Due to the 2015-32 revenue procedure, only 401K late applicants via Form 5500-EZ received automatic exemption from IRS registration fees under 6652 (e) and 6692 of the Internal Revenue...
Posted by JG Tax and Financial Services on 02/27/2020
Owners of small businesses want to change their C corporation to a limited liability company or LLC to be able to avoid double taxation while keeping personal assets safe from business...
Posted by The TaxAdvocate Group, LLC on 02/25/2020
The IRS estimated that in a year there is only a small part of tax crime convictions and these correspond to not more than one percent of taxpayers. However, it is also estimated by...
Posted by The TaxAdvocate Group, LLC on 02/25/2020
Business insurance protects companies against losses due to events that may occur in the ordinary course of business. There are several types of business insurance, including legal...
Posted by LLOYD J CAZES CPA on 02/15/2020
If a capital loss occurs, you can report the damage on your tax return, which can reduce your taxable income, and the sum of tax owed. However, it is essential to note that the Internal...
Posted by LLOYD J CAZES CPA on 02/15/2020
Today, for many young people, a student loan is one part of the university experience, which generally follows them for decades, even after graduation. The best-case scenario is that...
Posted by The TaxAdvocate Group, LLC on 02/15/2020
Many people are afraid of the tax season, and it is only natural. But if you expect a tax refund for the 2019 tax season (filed in 2020), you have something to hope for. With the additional...
Posted by The TaxAdvocate Group, LLC on 02/15/2020
Recently, the Internal Revenue Service and the Treasury Department gave their verdict on the gift items and tax exclusion amount that have taken effect from 2018 to 2025. The regulations...
Posted by LLOYD J CAZES CPA on 01/23/2020
Many benefits come with having a Roth IRA for your kids. In addition to the benefits of early investment, here are some reason a Roth IRA is suitable for your kids You can withdraw...
Posted by LLOYD J CAZES CPA on 01/23/2020
