Persons aged 65 and over and those who took early retirement due to disability are eligible for a federal tax credit which varies from $3,750 to $7,500. The senior citizen or disability...
Posted by Dennis Jao on 03/31/2022
Bankruptcy is not a pleasant experience and is often caused by different reasons. However, apart from the disadvantages bankruptcy may bring, such as ruined credit, it can also offer...
Posted by KLSM CPA Firm PLLC on 12/10/2021
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
Since lending is a risky endeavor, lenders are usually interested in lending money to people with good credit history. It is not surprising as good credit implies that someone will...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/19/2021
Small businesses enjoy a variety of tax benefits, including corporate deductions. One of these possible tax deductions concerns business vehicles. Some businesses require vehicles...
Posted by Taxes Made EZ Inc on 10/19/2021
There are different kinds of income that qualify as income exclusion, and you must know the type of income within your earning power that can get such exclusions. For example, the...
Posted by Income Taxes and Bookkeeping LLC on 10/09/2021
Debt is not necessarily bad as it can either cause harm or help someone, depending on how it is used. This is not about going into high-interest debt but considering and leveraging...
Posted by KLSM CPA Firm PLLC on 09/26/2021
If you didn’t know this before, now you do: owing to the IRS and having a significant outstanding balance can get your passport denied. The State Department and the IRS have...
Posted by Dennis Jao on 09/19/2021
While one can avoid many things in life, tax payment is not one of them. Millions of Americans owe Uncle Sam their taxes, while others are slammed with penalties every year. However,...
Posted by Income Taxes and Bookkeeping LLC on 09/10/2021
