Paying taxes for plaintiffs win or lawsuit settlements can be a little surprising for some people. Reality hits when tax season comes and the IRS Forms 1099 arrives in the mail. This...
An unexpected, unusual or sudden event that causes damage to your property would allow you to enjoy a casualty deduction -- in that tax year -- for the loss to your property. The...
At the point when a storm harms your home or a criminal takes resources from your home or vehicle, you presumably resort to insurance to repay you for your loss. Insurance agencies...
Tax time is on the rise, and if you collect information on health costs, you may wonder whether hospitals pay taxes and how health taxes differ from industry taxes. The answer is a...
Posted by Advanced Accounting & Tax Planning on 08/02/2019
A lot of people have always dreaded tax fillings and everything that has to do with tax, but when the new tax cuts and jobs act otherwise known as TCJA was eventually passed into law,...
Posted by Debi G Hill, CPA on 05/29/2019
The 2017 tax cuts had a bad and fair press, and it is expectedly so. Its proponent promised to increase investment and wages and also assured everyone it would pay for itself of which...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 05/01/2019
Several Americans have come to depend on tax refunds to feed their spending during the last days of winter. But since income tax filing has begun, a general review of the tax code...
Posted by J.R.'S TAX SERVICE on 04/09/2019
The tax reform bill implemented in December 2017 forbids deductions for hush cash settlements in sexual harassment cases. This is also called a Weinstein tax; it keeps people and organizations...
Sometimes, it could be so confusing differentiating between microeconomic and macroeconomic issues. There is actually no much ado as you only need to learn what their focus is. With...
Posted by Global Accounting on 01/27/2019