Establishing your domicile is a critical aspect of your tax status. Domicile refers to the place where you have your true, permanent home, and it plays a significant role in determining...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/30/2023
There are some tricky income tax and Social Security tax rules that ministers have to face with regards to how their income is taxed, how to claim an exemption from self-employment...
Posted by Affordable Accounting Assistance on 01/24/2019
If you own a rental property, you should know your federal tax obligations. All rental income needs to be reported on your tax return, and the associated expenses can generally be...
Almost every section of the tax code was changed by the 2017 TCJA, which also affected every taxpayer, including businesses. While some of these changes were positive (reduced tax...
According to the Christian faith, Jesus responded to a question when asked if it was right to pay taxes by saying, "Give to Caesar what belongs to Caesar, and God what belongs...
Due to the insurgence of the COVID, many people have found themselves in situations that are beyond their control which results in them seeking financial assistance. There are different...
Giving out a on rent room is another way to earn extra money. Many people now rent out an apartment or a room either for an office or for other functions. If you want to rent out...
When a city, state, or county raises funding for state projects by issuing debt security, it is called municipal bonds. Common projects under such categories are road construction,...
Purchases of new and used commercial vehicles are eligible for tax exemptions per the current tax law. Some vehicles may be eligible for higher deductions than others.The first year...