The EITC (earned income tax credit) is a refundable credit that applies to all taxes owed after completing the return and calculating the amount owed. The Internal Revenue Service...
Posted by Carmen Garcia on 09/14/2020
Carried interest is part of the income obtained when a private equity fund sells an asset. Sometimes called "carry," it is part of the net capital gains of the sale fund....
Posted by Flynn Financial Group Inc on 08/20/2020
It’s common for women in their sixties to feel insecure financially as they approach retirement. It’s stressful enough to plan for retirement, facing additional challenges...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/22/2020
In recognition of the vital work done by family caregivers, the Economic Security Project (ESP) aims to benefit from the reimbursement of the cost of living, an extension of the tax...
Posted by Advanced Accounting & Tax Planning on 04/20/2020
The amount paid within the year for medical expenses involving health insurance premiums tender’s generous potential deductions and cuts during the tax period.Obtaining specific...
Posted by JG Tax and Financial Services on 04/03/2020
It is expensive to raise a child. And parents, many times, find it challenging to get the money to take care of their kids. Tax season, however, provides a chance for parents to recoup...
Posted by Accountable Solutions on 02/21/2020
Earned Income tax Credit is an endeavor of the IRS to help millions of Americans. People need to review their credit and see if they qualify. Existing since 1975, it is one of the...
Posted by Frank Penn on 02/18/2020
A stretch IRA is a means to limit the distributions necessary for an older IRA, by avoiding the considerable collection of taxes in this process. Instead of designating the spouse...
Posted by Flynn Financial Group Inc on 01/30/2020
What is a Subsidy?A subsidy is a benefit granted to a person, a company, or an institution, generally by the government. This is usually a cash payment or a tax exemption. The subsidy...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/30/2020
