There are essential things to keep in mind during legal separation and divorce. First, the act changes not only relationship status but also taxes. A married couple will continue to...
Posted by Rosovich & Associates, Inc. on 11/17/2022
Caregivers do forfeit their jobs and employee benefits to perform a selfless act of caring for loved ones. However, there are benefits attached to the selfless act that is not known...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/30/2022
It's never good news when Uncle Sam flags you for an audit. It sends waves down your spine even when you think you have done nothing wrong. The fear of auditing is the best option...
Posted by Tiffany Gaskin on 10/30/2022
Nobody likes paying spousal support. At least when you pay child support, you know it is for your kids, not your ex. Long-term alimony (or maintenance, spousal support, or whatever...
Posted by Pat Raskob on 10/26/2022
This guide will tell you everything you need to know about 1035 exchanges: how they work, the different types, and how to assess whether a 1035 exchange is right for you.What is a...
Posted by KLSM CPA Firm PLLC on 09/19/2022
On November 2, 2015, President Obama signed the Bipartisan Budget Act (B.B.A.) of 2015, which included a new federal audit regime for businesses and entities classified as a partnership...
Posted by Dennis Jao on 09/10/2022
This is the first year that individuals, estates, and trusts ("owners") holding these pass-through businesses will be able to claim the 199A deduction. The Tax Act of 2017...
Posted by Dennis Jao on 09/02/2022
A direct deposit scam is a business email compromise or email account compromise system (BEC/EAC). Commonly prevalent, these scams affect all sectors. In 2019, the IC3 (FBI's Internet...
Posted by Tiffany Gaskin on 07/18/2022
As a taxpayer, you should be familiar with the current year’s tax return. You can request to check or change the information on the tax report after filing your assessment year...
Posted by Dennis Jao on 06/10/2022
