The United States tax system is tax strict meaning citizens are to voluntarily complete their tax forms when it is time for the taxes. Taxpayers must submit their tax returns on time...
Posted by Tiffany Gaskin on 03/14/2023
Income can be categorized into two main categories: taxable and non-taxable. Taxable income refers to the amount of money earned that is subject to income tax by the IRS. On the other...
Posted by KLSM CPA Firm PLLC on 03/08/2023
A net operating loss (NOL) occurs when a business has deductible expenses that exceed its taxable income for a given tax year. In other words, it is a tax loss that a business can...
Posted by Pat Raskob on 02/22/2023
Home sellers may hear the term "adjusted basis" during the sales process. In the world of real estate, this term is related to the sale of real estate: when you sell your...
Posted by Taxes Made EZ Inc on 02/17/2023
Unemployment insurance is a government program that provides financial support to workers who have lost their jobs through no fault of their own. It is designed to help individuals...
Posted by Dennis Jao on 02/17/2023
Financial freedom is everyone's dream, and a journey everyone needs to take. And the fastest way to stay up-to-date is by doing a financial checkup. It is easy to face bankruptcy...
Posted by Pat Raskob on 01/30/2023
The tax treatment of dividends in the United States depends on whether the IRC (Internal Revenue Code) classifies them as qualified or ordinary dividends (also called non-qualified...
Posted by KLSM CPA Firm PLLC on 12/27/2022
Most people would never consider a big tax return a scam. It's better than paying a huge chunk of your money to the IRS, but some people may have downsides.Making smart decisions...
Posted by Dennis Jao on 11/30/2022
Tax resolution maximizes your chances of settling your tax debt and trying as much as possible to avoid the IRS. Unfortunately, there are only a few reasons that will warrant a contact...
Posted by KLSM CPA Firm PLLC on 11/10/2022
