One of the ways insurance companies estimate their reserve is via the expected loss ratio method. This is a technique they use to estimate the earned premiums. Whenever the insurer...
What is Form 1099-K?Internal Revenue Service (IRS) Series 1099 forms help taxpayers report money received from various sources in addition to salary. Form 1099-K, "Merchant Card...
With the new tax reforms, many people, except the military, do not qualify for moving expense deduction. For moving expense deduction to be valid, one needs to meet some time...
One of the legislation's outputs for tax reform is establishing the Global Intangible Low-taxed Income (GILTI). The idea is to provide global (minimum), which brings about several...
Higher education is expensive, with tuition and expenses rising every year. Thankfully, there are assistance programs to relieve some of these costs in the form of scholarships,...
For parents throughout the United States, adopting a child is something they wait years to do, and a source of great joy. However, the adoption process is not without significant...
If you want to set money aside for your retirement, an Individual Retirement Account (IRA) provides the perfect opportunity. There are some tax advantages of IRA – it allows...
Working and getting tips are tough, but regulations on tips and taxes can make life even more difficult if you don't know what to do. Some tax software can help, but it is best...
Pension FundsPension fund is a type of plan in which employers, workers, or both decide to put aside funds to make life easier during retirement. The pension company invests the money...