IDIT (Intentionally Defective Irrevocable Trust), is an effective estate management tool that is sanctioned by Internal Revenue Service. Through this tool, the IRS allows individuals...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 10/26/2018
Knowing about earned income tax credit is necessary for every American citizen as it plays an important role when you are residing there. The short form of earned income tax credit...
Posted by Niner's Accounting & Tax Services, LLC on 10/10/2018
Making a will actually is quite a stressful procedure. There is never late to start some estate planning. Whether prompted by circumstances, occasion, age, or guilt, the estate planning...
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
Accumulated earnings and revenue is an accounting term applicable to shareholders of corporations. These earnings and profits are the net profits of a company after paying dividends...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/30/2018
Some of the people get surprised that the social security benefits get taxed. As social security is a part of government then how can it get taxed? Well, some states don’t tax...
Posted by Advantage Tax Service on 06/18/2018
After death of a person, the administrator and executor of a deceased person should deal with their property and money. They have to pay debts and taxes of a dead person. The executor...
Posted by P Sinaly CPA PC on 05/21/2018
A few years ago, combining finances was a simple thing. Numerous married couples find it easy to combine their funds because the probability of divorce was comparatively low. Nowadays,...
Posted by Duce Taxes & Accounting on 05/21/2018
Your location can hinder or help your ability to meet your necessities. A state with many taxes like excise and estate taxes on gasoline, inheritance, property, local and state sales,...
