Individuals can exclude up to $250,000 of income from capital gains tax on the sale of their primary residence, thanks to the Internal Revenue Code (IRC) exclusion of home sales. Married...
Posted by Elliot Kravitz, ATP on 06/11/2021
Before leaving the United States, all foreigners (except those listed below) must obtain a "Certificate of Compliance" from the United States Internal Revenue Service. This...
Provided that the debts were properly paid off, filling for the IRS tax extension might be easier than what it seems.There are a lot of reasons why we need tax extensions. Some of...
When it comes to who you can claim as a dependent on your tax return, the Internal Revenue Service (IRS) defines “relative” somewhat loosely -- that is the good news. The...
Usually, when you move to a new state, you become a resident of that state. Then you pay the taxes as residents of the new state.However, if you are the husband of a member of the...
Posted by Valderas Financial Solutions LLC on 08/28/2019
As you probably know, most of your income is taxable. If you earn a salary, an hourly wage, tips, commissions, renting a property you entrust or dividends and interest on your investments,...
Posted by Advanced Accounting & Tax Planning on 08/02/2019
While migrating to a different country, one of the very first thoughts that come to your mind is the infrastructure and provisions for healthcare in the place that you might call your...
Posted by The Accounting and Tax on 06/22/2019
Blockchain-like innovation gives the general population the privilege to be accountable for their information for example to have a self-sovereign identity which they control. Blockchain...
Posted by Flynn Financial Group Inc on 05/01/2019
The Internal Revenue Service in Washington has seriously encouraged taxpayers who are lagging in their tax payment to pay up their debt or come into an agreement with the IRS in other...