You do not want to draw the attention of the Internal Revenue Service. However, failure to submit the appropriate form when you make payments to third parties can expose you to the...
The trader tax status (TTS) constitutes the treatment of business expenses and offers several significant tax advantages to qualified active traders. The first step is to determine...
Posted by Advanced Accounting & Tax Planning on 04/20/2020
The number of tax-related identity theft has been increasing and the IRS has been monitoring these tax fraud events. Tax season excites identity thieves.According to Neil Chase, Vice...
Posted by Tim Thompson CPA PLLC on 04/03/2020
Business owners have the responsibility to file their business taxes annually and you might want to begin planning your future business taxes for the next tax season and consider looking...
Posted by Freddie Cook, CPA on 04/03/2020
It is the financial responsibility of every homeowner to pay property tax. The revenue from this tax is essential to keep the community running and fund public projects, construct...
Business insurance protects companies against losses due to events that may occur in the ordinary course of business. There are several types of business insurance, including legal...
Posted by LLOYD J CAZES CPA on 02/15/2020
Qualifying as a real estate professional is not easy. On the bright side, if you qualify as a professional real estate, you are entitled to an income tax treatment that can benefit...
As a smart fund manager, you probably already have at least one basic real estate plan, including the notary's will and financial powers. However, there are many other tools you...
Posted by Elliot Kravitz, ATP on 11/25/2019
Rather than handing over their hard-earned cash to the government, American wage earners are given a chance to pocket more income through itemizes tax deductions. Deductions have long...