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...
Posted by ERNIE BUSTAMANTE on 01/19/2016
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...
Posted by ERNIE BUSTAMANTE on 01/19/2016
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....
Posted by ERNIE BUSTAMANTE on 01/19/2016
Paying tax can be painful, but have you considered that your tax-filing status could make a big difference in your tax bill? The amount you ultimately pay as tax is largely dependent...
Posted by Shannel Reed on 01/13/2016
Who can claim a deemed paid tax credit? - A domestic “C” corporation that owns 10% or more of the voting stock and receives...
Posted by The Accounting and Tax on 01/02/2016
Who can claim a deemed paid tax credit? - A domestic “C” corporation that owns 10% or more of the voting stock and receives...
Posted by The Accounting and Tax on 12/28/2015
Capital gains and losses receive a special treatment under U.S tax law. Individual capital gains and losses are netted. Non corporate taxpayer’s net capital gains get a preferred...
Posted by The Accounting and Tax on 12/23/2015
General Income: It includes all income other than passive income. It includes most of the foreign source active business profits of domestic corporations and their foreign subsidiaries. Passive...
Posted by The Accounting and Tax on 12/21/2015
Whether you are self-employed already or thinking about going down the independent route, an important consideration of this status is how to lower your taxes. Granted, this is an...
Posted by BHATIA & CO, INC, CPAs on 11/19/2015
