There's no question that there are some really high quality tax credits based on tuition and other education deductions. While many people feel like they have a solid grasp on these...
Posted by RONNIE@RLDARDENCPA.COM on 06/07/2017
When it comes down to reclaiming a portion of your college education expenses, you have a couple of options at the time of income tax filing: claiming an education credit, or tuition...
Posted by Advantage Tax Service on 06/07/2017
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 be...
Posted by Maureen Thielen, EA, MST on 05/17/2017
The tax burden of a particular country is determined by the combination of distinct market forces and the laws that govern that country. In the US, the lawmakers and the IRS define...
Posted by RONNIE@RLDARDENCPA.COM on 05/17/2017
Small businesses purchase equipment to use in offices and to perform services or manufacture a product. It can be difficult to determine whether a piece of equipment should be expensed...
Posted by PB Tax & Accounting Services on 05/17/2017
About 25 percent of U.S. families who care for their parents spend in excess of $10,000 each year doing so. Plus, 40 percent of all families who pay the way for their elderly parents...
Posted by CROMWELL & ASSOCIATES, LLC on 05/17/2017
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 PB Tax & Accounting Services on 05/10/2017
The tax reform proposal coming from the Trump administration includes another two dependent care deductions that will benefit families paying for child care. The first proposed tax...
Posted by Advantage Tax Service on 05/09/2017
For anyone with a dependent, there are many different deductions out there that will give you a tax credit and reduce your tax payable. It is just a matter of finding which ones you...