The IRS is considering building cases against taxpayers who are not able to report cryptocurrency. Even if more tax rules awareness is presented nowadays, it is believed that millions...
Tax resolution firms are causing huge problems for consumers in our country. They charge excessive cost from meek consumers and almost never resolve anything. These firms are relatively...
Posted by Cochran tax svc on 02/27/2020
When filing early for your return in 2020, the following tips prevent you from spending unnecessary amounts on your taxes and help you save a lot of money.1. Determine if you want...
Tax Season for this year is currently underway, with that being said several tax forms are also in process. One of these forms is the W-2, Wage and Tax Statement for employees. Regardless...
Posted by Freddie Cook, CPA on 02/27/2020
Partners need to examine and review their operating agreement for them to effect the new audit rules. As of the 2017 tax year, the IRS examined tax returns from a partnership...
What is the severance tax?The severance tax is a state tax imposed on the extraction of non-energy natural resources for consumption in other states. These natural resources include...
Many companies do not earn money, especially during the first year of operation. When this happens, the IRS offers entrepreneurs tax benefits in the form of a net operating loss (NOL)....
A person who receives a distribution from a qualified 401 (k) plan, a retirement benefit, or participation or an individual retirement account (IRA) may defer recognition of taxable...
Posted by A+ Income Taxes on 02/27/2020
The tax credit for lifetime learning represents 20% of the first $ 10,000 of tuition fees paid per year, up to a maximum of $ 2,000. You must have at least $ 10,000 of eligible expenses...
Posted by James Financial Services Inc on 02/27/2020
