While investing in stocks has proven to be the best and easiest way for the average investor to accumulate wealth over the long term, holding stocks with dividend payouts is often...
Posted by KLSM CPA Firm PLLC on 07/17/2021
Yes!!! But, as with almost everything related to income tax, whether business or personal, there are always exceptions.In general, you will be able to waive credit card charges and...
Posted by Dennis Jao on 06/11/2021
Creating a financially secure life can seem like a daunting task, requiring the skills of a skilled cartographer and GPS programmer. You need to know where you are today and where...
Posted by Daniel P Vigilante CPA and Profit Consultants on 04/30/2021
A 457(b) plan is an employer-sponsored retirement savings account with tax benefits. With this plan, you contribute pre-tax money to your salary, and that money will not be taxed until...
Posted by KLSM CPA Firm PLLC on 04/20/2021
A pension in any form, either in the form of a lump sum or an annuity (sometimes called a retirement pension) or a combination of both, is a valuable and increasingly rare advantage....
Posted by The TaxAdvocate Group, LLC on 04/20/2021
Saving for retirement can be a challenge, and if you're falling behind, you're not alone. In 2020, the average 401(k) account balance was around $25,000, according to a Vanguard...
Posted by Karen Munoz, EA on 04/06/2021
In making some taxable gifts above a certain threshold, one will be subjected to a federal gift and estate tax. For the 2020 tax year, an individual can give away $11.59 million during...
Posted by The TaxAdvocate Group, LLC on 02/09/2021
The I.R.S requires that you report all taxable donations you make during the year and pay the appropriate tax. However, the average taxpayer never files a gift tax return or pays gift...
Posted by Unifirst Financial & Tax Consultants on 01/22/2021
One of the more intricate provisions of the Tax Cuts and Jobs Act (TCJA) is the new limitation of business interest expenses. At first glance, this limitation seems simple, but the...
Posted by Taxes Made EZ Inc on 10/30/2020
