By understanding the separation of liabilities, the Internal Revenue Service (IRS) separates the tax liability between you and your ex-spouse or spouse. This includes penalties and...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 05/19/2021
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
Caring for children or dependent adults is one of the biggest monthly expenses many families face. But without primary care, parents may be unable to leave home to earn a living or...
Posted by CORE PERFORMANCE on 01/30/2021
On joint tax returns, both taxpayers are generally responsible for the tax bill. But innocent spouse relief is one way to avoid paying the additional taxes you may owe to the IRS if...
Posted by Tiffany Gaskin on 01/30/2021
Supplemental Security Income is a program by the Federal government to provide extra income for disabled and seniors in the United States who have little or no income. With this program,...
Posted by Daniel P Vigilante CPA and Profit Consultants on 12/26/2020
One of the most popular forms of investment is dividend investing. Dividends provide a smooth income stream to investors. You have two options when the dividend accumulates on a stock....
Posted by Elliot Kravitz, ATP on 10/21/2020
The IRS has issued final regulations on qualifying terminated S corporations and cash distributions of such corporations after the PTTP (post-termination transition period). The final...
Posted by Aurelia E Weems CPA on 10/15/2020
For people over the age of 65 or those into retirement as a result of disability, they might be eligible for a clear tax credit targeted at the seniors and disabled of the country.It...
If you’re an instructor and also you’ve paid for study room resources or different materials out of your personal pocket—and plenty of do—the Internal Revenue...
Posted by Unifirst Financial & Tax Consultants on 04/27/2018
