Treatment of distributions to persons placed on active service for at least 179 days (article 72(t) of the code)Under the current law Under current legislation, a taxpayer who...
Posted by Taxes Made EZ Inc on 03/01/2021
The HEART (Heroes Earnings Assistance and Relief Tax Act 2008) Acts provides tax and retirement benefits for service members who are disabled while on active service for more than...
Posted by KLSM CPA Firm PLLC on 02/23/2021
When my friend doesn't pay me for a meal we promised to split the bill, it's called losing a friend's trust. When my employer does not reimburse a business expense that...
Posted by Abundant Wealth Planning LLC on 01/31/2021
The economy is tighter, the pandemic is out there, money is not forthcoming, yet taxes are not lowered. However, there are ways to divert some taxes from the Internal Revenue Service...
Posted by James Financial Services Inc on 07/01/2022
All income begins with gross income, which is the total of all money earned in a year. This includes wages, salaries, bonuses, capital gains, and interest income. As we know from our...
Posted by Accurate Books And Tax on 02/04/2021
Military members enjoy many tax benefits, including one-time tax deductions, combat pay exclusions, and extended time limits. Read on to find information on various military-specific...
Posted by Tucker Accounting Services LLC on 01/06/2021
As the United States seeks to prevent the spread of COVID-19, companies have made difficult decisions to stay afloat and maintain a healthy work environment for employees. Today, millions...
Posted by Don Bell Law on 06/22/2020
The government encourages everyone to save money for their retirement. Tax breaks such as the Retirement Savings Contribution Credit and penalties for early distributions from retirement...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/14/2020
There is a fundamental rule of a rollover, also known as a transfer of holdings from one tax insurance plan to another, without incurring income tax or penalty. It is officially known...
Posted by Larry Hurt on 11/05/2019
