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Understanding Defined Benefit Pension Plans

A defined benefit plan, more commonly known as a pension plan, provides guaranteed retirement benefits to employees. Defined benefit plans are primarily funded by the employer,...

Foreign Tax Credit: What is it & How to Claim it

If you are an American who has lived or worked outside of the United States, you will almost certainly need to file a tax return with the IRS and be eligible for the foreign tax...

Posted 01/26/2023 by Taxes Made EZ Inc

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Deducting Medical Expenses of Others

The IRS allows taxpayers to deduct medical expenses used by themselves, their spouses, or someone claiming them as a dependent. Although tax returns do not accept medical deductions...

Posted 01/26/2023 by Pat Raskob, Emeritus

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Some Tips on How to Protect Your Wealth

A wealthy person needs accurate decisions to be able to continue growing in wealth and also have enough left to pass down to future generations. Unfortunately, statistics show...

Posted 01/26/2023 by KLSM CPA Firm PLLC

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