If you own a rental property, you should know your federal tax obligations. All rental income needs to be reported on your tax return, and the associated expenses can generally be...
Posted by Elliot Kravitz, ATP on 04/29/2021
The IRS has updated and revised its revenue procedures governing determination letters, letter ruling, and other guidelines, including guidelines on employee benefit plans. These income...
Posted by Abundant Wealth Planning LLC on 02/17/2021
The Bureau of Labor Statistics of the United States has said that the consumer price index (CPI) rose 0.1% in August, after rising 0.3% in July. This is what it means for taxpayers...
Due to taxpayers and tax professionals' pushback over the past, the Internal Revenue Service (IRS) has committed to revising the W-4 form, Employee’s Withholding Allowance...
Posted by Unifirst Financial & Tax Consultants on 07/26/2019
As along with most of the decisions in your life, taxes must also be under your consideration. Following are a few non-tax considerations that answer the question what are Business...
Posted by Duce Taxes & Accounting on 10/26/2018
IRS has recently released a proposed guidance. It is for the provision of Tax Cuts & Jobs Act which permits for 100 percent depreciation deduction on the qualified property. This...
Posted by John Pournaras Agency on 10/26/2018
Tax gap stipulates an approximate indication of the level of total noncompliance and voluntary compliance, taking into account all the happenings throughout the concerned tax years...
Some people opt to lease the property instead of buying it because of insufficient resources. In most of the cases, it requires less cost and very few risks are linked to it; therefore,...
Posted by Valderas Financial Solutions LLC on 05/15/2018
The IRS offers a wide array of business deductions to help ameliorate the tax burden when filing time comes around. Whether that's once a year or quarterly, being able to write off...
Posted by Bottom Line Tax Services, LLC on 07/19/2017
