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Up to $1200 per tax payer and an additional $500 more per child will be distributed to tax payers upon President Trumps approval of the Senate Stimulus Package…..It looks like for those lucky enough to have filed already with direct deposit, these funds could be...
The IRS has extended the Federal tax dealing to July 15th for both filing (without an extension) as well as paying without interest or penalties accumulated. This is good for persons up to $1,000,000 and corporations for up to $10,000,000. Why file NOW anyway…Get your...
When a spouse pays the other spouse spousal support, it is a deduction to the paying spouse and is income to the receiving spouse. Child support on the other hand is not deductible nor is it taxed. This is why many folks try to say their child support is actually...
I just completed an analysis for one of our clients. They had just moved to the southeast and were currently renting. They had converted their west coast home in to a investment rental. They wanted to know the best way to fund their new home in their new area while...
I do not believe people appreciate what they get for free. I have first hand experience in that regard, but there is not enough space to tell that tale here. I do, however, believe in incentives. Right now, the various tax adjustments and credits for college expenses...
Under the Affordable Care Act, tax payers without health insurance were penalized up to 2.5% of the household’s taxable income. That penalty is now reduced to zero under the new tax act of 2017. So this year if you are uninsured you won’t face a Federal...
This just in! On social media there are folks using the Ameri Tax name and similar email to prepare taxes. If they aren’t on our staff page, they don’t work for us.
Be alert! Do NOT give any tax docs/IDs to anyone you haven’t met in real life.
