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
The year is progressing gradually, which means a lot of management teams will be exploring the trends that will impact their business. Also, it is essential to be aware of how their...
Recently, the Internal Revenue Service and the Treasury Department gave their verdict on the gift items and tax exclusion amount that have taken effect from 2018 to 2025. The regulations...
Posted by LLOYD J CAZES CPA on 01/23/2020
The Earned Income Credit (EITC) is a federal tax refund for workers and families who meet specific eligibility requirements. Employers must provide EITC employees with information...
Posted by Valderas Financial Solutions LLC on 01/02/2020
Roughly $61 billion in EITC was given to 25 million eligible workers and families in 2019, according to the IRS. The Earned Income Tax Credit (EITC) is a tax credit that is refundable...
Posted by Flynn Financial Group Inc on 12/29/2019
Estate planning law is slowly but surely catching up to modern technology. In most states, electronic wills are paved its way by the latest development. One that recognizes the...
Posted by Flynn Financial Group Inc on 12/29/2019
Although it may seem little, the interest you earn during the year is not tax-free. The interest is subject to the same tax rates as the rest of the income.Sources of interest income...
Posted by LLOYD J CAZES CPA on 11/25/2019
The FAST (Fixing America Surface Transportation) Act, a five-year law on bipartite land transport approved by the House (359-65) and the Senate (83-16), was signed by President Obama....
Posted by LLOYD J CAZES CPA on 09/30/2019
The eighteenth-century philosopher and economist Adam Smith endeavored to systematize the standards that ought to oversee a sound arrangement of taxation. In The Wealth of Nations...
Posted by Elliot Kravitz, ATP on 05/29/2019