Excise taxes can be defined as internal taxes levied on the sale of particular goods and services like fuel, whiskey, alcohol, and tobacco. It is an indirect tax because the customer...
Posted by BEST FINANCIAL GROUP LTD on 12/31/2020
What is an FSA (Flexible Spending Account)?A Flexible Spending Account is a type of savings account that provides specific tax benefits to the account holder. An FSA sometimes referred...
Posted by BEST FINANCIAL GROUP LTD on 12/26/2020
One of the dreams of many people is owning a house. Many people undertake this critical step by taking a mortgage. It can, however, become a burden depending on the type and nature...
Posted by BEST FINANCIAL GROUP LTD on 12/20/2020
There are many tax benefits available to the military, including tax deductions, exclusions from battle payments, extended deadlines, and other benefits. If you are in the U.S. military,...
Posted by The TaxAdvocate Group, LLC on 12/20/2020
When you find yourself as the beneficiary of an Individual Retirement Account (IRA) and the IRA owner passes away, you are told that you have received a tax-free inheritance. Well,...
Posted by BEST FINANCIAL GROUP LTD on 12/15/2020
The IRS issued guidelines on September 1 (Notification 2020-69) that provide an exemption for S Corporation with AE&P (accumulated earnings and profits) after a C corporation...
Posted by BEST FINANCIAL GROUP LTD on 11/30/2020
Direct payment bonds have always encouraged investment in infrastructure in times of economic uncertainty. Unlike traditional municipal bonds, interest on direct payment bonds is taxable,...
Posted by BEST FINANCIAL GROUP LTD on 11/25/2020
Congress passed major tax reform in the Tax Cuts, and Jobs Act passed on December 22, 2017. This legislation, which affects individuals and businesses, is known as the TCJA or Reform...
Posted by BEST FINANCIAL GROUP LTD on 11/17/2020
The law, known as TCJA (Tax Cuts and Jobs Act of 2017), made many important changes to the Federal Tax Code. Among the numerous changes made to the code is a provision on fees associated...
Posted by BEST FINANCIAL GROUP LTD on 11/09/2020
