Getting paid for goods and service means one will pay income taxes on the value received. This is valid for every form of earning, alongside any interest coming from the investment....
Posted by Schneiderman and Friedman on 02/23/2021
Low to moderate-income individuals can get massive relief from federal tax credits to cushion their tax or maximize their refunds. We will discuss some of those tax credits that can...
Posted by International Tax Consultants, LLC on 02/17/2021
For tax purposes, a dependent is any other qualifying person asides from the taxpayer or their partner that makes the taxpayer eligible to claim an exemption due to dependency on their...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 02/17/2021
Even though many Americans do not like sending a vast proportion of their hard-earned money to Uncle Sam, many look forward to their tax refunds. Tax refunds can save you a lot of...
Posted by McCool's Tax Service on 02/12/2021
Before the Kiddie tax, parents could get tax savings by setting up an investment account using the kid's name. Parents could give various items like a stock to their kids in which...
Posted by Schneiderman and Friedman on 02/12/2021
What is a dependent?A dependent is a qualified person other than the taxpayer or spouse, who gives the taxpayer the right to request a dependency exemption on their income tax return....
Posted by Income Taxes and Bookkeeping LLC on 02/10/2021
Going through the process of divorce or separation can be a very difficult time. Consider these tax tips for avoiding mistakes with the IRS.The process of divorce or separation is...
Posted by Karen Munoz, EA on 02/09/2021
There are several ways to reduce the tax burden. However, the two most popular are probably tax credits and tax deductions. While they may look the same, they are two very different...
Posted by KLSM CPA Firm PLLC on 02/09/2021
Marriage planning is an important event that many dream of, but one element is often overlooked during the preparation process: taxes. If you are planning that special event and haven't...
Posted by McCool's Tax Service on 01/31/2021
