In many cases, reimbursement of mileage is not compulsory in the United States even though there is a yearly Standard Mileage Rate for employers and their workers categorized as follows:With...
Posted by Tiffany Gaskin on 05/24/2021
What is banking reconciliation?A bank reconciliation statement is a document that compares the cash balance on a company's balance sheet with the corresponding amount on its bank...
Posted by Unifirst Financial & Tax Consultants on 05/18/2021
Do you own cryptocurrencies? Maybe you bought Bitcoin years ago when it cost $ 100 and decided to make big profits in 2021. Or perhaps you got into the revolution late and bought some...
Posted by Income Taxes and Bookkeeping LLC on 02/23/2021
Almost everyone is eager to know when they will have their refunds from the IRS. Thanks to technology, you can track this online and know its status. The IRS' 'Where's...
Posted by Elliot Kravitz, ATP on 07/23/2020
Do you have teenagers? Do you want them to learn the proper way of handling money?Teaching finances to your teen is significant at their young age for them to prepare for financial...
Posted by The TaxAdvocate Group, LLC on 07/16/2020
What is Form 8606: Nondeductible IRAs?Form 8606: Nondeductible Individual Retirement Accounts (IRAs) is a tax form shared by the Internal Revenue Services (IRS) and are made of by...
Posted by Unifirst Financial & Tax Consultants on 05/01/2019
One of the most proven methods to bring down your tax return is to take advantage of tax deductions. It allows you to deduct expenses related to driving like fees and tolls taken by...
Posted by One Stop Taxes on 02/17/2021
How much you paid for your cryptocurrency (cost basis) greatly impacts the taxes you pay when you finally sell them. Understanding how the specific ID, first-in, first-out (FIFO),...
Posted by Carmen Garcia on 10/01/2020
IRS audits are not only time consuming for taxpayers but they can also be downright stressful. If that is not enough, once the audit has come to a close, you will then have to make...
Posted by EndTaxProblems.com on 04/05/2017
