When it comes to filing your taxes, deductions can be a powerful ally in helping you pay less to Uncle Sam when the bill is due. But some taxpayers are still a bit clueless as to how...
Posted by Flynn Financial Group Inc on 02/12/2018
January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
Posted by Riesenbeck Financial Group Inc. on 01/20/2018
Consisting of all the deductions to your income that come before your adjusted gross income (AGI), a standard is a set dollar amount that you can use to claim tax deduction without...
Posted by Flynn Financial Group Inc on 01/19/2018
Business owners know that paperwork is part and parcel of running your own business. This includes income or profit and loss statements which is one of the documents required when...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/11/2018
Making charitable donations is one way to reduce taxes. Donations can be used as tax deductions for taxpayers who choose to itemize deductions instead of taking the standard deduction....
Posted by Lone Star Tax Group on 12/20/2017
Like most people in America today, you have spent all of your life paying into Social Security, but did you know that up to 85% of your benefits may be ate up by tax demands from the...
Posted by Lone Star Tax Group on 12/19/2017
At present we are in the midst of uncertain financial times. Owing to the uncertainties it was seen that the average Canadian debt balances rose by 2.3% in the 2016 3rd quarter, which...
Posted by The Accounting and Tax on 12/01/2017
7.3.1 [a] U.S. Taxation of Income of Foreign PersonsForeign persons generating income from U.S. sources are potentially subject to one, or both, of two U.S. federal taxation regimes....
Posted by The Accounting and Tax on 09/09/2017
Most taxpayers believe that if they want to claim any deductions but the standard ones, they must file an itemized tax return. The truth is there are a series of deductions that may...
Posted by RONNIE@RLDARDENCPA.COM on 05/10/2017
