The tax basis for your estate is what you paid for the property and all of its improvements and is generally different from the estate's purchase price. Often, the tax basis of...
Posted by Carmen Garcia on 06/18/2021
One of the essential parts of your financial planning is your tax saving plans. Your strategy to save on taxes should be the type that will help keep tax using insurance as your corpus....
Posted by Carmen Garcia on 05/24/2021
While many people might not realize, there are amazing tax benefits of purchasing a house. Two significant advantages are the property tax deduction and the mortgage interest, which...
Posted by Karen Munoz, EA on 05/19/2021
There has been a lot of talk about tax penalties under the Affordable Care Act (ACA) in recent years. You may have heard of this tax penalty known as "individual mandate."Simply...
Posted by Carmen Garcia on 05/07/2021
When it comes to filing income tax returns, getting the lowest tax liability is not just about skill, it's about what you know. Unfortunately, many taxpayers lose deductions and...
Posted by Flynn Financial Group Inc on 04/29/2021
A flexible spending account, or FSA, is a pre-tax expense account that many employers offer for employees' benefit. These bills allow you to pay necessary expenses without paying...
Posted by Flynn Financial Group Inc on 04/06/2021
The advantages of being a self-employed or independent contractor are numerous. You have the freedom and flexibility to do your job, and it's also a great way to start your own...
Posted by Don Bell Law on 03/28/2021
One might desire to purchase a new house, and with money available, paying in cash might seem like the best option. While this appears promising, it is not always easy to decide the...
Posted by Stevenson Tax and Accounting, Inc. on 03/28/2021
One of the primary reasons people buy annuities is the favorable tax treatment. However, even if annuity comes with tax benefits, it does not rule out the drawbacks. As a result, one...
Posted by Stevenson Tax and Accounting, Inc. on 03/18/2021
