American businesses of all sizes have a number of financial information that must be organized and reported to comply with legal obligations, such as tax requirements. Various professions...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/01/2022
The technology sector is large and includes device manufacturers, software developers, cloud computing providers, semiconductor companies, streaming services, and wireless service...
In 2001, the IRS was mandated to offer free tax preparation service alongside filing service to taxpayers that qualify. This led to the creation of the free filing alliance in 2003...
Posted by Rosovich & Associates, Inc. on 07/23/2021
Getting a notice from Uncle Sam that you have outstanding debt can be devastating, especially if you believe there is some mistake. Sadly, owing Uncle Sam and ignoring him will...
There are multiple options for anyone that wants to pay their taxes. This article will shed light on various payment options available from the IRS.Automatic Payment People who...
Certain disability and retirement benefits may be open to qualified Railroad employees and their spouses.Railroad Retirement is similar to the Social Security system but legislatively...
There has been a lot to be done about the Affordable Care Act: from passing the law under President Obama to repealing the law under President Trump. This has left many people confused...
Posted by Pat Raskob on 01/19/2021
Depreciation is negative. It is like something losing value. In the tax world, however, depreciation can translate to considerable tax savings. Depreciation means deducting the...
What Are Tax Brackets? Tax brackets are specific income ranges used to determine the tax rate you pay on your taxable income. The United States, for example, uses a progressive...
Posted by True Tax Service on 10/25/2023