The Affordable Care Act (ACA) has the potential to help millions of Americans secure health insurance. Many individuals are still confused about what the law does, how it will affect...
The following items are not included in income of taxpayer for a taxation year:
Amounts declared to be exempt by legislation of the Parliament of Canada (s. 81(1)(a))
Amounts received...
Many tax payers think that only the self employed can deduct business expenses. Such is not the case. Employees can deduct some of their unreimbursed business expenses...
The following items are included in income of taxpayer for a taxation year:
Alimony or maintenance payments (s. 56(1)(b) and s. 56(1)(e))
Allowances for personal, living, or any...
Small business owners with fewer than 50 full-time employees are exempt from the requirements of the ACA for 2015 only; however, Congress is considering extending that time period....