The US tax system is setup on both the federal and the state level. There are several taxes which citizens must file. These taxes include: income tax, capital gains and sales tax....
Posted by East West Accounting Services LLC on 01/05/2016
One Step at a Time,Every Big Enterprise Starts Small Opening up the business of your choice is not a walk in the park. It is not enough...
If you are talking about tax deductions, the richer you are, the better it is for you. The middle class people of America have some tax breaks in their kitty like those of wealthy...
Posted by BHATIA & CO, INC, CPAs on 01/04/2016
Who can claim a deemed paid tax credit? - A domestic “C” corporation that owns 10% or more of the voting stock and receives...
Posted by The Accounting and Tax on 01/02/2016
Who can claim a deemed paid tax credit? - A domestic “C” corporation that owns 10% or more of the voting stock and receives...
Posted by The Accounting and Tax on 12/28/2015
Capital gains and losses receive a special treatment under U.S tax law. Individual capital gains and losses are netted. Non corporate taxpayer’s net capital gains get a preferred...
Posted by The Accounting and Tax on 12/23/2015
Tax returns can be quite a task if you are not aware of what all deductions you can include and how to itemize them. But the Internal Revenue Service website contains all the information...
Everyone wants to reduce their taxes and their taxable income, especially retirees and those who are living on a fixed income. They want to lower their tax liability more than anyone...
Paying taxes is a burden that everyone has to bear but the Internal Revenue Service does have a few tax breaks and deductions that help ease your tax burden. Also, taxes are different...