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Your business is personal good, has resources within its walls, and has a huge impact on what your organization owes in tax. Unfortunately, this critical perspective is often overlooked...
Posted by LLOYD J CAZES CPA on 08/07/2020
It is improbable that either of the party will have time to think about the insurance issues there will be when there is a dissolution of their marriage with all the raw emotions and...
Posted by LLOYD J CAZES CPA on 07/16/2020
Last April 30, 2020, the IRS Notice 2020-32 was issued, and according to it, there should be no deductions for qualifying business loans that are under the Paycheck Protection Program...
Posted by LLOYD J CAZES CPA on 07/09/2020
Many people owe the IRS money without a clue on what to do. There are quite a few options with hiring a tax debt relief company as one of them. One might think there is no big deal...
Posted by LLOYD J CAZES CPA on 07/09/2020
Business insurance protects companies against losses due to events that may occur in the ordinary course of business. There are several types of business insurance, including legal...
Posted by LLOYD J CAZES CPA on 02/15/2020
If a capital loss occurs, you can report the damage on your tax return, which can reduce your taxable income, and the sum of tax owed. However, it is essential to note that the Internal...
Posted by LLOYD J CAZES CPA on 02/15/2020
Recently, the Internal Revenue Service and the Treasury Department gave their verdict on the gift items and tax exclusion amount that have taken effect from 2018 to 2025. The regulations...
Posted by LLOYD J CAZES CPA on 01/23/2020
Many benefits come with having a Roth IRA for your kids. In addition to the benefits of early investment, here are some reason a Roth IRA is suitable for your kids You can withdraw...
Posted by LLOYD J CAZES CPA on 01/23/2020
We know that the tax season is months away. However, the year will end in a couple of weeks. This is the perfect time to be proactive with your tax planning to have a favorable 2020...
Posted by LLOYD J CAZES CPA on 01/23/2020
Medicare scam this day is taking a new turn. Many unscrupulous beings are in the habit of calling the innocent victim and disguising as Medicare, the insurance company, or even Social...
Posted by LLOYD J CAZES CPA on 01/23/2020
Every person has their own financial plans. There are also mistakes that are common. If you are a retiree and unsure if you have a common mistake, read on to know how you can avoid...
Posted by LLOYD J CAZES CPA on 12/28/2019
When it comes to who you can claim as a dependent on your tax return, the Internal Revenue Service (IRS) defines “relative” somewhat loosely -- that is the good news. The...
Posted by LLOYD J CAZES CPA on 12/28/2019
In the form of higher contribution limits for 2020, the Internal Revenue Service (IRS) gave retirement savers an early holiday gift this year. Workplace retirement plan contribution...
Posted by LLOYD J CAZES CPA on 12/28/2019
For an “injured” spouse to regain the share of a joint return, they must file Form 8379. This is the case when a past-due obligation of the other spouse was applied by...
Posted by LLOYD J CAZES CPA on 12/28/2019
Mutual fund taxes generally include dividend and capital gains taxes, while the investor owns mutual fund shares and capital gains taxes when selling units of the mutual fund. The...
Posted by LLOYD J CAZES CPA on 11/25/2019
Although it may seem little, the interest you earn during the year is not tax-free. The interest is subject to the same tax rates as the rest of the income.Sources of interest income...
Posted by LLOYD J CAZES CPA on 11/25/2019
In times of having low on cash, the option to get cash from your credit card is indeed tempting. But having a cash advance is not the same as withdrawing some cash from your debit...
Posted by LLOYD J CAZES CPA on 11/05/2019
It’s important to learn how to calculate cost basis if you own a real estate business. Calculating your annual depreciation deduction requires the basis. It’s also needed...
Posted by LLOYD J CAZES CPA on 11/05/2019
Toward the year's end, it's typical for executives and professionals of various levels to feel overpowered by mounting assignments, ventures, and cutoff times. The December...
