With the new tax law raised in 2018, the standard deduction amount nearly doubled and with this, the number of taxpayers that itemize has reduced. This was a significant decrease from...
Posted by The TaxAdvocate Group, LLC on 07/17/2021
The process of buying a house could be complicated, especially for first-time buyers that have no idea of the process. Closing costs are one of the areas frequently misunderstood as...
Posted by Income Taxes and Bookkeeping LLC on 06/11/2021
Individuals can exclude up to $250,000 of income from capital gains tax on the sale of their primary residence, thanks to the Internal Revenue Code (IRC) exclusion of home sales. Married...
Posted by Elliot Kravitz, ATP on 06/11/2021
Almost everyone looks forward to retirement time as it presents an opportunity to rest. You take a permanent break from work while you get enough time to follow your passion. However,...
Posted by Tiffany Gaskin on 06/11/2021
Generally Accepted Accounting Principle (GAAP) refers to a set of rules established to help publicly traded firms establish their financial statement. The rules serve as the foundation...
Posted by KLSM CPA Firm PLLC on 05/18/2021
If you do not like to work under stress, there is a way to plan your retirement process. All readers out there who do not have the luxury of becoming a retirement expert will find...
Posted by Thomas G Kinsella, ATP on 05/18/2021
Many people feel they do not need trust. They believe since they do not have a large estate, they do not need any elaborate planning. They believe it's expensive and complicated....
Posted by Income Taxes and Bookkeeping LLC on 04/30/2021
If you are moving to a foreign land to settle, start a new job, or even set up a business, the US Expat taxes might qualify you for some tax exclusion. One, however, needs to apply...
Posted by Pat Raskob on 04/06/2021
Many landlords pay more tax on their properties than they should. This is because they are ignorant of the several tax advantages and benefits of becoming a landlord. More than any...
Posted by Rosovich & Associates, Inc. on 04/06/2021
