Alternative minimum tax refers to a percentage of taxes a taxpayer must pay the government regardless of the deductions the taxpayer claims. With the AMT, some taxpayers get to pay...
Before the Kiddie tax, parents could get tax savings by setting up an investment account using the kid's name. Parents could give various items like a stock to their kids in which...
The US tax system is set up on both the federal and the state level. There are several taxes which citizens must file. These taxes include: income tax, capital gains and sales tax....
Article Highlights:Skyrocketing Government Spending Federal and State Deficits Tax Increases in Our Future Tax Strategies The outcome of the November elections...
Posted by Ace Plus Tax Resolution on 08/04/2020
The Schedule K-1 can be tied to different tax returns, depending on how the business was created. The K-1 tax form varies slightly depending on whether the ownership structure is a...
Posted by Larry Hurt on 07/23/2020
Due to the coronavirus pandemic, the IRS recently announced a 90-day tax payment extension in the U.S. For most Americans, it can be confusing as to what it covers and what the extension...
You may have heard of the 90-day fee extension due to the coronavirus pandemic, but you don't know what it covers. What does the extension mean for Americans? Do taxes still have...
Posted by Accountable Solutions on 05/17/2020
On Dec. 20, President Trump signed into law the Setting Every Community Up for Retirement Enhancement Act, or the Secure Act. The new law is mainly intended to expand opportunities...
Posted by Larry Hurt on 04/27/2020
The Internal Revenue Service came out with new procedures allowing expatriates who have renounced their US citizenship the opportunity to comply with their tax obligations and in turn,...
Posted by Valderas Financial Solutions LLC on 10/31/2019