The IRS deals with foreclosure as well as the sale of a property. It was already yours, and you no longer own it, so you could end up paying taxes on a mortgaged property. The event...
The Internal Revenue Service (IRS) recently published comprehensive information on their website on tax policy for the cannabis industry, specifically the marijuana industry. The site...
We classify a revenue ruling as a public decree from Uncle Sam that has the backing of the law. A revenue ruling states out IRS's tax laws in a way that is easy for people to understand....
Small Business Loans (SBAs) are among the most popular and reliable ways to get financing for small businesses. As with any financial product, though, loan rates change. What are the...
What is an FSA (Flexible Spending Account)?A Flexible Spending Account is a type of savings account that provides specific tax benefits to the account holder. An FSA sometimes referred...
The market value of worthless security is zero. Typical examples are bonds or stocks that are publicly traded or held privately. Such securities and other securities abandoned by the...
An alternative minimum tax puts a cap on the tax percentage amount every taxpayer must pay no matter the deductions or credit they claim. As long as your income is above a specified...
2021 is right around the corner, but there is still a short time to lower your 2020 tax bill, increase your savings, help your community, and secure your financial future in the process....
For people in the line of work where they receive tips typically, money is an essential part of their income. The internal Revenue Service, however, makes it compulsory that tip...