This guide will tell you everything you need to know about 1035 exchanges: how they work, the different types, and how to assess whether a 1035 exchange is right for you.What is a...
Posted by KLSM CPA Firm PLLC on 09/19/2022
Maximizing your Individual Retirement Account each year is smart when you're focused on increasing your retirement fund. But contributing excess money can result in a tax penalty....
Posted by Abundant Wealth Planning LLC on 08/11/2022
Just as food, clothing, and housing are necessities, so are taxes. There is no escaping taxes unless you want to go against the law which will surely catch up with you. So it is better...
Posted by Dennis Jao on 04/09/2022
When you file a federal tax return, you have the option of taking the standard deduction and itemizing your deductions. Due to changes in the tax code, many taxpayers now work with...
Posted by Dennis Jao on 02/08/2022
American businesses of all sizes have a number of financial information that must be organized and reported to comply with legal obligations, such as tax requirements. Various professions...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/01/2022
A 401(k) work plan helps you save a considerable amount each year in retirement, but there are annual limits for your contributions and those of your employer. Whether you choose a...
Posted by Taxes Made EZ Inc on 01/01/2022
If you have kids or other dependents under the age of 17, you may be eligible for the child tax credit. It was extended as part of the American rescue plan, which was signed by President...
Posted by Dennis Jao on 01/01/2022
Tax deferral involves taking a deduction and moving it to a previous year or deferring part of your income to a later year. You are not reducing your overall taxes but getting a benefit...
Posted by Abundant Wealth Planning LLC on 07/24/2021
If you request a medical exemption, you will need to complete IRS Form 8965 when filing for federal income tax. This form helps you comply with the Affordable Care Act's rules...
Posted by Dennis Jao on 02/16/2021
