The Lifetime Learning tax credit amounts to 20% of the first $10,000 tuition fee paid every year till it reaches $2,000. To claim the entire $2,000 credit, you must have at least $10,000...
Posted by Premier Accounting & Tax on 04/02/2020
You can consider the basic idea of capital gains very simple: the net profit will be known as a capital gain if you sell an asset for more than you paid for it. For example, you get...
Many of the best retirement savings strategies use employer-sponsored retirement plans, such as a 401 (k) or individual plans, such as an IRA or Roth IRA. These retirement vehicles...
There are four ways to stop paying taxes on your crypto earnings. If you're fed up with the IRS receiving half of your short-term profits and 20% of your long-term gains, here...
Many benefits come with having a Roth IRA for your kids. In addition to the benefits of early investment, here are some reason a Roth IRA is suitable for your kids You can withdraw...
Posted by LLOYD J CAZES CPA on 01/23/2020
Taxation, in itself, is not a bad thing. At some level, your taxes will pay for something that benefits the general public that no other entity would pay otherwise. However, the overpayment...
Posted by John Pournaras Agency on 01/02/2020
For an “injured” spouse to regain the share of a joint return, they must file Form 8379. This is the case when a past-due obligation of the other spouse was applied by...
Posted by LLOYD J CAZES CPA on 12/28/2019
It's an inevitable fact: in our crumbling retirement system, millions of older Americans have no way to retire in dignity. Individual workers want a full pension and are ready...
Posted by Elliot Kravitz, ATP on 11/05/2019
The pension crisis is a predicted failure of the currently practiced pension system’s ability to pay the pension of corporate and government-employed workers. Let’s help...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 10/31/2019