The tax burden of a particular country is determined by the combination of distinct market forces and the laws that govern that country. In the US, the lawmakers and the IRS define...
Posted by RONNIE@RLDARDENCPA.COM on 05/17/2017
Everyone wants to save money on their taxes, but most people think they must itemize everything if they are going to maximize any refund. While this may be the case in some instances,...
Posted by Maureen Thielen, EA, MST on 05/10/2017
Most taxpayers believe that if they want to claim any deductions but the standard ones, they must file an itemized tax return. The truth is there are a series of deductions that may...
Posted by RONNIE@RLDARDENCPA.COM on 05/10/2017
According to the AARP, over 30 million American adults are caregivers to other adults. What's more, about 80% of family caregivers are paying for dependent care expenses out-of-pocket,...
Posted by Advantage Tax Service on 05/10/2017
Caring for an aging or infirm parent can be financially taxing. According to Caring. com, a Bankrate company, more than 40 percent of family caregivers spend at least $5,000 a year...
Posted by Bottom Line Tax Services, LLC on 05/10/2017
The tax reform proposal coming from the Trump administration includes another two dependent care deductions that will benefit families paying for child care. The first proposed tax...
Posted by Advantage Tax Service on 05/09/2017
According to Topic 602 - Child and Dependent Care Credit - of the American Tax Code on the IRS website, you may qualify to claim child care and dependent care deductions if during...
Posted by PB Tax & Accounting Services on 05/09/2017
The IRS will rarely audit your individual tax reports unless they notice discrepancies in the filed reports. As of 2016, only 0.70% of individual tax returns were audited by the IRS. Therefore,...
Posted by Valderas Financial Solutions LLC on 05/09/2017
Fees paid to attorneys, accountants, and other independent professionals or contractors can be deducted as "necessary and ordinary" business expenses. This comprises system analysts,...
Posted by RONNIE@RLDARDENCPA.COM on 05/09/2017
