It's tax season! Tax return companies and DIY software vendors work hard to convince individual taxpayers that their services and products are the way to maximize tax refunds or...
The payment of income tax is a reality. And when Uncle Sam says income, he is talking about all the money you make, whether it's from your job or your investment. This includes...
Couples living in a community property state own their marital properties, income, and assets jointly. If you earn around $75,000, the income is yours as much as it is your spouse....
Trade by barter is an ancient means of transaction in which people exchange goods for goods without money. These days, business exchange services with each other in a barter...
The medical expense deduction is large enough to cover pregnancy tests, braille books, and smoking cessation programs. However, it doesn't cover everything you pay to stay healthy....
What is Municipal BondA municipal bond is a debt issued by a municipality, state, or a country to finance capital expenditures, including the construction of schools, highways, or...
Posted by Tim Thompson CPA PLLC on 06/15/2020
The amount paid within the year for medical expenses involving health insurance premiums tender’s generous potential deductions and cuts during the tax period.Obtaining specific...
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
What a great time of year it is, the weather is starting to warm up, we have March Madness, and most important(lol) the end of the tax season. Tax season doesn’t have to be a...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020