Amid all the cautionary advice to prevent students from borrowing too much money to pay for their university education, one bit of good news may go unnoticed: interest paid on student...
Variable annuities are packed with tax benefits which is why investors are in love with it. Until you take the money out, it will compound tax-free. The products are selling at the...
Posted by Carmen Garcia on 07/09/2020
Many people dread retirement. This is not surprising as the monthly paycheck has seized coming in. As a result, it is a good idea to consider low-interest investment opportunities...
You may be tempted to pay the minimum amount due on your credit card statement, but it can be very costly.When you receive your credit card bill, you can usually pay three amounts:...
Posted by Tim Thompson CPA PLLC on 05/18/2020
A lot has changed since the past decade. First, during the most recent recession, the country has witnessed retirement offerings shifted to a more do-it-yourself approach from employer-based...
The IRS has announced the 2020 standard mileage rates for commercial, medical, and other users of a car and the 2020 vehicle values that limit the application of specific rules to...
Posted by YourIRSTaxAdvocate.com on 02/15/2020
A 1035 Annuity Exchange is a rule in Section 1035 of the Internal Revenue Code that allows the exchange of life or tax policies for a differed annuity contract that best suits the...
Posted by YourIRSTaxAdvocate.com on 02/15/2020
To pay for construction and repair of US bridges, roads, and interstate highways, gas taxes have often been considered an integrated ‘user fee’. Many states and the federal...
Posted by Debi G Hill, CPA on 11/26/2019
Gasoline taxes are often considered as integrated "user fees" for the payment of the construction and repair of American roads, bridges, and highways. While the cost of gasoline...
Posted by Advanced Accounting & Tax Planning on 11/25/2019