Uncle Sam is not alien to the stress and predicament that comes with living and moving abroad. One cannot compare the cost of living, and in a bid not to discourage Americans who would...
Posted by Unifirst Financial & Tax Consultants on 01/13/2021
Similar to collateralized mortgage obligations, REMICS brings together a series of individual mortgage pools using maturity and risks, which issues securities and other bonds to investors. The...
Posted by Unifirst Financial & Tax Consultants on 01/06/2021
Uncle Sam recently announced the 2021 tax rate in a bid to take care of inflation. The top tax rate will be at 37% for 2021 tax returns filed by taxpayers in the year 2022. However,...
Posted by Unifirst Financial & Tax Consultants on 12/31/2020
Royalties are payments to property owners for the use of their properties. Royalties generally refer to payments for using intellectual property (IP), such as copyrights, patents,...
Posted by Unifirst Financial & Tax Consultants on 12/24/2020
There is vital tax information for the U.S. Armed Forces reserve component that deals with tax breaks and deductions for expenses they incur while in active service. The following...
Posted by Unifirst Financial & Tax Consultants on 12/18/2020
Selling your property or other assets can be a lucrative endeavor. Sellers should be aware that there could be tax implications from the gains on the sale of these assets. Unifirst...
Posted by Unifirst Financial & Tax Consultants on 12/03/2020
What is Form 1099-H?Form 1099-H, the advance Health Insurance Tax Credit, is a series of Internal Revenue Service (IRS) "1099" forms used to report various unpaid payments...
Posted by Unifirst Financial & Tax Consultants on 11/30/2020
The standard deduction can help you deduct thousands of dollars from your taxable income. What is it, and how do you claim it?It is never too late to start thinking about how you plan...
Posted by Unifirst Financial & Tax Consultants on 11/24/2020
Since the end of 2017 & into today, there is a 1.4% excise tax directed on the net investment right from the new tax law. This excise tax affects the net investment income of some...
Posted by Unifirst Financial & Tax Consultants on 11/16/2020
