There are many reasons a small business might decide to convert their C Corporation to a limited liability company. Although many do this to avoid double taxation and also protect...
Posted by Aurelia E Weems CPA on 04/02/2020
For freelancers or categories of people that earn their income from delivering papers or other jobs, it is vital to pay self-employment taxes. You could be subjected to huge fines...
Posted by Premier Accounting & Tax on 04/02/2020
The Lifetime Learning tax credit amounts to 20% of the first $10,000 tuition fee paid every year till it reaches $2,000. To claim the entire $2,000 credit, you must have at least $10,000...
Posted by Premier Accounting & Tax on 04/02/2020
If you roll over funds within 60 days, you can escape grave tax consequences. If you, however, miss the deadline for important reasons, there is some grace available. This is because...
Posted by ABLE Tax Resolution on 04/02/2020
When you receive income from any source, you are required to pay tax. This is not only about federal income tax, but state income tax, Medicare tax or Social Security tax. According...
Posted by ABLE Tax Resolution on 04/02/2020
An early refund anticipation loan (RAL) is a loan that anticipates a person's tax return. The loan is an amount equal to the federal income tax refund and is repaid with a refund....
Posted by Fletcher Accounting and Tax Service Inc. on 03/27/2020
The Social Security Administration will send annual benefit claims to American workers for the first time in three years. This is good news, as the statements provide a useful projection...
Posted by Unifirst Financials & Tax Advisors on 03/27/2020
Tax credits for other dependent is a way in which extended families and other nonrelatives can get tax credits. My dad is well-to-do but still depends on me at times. Last week, for...
Posted by Unifirst Financials & Tax Advisors on 03/27/2020
There are times the IRS audit could just be random. According to history, no less than 1% of the American population is usually audited every year. While a handful of this is typically...
Posted by BEST FINANCIAL GROUP LTD on 03/27/2020
