Formerly known as the Retirement Savings Contribution Credit, the savings credit offers a unique tax advantage to low- and moderate-income taxpayers who save for retirement. This credit...
Posted by Roland Zita, CPA on 05/30/2019
Basics of spousal supportWhen married couples file for a divorce, the court may grant spousal support to either of the former spouses, based on either on an agreement reached between...
Posted by LLOYD J CAZES CPA on 05/29/2019
The eighteenth-century philosopher and economist Adam Smith endeavored to systematize the standards that ought to oversee a sound arrangement of taxation. In The Wealth of Nations...
Posted by Elliot Kravitz, ATP on 05/29/2019
Consider their tension: Is the IRS going to appear one day and seize my home? Put a levy on my salary so I can't accommodate my family? Shut down my business? When do I recover...
Posted by Elliot Kravitz, ATP 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
In case you are still hanging tight for a tax refund on your federal income this year, here's one reason it may be postponed: the administration could have seized it. A similar...
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
Trust funds are an incredible method to create wealth for who and what is to come, yet numerous new financial specialists will, in general, abstain from them since they think they...
Nonprofits envelop a wide range of entities. Many may relate not-for-profits with 501(c)(3) philanthropies, for example, the Salvation Army. However, there are various kinds of nonprofits...
Posted by Advanced Accounting & Tax Planning on 05/29/2019