The base erosion and anti-abuse tax apply to some corporations that make "base erosion payments." Formed as part of the Tax Cuts and Job Act (TCJA), BEAT accrued in taxable...
Posted by Carmen Garcia on 04/02/2020
For freelancers or categories of people that earn their income from delivering papers or other jobs, it is vital to pay self-employment taxes. You could be subjected to huge fines...
Posted by Premier Accounting & Tax on 04/02/2020
The Lifetime Learning tax credit amounts to 20% of the first $10,000 tuition fee paid every year till it reaches $2,000. To claim the entire $2,000 credit, you must have at least $10,000...
Posted by Premier Accounting & Tax on 04/02/2020
It is the financial responsibility of every homeowner to pay property tax. The revenue from this tax is essential to keep the community running and fund public projects, construct...
Posted by Flynn Financial Group Inc on 03/27/2020
After working with many small and medium business owners, there is a common trend I have noticed. It is the fact that their desire to go into business was not to add the burden of...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 03/27/2020
Tax resolution firms are causing huge problems for consumers in our country. They charge excessive cost from meek consumers and almost never resolve anything. These firms are relatively...
Posted by Cochran tax svc on 02/27/2020
Partners need to examine and review their operating agreement for them to effect the new audit rules. As of the 2017 tax year, the IRS examined tax returns from a partnership...
Posted by Tim Thompson CPA PLLC on 02/27/2020
Due to the 2015-32 revenue procedure, only 401K late applicants via Form 5500-EZ received automatic exemption from IRS registration fees under 6652 (e) and 6692 of the Internal Revenue...
Posted by JG Tax and Financial Services on 02/27/2020
The American Opportunity Credit and the Lifetime Learning Credit are currently the two major education credits provided by the government to help students lessen the cost of higher...
Posted by Advanced Accounting & Tax Planning on 02/25/2020
