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
As long as you repay such a loan fully, there is no need for income taxes on a personal loan. However, the forgiveness of any part of the loan or paying the loan for a lesser amount...
Posted by Karen Munoz, EA on 06/06/2021
It is a common saying that there is nothing as certain as death and taxes. However, the issue with taxes is the inconsistency and the complication. Also, tax is not as old as human...
First, the similarities: 529 custody plans and accounts, such as the UGMA (Uniform Gifts to Minors Act) or UTMA (Uniform Transfers to Minors Act), offer parents other ways to help...
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....
The Internal Revenue Code (IRC) talks about Title 26 of the U.S. Code. It is commonly called IRS Code or IRS tax code with laws enforced by the Internal Revenue Service. The United...
Posted by Elliot Kravitz, ATP on 08/28/2020
Much has been circulated to use an IRA, particularly a Roth IRA, as another type of college savings account. The basis of this idea is that you can avoid the 10% penalty for early...
Posted by David Macgregor on 05/18/2020
Nowadays, education is quite expensive. The average cost of a four-year course on public university at the present is about $75000 which indicates that you can anticipate a doubled...
Posted by Tim Thompson CPA PLLC on 04/03/2020
Recently, the Internal Revenue Service and the Treasury Department gave their verdict on the gift items and tax exclusion amount that have taken effect from 2018 to 2025. The regulations...
Posted by LLOYD J CAZES CPA on 01/23/2020