Some years will not go as planned, and sometimes companies do not realize profits as high as in previous years. When expenses start to exceed your income, you lose your position. However,...
Posted by Advanced Accounting & Tax Planning on 08/02/2019
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
A tax return transcript is a summary of your important tax information in the federal income tax return. Thus, instead of getting into the weeds with your financial information in...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
Peradventure you are indebted to the IRS and can't pay, you might be qualified to defer making payments on past-due personal income taxes. To meet all requirements for deferral,...
Posted by Valderas Financial Solutions LLC on 07/26/2019
Tax breaks for adoption incorporate both a qualified adoption cost and tax credit paid to adopt an eligible child and an exclusion from earnings for employer-enabled adoption aid....
Posted by Valderas Financial Solutions LLC on 07/26/2019
Business losses reduce taxable income and many good freelance businesses incur losses which is somewhat a good thing since it means you pay less in taxes. A business loss could mean...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
There's an Inland Revenue Service payment plan for most any circumstance including unpaid taxes. Some aren't perfect, however despite everything they'll get you out...
Posted by Debi G Hill, CPA on 07/25/2019
New transcript format is now available to protect your information from any identity theft. This original transcript incompletely masks the personally identifiable information of person...
Posted by LLOYD J CAZES CPA on 07/25/2019
Dividends are a type of investment income that is stock generated, and also from mutual funds containing stocks. They stand as a taxable share of corporate profits that are paid out...
Posted by LLOYD J CAZES CPA on 07/25/2019
