What is a mortgage interest deduction?Buying a home is a proven way to build wealth; you will accumulate equity as you pay off the loan, and the home's value increases.But there...
Posted by International Tax Consultants, LLC on 01/20/2021
With many tax benefits available for education, it is evident that the government is interested in making higher education open and more accessible for many people. It can be...
Posted by One Stop Taxes on 01/20/2021
According to Uncle Sam, miscellaneous expenses are write-offs that cannot be classified into any tax category. Examples are work uniform, clothes, work, equipment, boots, alongside...
Posted by Wagner Grams on 01/19/2021
Regardless of your level of insight into taxes as an individual or a business, you must understand the concepts of FATCA and FBAR and their differences because to understand and utilize...
Posted by Taxes Made EZ Inc on 01/19/2021
Anyone that has succeeded in having their debt forgiven or discharged needs to report it as income on the tax return. This article discusses all a taxpayer has to expect to avoid surprises. Explaining...
Posted by Daniel P Vigilante CPA and Profit Consultants on 01/19/2021
Parents and students who are actually completing the FAFSA, and learning about financial aid may criticize themselves for not having a better college payment plan. When it comes to...
Posted by McCool's Tax Service on 01/18/2021
If your employees are injured or ill on the job, they can benefit through workers' compensation insurance. Their benefits are not taxable at the state or federal level. However,...
Posted by Pacesetter Financial Services on 01/18/2021
Small Office Home Office (SOHO), a term used to distinguish between small, medium, and large businesses. Technically, SOHO companies have between zero and ten employees, although many...
Posted by The TaxAdvocate Group, LLC on 01/17/2021
A "fringe benefit" for employees is a form of payment other than cash for the performance of services by employees. Any fringe benefit granted to an employee constitutes...
