The American Opportunity Credit and the Lifetime Learning Credit are currently the two major education credits provided by the government to help students lessen the cost of higher...
Posted by Advanced Accounting & Tax Planning on 02/25/2020
You can consider the basic idea of capital gains very simple: the net profit will be known as a capital gain if you sell an asset for more than you paid for it. For example, you get...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/25/2020
It is expensive to raise a child. And parents, many times, find it challenging to get the money to take care of their kids. Tax season, however, provides a chance for parents to recoup...
Posted by Accountable Solutions on 02/21/2020
The Lifetime Learning Credit and American Opportunity Tax Credit reduces the amount of tax you owe. Taxpayers could even qualify for a refund with AOTC should the credit be more than...
Posted by Carmen Garcia on 02/21/2020
Few of small businesses that start survive for more than ten years. These points to the fact that running a small business successfully is pretty hard. It gets more complicated when...
Posted by Management & Tax Services on 02/18/2020
The government encourages everyone to save money for their retirement. Tax breaks such as the Retirement Savings Contribution Credit and penalties for early distributions from retirement...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/14/2020
What is a Subsidy?A subsidy is a benefit granted to a person, a company, or an institution, generally by the government. This is usually a cash payment or a tax exemption. The subsidy...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/30/2020
Running a business is quite tricky without increasing the complexity of filing taxes every year. The key, experts say, is to work with your financial advisor or an accountant throughout...
Posted by Debi G Hill, CPA on 01/23/2020
Health care is one of the most critical expenses for retirees, but not only because the elderly tend to access more medical services. Even if you've never seen your doctor, your...
Posted by Debi G Hill, CPA on 01/23/2020
