Local and state governments sell municipal bonds to investors to help fund public projects like repairing a public park or building a new school. While municipal bonds pay tax-free...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2023
Charitable contribution deductions are a type of tax deduction that allows individuals and businesses to deduct the amount of money they donate to a qualified charitable organization....
Posted by Pat Raskob on 02/17/2023
No one is ever excited at the thought of paying taxes. Indeed, sending a portion of your earnings to Uncle Sam might not sit well with many. The consolation, however, is in the fact...
Posted by KLSM CPA Firm PLLC on 11/30/2021
What is a private activity bond (PAB)?PABs are tax-exempt bonds distributed by or on behalf of a state or local authority to provide special financial benefits for eligible projects....
Municipal bonds have long been considered suitable for high net worth investors because their yields are generally excluded from federal income tax and, in some cases, state and local...
As the costs, inconvenience, and safety concerns of commercial flights continue to rise, many people and businesses find using a private jet a better and more efficient form of transportation...
No one hopes for property damage, but when it comes, there are tax deductions that take care of it. Cases of a fire accident, natural disaster, etc. have deductions. Itemizing gives...
The FAST (Fixing America Surface Transportation) Act, a five-year law on bipartite land transport approved by the House (359-65) and the Senate (83-16), was signed by President Obama....
Posted by LLOYD J CAZES CPA on 09/30/2019
When making a move abroad for retirement, it’s important to consider a few important things including your finances. Making sure arrangements are in place to make managing finances...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/23/2019