Taxation of trust fund incomeDeath and taxes are two things that you cannot avoid in life. While there are ways to minimize your tax participation, you certainly can't get rid...
Debts with the IRS come in many shapes and sizes. The most common debts owed to the IRS are back or unpaid income taxes. Now that more people are working full or part-time, overdue...
The QBI (qualified business income deduction) allows individuals to deduct up to 20% of business income, REIT dividends, or PTP income from personal income tax returns. Those who are...
What is the Internal Revenue Code?The Internal Revenue Code refers to Title 26 of the United States Code. "Formal consolidation and codification of the United States' general...
Business owners must file their tax and send what is due to the IRS the same way individual taxpayers do it. Companies must pay taxes on their profit alongside withholding taxes from...
Posted by Tim Thompson CPA PLLC on 07/24/2020
There are four ways to stop paying taxes on your crypto earnings. If you're fed up with the IRS receiving half of your short-term profits and 20% of your long-term gains, here...
Numerous offended parties win or settle a lawsuit and are astounded they need to pay tax. Some don't understand it until the time the next year when IRS Forms 1099 land via the...
Posted by YourIRSTaxAdvocate.com on 10/23/2019
A 529 plan and a custody account are personal financial tools that parents use to help their children. The 529 plan includes an investment vehicle designed to raise money for your...
Posted by John Pournaras Agency on 09/26/2019
A standout amongst the most notable individuals associated with the way toward setting up a trust fund is the man, lady, or organization that is named as the trustee. Indeed, even...
Posted by YourIRSTaxAdvocate.com on 07/29/2019