The collection of income taxes is done on an ongoing plan. And for many, the employer pays both the federal and income state taxes by removing a percentage of the income from each...
Posted by Tiffany Gaskin on 05/26/2023
Filing taxes is a necessary obligation that all citizens and residents of the United States must complete. This is also true for those serving in the military, including those deployed...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/16/2023
The Alternative Minimum Tax (AMT) is a federal tax system designed to ensure that high-income individuals pay their fair share of taxes. The AMT was introduced in 1969 to target high-income...
Posted by Taxes Made EZ Inc on 05/16/2023
Investing in securities is a common way for individuals to grow their wealth. However, not all securities are created equal, and some investments may be classified as prohibited securities....
Posted by Rosovich & Associates, Inc. on 05/16/2023
Retroactive tax legislation is an issue that has been debated for a long time in the United States. Retroactive taxation occurs when the government imposes a new tax law that applies...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/08/2023
In the world of taxation, the concept of constructive receipt and substantial limitation is crucial in determining the timing of income recognition. Constructive receipt refers to...
Posted by Taxes Made EZ Inc on 05/08/2023
Payroll is an essential part of any business, and it can be a challenging task, especially when it comes to managing taxes. Many business owners need help with payroll management,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/30/2023
Investors receive the return on investment in the form of dividends, interest, or capital gains. Investment income is an important source of revenue for individuals, businesses, and...
Posted by Pat Raskob on 04/30/2023
In recent years, the Base Erosion and Anti-abuse Tax (BEAT) has become an important consideration for many companies operating in the United States. BEAT was introduced in the 2017...
Posted by KLSM CPA Firm PLLC on 04/30/2023
