It is vital to consider ways to secure our finances when we retired. This is where annuities come in. They provide a steady and guaranteed stream of income for as long as we are alive....
The main incentive for small businesses under the CARES Act is the Paycheck Protection Protection (PPP) program. The $349 billion funded through the Small Business Loan Program (SBA)...
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...
The IRS has announced the 2020 standard mileage rates for commercial, medical, and other users of a car and the 2020 vehicle values that limit the application of specific rules to...
Posted by YourIRSTaxAdvocate.com on 02/15/2020
What is a Subsidy?A subsidy is a benefit granted to a person, a company, or an institution, generally by the government. This is usually a cash payment or a tax exemption. The subsidy...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/30/2020
Parents typically open custodial accounts if they want their children to save and invest because children in most states are not legally allowed to own financial assets. UTMA is one...
How do you account for the costs of health care alongside planning for your retirement? If you're like the others, you are underestimating these expenditures.While Medicare Part...
Posted by YourIRSTaxAdvocate.com on 01/19/2020
Direct payment offers individual taxpayers an easy way to quickly pay the amount owed on the payment statement or bank bill, or make estimated quarterly payments without having to...
Posted by Valderas Financial Solutions LLC 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