. Similarly, gambling losses are subject to tax deductions but only to the extent of your gambling wins. TaxMedics in...
Entrepreneurship can be real rewarding when it comes to freedom and financial stability, however, if you own a small business, and it has kicked off really well, there is one thing...
In order to report various forms of income or to take advantage of various deductions, the IRS typically requires you as the taxpayer to complete various forms known as tax schedules....