A tax audit is the last letter many taxpayers want to get from the IRS. It is not surprising as tax issues can have a devastating effect on one's finances. The receipt of an audit...
Posted by BEST FINANCIAL GROUP LTD on 08/19/2020
Divorce is hard and horrible. But at times, love turns sour, and two people have to part ways. The singular decision of parting ways involves many things. There are a ton of decisions...
Posted by Tim Thompson CPA PLLC on 08/07/2020
All countries tax the income of multinational corporations within their borders. The United States also imposes a minimum income tax that U.S. multinationals get in low-tax foreign...
Posted by Aurelia E Weems CPA on 08/07/2020
A business line of credit gives you access to a range of funds when you need capital. Unlike the traditional business loan, you have the option of borrowing up to a predetermined amount,...
Posted by James Financial Services Inc on 08/07/2020
IRS compliance check is far from an audit. It is more like a chat and an effort from the Federal-State Local Employment Tax (FSLET) Compliance Program. We will explore the meaning...
Posted by BEST FINANCIAL GROUP LTD on 08/07/2020
No one hopes for property damage, but when it comes, there are tax deductions that take care of it. Cases of a fire accident, natural disaster, etc. have deductions. Itemizing gives...
Posted by Larry Kenneth Hurt on 08/07/2020
The Internal Revenue Code is configured to offer numerous tax reductions to individuals and businesses. Even the IRS recognizes that you have to save money to live and manage your...
Posted by Elliot Kravitz, ATP on 08/07/2020
For people over the age of 65 or those into retirement as a result of disability, they might be eligible for a clear tax credit targeted at the seniors and disabled of the country.It...
The CARES Act caused some confusion regarding Required Minimum Distribution (RMD) and IRS Notice 2020-51 cleared it up.The CARES Act helped the RMDs to be waived. If the RMD is taken...
Posted by Daniel P Vigilante CPA and Profit Consultants on 07/09/2020
