Taxpayers use form 3903 to deduct moving expenses involved in a new job. This deduction, however, is no longer applicable to all taxpayers. A couple of years ago, Uncle Sam came up...
The idea behind getting life insurance for many people is for their heirs to have enough sustenance and provision after their death. Many people desire for their family members to...
Posted by Karen Munoz, EA on 08/24/2021
One of the primary reasons people buy annuities is the favorable tax treatment. However, even if annuity comes with tax benefits, it does not rule out the drawbacks. As a result, one...
Article Highlights:Stimulus Payments to Deceased Individuals Stop Payments Being Made on Checks Already Issued IRS Authority to Deny Stimulus Payments to Deceased Individuals History...
Posted by Ace Plus Tax Resolution on 08/04/2020
The Taxpayer Advocacy Panel is a Federal Advisory Committee to the Internal Revenue Service (IRS). If you’re a taxpayer and you have important issues that need to be identified...
All U.S. citizens do have up to the middle of the fourth month of the year to file in their annual tax. There are, however, other options for extensions based on various factors. There...
Posted by Elliot Kravitz, ATP on 01/19/2020
Parents typically open custodial accounts if they want their children to save and invest because children in most states are not legally allowed to own financial assets. UTMA is one...
If you fear a possible recession on the horizon, you can take some financial measures to protect yourself.A report made by the National Retail Federation revealed that the proposed...
Posted by Valderas Financial Solutions LLC on 10/29/2019
The total spending for K-12 schools and college reached $82.8 billion in 2018, nearly as high as 2017’s $83.6 billion, that’s according to the National Retail Federation’s...