Is Foster Income Taxed?Payments received as Foster Income are NOT taxable, so you do not need to report them. Suppose the assistance is provided to a qualified foster individual and...
Posted by Tim Thompson CPA PLLC on 09/15/2020
An education savings bond program allows eligible taxpayers to exempt all or part of the interest earned on eligible savings bonds' redemption from gross annual income. Securities...
Posted by James Financial Services Inc on 09/14/2020
Quite a lot of companies hand out bonuses as rewards and incentives for work done through the years. Employees that have contributed their quota towards the advancement of the firm...
Posted by Abundant Wealth Planning LLC on 09/14/2020
Credit is one of the issues that bother consumers a lot. One day you have your credit score rating as "good," and months later, you dropped. You tried and tried to pinpoint...
Posted by Daniel P Vigilante CPA and Profit Consultants on 09/14/2020
The EITC (earned income tax credit) is a refundable credit that applies to all taxes owed after completing the return and calculating the amount owed. The Internal Revenue Service...
Posted by Carmen Garcia on 09/14/2020
When Do You Need to Amend Your Tax Return?Filing an amended tax is a nightmare for many people. You have tried your best to be diligent with the preparation. You spend sleepless nights...
Posted by Don Bell Law on 09/14/2020
Dependents Explained A dependent can be a qualified child or a qualifying relative with a status determined by the Internal Revenue Code (IRC) tests. To qualify for dependent...
Posted by Aurelia E Weems CPA on 09/14/2020
If you are a homeowner, "basis" is a word you must understand. The basis is the value of your home (or other property) for tax purposes. When you sell your home, your profit...
Posted by BEST FINANCIAL GROUP LTD on 09/14/2020
The heavy highway vehicle use tax return (HVUT) is an annual tax levied on public vehicles on highways. For these vehicles, the taxable gross weight must be equal to or more than 55,000...
Posted by Larry Kenneth Hurt on 09/09/2020
