By and large, debt that is canceled or forgiven by a moneylender is viewed as taxable earnings by the IRS and must be incorporated as salary on your return form. Instances include...
Posted by ERICHSEN KALLSEN & ASSOCIATES CPAS LLP on 03/08/2019
People are always in search for opportunities – opportunity to succeed, acquire wealth and riches as a sense of security and fulfillment as human beings. As resources go scarce,...
Posted by Global Accounting on 03/01/2019
There are things that are inevitable, some of them are death and taxes. As a loved one bid goodbye from mortality, his liability from this world remains that would be the responsibility...
Posted by Global Accounting on 03/01/2019
Do you want to lower your taxable income and receive a greater potential refund? Then you may want to look file as the Head of Household on your tax return. It’s better than...
Posted by John Pournaras Agency on 03/01/2019
A C Corps is a business term used to distinguish one type of entity from the other because its profits are taxed separately from its owners under Subchapter C of the Internal Revenue...
Posted by rinehimerbaker on 02/28/2019
A consolidated tax return is a corporate income tax return of an affiliated group, who elect to report their combined tax liability on a single return. How To File A Consolidated...
Posted by Global Accounting on 02/25/2019
Factors that determine Tax Family Families are always in different sizes, but the IRS is very specific as to how makes up a “tax family”. Considering the growing number...
Posted by John Pournaras Agency on 02/19/2019
If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, you may have questions about how rental income is taxed for a...
Posted by KAB Bookkeeping and Tax Service on 02/11/2019
If you know what tax deduction is and how it works, you may end up saving yourself a lot of money in 2019. For example, if you fall into the 25% tax bracket, you will be saving $250...
Posted by HENRY OSEGO TAX SERVICE on 01/27/2019
