AccountantA Beginners Guide to TaxesCongress, the lawmaking branch of the main government, usually writes the Internal Revenue Code (IRC), which is also commonly referred to...
Millions of taxpayers have overpaid their taxes throughout the years. Many of these same taxpayers are unaware of these deductions, so it is important to work with your tax preparer...
Posted by James Wells EA MBA Tax Office on 01/21/2016
A tax deduction is a feasible and convenient way to reduce a person’s taxable income. The total deductions are subtracted from the taxable income to devise the total...
A tax deduction is the right way to reduce a person’s taxable income. The total deductions are subtracted from the taxable income to devise the total tax bill, for a complete financial...
Do you want to decrease your tax bill substantially? Read this and find out all about commonly ignored tax deduction trends.An income tax break is basically a way to save on tax liability....
Sometimes we take it for granted but the truth is that the more tax deductions you can legitimately get, the lower your taxable profit will be. So, the goal should be to get as many...
USA will only tax foreign business earnings if it repatriates it to USA through dividends. This policy is known as “deferral”. Deferral creates an opportunity for avoiding...
Posted by The Accounting and Tax on 01/10/2016
Taxes are an integral part of any economy. As a responsible Bronx Taxpayer, you are supposed to pay your taxes and file your returns on time. While these are important exercises, most...
When it comes to taxes, people often make mistakes which are quite normal. However, when these mistakes lead the IRS to perform audits of your business or personal assets, repaying...
Posted by Joseph J. Gormley CPA on 01/05/2016