Form 5500, 5500-EZ and 5500-SF must be filed on time. In general, filing forms 5500, 5500-EZ and 5500-SF is the responsibility of the plan administrator. Penalties can be expensive,...
Posted by ABLE Tax Resolution on 02/25/2020
A provision has been included in the Bipartisan Budget Act of 2015 (BBA) which resulted in the creation of audit rules on new partnerships. Recognizing partnerships including LLCs...
Posted by ABLE Tax Resolution on 02/25/2020
Final regulations were issued by the Treasury and the Internal Revenue Service (IRS) to implement the base erosion and anti-abuse tax or BEAT. A series of important proposed regulations...
Posted by Fletcher Accounting and Tax Service Inc. on 02/25/2020
In relation to income tax, once a company’s eligible expenses surpass its taxable income during the tax period it becomes an NOL or the Net Operating Loss. Most companies usually...
Posted by Fletcher Accounting and Tax Service Inc. on 02/25/2020
What are Accumulated Earnings?Since the inception of the company, the sum of a company’s profit, after dividend payments is called accumulated earnings. It is also known as earned...
Posted by Unifirst Financials & Tax Advisors on 02/25/2020
Missed DeadlineYou will be liable for taxes and penalties if you fail to accomplish the deadline for rolling over an IRA distribution to another IRA or other qualified retirement plan....
Posted by Unifirst Financials & Tax Advisors on 02/25/2020
The Lifetime Learning Tax Credit corresponds to 20 percent of the first $10,000 in your tuition expenses paid every year. The maximum credit for Lifetime Learning Tax Credit is up...
Posted by BEST FINANCIAL GROUP LTD on 02/25/2020
A State tax charged on the exploitation of non-renewable resources such as crude oil, condensate and natural gas, coal bed methane, timber, uranium, and carbon dioxide that are allocated...
Posted by BEST FINANCIAL GROUP LTD on 02/25/2020
The beginning of this year’s tax season will be this coming Monday, January 27, 2020, as said by the IRS (Internal Revenue Services). When can we get our tax refund? A question...
Posted by Flynn Financial Group Inc on 02/25/2020
