Uncle Sam will send you one or more copies of the 1099-B Form if you sell bonds, stocks, and other securities via a broker. This form aims to record gains or losses arising from such...
Posted by Daniel P Vigilante CPA and Profit Consultants on 11/25/2020
To help working parents cope with the rising costs of care, Congress approved the credit to care for children and dependents. The loan allows working parents to reduce their tax obligations...
Posted by Daniel P Vigilante CPA and Profit Consultants on 11/19/2020
This is a financial incentive from the government, part of the product of the Energy Policy Act of 2005. This Act is available to municipal utilities intending to promote renewable...
Posted by Daniel P Vigilante CPA and Profit Consultants on 11/09/2020
The Earned Income Tax Credit is a unique tax credit that is specifically given to taxpayers who earn low to medium wages. The credit was first introduced in 1975 in an effort to reimburse...
Posted by Daniel P Vigilante CPA and Profit Consultants on 10/29/2020
Many times when people get married, they are in great euphoria. They are often carried away by love and romance. No one in their right senses thinks of the impact of a spouse's...
Posted by Daniel P Vigilante CPA and Profit Consultants on 10/21/2020
On September 1, 2020, the IRS updated its procedures regarding the application of IRC Section 7502, timely remittance treated as timely filing, and payment of electronically arched...
Posted by Daniel P Vigilante CPA and Profit Consultants on 10/16/2020
The Roth IRA is a self retirement account in which money grows tax-free, and withdrawals during retirement are tax-free.Individuals who are at least fifty-nine and a half years old...
Posted by Daniel P Vigilante CPA and Profit Consultants on 10/01/2020
We live in a globalized world, which means that more U.S. alien residents and citizens are taking their money overseas for banking and investment purposes. While owning a foreign account...
Posted by Daniel P Vigilante CPA and Profit Consultants on 09/28/2020
Credit is one of the issues that bother consumers a lot. One day you have your credit score rating as "good," and months later, you dropped. You tried and tried to pinpoint...
Posted by Daniel P Vigilante CPA and Profit Consultants on 09/14/2020
