Qualifying as a real estate professional is not easy. On the bright side, if you qualify as a professional real estate, you are entitled to an income tax treatment that can benefit...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
A professional athlete typically earns huge annual salaries, on top of their million-dollar endorsement and profitable career opportunities. But it does not secure them from having...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
A lot of things pop up for small businesses at every end of the calendar year. This is the right time to start thinking when you feel that you want to achieve something for the next...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
The final regulations around the increased gift and estate tax exclusion amounts in effect from 2018-2025 has been issued finally by the Treasury Department and the Internal Revenue...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 12/29/2019
The withdrawal policies for the 529 plan have changed over the years. From once a relatively restrictive definition of "Qualified Higher Education Expense" or QHEE, it has...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 11/11/2019
It is best to learn the tax rules, benefits and risks before you consider lending money between family members. Doing so have two consequences either beneficial or a disaster.But,...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 11/11/2019
An amended tax return is a returned filed to either claim a more advantageous tax filing, or make corrections to a tax return from a previous year. The IRS is at liberty to reject...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/31/2019
The pension crisis is a predicted failure of the currently practiced pension system’s ability to pay the pension of corporate and government-employed workers. Let’s help...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/31/2019
During the last few months, the IRS has been busy. People in or near their retirement is where some of its work mainly focuses on. Under the tax code, the health portion genetic-testing...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/25/2019
