A restricted fund is a set-aside account that holds money that can only be used for specific purposes. Restricted funds assure donors that their contributions will be used as they...
Posted by Rosovich & Associates, Inc. on 06/29/2022
Tax season has many people wondering what itemized deductions are and their role in tax preparation. Itemized deductions offer an alternative to standard deductions and can reduce...
Posted by Rosovich & Associates, Inc. on 06/24/2022
Did your credit card expire recently, or do you have a slew of old credit cards you do not use anymore? Or perhaps you think the card you use currently may have gotten compromised...
Posted by Rosovich & Associates, Inc. on 01/27/2022
When you change your location, many entities need to be updated on such status changes – credit card firms, fitness memberships, magazine subs, etc. There is a big probability...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/10/2021
The filing status you choose can significantly affect what you eventually owe Uncle Sam. In terms of filing status, all taxpayers have five choices and what you pick affects you...
Posted by Rosovich & Associates, Inc. on 12/10/2021
Those who cannot withhold federal taxes from each paycheck must pay taxes quarterly.United States income tax operates on a pay-as-you-go system, in which the federal government collects...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/11/2021
People in a long-term committed relationship have many similar financial concerns as couples. There is, however, the absence of the protection and some benefits married couples enjoy....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/18/2021
Understanding Itemized Deductions We define itemized deductions as a series of expenses with which one can reduce taxable income on a tax return. It includes medical bills, interest...
Posted by Rosovich & Associates, Inc. on 05/18/2021
A flexible spending account (FSA) is a healthcare benefit account sponsored by the employer, which allows them to set aside $2,7750 every year to take care of the cost for medical...
Posted by Rosovich & Associates, Inc. on 04/15/2021