Posted by LLOYD J CAZES CPA on 10/23/2019
Trader tax status (TTS) comprises the cost of doing business treatment and opens an arrangement of essential tax benefits for eligible active traders. The initial step is to know if...
Posted by LLOYD J CAZES CPA on 10/23/2019
Your home-based business is in an exclusive tax situation. Your home business may benefit from all the usual tax deductions, but some work differently, and others are for domestic...
Posted by LLOYD J CAZES CPA on 10/01/2019
The FAST (Fixing America Surface Transportation) Act, a five-year law on bipartite land transport approved by the House (359-65) and the Senate (83-16), was signed by President Obama....
Posted by LLOYD J CAZES CPA on 09/30/2019
Form 1098 is a form you are required to file with the Internal Revenue Service (IRS) that explains the measure of interest and related costs paid on a mortgage in a tax year. These...
Posted by LLOYD J CAZES CPA on 08/26/2019
Peradventure you decide to be in a long term relationship without getting married, you'll face an extensive exhibit of difficulties and complexities. Here are the 5 most significant...
Posted by LLOYD J CAZES CPA on 08/26/2019
The consideration and cash streaming into cryptocurrencies have never been higher. Bitcoin has seen a resurgence in valuation in 2019, and Facebook keeps on investigating its virtual...
Posted by LLOYD J CAZES CPA on 08/26/2019
Financial Professionals or advisors help individuals choose how to deal with their cash and achieve their financial objectives. Be that as it may, financial planning isn't one-measure...
Posted by LLOYD J CAZES CPA on 08/26/2019
New transcript format is now available to protect your information from any identity theft. This original transcript incompletely masks the personally identifiable information of person...
Posted by LLOYD J CAZES CPA on 07/25/2019
Failure to teach your kids how to manage money, that task will be done by someone. And it is such a risk you will not want to take. How to Teach Kindergartners about MoneyUse...
Posted by LLOYD J CAZES CPA on 07/25/2019
An annuity is a lifetime income that guarantees that you buy from an insurance company and also to reduce the risk that you run out of money in retirement. Similar to the way you ensure...
Posted by LLOYD J CAZES CPA on 07/25/2019
Dividends are a type of investment income that is stock generated, and also from mutual funds containing stocks. They stand as a taxable share of corporate profits that are paid out...
Posted by LLOYD J CAZES CPA on 07/25/2019
Basics of spousal supportWhen married couples file for a divorce, the court may grant spousal support to either of the former spouses, based on either on an agreement reached between...
Posted by LLOYD J CAZES CPA on 05/29/2019
Here are the seven dimensions of financial freedom that you should aspire to attain in lifeLevel 1: Not Living Paycheck to Paycheck The critical dimension of financial freedom...
Posted by LLOYD J CAZES CPA on 05/29/2019
April 15 has been the Tax Day in the US since 1955, or the following business day on the off chance that it falls on an end of the week or holiday. In spite of the way that taxes are...
Posted by LLOYD J CAZES CPA on 05/29/2019
The Taxpayer Bill of Rights is a foundation document that points out the ten central rights taxpayers have when dealing with the Internal Revenue Service. The IRS needs every taxpayer...
Posted by LLOYD J CAZES CPA on 05/29/2019
There are significant tax benefits to moderate and low-income families who choose to prioritize these long term savings since saving for retirement doesn’t always come easy....
Posted by LLOYD J CAZES CPA on 05/20/2019
A leaked data on up to 143 million Americans in 2017 happened to Equifax due to a data breach. Important information such as social security numbers, home addresses, and more was leaked...
Posted by LLOYD J CAZES CPA on 05/20/2019
It is so tough figuring out how to pay off debt fast if you're self-employed. You don't know what strategies are effective and where to start. You're not sure when your...
Posted by LLOYD J CAZES CPA on 05/20/2019
The IRS does not categorically state that you need to prepare your tax return yourself. However, you need to employ the service of a professional tax preparer, for you to get the right...
Posted by LLOYD J CAZES CPA on 03/08/2019
