An LLC (limited liability company) is a form of business organization recognized by all states. Forming an LLC provides limited liability protection to owners (called "members")...
Posted by Abundant Wealth Planning LLC on 05/07/2021
Classroom decoration, books, additional teaching materials, party supplies, and occasional gifts are common classroom expenses for K-12 instructors. Do you have to bear the costs of...
What is Form 1040-SR: Tax Return for U.S Seniors?If you are 65 or older (or turned 65 in 2020 or after), you will have the option of using a new, simple tax form for seniors, known...
Posted by The TaxAdvocate Group, LLC on 02/23/2021
Everyone wants to save on taxes, and older Americans are no exception. If you're over 50, here are some tax tips that can help you get there.The standard deduction for the elderly: If...
Posted by Dennis Jao on 02/23/2021
Going to university to broaden your horizons is interesting, but funding your studies with scholarships? It's even better. Scholarships often offer an educational path that would...
Posted by Tiffany Gaskin on 12/31/2020
Finally, the Bipartisan Budget Act of 2018 took a firm step on cutting seniors a bit of a break at tax time by simplifying tax filing for individuals aged 65 and older. They now have...
Posted by Unifirst Financial & Tax Consultants on 10/25/2019
IRS Form 8949 is a tax form used primarily to report sales and trade of capital goods. Form 8949 is filed alongside Schedule D of the income tax form.What is IRS Form 8949?Form 8949...
Posted by Don Bell Law on 03/19/2021
Tax credits, such as elderly tax credit and the disabled, are credits applied to taxes owed. For example, if you owe $2,000 in taxes and have a loan of $700, you only have to pay $1,300....
Posted by Don Bell Law on 01/01/2021
Parliamentarians have been trying for years to slightly give the seniors a bit of break at the time of taxation, and the 2018 bipartisan Budget Act has finally taken a decisive step...
Posted by John Pournaras Agency on 10/29/2019
