Selling a small business implies income, and income means taxes. But the way you structure your business can make a big difference in how much of the sale price goes towards taxes...
Posted by Pat Raskob on 11/11/2021
What does debt cancellation mean?Do I have to pay debt cancellation fees? What is the meaning of debt cancellation? Debt cancellation is when a creditor releases a debtor from...
Posted by The TaxAdvocate Group, LLC on 05/30/2021
Credit counseling is a process engaged in to help people especially debtors to settle their debts through education, counseling on budget, planning and also giving them enlightenment...
Posted by Pat Raskob on 04/21/2021
The 1031 Exchange, alias Like-Kind Exchange or Starker Exchange, is a powerful tax deferral strategy used by some of the most successful real estate financial investors. This may be...
Posted by The TaxAdvocate Group, LLC on 11/04/2020
Last April 30, 2020, the IRS Notice 2020-32 was issued, and according to it, there should be no deductions for qualifying business loans that are under the Paycheck Protection Program...
Posted by LLOYD J CAZES CPA on 07/09/2020
If you are a full-time Forex trader, there are several significant tax benefits for those who are not available to more informal market participants. The bad news is that it is quite...
Posted by John Pournaras Agency on 10/31/2019
Why is Viagra not taxed but tampons are?A very catchy phrase that refers to state sales taxes that applied to menstrual products including pads and cups and the biggest question to...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/23/2019
Traders or merchants who qualify for the trader's tax status (TTS) as a sole proprietorship, S-Corp or partnership (including hedge funds), wonder if they should use the tax treatment...
Posted by John Pournaras Agency on 04/09/2019
The Internal Revenue Service recently reiterated its warning that taxpayers would not be able to renew their passport or receive a new case because of a federal tax of $ 52,000 or...
Posted by rinehimerbaker on 04/09/2019
