Several IRS tax deductions came to an end due to the tax reform process but the deduction for state and local taxes made it through. The property tax deduction specifically, survived...
Posted by Advantage Tax Service on 09/11/2018
DefinitionThe Kiddie Tax is a term referring to a special tax law implemented in 1986 involving investment and unearned income tax for individuals below 17 years of age.What is unearned...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/30/2018
A brand new deduction has been established by The Tax Cuts and Jobs Act for pass-through business owners. They will be able to take advantage of up to 20% deduction of their net business...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/30/2018
Pension plans specifically intended for self-employed individuals and small businesses are called Simplified Employee Pension (SEP) Plans. It’s also known as SEP/IRAs because...
Posted by John Pournaras Agency on 08/30/2018
There are over 2 million Individual Taxpayer Identification Numbers (ITINs) today that are soon to expire by the end of 2018. The IRS encouraged taxpayers to hurry in processing and...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 08/17/2018
Operating with the tax cuts can be hard for a person who has not been inside the identical field. You won’t understand the complete scenario of tax cuts unless you have been...
Posted by J.R.'S TAX SERVICE on 08/15/2018
Working with the direct sellers and taxes can be difficult for someone who has not been in the same field. It is recommended that you seek help from the professionals on this matter...
Posted by Flynn Financial Group Inc on 08/15/2018
There are a lot of rumors about that IRS wont target “backdoor” Roth IRA contributions. You need to be aware of the backdoor technique which can be beneficial for you in...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/13/2018
The term “flat tax” is defined as an income system wherein all taxpayers pays the same tax rate regardless of their earned income. A flat tax is typically applied to everyone...
Posted by John Pournaras Agency on 08/01/2018
