Tax season sends everyone into a frenzy. In the hustle bustle of our daily lives, we often forget about the taxes we have to pay until the return forms are handed over to us. From...
Want to reduce your tax burden? Learn what the term ‘dependents’ mean as defined by the IRS. You will be happy to know that you can save up to $4,000 income tax for...
Posted by Financial Balance LLC on 01/04/2016
The Internal Revenue Service has tax benefits for military families with and without children due to their special circumstances. As such if you are from a military family, you...
If the due date of filing tax returns is over, and you have not filed your returns yet, there is no need to worry. You can hire the services of tax preparers from the East West...
Posted by East West Accounting Services LLC on 01/04/2016
If you are talking about tax deductions, the richer you are, the better it is for you. The middle class people of America have some tax breaks in their kitty like those of wealthy...
Posted by BHATIA & CO, INC, CPAs on 01/04/2016
Who can claim a deemed paid tax credit? - A domestic “C” corporation that owns 10% or more of the voting stock and receives...
Posted by The Accounting and Tax on 01/02/2016
Who can claim a deemed paid tax credit? - A domestic “C” corporation that owns 10% or more of the voting stock and receives...
Posted by The Accounting and Tax on 12/28/2015
If foreign tax credits exceed the limitation in a given taxable year, these can be carried back one year and forward up to ten years. Excess credits on general limitation income...
Posted by The Accounting and Tax on 12/25/2015
Issue Number: IRS Security Awareness Tax Tip Number 5 Inside This Issue Talk to Your Family about Security Online and at Home For families with children...
Posted by Michael Poretsky on 12/23/2015