Section 4261 of the IRC typically imposes a special 7.5% air tax on amounts paid for "taxable transportation" and certain segment-specific dollar taxes. However, certain...
Background. Effective for each tax year beginning after December 31, 2017, an ATEO is generally subject to a special tax (currently 21%) on the amount of any employee's overcompensation...
Several recent developments may affect taxpayers based on a strategy of trading or holding tax-exempt state and local bonds, commonly known as municipal or "munis" bonds....
Women tend to worry a lot about retirement. This is not surprising as women tend to live longer, and they typically need more health care plans compared to men. This makes it essential...
Carried interest is part of the income obtained when a private equity fund sells an asset. Sometimes called "carry," it is part of the net capital gains of the sale fund....
Living and working abroad is an incredibly interesting opportunity. However, because U.S. taxes are based on citizenship, Americans living in a foreign country must continue to file...
Posted by Flynn Financial Group Inc on 07/09/2020
Debt management is difficult, especially when it comes to credit. Increasing debt can hurt your credit score, and bad credit can make eligibility for low-interest loans more difficult,...
Posted by Freddie Cook, CPA on 06/22/2020
It’s common for women in their sixties to feel insecure financially as they approach retirement. It’s stressful enough to plan for retirement, facing additional challenges...
If you have a relative that passed away and left you a considerable sum of money, it is possible to feel that you have arrived. Rather than lavishing the money on frivolities, however,...
Posted by Flynn Financial Group Inc on 06/10/2020