What is the alternative minimum tax (AMT)?Alternative Minimum Tax (or AMTs) is a different but parallel method of calculating the taxpayer's account. It applies to people with...
Posted by Taxes Made EZ Inc on 01/09/2022
A 401(k) work plan helps you save a considerable amount each year in retirement, but there are annual limits for your contributions and those of your employer. Whether you choose a...
While tax season 2022 might be a few months away, the new year will be here before you know it. The fourth quarter is the time to do proactive tax planning to lower the 2021 tax bill....
Small businesses enjoy a variety of tax benefits, including corporate deductions. One of these possible tax deductions concerns business vehicles. Some businesses require vehicles...
Posted by Taxes Made EZ Inc on 10/19/2021
The CARES (Coronavirus Aid, Relief, and Economic Security) Act establishes many major loan and tax exemption programs to help tribal-owned businesses stay afloat and retain their employees...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/15/2021
A tax credit allows you to deduct a certain amount of money from the taxes you owe. It differs from a tax deduction, which allows you to reduce your taxable income. Tax credits are...
Posted by Rosovich & Associates, Inc. on 06/24/2021
Traditional and Roth IRAs may be the king and queen of the retirement prom, but there are other great options that savers shouldn't ignore.Although there are lesser-known SEP,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/06/2021
You might think that the only time there would be taxes on an IRA or other type of retirement account would be when you make withdrawals or distributions. However, some income received...
Posted by Taxes Made EZ Inc on 06/06/2021
Many people are less concerned about whether they owe gift taxes or not. A gift tax return is a Federal Government tax return often filed with certain terms and conditions by the gift's...