What is the harvesting of tax losses?The tax-loss harvesting can be said to be the act of selling a security that has experienced loss. By observing or "harvesting" a loss,...
Posted by John Pournaras Agency on 11/13/2019
Lending money to a family member (or borrowing from a family member) may seem like a good idea: the borrower gets easy approval, and any interest paid is left to the family rather...
Posted by Valderas Financial Solutions LLC on 11/12/2019
It is best to learn the tax rules, benefits and risks before you consider lending money between family members. Doing so have two consequences either beneficial or a disaster.But,...
Taxable income is the sum used in estimating the amount of tax a person or corporation owes to the government in a given fiscal year. Generally, it is described as a gross income or...
Posted by Advanced Accounting & Tax Planning on 11/05/2019
The U.S is facing a big problem when it comes to public pensions across the country. The outlook for investment returns is worsening while the gap between their assets and liabilities...
Posted by Debi G Hill, CPA on 11/05/2019
Your home-based business is in an exclusive tax situation. Your home business may benefit from all the usual tax deductions, but some work differently, and others are for domestic...
Posted by LLOYD J CAZES CPA on 10/01/2019
Rather than handing over their hard-earned cash to the government, American wage earners are given a chance to pocket more income through itemizes tax deductions. Deductions have long...
Tax laws are passed by Congress, tax revenues are then collected by the Treasury Department, and the reporting and collection process is done by the International Revenue Service (IRS)....
Posted by Flynn Financial Group Inc on 08/23/2019
When making a move abroad for retirement, it’s important to consider a few important things including your finances. Making sure arrangements are in place to make managing finances...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/23/2019