Taxable income is the sum used in estimating the amount of tax a person or corporation owes to the government in a given fiscal year. Generally, it is described as a gross income or...
Posted by Advanced Accounting & Tax Planning on 11/05/2019
Parliamentarians have been trying for years to slightly give the seniors a bit of break at the time of taxation, and the 2018 bipartisan Budget Act has finally taken a decisive step...
Posted by John Pournaras Agency on 10/29/2019
Imagine that you have just taken up part-time employment and your employer has given you a much smaller pay check than you expected thanks to tax deductions and income tax withholding.Such...
Posted by Advanced Accounting & Tax Planning on 10/29/2019
People these days are trading the stock market in an ever-increasing number with the proliferation of online and discount brokerages. However, the many tax advantages and asset protection...
Posted by YourIRSTaxAdvocate.com on 10/29/2019
Paying taxes for plaintiffs win or lawsuit settlements can be a little surprising for some people. Reality hits when tax season comes and the IRS Forms 1099 arrives in the mail. This...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/25/2019
Key PunchlinesSet objectives Be organized! Minimize taxesSecure what is important most Make a will When you get hitched, you tie both emotional and financial knot...
Posted by Debi G Hill, CPA on 10/23/2019
Trader tax status (TTS) comprises the cost of doing business treatment and opens an arrangement of essential tax benefits for eligible active traders. The initial step is to know if...
Posted by LLOYD J CAZES CPA on 10/23/2019
Summer work is an initiation ritual for many teenagers. And a lot of teenagers are discovering it the hard way that paying taxes is part of normal life.When collecting tax return documents,...
Posted by Debi G Hill, CPA on 10/01/2019
Are you aware that the IRS (Internal Revenue Service) encourages long-term investments? In particular, the capital gains tax that the IRS charges Americans for capital gains is significantly...
Posted by John Pournaras Agency on 09/26/2019
