It is a sad reality for many people that they will have to let go a particular percentage of their income to Uncle Sam. While there is nothing much we can do about that, the right...
What is considered a convertible virtual currency?Convertible virtual currency is an uncontrolled digital currency. Still, it can be used as a substitute for a real and legally recognized...
The OPR supports the IRS's strategy to improve tax law enforcement, ensuring that tax professionals meet tax practice standards and comply with the law. The OPR is the regulatory...
The Tax Cuts and Jobs Act (TCJA) of 2017 reduced the federal income tax rate for C Corps to 21%, effective January 1, 2018. With this tax rate reduction, business owners can assess...
In the near future, just in case you will get audited or sued, you won’t have to worry if you kept in track with your financial statements. Aside from it being in handy, good...
Life insurance companies are not closed due to the COVID-19 pandemic. Many of these companies, however, have come up with solutions in a bid to meet up with demands and increase sales....
Posted by Advanced Accounting & Tax Planning on 05/17/2020
A tax refund loan is just that: a short-term loan against the income tax refund you receive before the IRS repays you. However, this is not necessarily a loan for the full amount of...
Posted by Flynn Financial Group Inc on 01/30/2020
A professional athlete typically earns huge annual salaries, on top of their million-dollar endorsement and profitable career opportunities. But it does not secure them from having...
The enormous tax bust of crypto proprietors has started with the IRS mailing 10,000 letters to crypto account proprietors. These letters instruct crypto account holders about the guidelines...
Posted by John Pournaras Agency on 08/28/2019