Student loan interest stands out for having a lower rate, which might be attractive to many. However, there are still a couple of things to know if you consider taking a student loan. Effect...
The OPR supports the IRS's strategy to improve tax law enforcement, ensuring that tax professionals meet tax practice standards and comply with the law. The OPR is the regulatory...
On September 5, 2019, the Treasury Department and the IRS released proposed regulations that would affect when taxpayers report their gross income amounts. In general, section 451...
There are some rules from section 451 (c) as amended by the TCJA, which makes available ways to have advance payment in income for the tax year that it was obtained.The amendment of...
Posted by Elliot Kravitz, ATP on 11/07/2020
Nowadays, education is quite expensive. The average cost of a four-year course on public university at the present is about $75000 which indicates that you can anticipate a doubled...
Posted by Tim Thompson CPA PLLC on 04/03/2020
College education can set you back by a substantial sum. In 2017-2018, a four-year course in a private college would entail an expense of about $34,740. It could take you the best...
Posted by Elliot Kravitz, ATP on 09/30/2019
A tax return transcript is a summary of your important tax information in the federal income tax return. Thus, instead of getting into the weeds with your financial information in...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
The IRS does not categorically state that you need to prepare your tax return yourself. However, you need to employ the service of a professional tax preparer, for you to get the right...
Posted by LLOYD J CAZES CPA on 03/08/2019
FAFSA is a big deal for the students who have to study further in the college. It is the financial aid for the students which they can utilize by getting help from the financial aid...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/09/2019