What is the Taxpayer Bill of Rights (TABOR)?Taxpayer Bill of Rights: TABOR is a broad term that encompasses many concepts and initiatives at the local, state, and federal levels...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/01/2021
One of the most important things one need not joke with is a credit score; especially if you have needs that involve borrowing money. Refusal to pay a debt might reduce your...
Posted by Rosovich & Associates, Inc. on 11/28/2021
The Revenue Agency has updated procedures affecting the Individual Identification Number (ITIN) application process. Taxpayers and their representatives should review the following...
Posted by Rosovich & Associates, Inc. on 11/11/2021
Cash balance plans are defined benefit retirement savings plans that allow business owners to make large deductible contributions each year and build up deferred retirement savings....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/04/2021
The term accumulated earning refers to a company’s net profits after the payments of dividends have been made. This term is often used interchangeably with others such as; accumulated...
Posted by Rosovich & Associates, Inc. on 11/04/2021
What is a tax identification number?The Tax Identification Number (TIN) is a 9-digit number used by the Internal Revenue Service (IRS) for tax purposes. This number can be a person's...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/09/2021
There exist two kinds of dividends, qualified and ordinary dividends. Ordinary dividends are taxed at the income tax rate, and qualified dividends are taxed at a lower special rate.As...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/24/2021
The CARES (Coronavirus Aid, Relief, and Economic Security) Act establishes many major loan and tax exemption programs to help tribal-owned businesses stay afloat and retain their employees...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/15/2021
The IRS has offered varying options to taxpayers who cannot pay their complete taxes. They have set up a partial payment installment agreement called the PPIA to sort such issues....
Posted by Rosovich & Associates, Inc. on 08/06/2021
