Gambling to you might simply be a hobby you enjoy to pass the time or making some extra bucks. However, you need to fulfil your end of the bargain when it comes to tax time, as Uncle...
Posted by Thomas G Kinsella, ATP on 05/24/2021
A payroll tax deferral was put in place by President Donald Trump at the end of 2020. The income tax instructions recently released by the Defense Finance and Accounting Service (DFAS)...
Posted by James Financial Services Inc on 05/19/2021
If you need to file for an individual federal income tax return, you will now use the IRS Form 1040 or 1040-SR for Seniors. The other alternatives above: Forms 1040A and 1040EZ ended...
Posted by Taxes Made EZ Inc on 04/09/2021
The IRS assesses penalties and interest on the employer's account when they fail to collect, report, and remit payroll taxes. You may be personally liable for failure to withhold...
Posted by Carmen Garcia on 03/31/2021
As an individual, your taxes are one of the most important things to get things right. The IRS can hound and penalize you in an instant. That is why you need to make sure that you...
Posted by Aurelia E Weems CPA on 03/28/2021
2020 was an extraordinary and challenging year. A Stanford University study found that around 40% of the U.S. workforce is now working full-time from home because of COVID-19. This...
Posted by Abundant Wealth Planning LLC on 03/09/2021
Have you ever found money in a jacket or pants that you haven't worn in a while? Isn't that awesome? The amount of money you don't know you have can help you with a future...
Posted by The TaxAdvocate Group, LLC on 03/05/2021
Qualified pension plans have many tax advantages but some disadvantages for employers and highly compensated employees (HCEs) or entrepreneurs. For companies, qualified pension plans...
Posted by Daniel P Vigilante CPA and Profit Consultants on 02/23/2021
Tax benefits are available for military personnel and their families. However, these tax benefits are often overlooked. For example, any monthly military payment earned during a combat...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 02/23/2021
