Everyone wants a less tax-friendly bill. One way to do this would be to live in a state with no income tax. As of 2019, seven states; Florida, Alaska, Nevada, Texas, South Dakota,...
Posted by Elliot Kravitz, ATP on 04/20/2020
The IRS has announced the 2020 standard mileage rates for commercial, medical, and other users of a car and the 2020 vehicle values that limit the application of specific rules to...
Posted by YourIRSTaxAdvocate.com on 02/15/2020
In Dec 2019, the IRS announced that the standard mileage rate that will be used for deducting operating costs for automobiles would be 57.5 cents per mile. This is half a cent lesser...
Posted by Flynn Financial Group Inc on 02/14/2020
To pay for construction and repair of US bridges, roads, and interstate highways, gas taxes have often been considered an integrated ‘user fee’. Many states and the federal...
Posted by Debi G Hill, CPA on 11/26/2019
Gasoline taxes are often considered as integrated "user fees" for the payment of the construction and repair of American roads, bridges, and highways. While the cost of gasoline...
Posted by Advanced Accounting & Tax Planning on 11/25/2019
Suppose you think of a company as an unincorporated parallel business. If your business expenses exceed your income, you will have a net loss. You may feel that you can deduct this...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
If you’re a homeowner, you may qualify for a federal tax credit provided that you made improvements or installed appliances designed to maximize the energy efficiency of a home....
Posted by John Pournaras Agency on 06/25/2019
Introducing an alternative source of energy in your home, for example, solar water heating and solar electric panels can qualify you for credit equivalent to 30% of your total expense....
Posted by Valderas Financial Solutions LLC on 06/19/2019
Regardless of whether you're another business proprietor or have been running a business for a couple of years, dealing with the different business taxes you need to pay —...
Posted by Advanced Accounting & Tax Planning on 05/29/2019