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qualifying U.S. citizens and resident aliens who live and work abroad may be able to exclude from their income all or part of their foreign

There are three major financial statements, the Balance Sheet, Income Statements (sometimes referred to as Profit & Loss), and the...

Before you can begin to analyze your financial statements, you first have to understand the rules, or methodology, by which they’ve been pre

As a business owner, you should have at least a basic understanding of accounting...in particular you should know how to read your financial

Gains and losses for securities, including stocks are not recognized for tax purposes until the securities are sold or become worthless.

If you are buying a new car, are you wondering what to do with the old one? Be mindful of the tax implications.

For individuals whose income comes from a Specified-Service Trade or Business, present company included, the Qualified Business Income...

In tax planning, deductions come in two flavors. First are your tax deferral strategies. This includes things like retirement...

Hey small business owners, today I’m going to be talking about, perhaps the most relevant topic following the Tax Cuts and Jobs Act of...

Article Highlights: Home Equity Loan Home Equity Interest Deduction Alternative Minimum Tax Above-the-Line Interest Deduction Qualified...

Article Highlights Higher Standard Deduction IRA Options Self-Employed Parent Employing Your Child Tax Benefits Children who are...

ITINs are used by people who have tax filing or payment obligations under U.S. law but who are not eligible for a Social Security number. IT