Most retirees depend on social security. One in four people receives 90% of their retirement income from the plan. About half depend on it for 50% of their income. Although Social...
Posted by Dennis Jao on 09/30/2022
Ever heard of the TAP? Well, you have nothing to worry about as you're not alone. What is TAP?TAP is a Federal Tax Advisory Committee to the IRS. The purpose of TAP is to...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/21/2022
Unemployment taxes are part of business life. Companies should not only pay taxes; they should pay attention to the claims too. And if you're not careful when filing or responding...
Posted by Taxes Made EZ Inc on 09/21/2022
Paying a minimal amount on your credit card bill is easy to follow but can become a stumbling block in the future. A credit card bill gives you three chances on how to pay your bill:the...
Posted by Tiffany Gaskin on 09/18/2022
What is the Home Office Deduction, and who is eligible?The home office deduction is a tax deduction available if you own a business and use part of your home for your business. Your...
Posted by KLSM CPA Firm PLLC on 09/02/2022
Maximizing your Individual Retirement Account each year is smart when you're focused on increasing your retirement fund. But contributing excess money can result in a tax penalty....
Posted by Abundant Wealth Planning LLC on 08/11/2022
How the Internal Revenue Service defines and calculates different types of income affects the taxes you owe. Modified adjusted gross income (MAGI) is one of them. MAGI also decides...
Posted by Pat Raskob on 08/11/2022
Military spouse residency is common among military personnel. The tax law created the residency relief act to assist military spouses. You may be wondering what it is for and what...
Posted by KLSM CPA Firm PLLC on 08/11/2022
You've probably heard somewhere that buying multiple properties is a surefire way to become a millionaire. While owning a rental property is indeed a way to start the process of...
Posted by Abundant Wealth Planning LLC on 07/18/2022
