We know that the tax season is months away. However, the year will end in a couple of weeks. This is the perfect time to be proactive with your tax planning to have a favorable 2020...
Posted by LLOYD J CAZES CPA on 01/23/2020
The final regulations around the increased gift and estate tax exclusion amounts in effect from 2018-2025 has been issued finally by the Treasury Department and the Internal Revenue...
The withdrawal policies for the 529 plan have changed over the years. From once a relatively restrictive definition of "Qualified Higher Education Expense" or QHEE, it has...
The Tax Cuts and Job Act is the most crucial series of amendments to the US tax code in a few decades. The vast majority of the amendments will come into effect in the 2018 fiscal...
Posted by Flynn Financial Group Inc on 10/29/2019
Parliamentarians have been trying for years to slightly give the seniors a bit of break at the time of taxation, and the 2018 bipartisan Budget Act has finally taken a decisive step...
Posted by John Pournaras Agency on 10/29/2019
Effective on October 1, 2019, the new per diem numbers are out. On or after October 1, 2019, any employees who will travel away from home will have this allowance and these numbers...
Posted by Elliot Kravitz, ATP on 10/29/2019
The legislators have been pursuing for a considerable length of time to allow seniors a touch of some breathing room at tax time, and the Bipartisan Budget Act of 2018, at last, made...
Posted by Advanced Accounting & Tax Planning on 10/23/2019
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...
American workers could enjoy a payroll tax cut, if the Trump administration goes ahead with its reported efforts that are ostensibly aimed at bolstering consumer spending and, in turn,...
Posted by Valderas Financial Solutions LLC on 09/26/2019