Suppose you think of a company as an unincorporated parallel business. If your business expenses exceed your income, you will have a net loss. You may feel that you can deduct this...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
The ‘Setting Every Community Up for Retirement Enhancement Act’ (SECURE Act) passed recently in the House with a 417-3 vote and is relied upon to reach the Senate during...
Posted by John Pournaras Agency on 07/29/2019
Among your duties as a business is the necessity to gather, report, and pay payroll taxes as required by government and state laws. Peradventure you are a corporate officer or other...
Posted by John Pournaras Agency on 07/29/2019
The Internal Revenue Service recently announced new, higher commitment limits for health savings account from 2020. HSAs are the ideal approach to save having a three-fold tax effects...
Posted by John Pournaras Agency on 07/29/2019
The current or former marital partner is where the Social Security benefits go to if the spouse dies, but that depends on certain circumstances. To current spouses, widowed spouse,...
At the point when a companion bites the dust, their Social Security benefits may end up accessible to their present or previous wedded partner, contingent upon specific conditions....
Posted by Debi G Hill, CPA on 07/25/2019
The 2017 tax law's cap on the state and neighborhood tax deduction has been a standout amongst the most polarizing components of the government update, and the IRS could before...
Posted by Debi G Hill, CPA on 07/25/2019
Alimony is regarded as court-ordered payments given to a spouse or former spouse in a separation or divorce agreements. The aim is to provide financial support to the spouse that earns...
Posted by Advanced Accounting & Tax Planning on 07/25/2019
Your taxes are affected when you buy health insurance, and when you don’t. Despite the source of your health insurance either through an employer or the Health Insurance...
Posted by Advanced Accounting & Tax Planning on 07/25/2019