Tax Season is Over – Now What?

You can breathe a sigh of relief, the big push towards the April 15th tax deadline is over.  Now you’ll spend the next few weeks finishing taxes for clients who filed an extension.  Then, after taking a much deserved break for some rest and relaxation, what should you do next? Right now is the perfect time…

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ETFs Vs Index Funds: Quantifying The Differences

Given the increased popularity of exchange-traded funds (ETFs), you would think that index investors have fallen in love with this investment vehicle. Even though ETFs have only been around since 1993 (whereas the first index mutual fund was introduced in 1975), by the end of 2004 their total net assets a…

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Everything You Need to Know About Form W-9

At the point when I'm rounding out Form W-9, this is on the grounds that I've won another customer. The structure gives me a simple method to present all my crucial data to the customer so I can begin working, and they can begin paying me. Who could want anything more about that?   Reason and utili…

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How Tax Brackets Work: 2018 Examples and Myth Busting

Refreshed assessment sections for the year 2018 Your assessment section shows you the expense rate that you will pay for each bit of your salary. For instance, on the off chance that you are a solitary individual, the most reduced conceivable expense pace of 10 percent is applied to the first $9,525 of your pa…

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Major & Miscellaneous Tax Deductions

Tax deductions allow individuals and corporations to subtract certain expenses from their taxable income, which reduces their overall bill. The legal system gives you a choice of adding up all of your deductible expenses—and providing evidence of these expenses to the IRS upon request—or simply deducting a flat a…

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3 Easy Ways to Avoid Paying A Gift Tax

In the event that you part with liberal entireties of cash to a companion or relative, you might be required to pay a blessing assessment to the IRS. Be that as it may, with a bit of arranging, you can bear to be very liberal before you need to break out Form 709 to report the sum and be on hold to pay additio…

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Family Loans: Does the IRS Care If I Lend My Kids Money?

As a parent, there's an opportunity you may loan your children cash all through life. Perhaps it's to purchase a bike, to get their first vehicle or even to buy their own one of a kind home. Yet, when you surrender money to your family, does the Internal Revenue Service (IRS) care about those credits…

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