Due to the coronavirus pandemic, the IRS recently announced a 90-day tax payment extension in the U.S. For most Americans, it can be confusing as to what it covers and what the extension...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/22/2020
The tax filing process is pretty complicated. There are many forms, and you will have to include tons of numbers to add and deductions to make. With all these, you need an average...
Posted by Flynn Financial Group Inc on 06/10/2020
As COVID-19 has spread from Wuhan to the rest of the world, including the United States, the coronavirus pandemic is not only a public health crisis, but it is also an economic crisis....
Posted by Flynn Financial Group Inc on 05/14/2020
One of the tasks a person cannot put aside is filing taxes even though this might not be an interesting task to do on a weekend but filing your tax return evades a person from embarrassment...
Posted by Advanced Accounting & Tax Planning on 04/27/2020
Provided that the debts were properly paid off, filling for the IRS tax extension might be easier than what it seems.There are a lot of reasons why we need tax extensions. Some of...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 04/20/2020
The rise of online and discount brokerages is making people interested in trading and the stock market. However, taking advantage of the various strategies on asset protection and...
You can consider the basic idea of capital gains very simple: the net profit will be known as a capital gain if you sell an asset for more than you paid for it. For example, you get...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/25/2020
Tax filing season is in full force and many of my clients express a healthy fear of the IRS. Any agency that has the legal power to tax and take ALL of your money should be respected....
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
One of the many questions I get as a tax and financial advisor is what business structure to choose when you are starting a business. Liability notwithstanding, a big determining factor...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
