Some errors on your tax return can cost you a large refund or end up with a larger tax debt with penalties and interest. There could be an audit in the worst cases, but you can defend...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/30/2021
The college savings plans are no more just for the costs of higher education, thanks to current tax law.If you have grandchildren or young children then you definitely know the increasing...
In America, corporations can opt for shareholder level taxation. In this situation, the corporation determines its' taxable income and files a corporate tax return. The income...
Posted by ALJ Business Services,LLC on 02/12/2018
Health Services Accounts (HSAs) are medical savings accounts that enable people to save for future medical care while finding some reprieve on their taxes. Contributions to these accounts...
Posted by Paul Vanderbosch CPA LLC on 02/19/2016
Running a small business is hard work. We here at Donna J. Jackson & Associates, PLLC understand that small business owners don’t have as much free time as they’d...
Posted by Donna J. Jackson & Associates, PLLC on 01/26/2016
Contributions and donations given to a charity are tax deductible expenses. One of the perks to donate to a qualified charitable organization is that you not only get to help your...
Posted by ERNIE BUSTAMANTE on 01/16/2016
A small business generally doesn’t have a stream of corporate tax lawyers and accountants to plow through the ever evolving tax regulations to find all the legal methods and...
Posted by ERNIE BUSTAMANTE on 11/18/2015
Many people may commit common mistake when filing for the income tax. These mistakes leave strong impacts on your income tax returns. Some common mistakes when filing for the income...
Posted by Tax Professionals on 08/19/2015
Most Americans are well aware of tax-advantaged investment strategies such as 401(k) plans, 529 college savings plans and individual retirement accounts, however, there is one investment...
Posted by Tax Professionals on 06/16/2015
