Taxpayers who have accrued or paid foreign income taxes in a U.S. possession or foreign country can generally deduct those taxes from their U.S. tax on foreign source income. The foreign...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/17/2022
Caregivers do forfeit their jobs and employee benefits to perform a selfless act of caring for loved ones. However, there are benefits attached to the selfless act that is not known...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/30/2022
One good thing about trading is that all you have to do to become a trader is get started. Many people trade as a hobby, while others trade full-time for a living, and some traders...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/16/2022
Fair treatment of taxpayers is the goal of the Taxpayer Bill of Rights. In 2014, the IRS adopted this set of 10 taxpayer rights proposed by the Taxpayer Advocate. However, the Internal...
Posted by Rosovich & Associates, Inc. on 10/16/2022
Even if you're an expert at something, getting a second opinion is always a good thing. When it comes to money matters, getting help is very important. A financial advisor can...
Posted by Rosovich & Associates, Inc. on 09/30/2022
Ever heard of the TAP? Well, you have nothing to worry about as you're not alone. What is TAP?TAP is a Federal Tax Advisory Committee to the IRS. The purpose of TAP is to...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/21/2022
Now, consumers can benefit from education and complaints through the Consumer Financial Protection Bureau. The administration heads banks, lenders, and big nonbanking institutions,...
Posted by Rosovich & Associates, Inc. on 08/24/2022
It is all about making headlines and advertisements to gain speed for a candidate or campaign team during election seasons. Politicians dedicate the money, effort, and time to a campaign....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/11/2022
Not all debts are the same. Although most forms of lending carry risk, certain lending decisions are more likely to send you into a downward debt spiral. We call them debt traps.It's...
Posted by Rosovich & Associates, Inc. on 08/11/2022
