Alimony, also known as spousal maintenance or support, is the payment that one partner makes to the other after divorce. The idea is to help low-earning individuals take care of expenses...
Posted by KLSM CPA Firm PLLC on 08/24/2021
The process of closing a corporation can be hectic and complex, especially for its founders and shareholders. The tax issues can be very confusing, but the IRS has given a clear-cut...
Posted by Abundant Wealth Planning LLC on 08/06/2021
Financial abuse of the elderly population has increased, with financial institutions claiming to have quadrupled the number of such incidents between 2013 and 2017, according to the...
Posted by KLSM CPA Firm PLLC on 07/06/2021
All small businesses must file their tax each year. However, it is essential to avoid mistakes that can lead to higher taxes or raise unnecessary questions. This article sheds...
Posted by Income Taxes and Bookkeeping LLC on 05/07/2021
Expats, short for expatriates, are people who are based in a country other than their home country. It is sometimes believed that these people have denounced their country and decided...
Posted by CORE PERFORMANCE on 04/26/2021
All workers and employers in the service industries where tips occur should abide by the relevant tax rules. One needs to pay income tax, Medicare tax, and Social security taxes on...
Posted by Jim McClaflin, EA, NTPI Fellow on 04/09/2021
Uncle Sam believes that dividends are taxable income. As a result, no matter the amount, it is imperative you report them on your returns. Dividends can be considered as your...
Posted by Abundant Wealth Planning LLC on 12/15/2020
An employee's work is usually repaid in wages, salaries, commissions, tips, additional benefits, fringe benefits, and bonuses. All of these taxes are subject to various state and...
Posted by Flynn Financial Group Inc 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
