It's pretty easy to feel helpless regarding an Internal Revenue Service (IRS) audit or threat letters and accusations based on outstanding tax obligations. What is your best option...
Posted by KLSM CPA Firm PLLC on 09/20/2021
The adoption process also has its tax implications, including a tax credit for qualified adoption expenditures paid to adopt an eligible child. It also entails the exclusion from employer-provided...
Posted by Dennis Jao on 08/15/2021
When comparing a partnership to an S Corp, it is important to consider the pros and cons of each, especially when it comes to creating the legal structure for your business. In addition...
Posted by Flynn Financial Group Inc on 06/18/2021
Everyone with assets will know that keeping such assets safe is a top priority as there are various threats to one's ownership of such assets like divorce, lawsuits and creditors. With...
Posted by Daniel P Vigilante CPA and Profit Consultants on 05/24/2021
It is more common than you might think for someone to live in one state and work in another. You might need to file a non-resident income tax return if you earned money in a state...
Posted by The TaxAdvocate Group, LLC on 04/29/2021
State laws vary when it comes to the requirements for what counts as a legal will, but you generally need to make sure a few basics are covered.Although a testament and last will do...
Posted by Dennis Jao on 04/29/2021
If you owe a debt to a lender, such as a loan, hospital bill, or credit card, you can't automatically garnish your wages. Instead, the creditor needs to sue you first and get a...
Posted by Flynn Financial Group Inc on 04/16/2021
To help taxpayers adopt children, U.S. tax laws provide an adoption credit, up to an inflation-adjusted maximum, for adopting a child under 18 or a person of any age with a physical...
Posted by Dennis Jao on 02/28/2021
Eligibility: In the event of a deficiency, the deficiency and any additional penalties must not exceed $50,000. In a collection action, the total amount of unpaid taxes, including...
Posted by Daniel P Vigilante CPA and Profit Consultants on 02/17/2021
