Every US citizen that wants to live in another country should consider learning what the Foreign Tax Credit Entails and how it works. It also applies to all citizens that desire to...
While investing in stocks has proven to be the best and easiest way for the average investor to accumulate wealth over the long term, holding stocks with dividend payouts is often...
Posted by KLSM CPA Firm PLLC on 07/17/2021
You can receive income in the form of money, goods, or services. This section deals with several types of taxable and non-taxable income. It includes discussions on employee salaries...
Posted by Carmen Garcia on 07/06/2021
All US citizens with foreign accounts need to worry about the tax implications. Uncle Sam does not treat all funds held in a foreign bank account the same way as a domestic bank account....
There are times you might need to leave an employer for another job, start your job, and other reasons besides employment. In this case, there are four options one have with the 401(k)...
The CARES Act (Coronavirus Aid, Relief and Economic Security Act) came up with a new assistance program for small businesses (with employees below 500) to cushion the coronavirus's...
What is a private activity bond (PAB)?PABs are tax-exempt bonds distributed by or on behalf of a state or local authority to provide special financial benefits for eligible projects....
People traveling regularly for business will probably incur costs such as lodging, meal, and other miscellaneous expenses, which brings in per diem payments. This is the reimbursement...
Posted by KLSM CPA Firm PLLC on 01/30/2021
While taxes for 2020 are not due until 2021, many important financial decisions made now can have a major impact on farm taxes and when they are paid. An important resource is the...