For creating retirement accounts for employees, many companies use the 401(k) plan. Often along with a little incentive and a portion of your paycheck from your company, you are charged...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
The commitments you make to a flexible spending account (FSA) are not tax deductible because the accounts are supported through pay deferrals. Be that as it may, adding to an FSA reduces...
Posted by Valderas Financial Solutions LLC on 06/19/2019
As per the Social Security Administration (SSA), 96% of American employees are secured under Social Security. In case you're one of the numerous who is qualified to obtain Social...
If you don't hope to drain the assets in an IRA amid retirement, at that point, it's a smart thought to decide the most productive method for exchanging the account balance...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/04/2019
The IRS awards you an automatic half year extension to document your taxes each year, as long as you complete Form 4868. Customarily, government tax returns are expected on April...
Posted by Debi G Hill, CPA on 05/29/2019
If you have been relieved of your job, odds are your pay has dropped significantly. That implies your tax status has likely changed too. You may now be eligible for deductions...
Posted by Elliot Kravitz, ATP on 05/29/2019
When you abruptly turned out to be unemployed, making sense of your tax risk likely isn't your most critical need. Nevertheless, irrespective of whether you don't have...
Posted by Advanced Accounting & Tax Planning on 05/29/2019
You may have noticed the vague and hyphenated names of various IRS forms that seem to have no connection to the purpose they serve. When filing for your tax return, it’s understandable...
Posted by Debi G Hill, CPA on 05/20/2019
There are significant tax benefits to moderate and low-income families who choose to prioritize these long term savings since saving for retirement doesn’t always come easy....
Posted by LLOYD J CAZES CPA on 05/20/2019