By and large, debt that is canceled or forgiven by a moneylender is viewed as taxable earnings by the IRS and must be incorporated as salary on your return form. Instances include...
Posted by ERICHSEN KALLSEN & ASSOCIATES CPAS LLP on 03/08/2019
A joint return is a tax return filed by married taxpayers whose filing status is married filing jointly (MFJ) or by a widowed taxpayer whose filing status is Qualifying Widow or Widower...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/27/2019
A 457(b) plan is a business supported, tax-friendly retirement investment account. This kind of plan is offered to state and workers in local government workers, including cops, firefighters,...
Posted by Key Tax & Financial Services, LLC on 02/27/2019
Thrift Savings Plan (TSP) is a saving and investment account for your retirement; it is sponsored by the Department of Defense (DoD). It’s a government’s version of a 401k....
Posted by rinehimerbaker on 02/19/2019
The IRS sends you an underreported notice when the information you gave on your tax return does not correspond with the information about your income in the files of the IRS. This...
Posted by J.R.'S TAX SERVICE on 02/19/2019
Financial elder abuse is becoming rampant and fast increasing by the day, and this ugly problem is not just common with the elderly rich and famous, but it s becoming a problem that...
Posted by KAB Bookkeeping and Tax Service on 02/18/2019
The act of itemizing deductions is said to be an effective way of reducing one’s taxable income and maximizing tax savings. You get to claim a bigger deduction compared to the...
Posted by Global Accounting on 01/27/2019
The Federal Unemployment Tax (FUTA) is a Tax incurred by the employer and it is used for the workforce of state agencies. This tax is reported by every Employer with the filing of...
Posted by Advantage Tax Services, Inc. on 01/27/2019
To declare bankruptcy is an extraordinarily emotional moment in someone's life. If you have experienced what it feels like to be bankrupt, you feel like your credit is shattered...
Posted by Advantage Tax Services, Inc. on 01/27/2019
