While taxes for 2020 are not due until 2021, many important financial decisions made now can have a major impact on farm taxes and when they are paid. An important resource is the...
Posted by Karen Munoz, EA on 01/17/2021
The Federal Fuel Tax Credit is a program that allows businesses to reduce their taxable income dollar by dollar-based on specific types of fuel costs. The fuel tax credit encourages...
Posted by Dennis Jao on 01/06/2021
Wouldn't life without taxes be beautiful? You can't avoid them entirely, but as a veteran of the United States Army, you have access to tax benefits that, for the most part,...
Posted by Thomas G Kinsella, ATP on 01/06/2021
Military members enjoy many tax benefits, including one-time tax deductions, combat pay exclusions, and extended time limits. Read on to find information on various military-specific...
Posted by Tucker Accounting Services LLC on 01/06/2021
We classify a revenue ruling as a public decree from Uncle Sam that has the backing of the law. A revenue ruling states out IRS's tax laws in a way that is easy for people to understand....
Posted by Aurelia E Weems CPA on 12/26/2020
There are many tax benefits available to the military, including tax deductions, exclusions from battle payments, extended deadlines, and other benefits. If you are in the U.S. military,...
Posted by The TaxAdvocate Group, LLC on 12/20/2020
There is vital tax information for the U.S. Armed Forces reserve component that deals with tax breaks and deductions for expenses they incur while in active service. The following...
Posted by Unifirst Financial & Tax Consultants on 12/18/2020
There are essential elements in the 2018 tax law changes that will affect farmers and their families. These changes span through to 2025.Effect on Individuals Standard Deduction:...
Posted by Carmen Garcia on 11/18/2020
Buying a home is one of the most expensive purchases most of us will make, so anything that can lower a mortgage cost is worth considering.In addition to negotiating a good price and...
Posted by Dennis Jao on 10/21/2020
