There are some rules from section 451 (c) as amended by the TCJA, which makes available ways to have advance payment in income for the tax year that it was obtained.The amendment of...
Posted by Elliot Kravitz, ATP on 11/07/2020
To be successful in the inventory acquisition process, you will need to monitor your business's two main aspects: efficiency and profitability. It's important to keep a schedule,...
Posted by Dennis Jao on 11/07/2020
In December 2017, major tax reform was launched, which concerns individuals and businesses. It is commonly known as the Tax Reduction and Employment Act, TCJA, or Tax Reform. Most...
Posted by CORE PERFORMANCE on 11/06/2020
The 1031 Exchange, alias Like-Kind Exchange or Starker Exchange, is a powerful tax deferral strategy used by some of the most successful real estate financial investors. This may be...
Posted by The TaxAdvocate Group, LLC on 11/04/2020
There are times Uncle Sam might be authorized legally to confiscate a taxpayer’s property. They do this to take care of tax liabilities. It should be noted that a levy stands...
The maximum federal corporate tax rate was 35% some years ago. From Dec 31, 2017, however, the federal corporate tax rate was placed at 21 percent. This, however, applies to the corporation's...
Posted by Flynn Financial Group Inc on 11/04/2020
The idea of the rehabilitation is to make available a tax credit from the federal government to help renovate and rehabilitate historic buildings that generate income. According to...
Posted by Unifirst Financial & Tax Consultants on 11/03/2020
In general, any form of military payment obtained while deployed to a combat zone is excluded from federal income tax. This translates into significant tax savings for the active combat...
Posted by Tucker Accounting Services LLC on 11/02/2020
Higher education is expensive, with tuition and expenses rising every year. Thankfully, there are assistance programs to relieve some of these costs in the form of scholarships,...
Posted by James Financial Services Inc on 10/29/2020
