The United States tax system is complex, and navigating it can be a daunting task for many individuals and businesses. The Internal Revenue Service (IRS) is responsible for enforcing...
Posted by Rosovich & Associates, Inc. on 11/27/2023
In personal finance, planning for the future is essential to securing a stable and comfortable life. A deferred compensation plan is one of the most powerful tools available to individuals...
Posted by Pat Raskob on 09/13/2023
Married people can file jointly or separately, depending on several life factors. However, unmarried people (not married by the last day of the tax year) who don't qualify for...
Posted by Rosovich & Associates, Inc. on 06/15/2023
Ever heard of the TAP? Well, you have nothing to worry about as you're not alone. What is TAP?TAP is a Federal Tax Advisory Committee to the IRS. The purpose of TAP is to...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/21/2022
The Federal Opportunity Zone is for poor communities with a future under certain conditions, including the opportunity for new investments that can tap into some tax benefits. A community...
Posted by Pat Raskob on 09/10/2022
Generally, tax deductions are expenditures that business owners can subtract from their taxable income. It is economical as it saves cost by reducing the tax amount you need to pay.Most...
Posted by Pat Raskob on 03/31/2022
The IRS requires 1099 forms to obtain information on various nonemployee transactions, including payments to freelancers and legal services. Sounds simple, doesn't it? Keep track...
Posted by Pat Raskob on 03/24/2022
Almost everyone agrees that the Square Cash app has made sending and receiving money easy. The problem is that a few other things have been made easier with the Cash app. And filing...
Posted by Taxes Made EZ Inc on 09/27/2021
Companies can take different approaches to maximize profits or minimize losses in a competitive market depending on organizational strengths. While product differentiation and low...
Posted by Pat Raskob on 09/10/2021
