Paying tax can be painful, but have you considered that your tax-filing status could make a big difference in your tax bill? The amount you ultimately pay as tax is largely dependent...
Posted by Shannel Reed on 01/13/2016
Sometimes we take it for granted but the truth is that the more tax deductions you can legitimately get, the lower your taxable profit will be. So, the goal should be to get as many...
If you operate a small business and have the need to control and manage every small detail of that business, you may be inclined to do your business taxes by yourself, without the...
Posted by James Wells EA MBA Tax Office on 01/06/2016
If you are divorced, you might have to rethink many issues related to taxes before the month of April. You must know what the treatment of dependents by the federal government...
Want to reduce your tax burden? Learn what the term ‘dependents’ mean as defined by the IRS. You will be happy to know that you can save up to $4,000 income tax for...
Posted by Financial Balance LLC on 01/04/2016
Issue Number: IRS Security Awareness Tax Tip Number 5 Inside This Issue Talk to Your Family about Security Online and at Home For families with children...
Posted by Michael Poretsky on 12/23/2015
After computation of creditable foreign income taxes, next step is to compute foreign tax credit limitation. Example: USAco has U.S source income = 200 Foreign source taxable...
Posted by The Accounting and Tax on 12/18/2015
When evaluating the state tax policies, retirees have some special concerns. These may be about Social Security benefits, estate taxes, property taxes, or some other kind of taxes...
Posted by ERNIE BUSTAMANTE on 11/29/2015
When it comes time to file your taxes, you may be wondering what head of household is and why you should or should not claim it. If you have never heard of the term, you are not alone...
Posted by Stephen Elmore on 11/19/2015
