One of the most difficult processes for those who are new to retirement is the abrupt change of switching from accumulating funds to withdrawaling them. It is easy to see why this...
Posted by Advantage Tax Service on 07/26/2017
The way income is taxed varies immensely based on how that money is earned and what (if any) taxes have already been taken out before it reaches the recipient's hands. Rental...
Posted by Advantage Tax Service on 07/19/2017
About one-quarter of all U.S.families who take care of aging parents spend more than $10,000 per year doing so. In addition, at least 4 out of 10 families who care for elderly parents...
Posted by CROMWELL & ASSOCIATES, LLC on 07/12/2017
Americans dread an IRS audit because individuals charged with tax fraud charges could be fined up to $250,000 ($500,000 for corporations), end up in jail for up to five years, or...
Posted by Advantage Tax Service on 07/12/2017
The IRS will rarely audit your individual tax reports unless they notice discrepancies in the filed reports. As of 2016, only 0.70% of individual tax returns were audited by the IRS. Therefore,...
Posted by Bottom Line Tax Services, LLC on 07/12/2017
Back in 2015, the IRS overhauled some rules regarding deductions related to retirement savings accounts. While HSA funds are largely unaffected, taxpayers doing their best to reduce...
Posted by Advantage Tax Service on 07/05/2017
The real estate or mortgage business is the perfect career choice for people who wait for things and do not make decisions in haste. An investor who waits for the right time to...
Posted by Advantage Tax Service on 06/24/2017
Small businesses, especially those still trying to get off the ground, often take their tax preparation very seriously. After all, every little deduction counts. As you get ready...
Posted by Advantage Tax Service on 06/21/2017
As per federal law, employers must withhold a specific amount from their employee salaries and wages and remit them to the Internal Revenue Service (IRS) as income and payroll taxes. An...
Posted by CROMWELL & ASSOCIATES, LLC on 06/21/2017
