You may be subject to tax treaties if you live abroad and earn income. We will break down all you need to know about tax treaties and how they work.Under an income tax treaty, two...
Posted by James Financial Services Inc on 01/21/2022
Cash balance plans are defined benefit retirement savings plans that allow business owners to make large deductible contributions each year and build up deferred retirement savings....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/04/2021
On May 15, 2002, President Bush signed a No FEAR Act (Notification and Federal Anti-Discrimination and Retaliation of 2002). This law entered into force on October 1, 2003. The main...
Posted by Dennis Jao on 09/26/2021
Deferred compensation plans can be a useful savings tool, especially for participants who want to maximize 401(k) contributions while still having savings to invest. Deferred compensation...
Posted by Taxes Made EZ Inc on 09/03/2021
Legal expenditures are acquired by people who are not deductible when classified in the federal income tax laws. Instead, they are seen as either non-deductible personal expenses or...
Posted by Dennis Jao on 08/06/2021
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
To help consumers weather the economic downturn caused by the current COVID-19 pandemic, federal stimulus checks directed by the CARES Act in March are distributed which most of the...
Posted by Abundant Wealth Planning LLC on 07/17/2020
In a civil lawsuit, there are annuities awarded as recompense called structure settlements. In order to maintain the financial needs of a claimant, a long-term income stream is provided...
Posted by BEST FINANCIAL GROUP LTD on 07/26/2019
Most taxpayers are only concerned with completing the filing process as quickly and easily as possible. That being said, when it comes to answering each question, please think carefully...
Posted by Carmen Garcia on 05/30/2021
